Financial Control and Performance Evaluation

Overview

Financial Control and Performance Evaluation is a specialized course designed to equip professionals with the essential knowledge and skills to effectively manage financial resources and evaluate organizational performance.

This Course enables firms to achieve high corporate performance. Financial Control and accounting play a very important role in every business to achieve competitiveness. Decision Makers want to gain advanced knowledge to assess their financial control and the nature of competition.

Additionally, the course covers practical techniques for performance evaluation, including variance analysis, key performance indicators (KPIs), and balanced scorecards. Participants will learn how to assess organizational performance against established goals and benchmarks, identify areas for improvement, and make data-driven decisions to drive performance improvements.

Furthermore, the course explores advanced topics in financial control and performance evaluation, such as activity-based costing, performance measurement frameworks, and the integration of financial and non-financial metrics in performance evaluation. Participants will gain insights into how to develop and implement effective financial control systems that align with organizational objectives and support strategic decision-making processes.

This course will help build a strong knowledge of the fundamentals of management accounting and concepts of financial control that help in the decision-making process and evaluating performance. It will highlight various issues corresponding to management accounting, including technology, corporate strategy, digitisation and marketing.

Objective

• Learn to adopt a case-based approach to assess the application of financial management and accounting principles.
• Evaluate the performance of business units, both domestic and international, using appropriate financial control systems.
• Analyze operational, marketing, and competitive strategy issues to support informed decision-making.
• Understand and apply modern management techniques, including activity-based management, balanced scorecards, target cost management, and quality costing.
• Critically evaluate methods for analyzing and managing costs and revenues to achieve competitive advantage.