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ACCA P5kit - Advanced ACCA Performance Management P | Test (Assessment) | Understanding
Best Offer. Buy it now. P5 builds on knowledge gained at other levels, for example, P3, Business Analysis and especially from F5, Performance Management. P5 develops key aspects introduced at the F5 level with a greater focus on the synthesis and evaluation of the key topics and techniques.
ACCA Advanced Performance Management (APM) Pocket Notes
It will also introduce more specialised techniques and current issues in performance management. Therefore, candidates should not expect to be retested in an F5 style on topics but need to be aware that all of F5 knowledge is assumed to be known and will now be used in a more critical capacity. Section A a single compulsory question There is only one question in Section A worth 50 marks.
The purpose of this is to allow a detailed scenario to be given so that candidates can have the information and time to develop deeper answers to the question requirements. The Section A question ranges across various parts of the syllabus. Section B a choice of two from three questions Section B consists of three mark questions from which two must be chosen.
The Section B questions focus on specific issues in the P5 syllabus though not necessarily exclusively on only one topic. Professional marks are a regular feature of the Section A questions four marks in every exam and it should be possible for a well-prepared student to score most of these easily. Efficient preparation involves the identification of appropriate formats and structures to use in answering questions and practising writing answers in order to improve clarity.
ACCA Advanced Performance Management (APM) Pocket Notes
Remember that, broadly, the exam tests the capabilities that are required of a candidate listed above. The exam aims to address issues at both the strategic and operational levels and often requires a candidate to understand the connections between these levels. For example, the question of how strategic objectives flow through critical success factors to performance indicators as in Question 1 of the December exam or applying the performance pyramid in order to suggest additional KPIs strategic level and a set of operational performance measures as in Question 2 of December exam.
Another example of the type of question that arises is how does the choice of operational performance measures impact on the strategic performance of the organisation? This phrase succinctly points to the impact that the choice of performance metrics have on the management activity of the firm, for an example, see Question 1 of June exam. As indicated above, it is important to remember that the ideas contained in the various metrics need to be coherently applied to meet the strategic needs of an organisation and this is where other sections of the syllabus will connect to a question — for example, the choice of performance measures needs to fit with the planning and control structures Section A or whether chosen measures relate to external drivers of performance Section B.
Finally, in thinking about syllabus issues remember that P5 builds on F5 knowledge applying it in more complex scenarios so you should ensure that this F5 knowledge is available in the exam. This will entail the candidate knowing what the approaches are and more importantly being able to compare one with another in the context of a scenario — for example, profit and value approaches, financial and non-financial perspectives, short-term and long-term issues.
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A good candidate will be able to tailor the approaches suitable to the organisation described in the scenario and justify this advice using the evidence given in the scenario. The scenario describes the organisation, its objectives and its business environment.
A good candidate will show how they have taken in this information and then applied it to the performance management of that organisation. Student-friendly Using accessible language and engaging formats to help you understand more complex areas, Kaplan simplifies the learning process to make it easier for you to succeed. Written by our expert tutors All Kaplan study materials are written by our subject specialists who are also experienced tutors, so they know what works for students and how best to deliver it.
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Innovative solutions More than just books, our study materials are enhanced by a wealth of free online resources, including testing and assessments, accessible via MyKaplan, which are designed to keep you on track and help you pass first time. MyKaplan learning tools give you an integrated product that combines: -reference material guiding you through the product with easy to read icons and exercises -online study tools that allow you to have access anytime, anywhere -a powerful testing engine, using tutor tests set by Kaplan Financial classroom students, a proven learning method for exam success.
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