CPE Self-Study
Financial Performance Management Program
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Business Management and Organization
Online: 62.5
The CGMA designation elevates the profession of management accounting and showcases your value around the world. This CPE program provides you with the knowledge required for the CGMA exam related to financial performance management. Its three primary areas of focus are on cost accounting and management, financial decision making, and forecasting and performance evaluation.

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Product details

Who Will Benefit?

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

Key Topics

  • Activity-based costing
  • Activity-based management
  • Introduction to breakeven analysis
  • Decision trees and multi-stage decision problems
  • Purposes of budgeting
  • Standard costing and variance analysis

Learning Objectives

  • Compare activity-based costing with traditional marginal and absorption costing methods
  • Identify the uses of activity-based management outputs in improving the efficiency of repetitive overhead activities
  • Apply cost analysis techniques to calculate relevant costs.
  • Recognize the financial consequences of dealing with long-run projects, in particular the importance of accounting for the 'time value of money'
  • Identify the advantages and benefits of traditional and alternative methodologies of budgeting and forecasting
  • Determine operating results based on standard costing methods, including the reconciliation of budgeted and actual profit margins

As a complement to the CGMA Strategic Management Accounting program, these courses dive deeper into the technical skills needed by financial professionals in business and industry. Before providing the strategic insights, management accountants need to generate the right information that informs those insights. These interactive courses will enable you to acquire or enhance your technical skills in areas from costing methods to financial analysis to advanced forecasting techniques. Upon completion, you will be better prepared to generate and analyze better data—and to move from information to insight in your organization.

As part of the working body of knowledge for CGMAs, this set of CPE courses will be extremely relevant for current, practicing CGMAs, as well as CGMA exam candidates.

Cost Accounting and Management

The Cost Accounting and Management track starts with examining the overall purpose of costing and why it is important for a business to determine the cost of its products or services. It examines modern production environments and how activity-based costing may be more useful than traditional methods of costing (marginal and absorption). It then explores activity-based costing approaches, such as activity-based management, direct product profitability, direct customer profitability and distribution channel profitability. The track includes an in-depth examination of three costing methods - joint product costing, throughput accounting, and environmental costing. It examines the target costing approach and not only includes a background on learning curves, but explores logarithms and contains multiple illustrations. Finally, this course explores the modern business environment for manufacturers including the growth of world class manufacturers, and characteristics of the modern manufacturing environment.

Courses Include:

Financial Decision Making

The Financial Decision Making track begins with details regarding breakeven analysis, more formally known as Cost-Volume-Profit Analysis, and includes multiple illustrations. This course explores relevant costs and revenues, non-relevant costs, opportunity cost, and incremental revenue. It includes a step-by-step technique which requires the translation of a decision problem into a system of variables, equations and inequalities. The course also explores performance management and potential behavioral consequences. It explores the time value of money and expands on the three main reasons for it - consumption preferences, impact of inflation, and risk. This course deals with the risk of investment appraisal decisions. It also explores alternative strategies for pricing products and services. Additionally, this course looks at how risk and uncertainty can be built into the decision making process. Finally, the course explores what risk is, and why a business would incur risk.

Courses Include:

Forecasting and Performance Evaluation

The Forecasting and Performance Evaluation track starts with exploring the various financial and non-financial purposes of budgeting. It examines decentralization, and cost, profit and investment centers. This course explores forecasting techniques related to budgeting. It then examines investment centers and performance measures, such as return on investments and includes both advantages and disadvantages. The course includes the shortcomings of financial indicators and, the utility of non-financial performance indicators. Additionally, it explores standard costing and variance analysis. Finally, this course explores the investigation of variances.

Courses Include:

Ratings and reviews

Kaplan Publishing Limited


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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CPE credits
: 62.5
NASBA Field of Study
Business Management and Organization
Management accounting experience or the equivalent
Delivery Method
QAS Self-Study
Course acronym
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