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.
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.
The following competencies will be assessed:
MD(R) 1: Identifies and evaluates an entity's/ business unit's key performance indicators
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.
Based on SAICA's 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:
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
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.
This course consists of three parts:
On scheduled course date:
1: Presentation of theory relating to the competency at hand – including demonstration of related techniques and principles via examples and case studies
2: Online assessment completed via our new online platform – www.myskillsportal.co.za.
3: Post-course integrated assignment (prepared on Excel and submitted electronically within 6 weeks after attending the training)
The presentation is available in two formats:
Option 1: A “live on-line presentation” – using our virtual training platform. No recording available after the session is completed.
Option 2: Online e-learning modules (Pre-recorded online modules with the ability re-watch sessions)
Delegates on the 2016 SAICA Competency skills SAICA Competency skills training programmes can join this session.
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:
o Own computers (PC or laptop) with Excel loaded onto the machine
o Proper internet connection (Wi-Fi or 3G) with sufficient data for the day
Minimum connection speed required (use online page to test eg: https://www.speedtest.net/)
• Upload speed: at least 3 Mbps
• Download speed: at least 5 Mbps
o Please note: We will be watching short YOUTUBE videos during the session to enhance the learning experience - therefore it is advised that you obtain permission from your IT department to gain access for the day.
o USB headset (microphone, speakers) for each delegate is optional - however if an open office is used this is requirement
o Webcam (external or built-in) for each delegate is not required as we do not use video functionality
For the engagement activities and online tools, other devices such as the iPad and iPhone are not recommended.
Please ensure that you are logged in 30 minutes prior to the start of the session in order to download relevant material and sort out any technical challenges that you might have with the aid of your IT department.
