ACCA-F5-Performance Management-Detailed Live class Recorded

Explore a practical revision of basic management accounting topics, including flexible and static budgets, standard costing, variance analysis, and absorption versus marginal costing.

Revise basic management accounting topics, including standard costing for repetitive processes, prime and conversion costs, and absorption costing with fixed overhead, alongside information systems for organizational performance.

Explore how information, internal and external data, and management information systems drive planning, control, and decision making; examine data capture, erp, cloud computing, and mis for organizational performance.

Explore how information systems govern data integrity and security through controls, encryption, access management, backups, and disaster planning to enhance organizational performance.

Explore how transaction processing systems, MIS, and DSS support strategic, tactical, and operational decision making, with executive information systems and expert systems guiding data analytics.

Explore how ERP integrates inventory, production, CRM, finance, and HR to deliver real-time, standardized data and shared cost accounting across functions.

Learn activity-based costing (ABC) and other specialist techniques, compare ABC with traditional costing, and explore target costing, life cycle costing, throughput accounting, and environmental costing.

Master activity-based costing and throughput accounting, focusing on cost drivers, non-productive activities, and bottlenecks identified by the theory of constraints.

Explore throughput accounting concepts, bottlenecks, and throughput per unit, and learn to rank products by bottleneck contribution for efficient multi-product decisions.

Explore why target costing struggles in health care due to intangibility and overheads, and apply life cycle costing to guide pricing from development, growth, maturity, to decline.

Explore cost volume profit analysis fundamentals, including breakeven point, margin of safety, contribution and PV ratio, session 1, with single and multi‑product scenarios and sensitivity analysis.

Learn how to apply cost-volume-profit analysis to multiple products using a predetermined sales mix, weighted average contribution to sales, break-even revenue, margin of safety, and limiting-factor decisions.

Learn to solve planning with limiting factors using linear programming: formulate constraints, identify feasible regions, use iso-contribution lines, and compute optimal production via graphs or simultaneous equations.

Explore pricing strategies and elasticity concepts, including marginal cost and marginal revenue, relevant costs and sunk costs, and market structures from perfect competition to monopoly.

Explore how absorption costing allocates fixed costs per unit and its pricing limitations, then apply relevant and marginal costing to set price decisions, including cost-plus, market-skimming, and penetration strategies.

Explore how pricing strategies like price skimming, penetration, volume discounting, and price discrimination shape markets, and apply relevant costing to make buy or make decisions, outsourcing, and shutdown choices.

Explore relevant costing, overhead allocation, and contribution margins to decide whether to keep or close departments, optimize capacity, and assess one-off contracts with differential and opportunity costs.

Demonstrates Monte Carlo simulation to assess risk and uncertainty in capital investments, using probability distributions and random numbers to model costs and revenues for informed decisions.

Delve into budgeting within performance management, covering risk assessment, value of information, decision trees, and budgeting systems from rolling and zero-based budgets to the master and cash budgets.

Explore budgeting approaches, including top-down and participative budgeting, budgetary control, goal congruence, and the behavioral effects of variances, with insights on rolling, incremental, zero-based, and activity-based budgeting.

Explore how an activity based budgeting approach uses a stores department activity matrix, cost drivers, and cost pools to allocate resources and reveal sustaining costs.

Forecast monthly cash flows by integrating the master budget, sales budget, and collection periods; plan receipts, payments, and capital expenditures while tracking receivables and payables.

Learn to use flexible budgeting, high-low analysis, and learning curves to forecast production costs and boost performance management.

Use the learning curve to estimate cumulative average time per unit when output doubles. Apply the model to budgeting and budgetary control in repetitive labor-intensive production.

Determine the minimum quote for an initial ten-watch order under an 80% learning curve, including material $30 per watch, labor $3 per hour, and a $1,000 setup cost.

Explore advanced variances, including material mix and yield, sales mix, planning and operational variances, and market size and share variances, and learn to reconcile them under standard costing.

Explore advanced variances in standard costing, including material usage, material mix, and yield variances, using standard quantity, actual quantity, and weighted average price.

Explore advanced variances in performance management, including material mix variance, yield variance, and usage variance, using standard and actual mixes and weighted prices to assess cost and output.

Explore advanced variances in performance management, including market size and market share variances, planning and operational variances, and the calculations using standard margin and revised budgeted sales.

Explore advanced material and labor variances, comparing planning and operational variances, calculating price and quantity variances, and applying revised budgets and learning curves to improve performance.

Explore advanced variances and the flexible budget model, including original and revised flex budgets, planning variances, and the advantages and disadvantages of revising budgets in turbulent environments.

Learn key profitability and liquidity measures, including ROCE, operating profit margin, asset turnover, gross profit margin, and current and quick ratios, with practical ratio insights.

Align short-term targets with long-term strategic plans and evaluate performance using both financial and non-financial indicators. Build strong internal controls to prevent window dressing and support sustainable long-term profitability.

Explore performance measurement and control through budgeted and actual profit analyses for medical, dietary, and fitness consultations. Examine costs, margins, subcontracting, and reliability of performance measures.

Explore the balanced scorecard framework with four perspectives: customer, internal processes, innovation and learning, and financial, and apply it to performance case studies like faster pasta.

Explore Fitzgerald and Moon's six-dimensional building-block model for service performance. Learn how standards, rewards, and participative budgeting drive accountability and stakeholder value.

Assess divisional performance measurement and transfer pricing, using ROI and residual income, and how variable or full cost transfer prices distort intra group performance across centers.