Performance Management Accounting - Update 2021

Performance Management Accounting - Update 2021

Aim:

To develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision making, performance evaluation, and control. This course is designed for individuals who want to learn how to make use of management accounting to increase the performance of an organisation through various techniques that include budgeting, costing systems and much more.

Main capabilities:

On successful completion of this course, you should be able to:

A Explain and apply cost accounting techniques that can be used in multiple industries across the world.

B Select and appropriately apply decision-making techniques to facilitate business decisions and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks.

C Identify and apply appropriate budgeting techniques and methods for planning and control and use standard costing systems to measure and control business performance and to identify remedial action.

D Identify and discuss performance management information and measurement systems and assess the performance of an organisation from both a financial and non- financial viewpoint, appreciating the problems of controlling divisionalised businesses and the importance of allowing for external aspects.

E Enhance a company's performance through various techniques that include budgeting, forecasting and much, much more.

Let's learn about how you can use performance management to enhance efficiency within a company and make it grow further

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What you will learn

• A deeper understanding of financial management as well as ways to use performance management within the industry of finance.
• You'll develop knowledge and skills in the application of management accounting techniques
• to quantitative and qualitative information for planning & decision-making

Rating: 5

Level: Intermediate Level

Duration: 2.5 hours

Instructor: Rowan Malherbe