Acca
ACCA Paper P5
Advanced Performance Management
Class Notes December 2012
© Interactive World Wide Ltd, December 2011 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Interactive World Wide Ltd.
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Contents
PAGE
INTRODUCTION TO THE PAPER FORMULAE & TABLES PROVIDED IN THE EXAMINATION PAPER CHAPTER 1: CHAPTER 2: CHAPTER 3: CHAPTER 4: CHAPTER 5: CHAPTER 6: CHAPTER 7: CHAPTER 8: CHAPTER 9: STRATEGY STRATEGIC MANAGEMENT ACCOUNTING DIVISIONAL PERFORMANCE INDICATORS TRANSFER PRICING DESIGN OF PERFORMANCE MANAGEMENT SYSTEMS DECISION - MAKING NON-FINANCIAL PERFORMANCE INDICATORS BUDGETING MANAGEMENT INFORMATION SYSTEMS 5 9 13 29 43 59 71 83 101 123 135 151 161
CHAPTER 10: STRATEGIC OPTIONS APPENDIX – ANSWERS TO QUESTIONS & EXAMPLES
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Introduction to the paper
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IN T R O D U C T I O N T O T H E P A P E R
AIM OF THE PAPER
The aim of the paper is to apply relevant knowledge, skills, and exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts and to contribute to the evaluation of an organisation and its strategic development.
OUTLINE OF THE SYLLABUS
1. 2. 3. 4. 5. 6. Strategic planning and control Economic, fiscal, market and environmental factors Performance measurement systems and design Strategic performance measurement Performance evaluation and corporate failure Current developments and emerging issues in management accounting and performance management
FORMAT OF THE EXAM PAPER
The syllabus is assessed by a three-hour paper-based examination with an additional 15 minutes of reading and planning time The examination consists of: ● ● Section A – two
Advanced Performance Management
Class Notes December 2012
© Interactive World Wide Ltd, December 2011 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Interactive World Wide Ltd.
2
www.studyinteractive.org
Contents
PAGE
INTRODUCTION TO THE PAPER FORMULAE & TABLES PROVIDED IN THE EXAMINATION PAPER CHAPTER 1: CHAPTER 2: CHAPTER 3: CHAPTER 4: CHAPTER 5: CHAPTER 6: CHAPTER 7: CHAPTER 8: CHAPTER 9: STRATEGY STRATEGIC MANAGEMENT ACCOUNTING DIVISIONAL PERFORMANCE INDICATORS TRANSFER PRICING DESIGN OF PERFORMANCE MANAGEMENT SYSTEMS DECISION - MAKING NON-FINANCIAL PERFORMANCE INDICATORS BUDGETING MANAGEMENT INFORMATION SYSTEMS 5 9 13 29 43 59 71 83 101 123 135 151 161
CHAPTER 10: STRATEGIC OPTIONS APPENDIX – ANSWERS TO QUESTIONS & EXAMPLES
www.studyinteractive.org
3
4
www.studyinteractive.org
Introduction to the paper
www.studyinteractive.org
5
IN T R O D U C T I O N T O T H E P A P E R
AIM OF THE PAPER
The aim of the paper is to apply relevant knowledge, skills, and exercise professional judgement in selecting and applying strategic management accounting techniques in different business contexts and to contribute to the evaluation of an organisation and its strategic development.
OUTLINE OF THE SYLLABUS
1. 2. 3. 4. 5. 6. Strategic planning and control Economic, fiscal, market and environmental factors Performance measurement systems and design Strategic performance measurement Performance evaluation and corporate failure Current developments and emerging issues in management accounting and performance management
FORMAT OF THE EXAM PAPER
The syllabus is assessed by a three-hour paper-based examination with an additional 15 minutes of reading and planning time The examination consists of: ● ● Section A – two