Performance Management (PM)

About ACCA

The Association of Chartered Certified Accountants (ACCA) is a fast growing global professional accountancy body with over a 100 years of experience and consisting of 425,000 students and members in over 170 countries. Both its reputation and influence are respected worldwide by employers, governments and profession itself. 
The ACCA Qualification is one of the most highly respected and valued qualifications available internationally. Gaining such a qualification is evidence that the holder possesses skills and knowledge which are in high demand by employers in industry, banking, auditing, consulting as well as other professions like taxation and law. The ACCA Program is most suitable for those that aspire to become professionals in any sector of business. University graduates of any discipline can join the program. No previous knowledge of accounting or finance is required.

Course Description

The aim of this course is 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.

Course objectives

After successful completion of this course, candidates should be able to:

    •           Identify and discuss the information, systems and developments in technology required for organizations to manage and measure performance;
    •            Explain and apply cost accounting techniques;
    •        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;
    •           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;
    • Assess the performance of an organization from both a financial and non financial viewpoint, appreciating the problems of controlling divisionalised businesses and the importance of allowing for external aspects.            

    Topics we will cover:

        • Specialist cost and management accounting techniques: Activity-based costing; Target costing; Life-cycle costing; Environmental accounting; Throughput accounting;
        • Decision-making techniques: Multi-limiting factors and the use of linear programming and shadow pricing; Pricing decisions; Make-or-buy and other short-term decisions; Dealing with risk and uncertainty in decision- making;
        • Budgeting: Objectives; Budgetary systems; Types of budget; Quantitative analysis in budgeting; Behavioural aspects of budgeting;
        • Standard costing and variance analysis: Budgeting and standard costing; Basic variances and operating statements; Material mix and yield variances; Planning and operational variances; Behavioural aspects of standard costing;
        • Performance measurement and control: The scope of performance measurement; Divisional performance and transfer pricing; Performance analysis in not-for-profit organizations and the public sector; External considerations and behavioural aspects.                        


        • At the end of the course students will be able to pass the international exam of Performance Management organized by ACCA
        • Course Language:  English
        • Course Duration: 50 hours
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