ACCA F5 - Learning Performance Management
0 views
Skip to first unread message
Sean Goudelocks
Jun 23, 2013, 9:19:11 PM6/23/13
to publish-the...@googlegroups.com
*****************************************************************
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Sean Goudelocks
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1846288
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1846288
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: ACCA F5 - Learning Performance Management
Author: Sean Goudelocks
Word Count: 581
Article URL: http://www.isnare.com/?aid=1846288&ca=Education
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1846288
Easy Publish Tool: http://www.isnare.com/html.php?aid=1846288
*********************** ARTICLE START ***********************
ACCA F5 or the study of performance management is the process of involving the employees in the organizational decision to improve their performance and increase the company�s effectiveness in achieving its goals.
Employee performance management in ACCA F5 includes:
Planning
The success in an organization is achieved through planning in advance. Planning is the involvement of individuals in the achievement of the organizational goals. Employees who are involved in the process will understand the main objective of the business better,increasing the chance for them to contribute to its success. Performance elements should also be established and these standards should be understandable, measurable, equitable, verifiable and achievable. It should also be flexible to allow adjustment period when changes are implemented by the company.
Monitoring
Monitoring is the act of measuring performance and providing feedback to the management and employees. Monitoring performance includes employee reviews, which compares their performance to a set of standards. Ongoing monitoring process will enable the management to check employee performance and to allow changes if the standard is proven to be unrealistic. By continually monitoring the employees, unacceptable performance can be addressed sooner rather than waiting for the end of the period where the report is finalized.
Developing
In ACCA F5, it is important to address the developmental needs of the employees. A company that takes care of their employees increase the chance of improving their productivity and effectiveness. The development might include trainings which improve job-related skills or help the employees adjust to change and the introduction of new technology.
Rating
It is helpful in ACCA F5 to rate the performance of employees from time to time. The company needs to know who their best employees are. The rating can also be the basis for other personnel actions such as pay increase, promotion, demotion or the reduction in force.
Rewarding
An organization that can recognize excellent performance should be effective in using these rewards to boost their employee�s morale. However, negative reward or punishments are also necessary in maintaining control and order in the organization. Rewarding can both be formal and informal. Recognition of performance need not be shown in a plaque, a simple tap on the back is sometimes enough to show approval for a certain action.
Syllabus in ACCA F5
Specialists� Cost and management techniques
ACCA F5 includes activity based costing which identifies cost drivers and calculating them to come up with the cost per unit. Target costing, life-cycle costing, throughput costing and environmental costing are the topics under the first area of the syllabus.
Decision making
The explanation of relevant costing and identifying the relevant coast are under the second area of ACCA F5. Cost volume profit analysis and the interpretation of break even analysis and margin of safety are also part of the study.
Budgeting
The development of budgeting system is important for any organization. Knowing the types of budgets and analysis in interpreting them is important.
Costing and variances
Variances and standard cost are covered in this area. The study helps to identify which cost can be reduced and which one is inflexible.
Performance measurements and control
This area includes the scope of performance measurement, divisional performance, performance analysis and external considerations on behavioural aspect.
About The Author: If you are looking for information on ACCA F5 click on the link. Or visit http://www.the-acca.com/acca/acca-f5.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1846288
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Sean Goudelocks
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1846288
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1846288
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: ACCA F5 - Learning Performance Management
Author: Sean Goudelocks
Word Count: 581
Article URL: http://www.isnare.com/?aid=1846288&ca=Education
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1846288
Easy Publish Tool: http://www.isnare.com/html.php?aid=1846288
*********************** ARTICLE START ***********************
ACCA F5 or the study of performance management is the process of involving the employees in the organizational decision to improve their performance and increase the company�s effectiveness in achieving its goals.
Employee performance management in ACCA F5 includes:
Planning
The success in an organization is achieved through planning in advance. Planning is the involvement of individuals in the achievement of the organizational goals. Employees who are involved in the process will understand the main objective of the business better,increasing the chance for them to contribute to its success. Performance elements should also be established and these standards should be understandable, measurable, equitable, verifiable and achievable. It should also be flexible to allow adjustment period when changes are implemented by the company.
Monitoring
Monitoring is the act of measuring performance and providing feedback to the management and employees. Monitoring performance includes employee reviews, which compares their performance to a set of standards. Ongoing monitoring process will enable the management to check employee performance and to allow changes if the standard is proven to be unrealistic. By continually monitoring the employees, unacceptable performance can be addressed sooner rather than waiting for the end of the period where the report is finalized.
Developing
In ACCA F5, it is important to address the developmental needs of the employees. A company that takes care of their employees increase the chance of improving their productivity and effectiveness. The development might include trainings which improve job-related skills or help the employees adjust to change and the introduction of new technology.
Rating
It is helpful in ACCA F5 to rate the performance of employees from time to time. The company needs to know who their best employees are. The rating can also be the basis for other personnel actions such as pay increase, promotion, demotion or the reduction in force.
Rewarding
An organization that can recognize excellent performance should be effective in using these rewards to boost their employee�s morale. However, negative reward or punishments are also necessary in maintaining control and order in the organization. Rewarding can both be formal and informal. Recognition of performance need not be shown in a plaque, a simple tap on the back is sometimes enough to show approval for a certain action.
Syllabus in ACCA F5
Specialists� Cost and management techniques
ACCA F5 includes activity based costing which identifies cost drivers and calculating them to come up with the cost per unit. Target costing, life-cycle costing, throughput costing and environmental costing are the topics under the first area of the syllabus.
Decision making
The explanation of relevant costing and identifying the relevant coast are under the second area of ACCA F5. Cost volume profit analysis and the interpretation of break even analysis and margin of safety are also part of the study.
Budgeting
The development of budgeting system is important for any organization. Knowing the types of budgets and analysis in interpreting them is important.
Costing and variances
Variances and standard cost are covered in this area. The study helps to identify which cost can be reduced and which one is inflexible.
Performance measurements and control
This area includes the scope of performance measurement, divisional performance, performance analysis and external considerations on behavioural aspect.
About The Author: If you are looking for information on ACCA F5 click on the link. Or visit http://www.the-acca.com/acca/acca-f5.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1846288
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Reply all
Reply to author
Forward
0 new messages