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via Udemy |
Go to Course: https://www.udemy.com/course/acca-basic-and-adv-performance-management-pm-apm-2024/
Certainly! Here's a comprehensive review and recommendation for the Coursera course on Performance Management and Advanced Performance Management: --- **Course Review and Recommendation: Performance Management & Advanced Performance Management on Coursera** Are you looking to deepen your understanding of management accounting and enhance your skills in performance evaluation and strategic decision-making? The *Performance Management (PM)* and *Advanced Performance Management (APM)* courses offered on Coursera provide a comprehensive pathway to mastering these vital business functions. **Course Overview** The *Performance Management* course serves as a solid foundation, building on core management accounting principles. It equips learners with practical skills necessary for planning, decision-making, performance evaluation, and control within diverse organizational contexts. The curriculum covers key topics such as management information systems, data analytics, cost management techniques, decision-making methods, budgeting, and performance measurement. These modules aim to develop your ability to analyze both qualitative and quantitative information, ensuring effective performance management in real-world settings. Progressing to the *Advanced Performance Management* course, students explore strategic aspects of performance management. This includes strategic planning, controlling, and leveraging management information systems for better decision-making. Emphasizing professional judgment, the course covers strategic performance measurement, complex performance evaluation in varied organizational forms, and the role of technology and data analytics in modern performance systems. It also emphasizes developing professional skills such as communication, analysis, scepticism, and commercial acumen, vital for leadership roles. **Strengths of the Courses** - **Comprehensive Content**: Both courses encompass a wide range of topics—from foundational cost management techniques to strategic performance evaluation—making them suitable for students aiming for practical expertise. - **Real-world Applicability**: Case studies, real-world scenarios, and emphasis on technology skills prepare learners for immediate workplace challenges. - **Progressive Learning**: The structured pathway from PM to APM ensures gradual skill development, ideal for professionals seeking career advancement. - **Focus on Technology and Data Analytics**: Courses address current industry trends, including management information systems and big data, positioning learners at the forefront of modern management practices. - **Professional Skills Development**: Emphasis on communication, evaluation, and scepticism enhances critical thinking and leadership capabilities. **Who Should Enroll?** - Aspiring management accountants or financial analysts - Business managers seeking to improve organizational performance - MBA students or executives involved in strategic planning - Professionals aiming to enhance data analytics and information systems skills **Recommendation** I highly recommend these courses for anyone interested in developing a robust understanding of performance management principles. They are particularly valuable for those preparing for professional qualifications in management accounting or aiming to take on strategic roles within an organization. The courses' blend of technical expertise, strategic insights, and soft skills makes them a comprehensive package for career growth. **Final Thoughts** Investing in these courses will not only elevate your technical accounting skills but also strengthen your strategic thinking and management capabilities. Their practical orientation ensures that you can directly apply learned techniques to improve organizational performance and contribute meaningfully to your team or company. --- If you're ready to advance your career in management accounting or performance management, enrolling in these Coursera courses is an excellent step forward.
I. Performance Management (PM)The aim of PM is to develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control.The syllabus for Performance Management (PM), builds on the knowledge gained in Management Accounting (MA) and seeks to examine students' understanding of how to manage the performance of a business. It also prepares students for more specialist capabilities which are covered in Advanced Performance Management (APM).A Management information systems and data analytics1. Management information systems2. Uses and control of information3. Big data and data analyticsB Specialist cost and management accounting techniques1. Activity-based costing2. Target costing3. Life-cycle costing4. Throughput accounting5. Accounting for environmental and sustainability factorsC Decision-making techniques1. Relevant cost analysis2. Cost volume profit analysis (CVP)3. Limiting factors4. Pricing decisions5. Make-or-buy and other short-term decisions6. Dealing with risk and uncertainty in decision-makingD Budgeting and control1. Budgetary systems and types of budget2. Analytical techniques in budgeting and forecasting3. Standard costing4. Material mix and yield variances5. Sales mix and quantity variances6. Planning and operational variances7. Performance analysisE Performance measurement and control1. Performance analysis in private sector, public sector and not-for-profit organisations2. Divisional performance and transfer pricing3. Specific performance analysis issues in not-for-profit organisations and the public sectorF Employability and technology skillsII. Advanced Performance Management (APM)The aim of APM is to apply relevant knowledge, skills and exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts to contribute to the planning, control and evaluation of the performance of an organisation and its strategic and operational development.The Advanced Performance Management syllabus further develops key aspects introduced in Performance Management at the Applied Skills level.A Strategic planning and control1. Strategic management accounting2. Performance hierarchy3. Performance management and control of the organisation4. Changes in business structure and management accounting5. Environmental, social and governance factorsB Performance management information systems and developments in technology1. Performance management information systems2. Sources of management information3. Recording and processing systems and technologies4. Data analytics5. Management reportsC Strategic performance measurement1. Strategic performance measures in the private sector2. Divisional performance and transfer pricing issues3. Strategic performance measures in not-for-profit organisations4. Non-financial performance indicators5. The role of quality in management information and performance measurement systems6. Performance measurement and strategic human resource management issues7. Other behavioural aspects of performance measurementD Performance evaluation1. Alternative views of performance measurement and management2. Strategic performance issues in complex business structuresE Professional skills1. Communication2. Analysis and evaluation3. Scepticism4. Commercial acumenF Employability and technology skills