ACCA Exam Tips

ACCA P5 TIPS FOR DEC 2013 EXAMS BY ELIOTT BETTS

  1. Performance measurement. All areas of performance measurement have been tested and are tested regularly. The paper can feature performance measurement heavily and so you must ensure you cover all areas related to this core aspect of the paper. Possibilities for December 2013 include comparing performance of a profit seeking company vs a NPO, Performance Pyramid and problems associated with measuring performance (Gaming, myopia etc).
  2. Decision making. Appraisal methods such as NPV and MIRR, analysis of risk.
  3. Quality management.
  4. Budgeting and a comparison with a beyond budgeting philosophy
  5. Strategic planning models.

Central themes at P5 mean you must always be able to contrast traditional approaches to performance management with more modern ones, financial with non financial and internal vs external factors.

Also ensure you revise on information technologies and the various MIS available to companies today.

ACCA Preparatory Course

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