Award in Performance Management - MQF/EQF LEVEL 5 (12 ECTS/ECVET)
Program Overview
The Award in Performance Management equips learners with advanced insights into managing performance in organizations. It covers cost and management accounting techniques, decision-making, budgeting, and technology integration. Through exams, projects, and reflective journals, learners demonstrate their understanding of performance measurement and management, preparing them for careers in finance and related fields. The program is recognized by the Malta Further and Higher Education Authority and is intended for individuals aged 18+ aspiring to work or already working in finance.
Program Outline
Degree Overview:
The Award in Performance Management provides learners with advanced insights into performance measurement and management in organisations. This certification is designed to help learners acquire the essential skills and competencies needed to perform various cost and management accounting techniques that are crucial for making informed business decisions. It will cover how to manage financial and non-financial performance of various types of organisations, including private, public and non-profit organisations. The programme will also demonstrate to students how to monitor the impact of external stakeholders and technology on organisational performance.
Objectives:
Learners will learn how to:
- Gain an in-depth understanding of specialist cost and management accounting techniques, namely activity-based costing, life-cycle costing, throughput accounting and target costing, and recognise the increasing relevance of environmental accounting
- Comprehend and reflect on the fundamentals of various decision-making techniques such as relevant cost analysis, cost-volume-profit analysis, limiting factors, dealing with risk and uncertainty, pricing decisions and make or buy decisions
- Understand and critically analyse the key budgeting, planning and control concepts from a standard costing perspective, including quantitative techniques
- Describe the required employability and technology skills necessary in the fields of accounting and finance
- Apply the specialist cost and management accounting techniques to organisational planning and control
- Show how decision-making techniques can be used to make the best short-term and long-term financial decisions in organisations, including when facing limiting factors
- Differentiate between and prepare traditional, flexible, rolling and activity-based budgets, and show how budgets can cater for uncertainty in the environment
- Calculate variances using standard costing and use variance analysis to evaluate past performance and to assess how future organisational performance could be improved
- Examine the performance of an organisation from a financial and non-financial standpoint, including recognising external forces impacting the organisation and the challenges of controlling divisionalised businesses
Assessment:
The Award in Performance Management will be assessed through an exam, an individual project and a reflective journal.
Other:
- This qualification is awarded by Central Mediterranean Business School (CMBS).
- This qualification is accredited by the Malta Further and Higher Education Authority. MFHEA deems this Award in Performance Management to be at Level 5 in the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.
- This programme is intended for those who are aged 18+ and aspire to work or are already working in the finance field.
- This programme will be delivered in English.
- Location: Central Mediterranean Business School, The Brewhouse, Mdina Road, Zone 2, Central Business District, Birkirkara CBD 2010, Malta
- Duration: 2 Months
- Credits: 12 ECTS/ECVET
- Full Price (EU Students): €995
- Up to €697 refunded via the Get Qualified Scheme.
