Award in Performance Management - MQF/EQF LEVEL 5 (12 ECTS/ECVET)
Program Overview
The Award in Performance Management equips learners with advanced insights into managing performance in organizations. It covers cost and management accounting techniques, decision-making, budgeting, and technology integration. Through exams, projects, and reflective journals, learners demonstrate their understanding of performance measurement and management, preparing them for careers in finance and related fields. The program is recognized by the Malta Further and Higher Education Authority and is intended for individuals aged 18+ aspiring to work or already working in finance.
Program Outline
Degree Overview:
The Award in Performance Management provides learners with advanced insights into performance measurement and management in organisations. This certification is designed to help learners acquire the essential skills and competencies needed to perform various cost and management accounting techniques that are crucial for making informed business decisions. It will cover how to manage financial and non-financial performance of various types of organisations, including private, public and non-profit organisations. The programme will also demonstrate to students how to monitor the impact of external stakeholders and technology on organisational performance.
Objectives:
Learners will learn how to:
- Gain an in-depth understanding of specialist cost and management accounting techniques, namely activity-based costing, life-cycle costing, throughput accounting and target costing, and recognise the increasing relevance of environmental accounting
- Comprehend and reflect on the fundamentals of various decision-making techniques such as relevant cost analysis, cost-volume-profit analysis, limiting factors, dealing with risk and uncertainty, pricing decisions and make or buy decisions
- Understand and critically analyse the key budgeting, planning and control concepts from a standard costing perspective, including quantitative techniques
- Describe the required employability and technology skills necessary in the fields of accounting and finance
- Apply the specialist cost and management accounting techniques to organisational planning and control
- Show how decision-making techniques can be used to make the best short-term and long-term financial decisions in organisations, including when facing limiting factors
- Differentiate between and prepare traditional, flexible, rolling and activity-based budgets, and show how budgets can cater for uncertainty in the environment
- Calculate variances using standard costing and use variance analysis to evaluate past performance and to assess how future organisational performance could be improved
- Examine the performance of an organisation from a financial and non-financial standpoint, including recognising external forces impacting the organisation and the challenges of controlling divisionalised businesses
Assessment:
The Award in Performance Management will be assessed through an exam, an individual project and a reflective journal.
Other:
- This qualification is awarded by Central Mediterranean Business School (CMBS).
- This qualification is accredited by the Malta Further and Higher Education Authority. MFHEA deems this Award in Performance Management to be at Level 5 in the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.
- This programme is intended for those who are aged 18+ and aspire to work or are already working in the finance field.
- This programme will be delivered in English.
- Location: Central Mediterranean Business School, The Brewhouse, Mdina Road, Zone 2, Central Business District, Birkirkara CBD 2010, Malta
- Duration: 2 Months
- Credits: 12 ECTS/ECVET
- Full Price (EU Students): €995
- Up to €697 refunded via the Get Qualified Scheme.
Central Mediterranean Business School (CMBS)
Overview:
Central Mediterranean Business School (CMBS) is a further and higher education institution located in Malta. It offers a range of undergraduate and postgraduate programs, as well as sixth-form programs, designed to prepare students for the workplace. CMBS emphasizes a practical, industry-driven approach to education, with a focus on developing students' leadership and management skills.
Services Offered:
Courses:
- CMBS offers a wide variety of courses across various fields, including business management, leadership, finance, human resources, healthcare, sports, hospitality, technology, real estate, culture, transport, and construction.
Faculty:
- CMBS boasts a team of experienced and passionate lecturers who bring real-world experience to the classroom.
Funding:
- CMBS offers funding opportunities through the Get Qualified Scheme, which can cover up to 70% of course fees.
Flexible Payment Terms:
- CMBS provides a "study now, pay later" option to make its courses more affordable.
Childcare:
- CMBS offers a free on-campus childcare service for student parents during lecture hours.
Student Life and Campus Experience:
The provided context does not offer details about student life and campus experience at CMBS.
Key Reasons to Study There:
Industry-Driven Curriculum:
- CMBS focuses on practical, industry-relevant skills, preparing students for real-world challenges.
Experienced Faculty:
- CMBS boasts a team of experienced and passionate lecturers who bring real-world experience to the classroom.
Flexible Learning Options:
- CMBS offers flexible learning options, including part-time and online courses, to accommodate students' busy schedules.
Funding Opportunities:
- CMBS offers funding opportunities through the Get Qualified Scheme, making its courses more accessible.
Free Childcare:
- CMBS provides a free on-campus childcare service for student parents, offering peace of mind and support.
Academic Programs:
CMBS offers a range of academic programs, including:
Undergraduate Diplomas:
- CMBS offers undergraduate diplomas in various fields, such as HR Management.
Master of Business Administration (MBA):
- CMBS offers MBA programs in various specializations, including HR Management and Educational Leadership.
Awards:
- CMBS offers various awards in areas such as Basic Economics for Managers, Operations Management, Information Management in Business, Essentials for Managing People, Advanced Employment Law, Organisational Behaviour, Performance Management, and Mental Health at the Place of Work.
Advanced Diplomas:
- CMBS offers advanced diplomas in fields such as Accounting Finance, and Computer Science.
Other:
CMBS is licensed as a further and higher education institution with the Malta Further and Higher Education Authority. It is a learning partner with Coventry University, ACCA, and Learners University College organisations.
Entry Requirements:
- MQF Level 4 qualification in accountancy, finance or a relevant field
- Matriculation certificate with passes in at least 2 A-levels and 3 Intermediates
- Matsec certificate with 4 passes at Grade 5 or better in accounts, english, mathematics and any other subject
- Relevant work experience in a relevant field
Language Proficiency Requirements:
- **Non-native English speakers must also have an English qualification such as CEFR or IELTS 5.5.
