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 ACCA Paper P5 – Advanced Performance Management in a Day

24 hours of questions June 2013

The time allowed is not the time to complete the question (that’s 1.8 mins per mark) but is the time to dothe question and review it! The checklist column is for you to use to mark questions as done. There is anemphasis on the questions set by the new examiner.

Question

number

Question name Purpose of question/

area examined

Timeallowed

High priority questions

91 Robust Laptops  ABC and beyond budgeting 100 mins

22 FGH Telecom Data analysis in the context of environmentalmanagement accounting.

50 mins

97 JHK CoffeeMachines

Divisional performance & transfer pricing 100 mins

Mock Exam3 Q3

PharmaceuticalTechnologies

 Application and discussion of the balancedscorecard

50 mins

65 APX Account ancy  Application & discussion of the building blocksmodel

50 mins

72 LOL Cards Value based management / EVA. 50 mins

81 RM Batter ies Corporate failure with data analysis and z scores. 50 mins 

Mock Exam

3 Q4

PLX Refinery Environmental management accounting - plan only 30 mins

Medium priority

94 Film ProductionsCo

CSFs and KPIs – an unusual Q1 with no numbers – plan only

60 mins

92 RRR Beyond budgeting with numbers 100 mins

35 CFD Strategic models & CSFs factors. Plan only. 20 mins 

7 Ganymede Benchmarking and the use of league tables 50 mins

73 BEG  Application of the performance pyramid 50 mins

Mock exam

3 Q1

Mackerel Uncertainty & risk (i-iii) 70 mins

67 Amal  Application of the performance prism 50 mins

34 Bluefin School Information controls over processing and reporting – plan only

30 mins

Mock exam3 Q2

 Albacore Performance measurement & reward 50 mins

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Low priority

19 F4U NPV & risk 50 mins 

95 Metis Financial performance measurement; importanceof short and long term performance

100 mins

Mock Exam2 Q3

SS EVA calculations and discussion with stakeholders 50 mins

100 HFG Financial performance measures & benchmarking. 100 mins

43 SSA Transfer pricing 50 mins 

45 LGHD Value for money issues. Plan only. 30 mins

51 T4UC  A question on Six Sigma – plan only 30 mins 

71 SFS  Activity based management. 50 mins

80 BPC Porters 5 Forces & performance indicators – planonly

20 mins 

Total hours  24

What to expect on your Question Day

 A Question Day is very different to a revision course. It is the final step in ensuring you are as prepared

as possible for exam success.

The objectives are two-fold: -

• To experience real exam conditions and truly test how well prepared you are

• To pinpoint specific improvement areas through 1:1 feedback from your tutor/marker

During the day you will: -

•  Be reminded of the key exam skil ls you need to pass your exam.

•  Attempt a full mock exam without a ‘helping hand’ from your tutor - so you experience the real

pressures you’ll face in the real exam.

•  Get a true understanding of how good you are at time management and what you need to do

differently on exam day.

•  Receive a mark per question/in total along with specific feedback on practical steps you can

take to improve your performance.

•  Be taken through a full debrief  of the exam, where you will be shown where the easy marks

were, pitfalls to avoid, how to interpret the requirements, and how best to plan and layout your

answers.

•  Have the opportunity to discuss your script on a 1:1 basis with your tutor/marker

You should come to your Question Day as if it were the real exam. At this late stage in your studies your

aim must be to fine tune your exam technique and how you apply your knowledge – so come to your

Question Day as prepared as possible. This is the best way to ensure success in the real exam.