with Michael Farrell, Lecturing in Accounting, DCU Business School

Commencing first with a recap on the traditional role of performance measurement within organisations, the lecture will then look at developments within the fields of management, strategy, and accounting that have brought us to the present day with measurement tools like the Balance Scorecard and the Performance Prism. We will also look at what the current research is telling us about Performance Measurement Systems (PMS) within organisations including:

• The "correct" way to develop a PMS
• How PMS can manage performance as well as report on performance
• The psychological roles of PMS
• The Yin-Yang application of PMS
• How subjectivity in PMS is as much a help as a hindrance.
   

The lecture will conclude with a look to the future including how technological developments like Big Data and the increasing complexity of "typical" organisations will impact PMS.

Lecturer:

Michael Farrell is an accounting lecturer with Dublin City University and trained as an accountant with KPMG. He possesses a number of years industry and practice experience, both as an accountant and as an engineer, and provides training services to a number of the Big 4 accountancy firms.  He was previously a lecturer for ACCA P5: Advanced Performance Management and P2: Corporate Reporting.

Michael is currently pursuing a PhD through NUI Galway in the area of PMS and Innovation looking at how organisations can tailor their PMS to achieve successful outcomes where innovation is a critical success factor. Michael's accounting blog can be accessed at http://michaelfarrellonline.wordpress.com . The blog also contains a link to his Pinterest site where he archives any relevant news or stories from the world of accounting that he comes across.