Performance Management Module Details

Course/Module Description:

Performance management is the whole of activities that ensure that goals are consistently being met in an effective and efficient manner. The module focuses on the performance of an organization, a department, employee, or even the processes to build a product or service, as well as many other areas.

Course/Module Objectives:

The main objectives of the course are:

1. To explain, apply and evaluate alternative costing systems and management techniques
2. To provide an in-depth understanding of the use of standard costing to measure and evaluate performance and to take remedial action
3. To apply budgeting techniques and evaluate alternative methods of budgeting, planning and control
4. To explain the agency theory and show how to assess the performance of business units and managers within the organization
5. To train students to identify and measure information which is relevant for different types of business decisions

Course/Module Learning Outcomes:

After completion of the course students are expected to be able:

1. To apply and evaluate alternative costing systems and managerial accounting techniques
2. To explain the use of standard costing to measure and evaluate performance and to take remedial action
3. To apply budgeting techniques and evaluate alternative methods of budgeting, planning and control
4. To describe the basic agency theory and explain the factors that should be consider in designing performance measures for evaluating responsibility centers and managers
5. To measure information which is relevant for different types of business decisions