Performance and appraisal
Taught by Peter Woolley · AI tutor support included
You'll learn how businesses assess and control the performance of different divisions and business units, a key control mechanism in any organisation.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Business unit performance and appraisal
- 0:18 Management accounting versus strategic accounting
- 0:42 Budgets as organisational controls
- 2:21 Costing systems and performance measurement
- 3:32 Capital investment appraisal and NPV
- 3:48 Transfer pricing and the GAPTAX framework
- 5:27 Backflush, throughput and lean accounting
- 7:14 Lifecycle costing and target costing
- 8:56 Kaizen costing and continuous improvement
- 9:54 Economic value add and value-based management
About this lesson
This lesson covers the essential techniques used to monitor performance—from budgets and costing systems to transfer pricing and capital investment appraisal—and explains how each one helps management make better decisions and align divisional goals with group-wide objectives. You'll also explore advanced management accounting methods like throughput accounting, lifecycle costing, target costing, and economic value added, understanding when and why each technique is used to drive profitability and shareholder value. This content is core to your exam preparation and builds on foundational management accounting knowledge you'll already have studied.
Duration: 12m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the P3 Objective Test course
All 58 video lessons, timed mock exams marked instantly with an explanation for every question, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in