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PERFORMANCE MANAGEMENT ICAN COMPONENTS SUPPORT CORPORATE GOVERNANCE IN FORM OF MANAGEMENT ACCOUNTING - YouTube
Channel: ICAN GJAMES ASSOCIATES
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hello everybody GBENGA聽聽
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OLATUNJI hope we are doing great and by popular聽
demand we'll be going into performance management
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series beginning from today and this is a聽
course actually that is tailored towards聽聽
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developing a capacity to be able to provide聽
decision making information and decision making聽聽
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support to management of any organization聽
in any nation as shattered accountants so聽聽
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we will be introducing ourselves to strategic聽
management don't forget we've been creating聽聽
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strategy and corporate governance so you can聽
look up those videos so this is going to help聽聽
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in knowing much more better and having a solid聽
foundation when it comes to performance management聽聽
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because performance management are some branches聽
that are entering to hit like strategic financial聽聽
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management management information corporate聽
strategic management and heretics business聽聽
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management and finance all these relate directly聽
to performance management so you could look up on聽聽
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those videos that were done so we'll be聽
introducing ourselves also to strategic planning聽聽
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and control we'll be introducing ourselves to聽
strategic objectives and levels of management聽聽
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so let us go into what we'll聽
be looking at in details
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so we'll be looking at under strategic聽
planning and control the definition聽聽
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of strategic planning and control because聽
when we are talking about performance聽聽
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management we cannot both talk about聽
strategy cannot talk about planning聽聽
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cannot talk about control so how these what are聽
their divinations so we introduce ourselves to聽聽
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their definition lean the foundation in this video聽
then we will talk about management accounting and聽聽
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purposes of management accounting聽
strategic and performance management is a聽聽
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decision making support system and it drills聽
on information and management accounting聽聽
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provides such information so we'll be introducing聽
ourselves to the purposes of accounting management聽聽
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management accounting rather in form聽
of planning purposes its usefulness聽聽
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in control and its usefulness in decision making聽
so also we will look at the levels of strategic聽聽
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planning levels of strategic planning will be聽
looked at and also will move on to strategic聽聽
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planning processes the process involved in taking聽
decision and planning then we'll move on to聽聽
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strategic objective strategic objectives and it聽
is important for us to know that this of course聽聽
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all of them are important but this strategic聽
objective is key and the apex decision making聽聽
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like the board of directors and the like also we聽
dealt with it under csm please look up the videos
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uncle when most comes to strategic objectives聽
so we'll be introducing ourselves and deal with聽聽
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planning and corporate objectives聽
every organization must have聽聽
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corporate objectives which must be set by
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either the shareholders the people that聽
envision the organization in coming to reality聽聽
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or the board so the apex decision makers must聽
uncle and decide on strategic objectives then聽聽
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it spiraled down to the management and the poor聽
the directors and the like we'll talk about the聽聽
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need for performance measurements the need for聽
performance measurements how are we going to聽聽
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measure our objectives how our objectives become聽
kp high key performance indicator and the like聽聽
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are we going to ensure that we turn聽
around our key performance indicators聽聽
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to success how we're going to ensure that聽
we turn around our critical sources factor聽聽
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into becoming key performance indicator聽
so we'll be looking at the need聽聽
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for performance measurements and things聽
that relate to heat management accounting聽聽
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and performance measurement will be looked after聽
management accounting performance measurement聽聽
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will be looked at then we are going to do with the聽
performance management levels what are the levels聽聽
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involves when we are talking about levels聽
of management so we'll be looking at the聽聽
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tactical the strategic will be looking at聽
the operational aspects of management level
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also in performance management in corporate聽
organization and when decisions have been made聽聽
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there will always be conflicts of interest there聽
will always be conflict between the strategic聽聽
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plan and the short-term plan there will always聽
be conflict between directors personal interest聽聽
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and personal goal and the corporate objectives so聽
we'll be looking at potential conflicts between聽聽
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strategic planning and short-term planning the聽
potential conflicts between strategic planning and聽聽
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short-term planning and of course we are聽
going to look at the resolution of these two
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so after this we'll be talking about the overview聽
of costs planning and control the overview of cost聽聽
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planning and control will be looked at and will聽
be studying the performance management information聽聽
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that sources of information the high-endo method聽
linear regression analysis marginal costing聽聽
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and absorption costing will be looked at abc聽
will be looked at that is activity based costing聽聽
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then we'll talk about the ethics that sold and聽
performance management as organization so this is聽聽
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by way of introducing ourselves to performance聽
management if you are just joining us on ggs聽聽
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associate platform we highly recognize you you are聽
welcome you are important to us and even part of聽聽
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us we highly recognize you and we had loved that聽
you subscribe it's a free subscription to this聽聽
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community let us build it together so when you聽
subscribe you put yourself in position to receive聽聽
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timely information that will release new videos聽
and tutorial and also people around you can be聽聽
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beneficial and be easily reached also when you聽
do that you encourage us i want to believe you're聽聽
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going to encourage us because this community is聽
building other lives and we are making a nation聽聽
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create the world better so please give us thumb聽
up subscribe to us like us comments engage us
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ggs associates we are value the聽
life your value to your businesses
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