Forums › ACCA Forums › ACCA APM Advanced Performance Management Forums › Finally I can understand what Alex Watt want in P5, i passed p5 at 75 marks.
- This topic has 71 replies, 56 voices, and was last updated 4 years ago by alessandrozita.
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- February 19, 2015 at 9:22 am #229152
Hi,
Is there any publication or magazine that you can recommend? I noticed that Rohan quoted a lot of practical examples in his advice and was wondering how one can follow real life stories of business cases, in preparation for a P5 exam
February 19, 2015 at 9:32 am #229155Steven,
Yes all markers/tutors I have heard from have recommended starting from Question 1, however optional questions you can be done in any order once you have attempted the first question.
Best of luck
RFebruary 19, 2015 at 9:44 am #229160llmage,
I would recommend reading 25 mins any business news paper daily, instead of reading sports or celebrity news. If you want to take further interest into commercial companies, then log into “Google Finance” with your Google account and add 10 of your favourite listed companies in virtual portfolio . Then over time track their share performance, ratios and relevant news of those companies.
All this tools are readily available on Google Finance, it will take you less than 2-3 hours how to use the site and choose those company’s that differ in industry .
Let me know if you struggle understanding Google Finance.
R
February 19, 2015 at 2:11 pm #229196My sense is that some case studies are derived from real companies, this would probably have been a story which made the headlines and would have been running for a while. If I choose specific companies, I might miss the big stories.
Would Google Finance carry detailed general company news?
February 20, 2015 at 7:48 am #229275Roro,
Under Google Finance , I was able to select the UK company news. ThanksApril 29, 2015 at 9:31 pm #243306Hi All, sorry for not sharing with you more details about my experience in P5 after my previous posting. I just got STA in another country right after completing ACCA subjects and it took me time to catch up new things in new job. But today, ACCA Jun exam is coming, I recall my pressure before exam and search google for Alex Watt… then I see all your questions and answers.
I believe that all of you already passed P5 in Dec 2014 exam, thank to precious advices of roro on 10 Nov 2014. I can’t tell you more than that.
However, I still want to tell you and send my gratefulness to my P5 lecturer, Mr. Tze Kang Chan at FTMS Hanoi.
Until now, I still remember some of his lecture about performance measurement and management. Among all subjects of ACCA, I keep best memory about P5, not only because it’s the last subject but also due to its applicability in my current job.
P5 is all about performance of Organization and people in that org. But you have to define:
1. what are performances of org? (it depends on org’s strategy, vision => its critial success factors) and those performance must include things in pairs: financial – non financial; long term – short term, internal – external ==> to get sustained development of Org. Be careful with performance measurement as it always goes with problems (gamings, tunnel vision, mispresentation, measure-fixation….)2. In P5 questions, there are always organizations facing problems or considering changes (because changes in PESTEL, 5 forces….) you have to find out what are their problems? How to change? what model should be applied? Be careful! It’s not always new model better than traditional model. One doesn’t fil all.
3. Once the org decides to change =>7s is applied, see good things and bad things. Recommend how to deal with bad things
4. Alex Watt is brilliant. He does his own business and has wide knowledge about various business industry from manufacturing, service (hospital, education) and IT. He can mention Lean process, ERP,… you should prepare knowledge for this. Try to spend time on Financial times, The economist to catch up what’s going on in economies and big groups. You can ask yourself what is the source of wealth for some famous company like Google, Apple, ABB, what are their critical success factors? their KPIs? why KPIs may change time to time?
5. Practice as many as you can, discuss your thinking, opinions about 1 question and how you plan to answer with your friend (better with your lecturer) to see if you get right direction. When you are clear what is asked and know how to answer, just keep your sentence short and simple but illustrate it with specific proof, don’t just state your opinion without evidence.
P5 is hard but fruitful when you take it, understand it and pass it. Good luck!
May 29, 2015 at 12:45 pm #250204Big TNX to u Rohan
Very useful tips
RohanAugust 1, 2015 at 12:34 pm #264336Passed second attempt – 66% – easily the most challenging paper to maange time and put relevant answers…
A couple of things that I picked up from speaking to a P5 marker that might help people score those vital 1/2 more points or create more time for question 1 to scrape a pass:
1. Don’t ever write a conclusion
Despite the examiner comments about “extra credit given where reasonably attempted” – they never give the extra 1 mark, 4 presentation marks require the standard titles, introduction and the use of sub headings. The introduction is important, if done properly, no concluding statement is even required as you are telling the reader what to expect and where it ends. You won’t for example get 4 marks if you forget to do a basic introduction but put a good conclusion with loads of writing.
Report
Date
From
To
SubjectIntroduction
Heading 1
Heading 2
2. If you have a calculation question, you must write something – it is a report, if you just put the figure in without writing a sentence or 2 to explain to the reader the significance – you will be throwing away marks. You may even get credit for your explanation even if you got the calculation wrong – you must give a recommendation or answer if directed to in the question (e.g. the board is considering 1 of 2 options).
Just calculating the break-even without saying anything about it probably throws away 2 marks.
Good luck everyone
August 3, 2015 at 1:40 pm #265117AnonymousInactive- Topics: 0
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Hey give me advise how to pass this paper. i wrote this paper for 6 times. i need help. tiffy_mahabir@hotmail.com
August 3, 2015 at 1:45 pm #265119Hi.
U must change p5. I failed it 7th times and now i will change it and pass P6 (In Sha Allah)
August 23, 2015 at 8:16 am #268194Rohan, it is great technique “What”, “How”, “Risk/Implication” and hope to apply in the next exam.
August 23, 2015 at 8:29 am #268195Minh, appreciate if you could share your thoughts and technique that you learned from your lecturer.
August 27, 2015 at 6:30 pm #268823Fantastic response Rohan…. have you thought of lecturing for p5? you’ll be a great lecturer.
August 27, 2015 at 6:32 pm #268824uumm p6 is also a tough paper… not easy at all. The course content is huge compare to p5 and there’s a lot to learn .
I initially thought p6 was going to be easy because I though it was mostly all calculations – wrong!
The tax lecturer at Kaplan really helped and he was brilliant (can’t remember his name). I passed on my 3rd attempt 🙁
September 17, 2015 at 11:09 am #272267AnonymousInactive- Topics: 0
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congrats! plz share ur materials at duronto87@gmail.com
October 15, 2015 at 2:12 pm #276524THANKS A LOT!!!!!
October 17, 2015 at 9:32 am #276781AnonymousInactive- Topics: 0
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Thank you Rohan and Minh for detail guidance
December 3, 2015 at 1:33 am #287107AnonymousInactive- Topics: 0
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Thanks Rohan. Great advice
Thanks all.January 3, 2016 at 11:36 am #293345Hi guys is anyone selling bpp acca p5 course notes
January 19, 2016 at 1:43 pm #296269Thank you Rohan….
February 3, 2016 at 11:22 am #299080@mkaruga don’t be frustrated I feel the same you learn the subject but exams is something else
March 7, 2016 at 4:05 pm #304076AnonymousInactive- Topics: 0
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Thanks for detailed explenation
April 20, 2016 at 9:38 am #311855Congrats! You have given me hope.
April 20, 2016 at 9:44 am #311856Hi I have not attempted this paper in years. Please send me notes and guidance on how to approach P5 at 2bbarrett@gmail.com. Thanks
April 25, 2016 at 4:11 pm #312638AnonymousInactive- Topics: 0
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thank you for sharing your thought Rohan!! 🙂
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