ACCA Performance Management (PM) Exam Tips September 2018 session given below are just intelligent guesses from exam point of view provided by famous tuition providers. These exam tips must not be relied on totally. To increase chances of success in Exams you must prepare full breadth of syllabus and topics.
ACCA PM Exam Tips September 2018:
ACCA PM Exam Tips September 2018 Session is given below by famous tuition providers
MCQ’s can come up from any syllabus area so cover the breadth of every topic.
ABC, Life Cycle Costing, Target Costing and Throughput Costing are very commonly tested topics while Environmental costing is rarely tested.
Usually, there are two questions from this area. Commonly tested topics are
– Relevant Costing
– Cost Volume Profit Analysis
– Limiting Factor
– Make or Buy or Shutdown Decisions and other Short term decisions
– Dealing with Risk and Uncertainty
There are two questions from this area. Variances analysis is more commonly tested topics while Budgeting is also tested off and on. Every exam has some variances in it and could be basic or advanced variances.
Performance evaluations is another area where questions always come up – very hard to learn a set method as each one is different. The important thing is to read the question carefully and make sure you link your analysis to the scenario. Commonly tested areas are
- Transfer Pricing
- Balance scorecard
The examiner does not like students who simply quote from the textbook, writing information that is not relevant to the question. The examiner also likes you to have an opinion – has the company done well or not? Clearly state your opinion and reasons why it is so.
When it comes to section C expect to see budgetary systems, planning and operational variances, mix and yield variances and evaluation of the company performance (either as a whole or on a divisional basis. Given this is a performance management paper you would be advised to be prepared to evaluate some performance! The exam is approximately 40% calculation and 60% discussion, meaning that it is not sufficient to be able to perform all of the calculations. Interpretation and application are crucial, especially in section C.