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CPE Self-Study
Performance Measures
NASBA FIELD OF STUDY
Business Management and Organization
LEVEL
Basic
CPE CREDITS
Online: 2.5
This CPE course examines key metrics in the budget, including profitability, triangulation, and liquidity as well as explores non-financial performance indicators.

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Product details

Who Will Benefit?

  • Management accountants wanting to develop skills in financial performance management
  • CGMA exam candidates

Topics Discussed:

Part I

  • Key metrics in the budget
  • Investment centers and performance measures
  • Residual income
  • Economic value added

Part II

  • Shortcomings of financial indicators
  • Non-financial performance indicators
  • Benchmarking
  • Kaplan and Norton – the balanced scorecard
  • Beyond budgeting
  • Beyond budgeting – six principles
  • Benefits of beyond budgeting

Learning Objectives

When you complete this course, you will be able to:

Part I

  • Calculate key financial performance indicators such as profitability, liquidity and asset turnover ratios.
  • Calculate financial performance measures for investment centers such as return on investment, residual income, and economic value

Part II

  • Recognize the shortcomings of financial indicators of performance measurement
  • Identify non-financial performance indicators
  • Identify the perspectives and related performance measures in the balanced scorecard
  • Recognize the benefits of “Beyond Budgeting”

This CPE course is included in the 60+ hours of Financial Performance Management Program. It can also be purchased individually or as a part of Forecasting and Performance Evaluation.

This CPE course is broken into two parts, Part I: Budgetary Performance Measures and Part II: Alternative Measures of Performance. 

An organization should have certain targets for achievement. Targets can be expressed in terms of key metrics. Part I examines key metrics in the budget, including profitability, triangulation, and liquidity. This part also examines investment centers and performance measures, such as return on investments and includes both advantages and disadvantages. Several scenarios are included to apply your overall understanding of budgetary performance measures. In addition, it explores residual income and economic value added.

The use of traditional financial performance metrics is widespread, but the practice has its problems. Part II not only includes the shortcomings of financial indicators, but it explores the non-financial performance indicators. This part examines benchmarking, which is a technique that is increasingly being adopted as a mechanism for continuous improvement. In addition, it includes a discussion about Kaplan and Norton’s balanced scorecard, and the six principles of beyond budgeting.

Ratings and reviews
Author(s)

Kaplan Publishing Limited

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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Price:
$69.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$69.00
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CREDIT INFO
CPE credits
Online
: 2.5
NASBA Field of Study
Business Management and Organization
Level
Basic
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
FPM-FPE4
GROUP PRICING
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