ON IMPROVEMENT OF THE METHODOLOGY OF ANALYSIS OF MAJOR DEVIATIONS IN ACCA PAPER F5 PERFORMANCE MANAGEMENT

All events and processes of economic activity of enterprises are in interrelation, interdependence and mutual conditioning. One group of them is directly dependent on each other, and the other group – indirectly. Each event can be considered as a cause or consequence. If in the process of analysis this or that indicator is seen as the result of one or more reasons and presented as an object of research, then when studying the relationship it is called resulting , and the indicators that determine the behavior of the properties of the resulting indicator are called factor indicators. Each of the resulting indicators depends on many different factors. The more detailed the deviations of the main factors, their causes and their impact on the value of the resulting indicator are investigated, the more accurate the results of the analysis and evaluation of the company's work will be. Without a thorough and in-deep study of factor deviations, it is impossible to draw reasonable conclusions about the results of activities, identify hidden reserves for improving production efficiency and make optimal management decisions.