The aim of ACCA PM Performance Management (formerly F5) is to develop knowledge and skills in the application of management accounting techniques for planning, decision-making, performance evaluation and control.
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The aim of ACCA PM Performance Management (formerly F5) is to develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control.
Objective of the Syllabus
- Explain and apply cost accounting techniques.
- Select and appropriately apply decision-making techniques to facilitate business decisions and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks.
- Identify and apply appropriate budgeting techniques and methods for planning and control and use standard costing systems to measure and control business performance and to identify remedial action.
- Identify and discuss performance management information and measurement systems and assess the performance of an organisation from both a financial and nonfinancial viewpoint, appreciating the problems of controlling divisionalised businesses and the importance of allowing for external aspects.
The ACCA PM Performance Management syllabus is assessed by a three-hour computer based examination. All questions are compulsory. The exam will contain both computational and discursive elements. Some questions will adopt a scenario/case study approach. Candidates are provided with a formulae sheet. The total exam time is 3 hours. Prior to the start of the exam, candidates are given an extra 10 minutes to read the exam instructions. Section A of the exam comprises 15 objective test questions of 2 marks each. Section B of the exam comprises of three case style questions. These each contain five objective test questions which are based around a common scenario. Section C of the exam comprises two 20 mark constructed response questions. The two 20 mark questions will come from decision-making techniques, budgeting and control and/or performance measurement and control areas of the syllabus. These questions may also include requirements related to the information systems area of the syllabus. Section A questions and the questions in section B can cover any areas of the syllabus.
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