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.
About the Lecturer
Justina Corcoran has over 20 years’ professional experience in the public service across a broad and varied number of Departments. Justina’s roles to date have incorporated a number of key management tasks including strategic planning, stakeholder management, project and contract management, corporate governance, performance management, public procurement, legislation, budget management, internal audit and business process improvement.
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ACCA PM Performance Management Syllabus & Exam
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 15 minutes paper-based examination. All questions are compulsory. It will contain both computational and discursive elements. Some questions will adopt a scenario/case study approach. Section A of the exam comprises 15 multiple choice questions of 2 marks each. Section B of the exam comprises three questions comprised of 5 multiple choice questions. Section C of the exam comprises two 20 mark 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. The section A questions and the questions in section B can cover any areas of the syllabus. Candidates are provided with a formulae sheet.
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