Aim

The aim of ACCA PM Performance Management (formerly F5) is to develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control.

Objective of the Syllabus

• Explain and apply cost accounting techniques.
• Select and appropriately apply decision-making techniques to facilitate business decisions and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks.
• Identify and apply appropriate budgeting techniques and methods for planning and control and use standard costing systems to measure and control business performance and to identify remedial action.
• Identify and discuss performance management information and measurement systems and assess the performance of an organisation from both a financial and nonfinancial viewpoint, appreciating the problems of controlling divisionalised businesses and the importance of allowing for external aspects.

Exam Format

The ACCA PM Performance Management syllabus is assessed by a three-hour computer based examination. All questions are compulsory. The exam will contain both computational and discursive elements. Some questions will adopt a scenario/case study approach. Candidates are provided with a formulae sheet. The total exam time is 3 hours. Prior to the start of the exam, candidates are given an extra 10 minutes to read the exam instructions. Section A of the exam comprises 15 objective test questions of 2 marks each. Section B of the exam comprises of three case style questions. These each contain five objective test questions which are based around a common scenario. Section C of the exam comprises two 20 mark constructed response questions. The two 20 mark questions will come from decision-making techniques, budgeting and control and/or performance measurement and control areas of the syllabus. These questions may also include requirements related to the information systems area of the syllabus. Section A questions and the questions in section B can cover any areas of the syllabus.

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