The ACCA P5 Paper is part of the Professional (P) Level Options Module, and it revolves around proper business management for better work performance. Most of the concepts that will be discussed in P5 were already introduced in F2: Management Accounting and F5: Performance Management. With P5: Advanced Performance Management, calculations and analyses are not necessarily more complicated, but instead, they are examined from a managerial perspective. This paper aims to show the problems encountered in terms of measuring the performance of various managements.
Since taking this exam is optional, it is advisable that students have good knowledge of the concepts discussed in the F2 and F5 modules to fully understand the techniques and methods that will be tackled in P5.
Objectives of the ACCA P5 Syllabus.
The aim of the ACCA P5 Module is to help students exercise their skills and knowledge in the context of various business endeavours. They will also learn how to apply judgment when it comes to dealing with serious management matters. In addition, the P5 module will also discuss topics that will enable students to know how to evaluate an organisation's performance together with its strategic development.
Some topics included in the P5 Paper are: strategic planning, performance measurement systems, performance evaluation, and current developments regarding performance management.
ACCA P5 Past Papers.
ACCA's official website includes P5 Pilot Papers from December 2012 and June 2013. They also have questions and answers from the December 2007 up to the December 2012 examinations. These were the actual exams taken by students during those times, so downloading them from the site is certainly advisable to make students more confident for the upcoming exams. The site has also been updated to include the questions from the June 2013 exam.
The P5 Examination.
The P5 examination is divided into two parts, Parts A and B. Part A has two compulsory questions worth 60% of the whole exam. Familiarity with F5 topics is highly recommended because students will be dealing with performance measures. Part B, on the other hand, requires the examinee to answer two out of the three questions worth 20 marks each, so this will make up 40% of the exam. To be able to answer this exam with best results, examinees must think of themselves as finance directors rather than accounts assistants.
Answering the P5 Exam.
In answering the P5 exam, students must be able to deal with numbers and data analyses to come up with good assessments on the case studies. However, limited time is given to read through the questions so it is extremely important to practise with past papers to be comfortable and confident during the actual exam.
Passing Rates for ACCA P5 Module.
The average passing rate for the ACCA P5 Module is 37.00% since December 2007. Those who wish to be part of the small percentage of passers should make sure that they study really hard for the P5 examinations. The good thing is, there are many study materials out there that can help them achieve that.
Reviewing for the ACCA P5 Examinations.
Taking the ACCA P5 exam is not compulsory, so those who have decided to take it must make sure they have adequate background on measuring performances in business. ACCA's official website gives people access to P5 past papers, and it also offers study guides and technical articles. They have also updated their website to include the latest questions from the June 2013 exam. OpenTuition's website, on the other hand, offers valuable lecture notes for the upcoming examinations.
Author Resource:
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