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Hello OpenTuition forumers,
Kindly read the latest Technical Articles posted by Alex Watt on what he expects P5 students to be prepared before taking on the exam paper. These two articles are highly important for you to read if you want to increase your chances of passing.
1. https://www.accaglobal.com/content/dam/acca/global/PDF-students/2012s/sa_oct12_p5_dec12_approach.pdf
2. https://www.accaglobal.com/content/dam/acca/global/PDF-students/2012s/sa_oct12_p5_approach.pdf
You might have been thinking: “What? TWO Examiner’s Approaches??” Well, here’s the solution to this Da Vinci Code…
The similarity between the below two Examiner’s Approaches discussed on the common misinterpretation done by students (ie. commenting one number goes up, and one number goes down without a detailed analysis) and the emphasis on considering the broader picture of the question. The element of computational work however will be kept intact.
Another fact has been reminding students not to regurgitate models and ‘answering their own question’. Students must apply the model closely to the facts presented in the case – simply, if your answer doesn’t help add value to the company in question, chances are you won’t score highly.
One special note goes to the fact that as P5 syllabus has very few changes over the years, all Technical Articles from the year 2004 are very relevant (ie. Graham Morgan’s 2005 “Performance Measures to Support Competitive Advantage” was examined , 7 years later (*gasp*) in June 2012 exam). He also hinted that issues featured in newer Technical Articles will also be examinable.
The most important difference, of course is the change in the exam format from June 2013 onwards.
The old exam format (Dec 2012 exam ONLY) is:
Section A – 2 compulsory Qs
Section B – A choice of 2 out of 3 QsThe pilot paper for exams up to Dec 2012 is as below:
https://www.accaglobal.com/content/dam/acca/global/pdf/p5_2006_dec_pilot_q_and_a.pdfThe new exam format (June 2013 ONWARDS) is:
Section A – 1 compulsory Q
Section B – A choice of 2 out of 3 QsAll three questions in June 2013 will feature longer case studies as a result. A new pilot paper has been released for the June 2013 exam.
https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p5/exampapers/p5-pilot.pdfConclusively, Alex Watt loves to use his often-so-repeated quote – “It’s NOT a performance measurement paper, it’s a performance management paper.”
ps: Reply to this thread to acknowledge you have read the articles. 🙂
Do a quick refresher of everything F5, and work your way in P5 from Chapter 1. OT’s lecture videos should help you easily get started. If you haven’t read up on your financial press, it’s a good time to do so now.
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@ angryhamtaro
Cheers for sharing the useful info.
Wish if you take some time out & start helping US on every THURSDAYS @ 8PM UK time?!?!?!
Basically we’re aiming for a REVISION session, to be organised for students doing RESIT!!
We would really value if you could take 60mins out of your precious time & let us benefit from your sheer P5 knowledge !!!!
Anyone else thinking the same PLEASE PLEASE ” say yes” we want angryhamtaro as our WEEKLY Mentor on Opentuition!!!!????
Best regards,
CNBCyeah right! we need such insights. how can these papers be doing us so bad when we are almost at the mountain tip. Thanks to OT for the insights we are greatly inspired by your services.
I have just finished reading both articles and they are well explained. now i know that this paper is about the measuring the performance of companies assessing how current system of their performance management is doing, by using the mentioned model if any and suggesting ways of improvements to meet the corporate objectives of the company.
i salute Mr. Alex Watt for trying to help us in tactling the exam papers or rather helping us know his examining style.
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