ACCA P5 Key to success

ACCA P5 – Nature of the 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.

Structure of the ACCA P5 paper

Part A One compulsory question 50 marks.
Part B Two from three questions each of 25 marks

Emphasis of the P5 exam

You will find that you will have already covered most of the technical content in this exam either in F2 or F5. However, the questions, particularly in Part A, present you with much more information that you would have been presented with in an F5 question. Often you are asked to devise or criticise performance measures, assess performance, criticise and improve the way in which information is presented. As suggested in the first paragraph, you have to think of yourself in the role of chief accountant or finance director rather that being in the role of an accounts assistant.

How to pass ACCA P5 Paper

Use the OpenTuition P5 lectures along with the P5 Course Notes. Make sure you know the theories and techniques and can follow the worked questions in the lectures.

When you are confident of a topic then practise as many past exam questions as you can. You will be expected to work very quickly through any calculations as these are regarded as relatively simple. The real importance in the exam is usually your critical assessment of the results of the calculations. Remember, although Question 1, in particular, often sets out a large and forbidding amount of information, you have 15 minutes reading time at the start of the exam. You should use that time to become thoroughly familiar with the longer question in Part A of the exam.

See also:

P5 Advanced Performance Management Forums - post your questions to get help from other students

Ask the Tutor – P5 Exams

Paper P5 Syllabus
Why choose paper P5
P5 Maths table
P5 Past exam papers and Pilot Paper
P5 Examiners’ reports
P5 Examiners’ guidance
P5 Technical articles
P5 Pass rates

Comments

  1. avatar says

    I sat P5 as my last exam I’ve passed all exams first time but failed in Dec-13 with 42% :( I’m not entirely sure where I have messed up in the exam I know when sitting it it was not what I expected and didn’t really cover slot of the syllabus When reading the answers they seem similar to what I put but I think maybe I waffled a bit or went off on a tangent rather than sticking to the question. Where should I start for my resit just question practice?

    • avatar says

      It is very disturbing to see so many messages about P5. I failed the first attempt with 41,but passed it in the second attempt with 71 marks. I would request all to please go through the exam technique and past exam papers available on ACCA website. The course notes and lectures on Opentuition are also very helpful. I did not attempt any mock papers in exam conditions but went through the past exam papers several times. Infact, I was working in my office the earlier day before exam, so be relaxed on the exam day hoping for the worst but give your best in the paper thinking in your mind that worst come worst you will have to resit the paper. Do not be afraid to write what you think, there are no negative marks for the wrong answer. It worked for me and I am an average guy, so it can work with all of you. All the Best.

  2. avatar says

    Failed this paper again this time I received a very low score, I also failed P4, this is the second time around, I really cant afford to take intensive courses and I have read that others have taken them and failed. This time round I attempted exam questions under timed conditions, mind mapped the whole course and reviewed them regularly. I can only think I let myself down on the exam day its self. I was aware that I P4 wasn’t going to be a success however I was shocked to see my results for this paper. There wasn’t a question I couldn’t answer, I finished within the 3hrs and to what I felt was a pass rate standard. Can someone provide advice on where I could start when facing this paper again for the third time, also would it be advisable to split the papers up or go ahead and take them together again. Thank you

  3. Avatar of sanguzulu says

    It’s sad to hear so many negative or bad experiences with P5 exams by many students. I am of the view that the paper is NOT as difficult as most students think. It is all about A & A (i.e. Analysis and Application). Relax, read the question and apply your knowledge to the seemingly real life scenario. At this level, every student should be able to apply their knowledge to specific situations. Indeed, there is no correct answer BUT there is a correct approach depending on the scenario. This paper is highly passable. I am siting it for the first time and I am definitely passing it!

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