Available Course
(2016) Management Accounting - Performance Measurement
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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 |
| Back | |
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 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.
According to the SAIPA Trainee Logbook Regulations, this competency skill is an elective skill.
The delegate therefore needs to obtain successful sign off on this skill as Competent.
This involves pre-course work, in-class discussions and exercises as well as evaluation and feedback.
SAIPA Logbook task number to be performed and signed off:
Management Accounting
Task 1: Management Reports (Elective skills)
A: Manufacturing reports
Task 3: Analysis and Interpretation (Elective skills)
A: Analysis of operation results
B: Evaluation of financial ratios
C: Interpretation of variances and tendencies
D: Reporting (conclusions, forecasts and recommendations)
Other course benefits include:
o professional skills development (writing and reporting skills)
o drafting recommendations which are reasonable and relevant
o time management; critical and strategic thinking
o assisting with exam technique (research and analysis)
o individual feedback by an accredited SAICA Assessor.
Delegates 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:
SAIPA 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 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 bring their own computers to the course with MS Excel loaded onto the machine. Please ensure the pre assessment has been completed prior to attending the course.
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