CIMA Professional - Management Level -P2 Performance Management
Brooklands College eLearning
Summary
Overview
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.
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Source:PayScale
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