Performance Management-PM

Read all technical articles related to Performance Management-PM of ACCA along with Exam tips and examiners comments.

Approaching PM constructed response questions

This article identifies the reasons why sitting the F5 exam seems to cause such a problem for students. Introduction Students often find the constructed response questions in Section C of the Performance Management exam challenging. The purpose of this article is to identify the reasons why sitting the Performance Management exam seems to cause such a problem for students and try …

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Top tips for the Performance Management exam

This article outlines the key skills considered essential to passing. The overall concept of the Performance Management syllabus is that it builds from topics that you have learnt from the Management Accounting (MA) exam, gives you more management accounting techniques and focuses on the core fundamentals of performance management. It is important to remember that this is a performance management …

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Objective questions for session CBEs

What you need to know about the objective test questions for session CBEs for PM, TX, FR, AA and FM. What you need to know about the objective test (OT) questions in Session CBE format exams for: Performance Management (PM) Taxation (TX) * Financial Reporting (FR) Audit and Assurance  (AA) Financial Management (FM) * UK version only How many marks …

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Examiner’s approach to Performance Management

Relevant to candidates sitting Performance Management from September 2019 The aim of the Performance Management exam is to develop knowledge and particularly skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision making, performance evaluation, and control. Syllabus structure, rationale and relational diagram Relationship between MA, PM and APM examsThe syllabus for Performance Management, builds …

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Not-for-profit organisations – part 2

Relevant to F1, F5, F7, F8, P2, P3 and P5 The term ‘charity’ refers to the practice of benevolent giving. Charities are established for general or specific philanthropic purposes. They are one type of not‑for‑profit organisation, but with several additional distinguishing features: they exist entirely to benefit defined groups in society as their purposes are philanthropic, they can usually avail …

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Not-for-profit organisations – part 1

Relevant to F1, F5, F7, F8, P2, P3 and P5 Several exams in the ACCA Qualification may feature questions on not-for‑profit organisations. Although many of the principles of management and organisation apply to most business models, not-for-profit organisations have numerous features that distinguish them from the profit maximising organisations often assumed in conventional economic theory. This article explains some of …

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Materials mix and yield variances

Some tips to help alleviate students’ fears of variance analysis Since long ago, variance analysis has been an area that evokes fear in students worldwide. Students enter the exam hall, desperately running through the formulae used to calculate all the different variances, fearful of forgetting them before they have managed to put pen to paper. Then the inevitable happens: they …

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The learning rate and learning effect

The purpose of this article is twofold: first, it is to summarise the history of the learning curve effect and help candidates understand why it is important. Second, it is to look at what past learning curve questions have required of candidates and to clarify how future questions may go beyond this. A brief history of the learning curve In …

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Comparing budgeting techniques (Incremental v ZBB)

This article critically evaluates the two main methods for preparing budgets – the incremental approach and the zero-based approach. The budgeting process is an essential component of management control systems, as it provides a system of planning, coordination and control for management. It is often an arduous process, however, and often strikes dread in the hearts of those involved in …

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Decision trees

This article provides a step-by-step approach to decision trees, using a simple example to guide you through. There is no universal set of symbols used when drawing a decision tree but the most common ones that we tend to come across in accountancy education are squares (□), which are used to represent ‘decisions’ and circles (○), which are used to …

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