About P5 syllabus

[Prajna B]

Advance Performance Management (P5) is one of the optional papers at professional level of ACCA qualification.

The objective of P5 paper is to apply relevant knowledge, skills and exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts and to contribute to the evaluation of the performance of an organisation and its strategic development.

The syllabus further develops topics covered in Paper F5, Performance Management, at fundamental level and builds on some topics covered in P3 Business Analysis.

It focuses on the strategic role of management accounting as a discipline for planning and controlling performance so that strategic objectives can be set, monitored and controlled. In addition it covers the impact of external factors on strategic management issues, such as macro economic, fiscal, market and environmental impacts on performance. Along with comprehending the strategic context of performance management and the impact of wider factors, it also discusses the issues relating to performance measurement systems and their design at an operational level.

Then the scope and application of high-level performance measurement techniques in a variety of contexts, including not-for-profit organisations and multi-national businesses are examined.

Thereafter 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 possible failure is considered.

Ultimately, P5 covers current developments in performance management and emerging issues that might affect the management of performance within organisations.

[desmond kelshall]

Hi,

Any forums for this paper? I will be doing in June and ALL the help that I can get.

Desmond

[Sonal]

hi,
you may ask any querry regarding P5 in this forum only.
we will try our level best to solve it.

[Prajna B]

As you must have just started studying P5, first of all you should thoroughly read the study text. This will help you to minimise your burden during revision.

If you have any query regarding the subject, post it on the forum. You will get a reply from the subject experts as soon as possible.

Very soon we will start posting exam tips for P5 that will help you to prioritise your revision according to the importance given to various topics in the exam.

Best of luck for your studies :)

Prajna B

[Frost]

Thanks! which paper should i go for p4 or p5?

[Prajna B]

Hi Frost,

If you are interested in both the papers you can give both of them.

If you are inclined towards performance & financial management you can take up both as you optional modules.

P5 will help you to get an understanding about following topics

Ø how to use strategic planning and control models to plan and monitor organisational performance.

Ø assess and identify relevant macro economic, fiscal and market factors and key external influences on organisational performance.

Ø identify and evaluate the design features of effective performance management information and monitoring organisational performance.

Ø appliy appropriate strategic performance measurement techniques in evaluating and improving organisational performance.

Ø advise clients and senior management on strategic business performance evaluation and on recognising vulnerability to corporate failure.

Ø identify and assess the impact of current developments in management accounting and performance management on measuring, evaluating and improving organisational performance

At the same time P4 is will give you an idea about:

Ø role and responsibility of the senior financial executive or advisor in meeting the conflicting needs of stakeholders.

Ø evaluate potential investment decisions and assesses their financial and strategic consequences, both domestically and internationally.

Ø Assess acquisitions and mergers as an alternative growth strategy and also covers financing of M&As and the regulatory framework of M&As in the UK.

Ø evaluate and advise on alternative corporate re-organisation strategies such as financial reconstruction, portfolio reconstruction and organisational reconstruction.

Ø apply and evaluate alternative advanced treasury and risk management techniques.

Ø Evaluate the impact of macroeconomics and recognises the role of international financial institutions in the financial management of multinationals.

Ø identify and assess the potential impact of emerging issues in finance and financial management.


Prajna B

[Sao]

hi

id like to knw if it is necessary to have studied f5 if one wants to take p5 as an option paper...

i was exempted from f5 as i had given 2.1 under the old syllabus...so id like to knw if i will be able to manage p5 without having studied f5

thx

sao

[SONY]

Hello do you have anything for acca paper p2 & can i have consolidation new format

[Acid]

Hi

Why do you I think P5 is better then P4 ? I am thinking between P4 and P5 as to which option to take ?

Thanks

[Prajna B]

hi

id like to knw if it is necessary to have studied f5 if one wants to take p5 as an option paper...

i was exempted from f5 as i had given 2.1 under the old syllabus...so id like to knw if i will be able to manage p5 without having studied f5

thx

sao

Hi Sao,

First of all i would like to appriciate your interest in Paper P5.

Paper 2.1 (Information System) is the old syllabus name for paper F5 (performance management). According to revised syllabus Paper 3.3 (Performance Management) has been changed to P5 (Advance Performance Management)


As you have mentioned that you have already given paper 2.1 (Information system), which is equivalent to F5 you can easily take P5 as one of your optional paper.

GTG text for P5 is completely based on the revised syllabus of ACCA .

Best of luck and Get through!!!:cute:


Prajna B