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CIMA Professional - Management Level -P2 Performance Management

Brooklands College eLearning

Summary

Price
£175 inc VAT
Or £58.33/mo. for 3 months...
Finance options
Flexible, interest-free, part payment options available.
Study method
Online
Duration
24 months · Self-paced
Qualification
No formal qualification

Overview

The Chartered Institute of Management Accountants (CIMA) is the world's largest and leading professional body of management accountants. Continue with your journey towards achieving the CIMA Professional Chartered Management Accounting qualification and plunge into the P2 Performance Management course.

Description

The P2 Performance Management course contributes to the attainment of the CIMA Professional Chartered Management Accounting qualification.

• Understand the implications of cost and revenue, with regards to pricing and product decisions. Learn the principles of decision-making and understand the conflict issues that can arise during decision-making processes, and how to deal with them effectively.
• Learn how to analyse short-term pricing and product decisions, and how uncertainty and risk can impact decision models using CVP analysis.
• Get to grips with pricing strategies, and understand the financial consequences that are involved, including profit maximisation, market skimming and product bundles.
• Learn how to evaluate techniques for analysing and managing costs to ensure competitive advantage. Compare and contrast functional cost analysis and value analysis.
• Learn how to prepare cost of quality reports, and understand and apply the key elements of Pareto analysis.
• Understand the principles that contribute to the use of budgets in control, including the concept of responsibility accounting and the various controllable and uncontrollable costs that can be encountered.
• Learn how to evaluate performance-using budgets, using ratio analysis, ‘what if’ scenarios and using both fixed and flexible budget reports.
• Apply your knowledge of budgets in control to more diverse managerial issues.
• Learn more about the structure of an organisation, and the implications that it has on responsibility accounting.
• Apply decision-making knowledge that you have acquired to scenarios suitable for cost centre managers and investment centre managers.
• Gain insight into the consequences that can occur following the division of an organisation into responsibility centres.

Who is this course for?

This course will be very beneficial to you if you want to add practical performance management skills to your CV or portfolio of skills.

Requirements

Students will need to have first attained the CIMA Operational qualifications before they can move on to the CIMA Management Level training.

Career path

As a qualified Management accountant you can expect to earn a salary around £32K with further prospects leading to Financial Controller, Finance Director, Finance and Administration Manager.
Source:PayScale

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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