To download more visit http://freeaccastudymaterial.com co m ial ter ym a • Banks of questions on every syllabus area • Answers with detailed guidance on approaching questions • Three mock exams with full answers and guidance as cc Look inside fre April 2015 £18.00 Paper P5 Advanced Performance Management Practice & Revision Kit for exams from September 2015 to 31 August 2016 Free access to our Exam Success site ea BPP House 142-144 Uxbridge Road London W12 8AA United Kingdom T 0845 075 1100 (UK) T +44 (0)20 8740 2211 (Overseas) E Learningmedia@bpp.com bpp.com/learningmedia For exams from September 2015 to 31 August 2016 Contact us Practice & Revision Kit tud ACCA Approved To download more visit http://freeaccastudymaterial.com One of a suite of products supporting Paper P5 Advanced Performance Management, for use independently or as part of a package, this Kit is targeted at ACCA’s exams from September 2015 to 31 August 2016 and contains: Practice & Revision Kit Paper P5 Advanced Performance Management This Kit provides material specifically for the practice and revision stage of your studies for Paper P5 Advanced Performance Management that has been comprehensively reviewed by the ACCA examining team This unique review ensures that the questions, solutions and guidance provide the best and most effective resource for practising and revising for the exam Advanced Performance Management BPP Learning Media is dedicated to supporting aspiring business professionals with top-quality learning material as they study for demanding professional exams, often whilst working full time BPP Learning Media’s commitment to student success is shown by our record of quality, innovation and market leadership in paper-based and e-learning materials BPP Learning Media’s study materials are written by professionally qualified specialists who know from personal experience the importance of top-quality materials for exam success ACCA P5 ACCA approved content provider ACCA APPROVED CONTENT PROVIDER join us on facebook @ fb.com/freeaccastudymaterial ACP5RK15 (RICOH).indd 1-3 09/04/2015 12:08 To download more visit http://freeaccastudymaterial.com ACCA APPROVED CONTENT PROVIDER co m As the first accredited publisher of ACCA materials, BPP Learning Media has set the benchmark for producing exceptional study materials for students and tutors alike Our Study Texts, Practice & Revision Kits and i-Passes (for ACCA F1/FIA FAB, ACCA F2/FIA FMA, ACCA F3/ FIA FFA and ACCA F4) are reviewed by the ACCA examining team and are written by our in-house authors with industry and teaching experience who understand what is required for exam success ial ter To help maximise your chances of succeeding in your exams, we’ve put together a suite of exclusive ACCA resources Our Exam Success site provides you with access to a free digital version of this publication, as well as extra resources designed to focus your efforts on exams and study methods ym a To access the Exam Success site, please email learningmedia@bpp.com with the subject line “Access to Exam Success site - eBook”, including your order reference number and the name of the book you’ve bought (ie ACCA F7 Study Text) for your access code Once you have received your code, please follow the instructions below: To access the BPP ACCA Exam Success site for this material please go to: tud www.bpp.com/ExamSuccessSite n Create a user account if you don’t already have one Make sure you reply to the confirmation email as n Log in using your registered username and password Select the paper you wish to access n Enter the code you received when prompted You will only fre ea cc have to this once for each paper you are studying join us on facebook @ fb.com/freeaccastudymaterial To download more visit http://freeaccastudymaterial.com EXAM SUCCESS SITE ial tud ym a ADVANCED PERFORMANCE MANAGEMENT ter PAPER P5 BPP Learning Media is an ACCA Approved Content Provider for ACCA qualifications This means we work closely with ACCA to ensure our products fully prepare you for your ACCA exams as In this Practice & Revision Kit, which has been reviewed by ACCA's examination team, we: Discuss the best strategies for revising and taking your ACCA exams Ensure you are well prepared for your exam Provide you with lots of great guidance on tackling questions Provide you with three mock exams Provide ACCA's exam answers as well as our own for selected questions ea cc fre Our Passcard product also supports this paper FOR EXAMS FROM SEPTEMBER 2015 TO 31 AUGUST 2016 join us on facebook @ fb.com/freeaccastudymaterial P R A C T I C E & R E V I S I O N K I T To download more visit http://freeaccastudymaterial.com co m To download more visit http://freeaccastudymaterial.com ial ter First edition 2007 Ninth edition April 2015 e-ISBN 9781 4727 2748 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library © BPP Learning Media Ltd 2015 fre ea RICOH UK Limited Unit Wells Place Merstham RH1 3LG We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions The suggested solutions in the practice answer bank have been prepared by BPP Learning Media Ltd, except where otherwise stated cc Printed in the United Kingdom by as BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA www.bpp.com/learningmedia All our rights reserved No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd tud Published by ym a ISBN 9781 4727 2696 (previous ISBN 9781 4727 1111 3) Your learning materials, published by BPP Learning Media Ltd, are printed on paper obtained from traceable, sustainable sources ii join us on facebook @ fb.com/freeaccastudymaterial To download more visit http://freeaccastudymaterial.com co m To download more visit http://freeaccastudymaterial.com To download more visit http://freeaccastudymaterial.com Contents Page Finding questions co m Question index v Topic index ix Helping you with your revision xi Revising P5 ter ial To download more visit http://freeaccastudymaterial.com Topics to revise .xii Question practice xii Passing the P5 exam xiii Exam formulae xviii Exam information xx Analysis of past papers xxi Useful websites xxiii Questions and answers ym a Questions Answers 113 Exam practice Mock exam Questions 431 Plan of attack .439 Answers .441 tud Mock exam Questions 461 Plan of attack .469 Answers .471 as Mock exam (December 2014) Questions 493 Plan of attack .503 Answers .506 ea fre Review form cc ACCA’s exam answers June 2014 527 December 2014 535 iii join us on facebook @ fb.com/freeaccastudymaterial To download more visit http://freeaccastudymaterial.com A note about copyright Dear Customer What does the little © mean and why does it matter? co m Your market-leading BPP books, course materials and e-learning materials not write and update themselves People write them: on their own behalf or as employees of an organisation that invests in this activity Copyright law protects their livelihoods It does so by creating rights over the use of the content Breach of copyright is a form of theft – as well as being a criminal offence in some jurisdictions, it is potentially a serious breach of professional ethics With current technology, things might seem a bit hazy but, basically, without the express permission of BPP Learning Media: Scanning, rip-casting or conversion of our digital materials into different file formats, uploading them to Facebook or emailing them to your friends is a breach of copyright ial Photocopying our materials is a breach of copyright ter You can, of course, sell your books, in the form in which you have bought them – once you have finished with them (Is this fair to your fellow students? We update for a reason.) Please note the e-products are sold on a single user licence basis: we not supply 'unlock' codes to people who have bought them secondhand fre ea cc as tud ym a And what about outside the UK? BPP Learning Media strives to make our materials available at prices students can afford by local printing arrangements, pricing policies and partnerships which are clearly listed on our website A tiny minority ignore this and indulge in criminal activity by illegally photocopying our material or supporting organisations that If they act illegally and unethically in one area, can you really trust them? iv join us on facebook @ fb.com/freeaccastudymaterial To download more visit http://freeaccastudymaterial.com To download more visit http://freeaccastudymaterial.com Question index The headings in this checklist/index indicate the main topics of questions, but questions often cover several different topics Where necessary, questions have been amended to reflect the new format of the exam, from June 2013 .co m Questions set under the old syllabus Performance Management paper are included because their style and content are similar to those which appear in the P5 exam They have 'PM' after the question name These questions have been amended to reflect the current exam format Questions taken from the P3 Business Analysis syllabus (when a re-alignment of syllabuses took place in 2010) are denoted by ‘BA' after the question name Exam questions set under the current syllabus are designated 'APM' after the question name Time HEG (APM 12/07, amended) 25 AB Electronics 25 ial Part A: Strategic planning and control Question Megasnack Ganymede (APM 6/12, amended) Wheeler Drinks Group (APM 12/12, amended) Godel (APM 6/14) Booxe (APM 6/14) Business process re-engineering Answer 113 45 115 25 45 118 25 45 120 25 45 125 25 45 128 25 45 133 25 45 11 137 25 45 12 141 25 45 12 143 25 45 13 147 25 45 14 149 25 45 15 151 25 45 16 154 25 45 16 156 16 CAP (APM 12/09, amended) 25 45 17 159 17 FGH Telecom (APM 12/10, amended) 25 45 19 162 25 45 20 166 ym a ter 45 10 GMB Co (APM 12/07, amended) tud 11 MKO Clothing 12 BV Entertainments 13 EEE Chemical company To download more visit http://freeaccastudymaterial.com Marks allocation (Mins) Page number 14 GHG (APM 6/08, amended) ea cc 15 F4U (APM 6/09) as Part B: External influences on organisational performance fre 18 Stokeness (APM 6/13) Finding questions join us on facebook @ fb.com/freeaccastudymaterial v To download more visit http://freeaccastudymaterial.com Page number Marks allocation (Mins) Question Answer 19 Handra 25 45 21 170 20 TREN engine components 25 21 KLP divisions 25 22 Racer deliveries 25 23 Auto Parts 25 24 Quark Healthcare (APM 12/13) 25 25 Bluefin School (APM 12/11, amended) 25 co m Time 22 172 45 22 175 45 23 177 45 24 179 45 25 182 45 26 186 25 45 28 189 25 45 28 192 25 45 29 195 25 45 30 198 25 45 31 200 25 45 32 203 25 45 34 208 25 45 35 212 25 45 37 217 25 45 38 221 25 45 39 224 25 45 39 226 25 45 40 228 25 45 42 232 25 45 43 234 25 45 44 238 25 45 45 240 43 Universal Pottery Company (BA 12/07) 25 45 47 243 44 TRG (APM 6/08, amended) 25 45 47 248 45 UU (APM 6/09, amended) 25 45 49 250 46 Albacore (APM Pilot paper) 25 45 50 253 47 Elegant Hotels (BA 6/09) 25 45 51 257 48 Equiguard (BA 12/08) 25 45 52 259 Part D: Strategic performance measurement ter 26 CFD (APM 12/09, amended) 27 ZTC Communications 28 Stayzee Hotels ym a 29 SEC 30 NCL 31 Landual Lamps (APM 6/13) 32 Alpha Division (APM 12/07) 33 Stillwater Services (APM 12/12, amended) 34 SSA (APM 12/09, amended) tud 35 Seatown 36 LGHD (APM 6/10, amended) 37 CFE coffee shops 38 Navier Aerials (APM 6/13) 40 Thebe (APM 6/12, amended) 41 There U (APM 6/09, amended) fre ea cc 42 SSH (APM 12/08) as 39 TAW (APM 6/08, amended) vi Finding questions join us on facebook @ fb.com/freeaccastudymaterial To download more visit http://freeaccastudymaterial.com 45 ial Part C: Performance measurement systems and design To download more visit http://freeaccastudymaterial.com Part E: Performance evaluation and corporate failure 45 53 262 50 Graviton (APM 12/13) 25 45 54 265 51 Bettaserve 25 45 55 270 52 Cod (APM 12/11) 25 45 56 272 53 APX Accountancy (APM 6/11, amended) 25 54 Amal (APM 6/12, amended) 25 55 B2B Deliveries 25 56 Glitter Fashions 25 57 SFS (APM 6/10, amended) 25 58 LOL cards (APM 12/10, amended) 25 59 BEG (APM 6/10, amended) 25 60 ENT Entertainments (APM 6/11, amended) 25 61 TMC (APM 12/08, amended) 25 45 58 276 45 59 279 45 60 283 45 60 285 45 61 288 45 62 290 45 ial 63 292 45 64 295 45 65 298 ter 62 Turing (APM 6/14) co m 25 25 45 66 300 25 45 67 304 25 45 68 308 25 45 70 313 25 45 70 315 25 45 72 318 25 45 74 320 25 45 75 324 25 45 77 327 25 45 78 330 72 Herman Swan & Co (APM 12/12, amended) 25 45 78 333 73 Great National Trains 25 45 79 339 63 Callisto (APM 6/12, amended) 64 Coal Creek (APM 12/12, amended) ym a 65 BPC (APM 12/07, amended) 66 RM Batteries (APM 12/10, amended) 67 NW Clothes To download more visit http://freeaccastudymaterial.com 49 Pharmaceutical Technologies (APM Pilot paper) 68 PLX Refinery (APM Pilot Paper) 69 Essland Police Forces (APM, 12/13) as 70 BPL Leisure tud Part F: Current developments and emerging issues in performance management fre ea cc 71 Mentons Finding questions join us on facebook @ fb.com/freeaccastudymaterial vii To download more visit http://freeaccastudymaterial.com 90 82 344 75 Robust Laptops (APM 12/10, amended) 50 90 84 349 76 RRR (APM 12/09, amended) 50 90 86 354 77 Lopten (APM 12/13) 50 90 88 359 78 Film Productions Co (APM 12/10, amended) 50 90 90 365 79 Mackerel (APM Pilot Paper) 50 90 92 369 80 TSC (APM 12/08, amended) 50 90 93 378 81 Lincoln & Lincoln (APM 12/12, amended) 50 90 96 383 82 BEC (APM 12/09, amended) 50 90 99 391 83 HFG (APM 6/08, amended) 50 90 101 397 84 SBC (APM 6/10, amended) 50 90 104 404 85 Kolmog Hotels (APM 6/13) 50 90 105 409 86 Cantor (APM 6/14) 50 107 416 90 ter Mock exam co m 50 Mock exam ym a Mock exam (December 2014) fre ea cc as tud Important note: Questions and in Mock exam are past exam questions from June 2012 and December 2011 respectively Even if you not attempt the full Mock exam, you are strongly encouraged to complete these two questions as part of your revision viii Finding questions join us on facebook @ fb.com/freeaccastudymaterial To download more visit http://freeaccastudymaterial.com 74 Armstrong Stores (APM, Sample question, amended) ial Section A Questions ... visit http://freeaccastudymaterial.com EXAM SUCCESS SITE ial tud ym a ADVANCED PERFORMANCE MANAGEMENT ter PAPER P5 BPP Learning Media is an ACCA Approved Content Provider for ACCA qualifications... 28, Mock Qn Performance management in complex business structures Performance management information systems Performance prism Performance pyramid Performance reports Problems of performance. .. areas tested in Paper F5 Performance Management and Paper P3 Business Analysis Revising P5 join us on facebook @ fb.com/freeaccastudymaterial xiii To download more visit http://freeaccastudymaterial.com