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CPE Self-Study

Performance Measurement Techniques

  • $29.00-$49.00
    Performance Measurement Techniques Availability : Online Access Product #: 165307
    CGMA Holder: $29.00
    AICPA Member: $39.00
    Non-Member: $49.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-SMA-SDII1

This CPE course is included in the 50+ hours of CGMA Strategic Management Accounting. It can also be purchased individually or as a part of Strategy Development and Implementation.

This CPE course discusses the formation of a performance measurement mix, including defining critical success factors (CSFs) and key performance indicators (KPIs) and considering financial as well as non-financial measures. It underscores the importance of setting benchmarks and of proper communication.

It introduces the balanced scorecard, performance pyramid and Fitzgerald and Moon models for analysing performance management systems. It also covers strategies to evaluate divisional performance, including Economic Value Added (EVA), Shareholder Value Added (SVA) and Triple Bottom Line reporting.

Learning Objectives

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

  • Evaluate strategic targets through the development of critical success factors (CSFs)
  • Relate CSFs to Key Performance Indicators (KPIs) and corporate strategy and their use as a basis for defining an organization's information needs
  • Recognize appropriate strategic targets through the use of a range of financial and non-financial measures of strategic importance and their interaction with financial ones
  • Identify alternative models of measuring strategic performance (e.g., the Balanced Scorecard [BSC] and the performance pyramid as strategic evaluation tools).
  • Identify alternative strategic business unit (SBU) performance measures, including shareholder value added (SVA) and economic value added (EVA)
  • Recognize the importance of effective communication of strategic performance targets, including the need to drive strategic performance through stretch targets and promotion of exceptional performance
  • Recognize the role of the Management Accountant in the process of strategic performance evaluation

Topics Discussed

  • Alternative strategic business unit (SBU) performance measures, including shareholder value added (SVA) and economic value added (EVA)
  • Alternative models of measuring strategic performance (e.g., the Balanced Scorecard [BSC] and the performance pyramid as strategic evaluation tools)
  • Setting appropriate strategic targets through the use of a range of financial and non-financial measures of strategic importance and their interaction with financial ones
  • Evaluation of strategic targets through the development of critical success factors (CSFs)
  • Linking CSFs to Key Performance Indicators (KPIs) and corporate strategy, and their use as a basis for defining an organization's information needs
  • Effective communication of strategic performance targets, including the need to drive strategic performance through stretch targets and promotion of exceptional performance
  • The role of the Management Accountant in the process of strategic performance evaluation

Who Will Benefit?

  • CGMA exam candidates
  • Management accountants wanting to develop skills in strategy development and implementation

Discounts

CGMA designation holders qualify for additional discounts on this product

In order to receive your special pricing, you must be registered and signed in. View the complete list of development products available on CGMA.org.

System Requirements

About the Authors

Kaplan Publishing Limited

About the 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.