TARC ACCA 2005: tips june 2005 paper 3.3 Performance Management

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Thursday, May 19, 2005

tips june 2005 paper 3.3 Performance Management

source:- BPP

Section A
Question 1
The longer question is likely to feature some short term planning (e.g. budgeting), requiring a statement of profit or costs. It may include analysis of relevant costs and the scenario will be a substantial length. The discursive elements will draw on the scenario to illustrate models (e.g. strategic planning) and/or candidate’s own experience.
try out: 55 Fork Lift Trucks, 61 Privmed, 62 Motor Breakdown Services

Question 2
The second, usually shorter question, will cover either numerically calculations (e.g. costing) with a short discursive requirement or this part of the exam may be used to test performance measurement using KPI’s as well as more traditional performance targets.
try out: 45 Eatwell Restaurant, 41 Management Accounting and the Public Sector

Section B
It seems likely two questions will be wholly discursive, following more numerical emphasis in section A.
• If performance management hasn’t appeared in section A, a 20-mark question could
be inserted in this section.
try out: 30 Mission, 48 Internal and External Factors

• Modern Management Accounting Techniques within a scenario or specific industry
could require candidates to apply their knowledge.
try out: 20 Shipping Industry, 9 Stock Alternatives

• Finally numerical topics that could appear: learning curve, risk and uncertainty,
divisional performance (RI and ROI)
try out: 69 Producing NV3, 72 Stow Health Centre

Source: FTC UK
• Contribution based decision-making
• Practical aspects of pricing policy
• Performance evaluation – financial v. non-financial & business v. non-business
• The strategic framework
In addition to the above, the examiner has still not examined in any great depth the
content of the articles he has written for the students’ newsletter

Environmental management accounting – Jan 2004
http://www.acca.co.uk/publications/studentaccountant/107348

JIT & backflush accounting – Apr 2004
http://www.acca.co.uk/publications/studentaccountant/1143053

Management control – Sept 2004
http://www.acca.co.uk/publications/studentaccountant/2244397

Source: FTC S'pore
Lecturer - Mr Saminathan
1. Case study with CVP analysis & learning curve included to measure
financial performance.Other non financial indicators could also be
included to measure performance of a service business.
2. Divisional performance measures and rewarding of managers in
divisions.
3. Management control & budgeting in private & public sector.
4. Risk analysis in decision making.
5. Theory question on modern developments in MA & building
sustainable cost advantages.
6. Knowledge of strategy & gap analysis could also be included as
part of a question.

Health Warning! The examiners deliberately try to avoid question spotting. Just because a question featured last time, doesn’t mean it won’t feature this time. Use the tips as areas to have a good look at, but remember that no one knows what is in the exam, apart from the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.

Disclaimer : All the above are reproduced materials,all the copyright remained to the original sources and i shall not take any responsibility towards the accuracy and reliance on the tips.