Paper P5 - Advanced Performance Management
About the paper
Paper P5, Advanced Performance Management, is a paper in the Options module at the Professional level of the ACCA Qualification. The syllabus further develops key aspects introduced in Paper F5. It prepares candidates to apply relevant knowledge and skills, exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts and contribute to the evaluation of the performance of an organisation and its strategic development. The sections of the syllabus are as follows:
- Role and responsibility towards stakeholders: this section explains the role and responsibility of the senior financial executive or advisor in meeting the conflicting needs of stakeholders.
- Economic, fiscal and environmental factors: this section explains macro-economic, fiscal and market factors and other key external influences on the organisational performance.
- Strategic planning and control: this section explains the strategic planning and control models which can be used to plan and monitor organisational performance.
- Economic, fiscal and environmental factors: this section explains macro-economic, fiscal and market factors and other key external influences on the organisational performance.
- Performance measurement systems and design: this section identifies and evaluates the design features of effective performance management information and monitoring systems
- Strategic performance measurement: this section discusses the application of appropriate strategic performance techniques in evaluating and improving organisational performance.
- Performance evaluation and corporate failure: this section enables students to advise clients and senior management on strategic business performance evaluation and to recognise vulnerability to corporate failure.
- Current developments and emerging issues in performance management: this sectionidentifies and assesses the impact of current developments in management accounting and performance management on measuring, evaluating and improving organisational performance.
Sample Pages: Click to view large
About the GTG textbook
The book has been written and reviewed by an international team of professionally qualified subject experts. It has been designed to be as ‘student-friendly’ as possible, enabling you to get through paper P5 with the minimum of hassle. The P5 book contains the following special features:
- All learning outcomes covered in sequence according to the ACCA syllabus
- Important portions of text highlighted for ease of learning
- Interactive text containing real life examples which will help you to understand the concepts better
- Analysis of given situations and discussion on behavioural aspects of performance measurement
- Diagrams (graphs) acting as a visual aid to learning and memory retention for many difficult P5 concepts
- Synopses so that you don’t need to go through the entire text while you revise
- Quick Quiz, Test Yourself and Self Examination questions based on real life business scenarios for each Study Guide to make sure that you have enough practice for each concept
P5 is a subject requiring a lot of application of the knowledge to the day-to-day jobs of a management accountant. The text accordingly tries to equip the student to use this knowledge in his/her professional life. The practical examples (including those which relate to modern management accounting techniques) are efforts in this direction.
Overall, the GTG text for Advanced Performance Management is designed not only to help you earn marks and pass that exam but also to turn you into a “true management accountant”.
Price: £20
Suitable for June and December 2008 exams
ISBN 978-1-84808-037-9