- 06 Sep 2020 Dubai
The syllabus is divided into two levels of achievement. Students will progress from the Operational Level to the Management Level. At each level students study subjects across the three pillars.
P1 Management Accounting: Operational Level
P1 stresses the importance of costs and the drivers of costs in the production, analysis and use of information for decision making in organisations. The time focus of P1 is the short term. It covers budgeting as a means of short-term planning to execute the strategy of organisations. In addition, it provides competencies on how to analyse information on costs, volumes and prices to take short-term decisions on products and services and to develop an understanding on the impact of risk to these decisions. P1 provides the foundation for cost management and the long-term decisions covered in P2.
P2 Advanced Management Accounting: Management Level
Focusing primarily on the long term, P2 builds on the insights about costs and their drivers (from P1) to provide the competencies needed to analyse, plan and manage costs to support the implementation of the organisation’s strategy. It shows how to manage and control the performance of various units of the organisation in line with both short-term budgets and long-term strategy. Finally, P2 covers investment decision making and the risks associated with such decisions. It provides the basis for developing deeper understanding of various types of risk affecting the strategy and operations of organisations (covered in P3).
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Who Should Attend
CIMA Diploma in Performance Management (P1 + P2) has been designed for business professionals of all backgrounds to learn how Management Accounting can help support crucial decision-making in all business functions. Even without a financial background, you will definitely benefit greatly from learning how to plan, manage and control cost to execute short-term decision-making efficiently in specific business context.
This sets the foundation to facilitate long-term risk management through the implementation of a desired performance strategy to give your organisation an edge it needs. You are only two exams away to take your organisation’s performance to the next level.
Benefits of Attending
- Support vital decision-making through cost analysis
- Prepare budgets as part of corporate performance strategy
- Analyse plan and manage cost to support strategy implementation
- Manage and control various business functions in an organisation
- Understand the risks affecting business strategy and operation
Steve Willis has been helping business professionals advance in their careers for over 15 years as a specialist trainer in finance and accounting. He has been delivering both exam-based and tailored courses for the Big Four accounting firms, ATC International, World Bank, and other global organisations.
Steve has delivered thousands of days of exam-preparation training and train-the-trainer workshops throughout Asia, Africa, Europe, and the Middle East. Steve puts a real emphasis on delivering technical training in an easy-to-understand, engaging, and interesting manner, using a highly interactive and a “learning-by-doing” approach. He has also as written many articles for Student Accountant and Teach Accounting magazines, and regularly delivers presentations on professional examination topics for both students and tutors.
In addition to training delivery, Steve works as a consultant in the Outsourcing and Shared Service Center industries on projects related to process improvement and managerial accounting, and brings a wide range of real-world examples to the training room. Steve is both a Chartered Certified Accountant and a Microsoft Certified Master Instructor.
Upon completion of this training course, participants will earn a digital badge.
Earners of the CIMA - P1: Management Accounting badge are able to support vital decision-making through cost analysis and analyse plan and manage cost to support strategy implementation. They are able to understand costing methods and apply them in an organisations use.
Earners of the CIMA - P2: Advanced Management Accounting badge are able to support vital decision-making through cost analysis and prepare budgets as part of corporate performance strategy. They are able to understand the risks affecting business strategy and operation.
Prepare budgets, manage and control business functions, understand risks affecting strategy and operation
Analyse costs, strategy implementation, create budgets, investment decision making, risk management
- Attend and participate in the 5 full days of training course duration, led by the designated training expert, with less than 2 hours of noted absence.
Kempinski Hotel, Mall of the Emirates
Kempinski Hotel, Mall of the Emirates
Mall of the Emirates Dubai
Sheikh Zayed Road, Al Barsha
Dubai, United Arab Emirates
Telephone: +971 4 341 0000
Fax: +971 4 341 2327
Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions and successfully complete an assessment, will receive a Certificate of Completion.
Pricing excludes 5% VAT, which will be charged where applicable