Performance Measures

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Overview

2.5 Credits
ONLINE

This CPE course is broken into two parts, Part I: Budgetary Performance Measures and Part II: Alternative Measures of Performance. Part I examines key metrics in the budget, including profitability, triangulation, and liquidity. Several scenarios are included to apply your overall understanding of budgetary performance measures. Part II includes the shortcomings of financial indicators, and it explores the non-financial performance indicators. This part examines benchmarking, which is a technique that is increasingly being adopted as a mechanism for continuous improvement.

Objectives

  • Part I
  • Calculate key financial performance indicators such as profitability, liquidity and asset turnover ratios.
  • Calculate financial performance measures for investment centers such as return on investment, residual income, and economic value
  • Part II
  • Recognize the shortcomings of financial indicators of performance measurement
  • Identify non-financial performance indicators
  • Identify the perspectives and related performance measures in the balanced scorecard
  • Recognize the benefits of "Beyond Budgeting"

Major Topics

  • Part I
  • Key metrics in the budget
  • Investment centers and performance measures
  • Residual income
  • Economic value added
  • Part II
  • Shortcomings of financial indicators
  • Non-financial performance indicators
  • Benchmarking
  • Kaplan and Norton - the balanced scorecard
  • Beyond budgeting
  • Beyond budgeting - six principles
  • Benefits of beyond budgeting

Designed For

Management accountants wanting to develop skills in financial performance management CGMA exam candidates
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