All enterprises need to set, and monitor their achievement of, objectives in the core areas of their business. At a corporate (or business unit) level, these objectives will frequently be expressed in financial terms. However, it is likely that objectives will also be expressed in non-financial terms - particularly at a business unit or individual level.
The unit commences with an overview of the 'balanced scorecard' approach to measuring performance. Thereafter, the unit looks initially at financial performance information. It does this by introducing the contents of financial statements, and then examining approaches to the interpretation and evaluation of the information contained in such financial statements.
The unit then goes on to examine the use of performance indicators in the non-financial elements of the balanced scorecard approach. The unit concludes with a review of the budgetary process in organisations, recognizing that operational performance targets are most commonly promulgated and monitored via this process. This review explicitly acknowledges that while many budgets are expressed in financial terms, it is equally important to have budgets/targets based on key operational measures and regularly monitor actual levels of achievement against those targets.
| Type of module: | Core |
| Cost: | Distance Learning - £665.00 per unit Distance Learning plus 3 flexible learning workshops - £795.00 per unit Approved Provider - £795.00 per unit |
| Study hours: | 300 hours |
| Assessment: | Comprises three assessment components:
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Download syllabus |
| File type | Adobe Acrobat pdf |
| File size: | 40KB |
| Number of pages: | 6 |
| Download time | 1-2 mins |
