Join Your Exam WhatsApp group to get regular news, updates & study materials HOW TO JOIN

ACCA P5 Advanced Performance Management Notes

ACCA P5 Advanced Performance Management Notes

ACCA P5 Advanced Performance Management Notes : There are many best books available for ACCA P5 Advanced Performance Management

ACCA P5 Advanced Performance Management Notes

ACCA P5 Advanced Performance Management Notes:

ACCA P5 Advanced Performance Management NotesView

Acca P5 Advanced Performance Management Study Text

View

Acca Approved P5 Advanced Performance Management Study Text

View

Acca P5 Advanced Performance Management Practice And Revision Kit

View

Acca P5 Advanced Performance Management Exam Kit

View

ACCA P5 Advanced Performance Management Notes

ACCA P5 Advanced Performance Management Notes: There are many technical articles for ACCA P5 Advanced Performance Management exam.

ACCA P5 Advanced Performance Management Notes

ACCA P5 Advanced Performance Management Notes :

P5: common pitfalls – and how to avoid them
This article takes a look at the P5 examiner’s comments from past sittings, focusing on illustrated shortcomings in P5 technical capabilities and examples where students haven’t answered the question set.

Making the most of ACCA’s P5 resources
ACCA produces a wealth of resources designed specifically to support students taking P5. Here, we outline the specific P5 resources on the ACCA website, explaining how they should be used and what issues they specifically address.

ACCA P5 Advanced Performance Management Notes : P5 examiner’s approach
Advice on how to prepare for the exam, and the best ways to achieve success:

  • for candidates taking P5 in March or June 2016
  • for candidates taking P5 from September 2016

Improving your P5 answers
This article aims to give a marker’s perspective on the level of response that is required in a P5 answer. It addresses a specific past paper question that caused considerable difficulty in the June 2014 session.

Bringing forward F5 knowledge and skills into P5
A member of the P5 examining team provides candidates with some insight into the ways in which knowledge and skills gained at previous levels can be examined at the final professional level.

Reading the question requirements of P5
An insight into some common problems and misconceptions surrounding P5. The article considers how to carefully understand the question requirement with use of selected examples from the past three P5 exams.

Complex business structures
This article focuses on complex business structures, where a core enterprise needs to manage the performance not only of its own activities, but also those of its partners to some extent.

Big data
Big data is now part of the P5 syllabus. But what exactly is big data?

Integrated reporting
Integrated reporting has been introduced to the syllabuses of many of the Professional level exams. This article aims to show how the idea of integrated reporting is relevant to the P5 syllabus.

Performance management models
This article provides a brief overview of two models which can assist accountants, not only in the determination of business strategy, but also in the appraisal of business performance.

Common mistakes and misconceptions in the use of numerical data used for performance measurement
This article considers the following learning outcome to be added to the P5 syllabus from September 2016: ‘Advise on the common mistakes and misconceptions in the use of numerical data used for performance measurement’.

ACCA P5 Advanced Performance Management Notes  :MAIN CAPABILITIES

On successful completion of this paper, candidates should be able to:

A Use strategic planning and control models to plan and monitor organisational performance

B Assess and identify key external influences on organisational performance

C Identify and evaluate the design features of effective performance management information and monitoring systems

D Apply appropriate strategic performance measurement techniques in evaluating and improving organisational performance

E Advise clients and senior management on strategic business performance evaluation and on recognising vulnerability to corporate failure.

ACCA P5 Advanced Performance Management Notes : 

A. Strategic planning and control

1. Strategic management accounting

2. Performance hierarchy

3. Performance management and control of the organisation

4. Changes in business structure and management accounting

5. Other environmental and ethical issues

B. External influences on organisational performance

1. Impact of risk and uncertainty on performance management

2. Impact of other external factors on performance management

C. Performance measurement systems and design

1. Performance management information systems

2. Sources of management information

3. Recording and processing methods

4. Management reports

D. Strategic performance measurement

1. Strategic performance measures in the private sector

2. Divisional performance and transfer pricing issues

3. Strategic performance measures in not-for profit organisations

4. Non-financial performance indicators

5. The role of quality in management information and performance measurement systems

6. Performance measurement and strategic human resource management issues

7. Other behavioural aspects of performance measurement

E. Performance evaluation and corporate failure

1. Alternative views of performance measurement and management

2. Strategic performance issues in complex business structures

3. Predicting and preventing corporate failure

ACCA P5 Advanced Performance Management Notes

ACCA P5 Advanced Performance Management Notes :  APPROACH TO EXAMINING THE SYLLABUS Paper P5 builds on paper F5, Performance Management, and candidates are expected to have a thorough understanding of the paper F5 syllabus. In addition, candidates will also be required to apply the principles and techniques covered in paper F2, Management Accounting.

Paper P5 has a link with Paper P3, Business Analysis, in the areas of strategic planning and control and performance measurement.

ACCA P5 Advanced Performance Management Notes

ACCA P5 Advanced Performance Management Notes : EXAMINATION STRUCTURE

The syllabus is assessed by a three-hour 15 minutes examination.

Section A: Section A will contain one compulsory question comprising of 50 marks

Section B: In section B candidates will be asked to answer two from three questions comprising of 25 marks each

ACCA P5 Advanced Performance Management Notes

ACCA P5 Advanced Performance Management Notes : ACCA periodically reviews its qualification syllabuses so that they fully meet the needs of stakeholders such as employers, students, regulatory and advisory bodies and learning providers.

There are changes to the syllabus to reflect the latest business and educational developments affecting this paper. These are summarised in the table below.

Section and subject areaSyllabus content
A Strategic planning and controlA1e This has been clarified to specify Porter’s generic strategies and 5 Forces models

ACCA P5 Advanced Performance Management Notes

ACCA P5 Advanced Performance Management Notes :The Advanced Performance Management syllabus further develops key aspects introduced in Paper F5, Performance Management, at the skills level and draws on aspects of the material covered from a more strategic and operational planning perspective in Paper P3, Business Analysis.

The syllabus introduces candidates to the strategic role of management accounting as a discipline for planning and controlling performance so that strategic objectives can be set, monitored and controlled. It also covers the impact of external factors on strategic management issues, such as macro-economic, fiscal, market and environmental impacts on performance. From appreciating the strategic context of performance management and the impact of wider factors, the syllabus examines, at an operational level, the issues relating to performance measurement systems and their design.

The syllabus then moves from performance management systems and their design to the scope and application of high-level performance measurement techniques in a variety of contexts, including not-for-profit organisations and multinational businesses. Having covered the strategic aspects of performance management and operational systems for the measurement and control of performance in a variety of contexts, candidates are then expected to synthesise this knowledge in the role of an advisor to senior management or independent clients on how to assess and control the performance of an entity, including the recognition of whether a business is facing difficulties or possibly failure.

For more information you can view here.

The Performance Prism
The Performance Prism has been described as a second generation performance management framework. In this article, we find out why its authors consider it a necessary replacement for established performance models like the balanced scorecard and performance pyramid.

Economic value added versus profit-based measures of performance – part 1
In the first part of two articles, we look at an alternative performance measurement system, Economic Value Added – or EVA – which has gained widespread use among companies such as Siemens, Coca Cola and Herman Miller.

Economic value added versus profit-based measures of performance – part 2
The second part of an article on Economic Value Added (EVA focuses on how to interpret the calculated EVA and its use as both an organisational and divisional performance measure.

The risks of uncertainty – part 1
This article considers the concepts of risk and uncertainty will be introduced together with the use of probabilities in calculating both expected values and measures of dispersion.

The risks of uncertainty – part 2
In this article on the risks of uncertainty, we build upon the basics of risk and uncertainty addressed in the first article published in the first part to examine more advanced aspects of incorporating risk into decision making.

Transfer pricing
Transfer prices are almost inevitably needed whenever a business is divided into more than one department or division.

Not-for-profit organisations – part 1
The first part of the article broadly describes the generic characteristics of not-for-profit organisations.

Not-for-profit organisations – part 2
The second part of the article takes a specific and deeper look at charities, which are one of the more important types of not-for-profit organisations.

Accounting and organisational cultures
A look at the Financial Control Culture and the Excellence/Service Culture and the type of performance contracts associated with both.

Business failure
The various failure prediction models.

Defining managers’ information requirements
How critical success factors are used.

Business strategy and performance models
This article provides a brief overview of three models to assist accountants in the determination of business strategy and in the appraisal of business performance.

The pyramids and pitfalls of performance measurement
This article outlines the issues which are central to the understanding and assessment of performance measurement.

Performance measures to support competitive advantage
Also available as a podcast on iTunes
A focus on the success of airlines such as EasyJet and Ryanair and how the balanced scorecard might be utilised to maintain the low-cost carriers’ competitive edge.

Beyond budgeting
Also available as a podcast on iTunes
A viewpoint has emerged during recent years which challenges the traditional approach to the budgeting process that has operated in both private and public sector organisations since time immemorial.

Management control – a pre-requisite for survival
Also available as a podcast on iTunes
This article explains why increasing recognition is given to satisfying the needs of different stakeholders.

Environmental management accounting
This article provides an insight into environmental management accounting, its increasing importance, and new developments.

ACCA P5 Advanced Performance Management Notes

For more information on ACCA please follow this Visit cakart.in

For other exam related information visit www.cakart.in

Leave a comment

Your email address will not be published. Required fields are marked *