ADVANCED PERFORMANCE MANAGEMENT

Strategic planning and control                                                                             

·         Strategic management accounting, Performance management and control of the organization Changes in business structure and management accounting.

·         Effect  of  Information  Technology  (IT)  on  strategic  management, Accounting Other environmental and ethical issues

External influences on organizational performance                                        

·         Changing business environment- role of risk and uncertainty in long term strategic  planning  and  decision-making,  risk  analysis  techniques  in assessing business performance such as maximin, maximax, minimax regret and expected values.                                                    

·         Impact of external factors on strategy and performance-PEST and Porter’s 5 forces model including areas: i) Political climate, ii) Market conditions, iii)  Funding,  impact  of  governmental  regulations  and  policies  on performance measurement techniques used and the performance levels achieved (utility services and former state monopolies).

Performance measurement systems and design                                             

·         Performance management information systems

·         Sources of management information- internal and external sources of management accounting, information, their costs and limitations, use of information in planning and controlling activities

·         Recording and processing methods- influence of type of business entity on the recording and processing methods, influence of IT developments Management reports

Strategic performance measurement                                                                  

·         Performance hierarchy Strategic performance measures in private sector- Application of different, Performance measures- i) Return on Capital Employed (ROCE), ii) Return on Investment (ROI), iii) Earnings Per Share (EPS), iv) Earnings Before  Interest,  Tax,Depreciation  and  Amortisation  (EBITDA),  v) Residual Income (RI), vi) Net Present value (NPV), vii) Internal rate of return and modified, internal Rate of Return (IRR, MIRR), viii) Economic Value Added (EVA TM);

·         Divisional performance and transfer pricing issues Strategic performance measures in not-for profit organizations Non- financial performance indicators  The  role  of  quality  in  management  information  and performance measurement systems- application of Japanese business practices and management accounting techniques, including: i) Kaizen costing, ii) Target costing, iii) JIT and TQM.

Performance evaluation and corporate failure                                                  

·         Alternative views of performance measurement and management-‘balanced scorecard’ approach, ‘performance pyramid’, work of Fitzgerald and Moon, Performance Prism, application of activity-based management, value-based management approaches to performance management.

·         Strategic performance issues in complex business structures- Strategic models in assessing the business performance of an entity, such as Ansoff, Boston Consulting Group and Porter, problems encountered in planning, controlling and measuring performance levels, e.g. productivity, profitability, quality and service levels, in complex business structures, impact on performance management of the use of business models involving strategic alliances, joint ventures and complex supply chain structures, influence of culture and strategy will influence the adoption of new performance measurement methods and techniques, Predicting and preventing corporate failure- quantitative and qualitative performance measures and models (such as Zscores and Argentina), performance improvement strategies to prevent corporate failure

·         Current developments and emerging issuesàCurrent developments in management accounting techniques-environmental management accounting, lifecycle costing, input/output analysis and activity-based costing, use of benchmarking in public sector performance (league tables), issues surrounding the use of targets in public sector organizations.

·         Current issues and trends in performance management- the changing role of the management accountant in today’s business environment as outlined by Burns and Scapens, contemporary issues in performance management