Available Course

(2016) Management Decision Making and Control-Performance Measurement - VT

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Duration: 1 Day
CPD Hours: Attendance at this seminar will secure 6.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Course Facilitator: Nerissa Singh
T:  011-886-1395
E:  nerissa@probetatraining.co.za
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An engaged learning platform is provided which will have delegates participating on an interactive level with each other and the facilitator. A safe learning environment is created whereby delegates will be introduced to useful interactivity tools such as tests, polls, breakouts and both audio and visual engagement activities. These tools will support the delivery of theory and understanding of the necessary principles of the course on a practical level. On registration, all relevant course material and information will be made available online. This course is designed to enhance the delegates understanding of key performance indicators as well as non-financial performance indicators as a useful part of financial statement analysis and interpretation by management and potential investors. The required skills will be practiced and evaluated by means of pre-course work, in-class examples and group discussions as well as a post-course evaluation (to be done in class). Delegates are encouraged to not only calculate key performance indicators, but to interpret the ratios based on knowledge gained in the form of a research done on an allocated JSE listed entity. The importance and relevance of non-financial performance indicators will be emphasised as a useful tool to understand the business of the entity, the industry it operates in as well as the understanding of the entity s risk profile. In addition, the delegates will have the opportunity to draft and comment on a management report using the knowledge of the business gained, asking relevant questions to obtain accurate information, analyse and interpret tables.

After attending the course, delegates will have gained a basic understanding on the competencies mentioned below, and must be able to apply the concepts and techniques in simple, uncomplicated situations or environments. Our ultimate goal is to provide the trainees the necessary training and practical exposure to proof a level 4 competency skill at a basic level for residual skills. This involves pre-course work, in-class discussions and exercises as well as evaluation and feedback. Both delegates on the new 2016 SAICA Competency skills and the 2012 SAICA Competency skills training programmes can join this session. Based on SAICAs latest CA Training Programme, a level four (4) sign-off is required at a basic level for all Residual Skills. The following competency skills will be assessed: 2016: SAICA Training Programme Prescribed competencies (Residual Skills) Task nr Task to be performed MD(R) 1.1 Identifies the financial and non-financial performance indicators that are key to the entity / business unit / engagement, including any industry-specific benchmarks MD(R) 1.2 Evaluates performance measurement methods for key performance indicators 2012: SAICA Training Programme Prescribed competencies (Residual Skills) MD(R) 1.1 Identifies and documents financial and non-financial performance indicators that are key to the entity / business unit / audit engagement, including any industry-specific benchmarks MD(R) 1.2 Critically evaluates and documents the key components of the management accounting system of an entity / business unit / audit engagement, including the financial and non-financial reports produced Other course benefits include: professional skills development (writing and reporting skills); drafting recommendations which are reasonable and relevant; time management; critical and strategic thinking; assisting with exam technique (research and analysis); and individual feedback by an accredited SAICA Assessor. Trainees are guaranteed a relevant and practical basic understanding of analysing and interpreting both financial and non-financial performance indicators as well as the analysis, interpretation and drafting of management reports.

The overall assessment is based on the following approach which includes the submission of a PoE (Proof of Evidence file) on the day of the course: Pre-course work: a) delegates will be assigned a small to medium listed company for research purposes. Based on the research performed, each delegate has to complete certain documentation to proof his or her understanding of the business through analysis of financial and non-financial performance indicators and drawing a conclusion as to invest in the company or not. Prescribed templates with examples are provided. Detail instructions will be communicated at least 2 weeks before the course day commences. On the day of the course: b) during the morning session, the relevant theory will be presented and discussed in class with examples; c) the delegates will receive additional information to complete the case studies; d) Based on the research done and the theory dealt with during the course of the morning session, the delegate needs to assess a partly completed management report, analyse, interpret and deliver a properly completed report; e) the delegates will be required to complete a self-assessment and personalised action plan; f) the delegates will then submit his or her PoE file together with all the working papers to the Assessor at the end of the day. After the course After submission of the PoE (on the day of the course), an accredited SAICA Assessor will evaluate the contents of the submission against the SAICA CA Training programs competency skills requirements (level 4 sign-off at a basic level). Feedback will be given on an individual basis, also involving response by the training officer and trainee and recommendations where necessary.

Trainees who have a basic understanding of key performance indicators (KPIs) and who need to understand the application of the theory to select the appropriate KPIs and measure the performance of a company, using these KPIs as well as non-financial performance indicators. Other staff members within the organisation who need a basic understanding and practical exposure on Management Decision Making and Control concepts.

Delegates must have the following available on the course day: Own computers (PC or laptop) with Excel loaded onto the machine Proper internet connection (Wi-Fi or 3G) with sufficient data for the day Webcam (external or built-in) For the engagement activities and tools, other devices such as the iPad or iPhone are not recommended. Please ensure that the pre course work has been completed prior to attending the course. Please ensure that you are logged in 15 minutes prior to the start of the session

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Portfolio of Evidence: (Assessed by a registered assessor) R 350.00 (Excl.)/ R 399.00 (Incl.) per delegate