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ACCA P5 Exam Tips for June 2015 Session | Acca Study Material

ACCA P5 Exam Tips for June 2015 Session

This article provides Acca Exam Tips For P5 For June 2015 Session. In this article following content is provided Acca Exam Tips By Kaplan, Acca Exam Tips By Bpp, Acca Exam Tips By Lsbf, Acca Exam Tips By First Institution, Acca Exam Tips By Open Tuition, Acca Exam Tips By Becker Professional Education, Acca Exam Tips By MM University and Acca Exam Tips By Many Other Top Institution Providers And Tutors.

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ACCA P5 Exam Tips:

ACCA P5 Advanced Performance Management Exam Tips for June 2015 session are given as follows by famous tuition providers


– Benchmarking.
– CSFs and KPIs.
– Modern role of management accountant.
– Rewards and evaluation of a performance management system.
– Evaluation of a performance measurement system.
– Divisional performance appraisal.
– Corporate failure.
– Performance Prism or building block.
– NFPOs.
– EMA.


Q1: section A (50 marks) contains one compulsory question. In recent exam Q1 has often required a significant level of data analysis using numerical techniques, eg KPIs, EVA. Any numerical techniques in this paper (eg transfer pricing, ratios, residual income, analysis of quality related costs, ABC) need to be mastered to prepare yourself for this question.

Performance management frameworks (eg Balanced Scorecard) are also commonly tested in Q1. The balanced scorecard and the buildings blocks are due to be tested.

Q2-4: In section B (2 25 mark questions from a choice of 3) commonly tested areas include quality management, information reporting (eg CSFs and KPIs), the application of strategic models (such as PEST, Porter’s % forces, the Value chain), HR frameworks (eg reward & appraisal systems) and risk management.

Keep checking the ACCA website for articles in the lead up to exam, these are often tested.


  • Performance measurement and performance appraisal for profit-seeking organisation.
  • Identify the strategic objectives, CSF, KPI and changes in PESTEL factors and comment on the suitability of appraisal techniques and KPIs suggested and recommend appropriate changes.
  • Benchmarking competitor firms may be part of the case scenario. Possibly, the difficulties of performance measure may will examined.
  • Use both financial ratios (such as EPS, ROCE, ROI, RI and EVA) and non-financial performance indicators (NFPI) on quality and efficiency to give a comprehensive performance measurement and suggestion for improvement.
  • So be familiar with the adjustments to CE and PAT when calculating EVA.
  • Performance measurement models such as balanced scorecard (4 Perspectives), building block model (dimensions, standards and rewards) for service provider and the performance pyramid.
  • Strategic planning models such as Porter’s 5 Forces, Ansoff Product-Market Matrix and BCG Matrix.
  • Apply McKinsey’s 7S model for implementing effective change by listing the hard and soft elements.
  • The case scenario may test staff appraisal, reward system, human resource management and behavioural aspects in performance measurement and to identify and overcome dysfunctional behaviours. This area of the P5 syllabus may be linked to budgets (see below).
  • Budget theory on traditional budgets (fixed & incremental budget), beyond budgeting (rolling budget + NFPI) by Hope and Fraser and the use of other modern budgeting methods such as ZBB and ABB.
  • Transfer pricing between divisions, suggest optimal transfer price, calculate the total profit of the entire organisation and comment on the impact of changing the existing transfer prices.
  • Change the existing absorption costing (AC) to activity-based costing (ABC) and activity-based management (ABM) with the introduction of information system.
  • Improve quality at the organisation using TQM, Six Sigma (DMAIC), Kaizen and JIT.
  • Identify quality cost – conformance cost: prevention cost, appraisal cost; non-conformance cost: internal failure cost, external failure cost. The case may include opportunity cost of poor image and reputation.
  • Risk appetite and expected value in decision making in uncertainty. More than one topic would appear in one exam question.

First Institution

  • Critique an existing performance management system and the performance hierarchy.
  • Transfer pricing.
  • ROI, RI and EVA.
  • Activity based principles.
  • Budgeting.
  • Performance management models (performance pyramid or building block model).
  • Value based approaches to performance management


– Balanced scorecard
– Transfer pricing
– Quality
– Learning curves

Beckers Professional

– Budgeting.
– Economic value added.
– Activity based management.
– Fitzgerald & Moon building block model.
– Information systems.

Manchester Metropolitan University MMU

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Acca Exam Tips provided from famous tuition providers may be amended to make them easier to understand and read. We try our best to provide everything that is provided to us but we cannot guarantee that this information is 100% accurate. Exam Tips are just intelligent guess and must not be relied totally. Do full preparations of your subject to pass it.

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