ACCA Performance Management: In Practice

ACCA Performance Management: about the course

Performance management links financial calculations to a company’s real processes. A professional needs to understand the cost structure, the reasons for deviations from plan and how management decisions affect profit and the use of resources. The course is built around the topics of the ACCA Performance Management (PM) exam and focuses on practical application: from the basic principles of management accounting to calculations and analysis of real work situations.

Key topics

• cost classification and cost behavior models;
• marginal analysis and short-term decisions;
• budgeting and flexible budgets;
• variance analysis and identifying root causes;
• divisional performance measures;
• financial and non-financial KPIs;
• responsibility centers and transfer pricing;
• preparing management conclusions and recommendations.

Practical approach

Training is based on problems and examples close to real-world work. Participants analyze the facts, identify the material factors, compare alternatives and assess the risks of each option. Special attention is paid to interpreting the figures: it is important not only to get a number, but to explain what it means for the business and to base a recommendation on it.

Skills the course develops

• analyzing data and checking source information;
• choosing a well-founded calculation method;
• presenting reasoned conclusions to colleagues and management;
• recognizing common mistakes: incomplete data, a box-ticking approach to procedures, failure to check the result.

Who benefits from the training

The course suits management accountants, financial analysts, economists, heads of responsibility centers and candidates in professional programs. For beginners, it provides a framework of reference points and professional terminology; for experienced specialists, a chance to check their practice against a consistent algorithm and find areas for process improvement.

Outcome

Participants will be able to prepare a budget, perform variance analysis, evaluate a division’s performance and present a reasoned recommendation to management. Course materials can be used for self-review and for developing common approaches within the team.

Format and exam

Training is held in person or online according to the schedule. Upon completion, participants receive an HSE IPAA certificate of completion. The ACCA exam is taken with ACCA, and the qualification is awarded by ACCA; exam requirements and registration procedures are set by ACCA. For the current course duration and fees, contact our managers via the Contacts section.