ACCA Advanced Performance Management (APM) Exam Tips December 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 APM Exam Tips December 2018:
ACCA APM Exam Tips December 2018 Session is given below by famous tuition providers
Answer the wordy bits first, provided they don’t depend on calculations you’ve not yet done. This paper awards approx 70% of the marks for discussion, and 30% for calculations.
Watch your time management when doing the calculations. Although they are not technically complicated, they can be time consuming. Lots of practice before the exam means you should be reasonably efficient at these parts in the exam, although you may well take more time than the 1.8 minutes per mark you should theoretically allow. However, if you realise it is taking too long, make up some numbers, move on and use those figures as the basis of your discussion as you’ll get the follow through marks on that basis.
Again, no optional questions in section B.
From September Q1 will focus on a range of issues from syllabus section A (strategic planning & control), section C (performance measurement systems & design), and section D (strategic performance measurement). For section A Q1 has often requirement linking a business’s mission to its performance objectives using the concept of CSFs and KPIs. Improvement recommendations could be key here. Building blocks, performance pyramid or the balanced scorecard are also commonly tested in Q1.
Understand the purpose and limits of these models. From September one of the section B questions will come from the syllabus section E (performance evaluation and corporate failure). Commonly tested areas in section B are quality management, information reporting (big data, lean information), the application of strategic models (such as PEST, Porter’s 5 Forces, the Value Chain), HR frameworks (reward & appraisal systems), risk management and environmental management accounting.
Recent key articles have been on complex business structures, big data, integrated reporting and performance management models (BCG and 5 forces).