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ACCA Paper P5 – Key to success
Nature of the ACCA P5 paper
ACCA P5 Paper – Advanced Performance Management – is concerned F2 and is concerned with managing the business so as to achieve better performance. Most of the topics were introduced in Paper F2 and F5, but are examined at a higher level. This does not mean that any calculations are more difficult, but you are now at a management level and should show a greater critical awareness of the difficulties in measuring and management performance.
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Free ACCA P5 Lectures
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ACCA P5 Articles
The reason that Paper P5 gives problems for many students is that the examiner assumes knowledge of most of the topics that are examined at Paper F5, although these are not specifically mentioned in the syllabus.Watch also lectures which cover the most important topics from the F5 syllabus needed for P5.
Examiners Recommended Reading
C Drury Management and Cost Accounting (6th Edition) International Thomson Business Press
J Hope, R Fraser Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap (1st Edition) Harvard Business School Press
These books are recommended by the examiner. If you are having problems with a particular paper, or if you want to do extra reading out of interest, then you might them useful.
The most efficient way of obtaining them is from Amazon in the UK.