Why choose the P5 paper?
To complete the ACCA Qualification exams you must complete three Essentials papers (P1, P2 and P3) and then complete two from four Options papers (P4, P5, P6 and P7). The Options papers cover in depth the specialist areas of professional accountancy, namely: financial management; performance management; tax; and audit and assurance.
P5 Advanced Performance Management is designed to enable candidates to learn relevant knowledge, techniques and skills relating to strategic performance management techniques and systems.
If you have work experience in this area, or have ambitions to work in performance management, then this exam could be a good choice for you.
You should also think about how comfortable you are with the fundamental areas of performance management. There are materials in the section below which will help you reflect on the basic understanding of performance management and make a decision as to whether P5 is right for you.
Helping you pass this paper
Getting to grips with the fundamental areas of performance management will really help you succeed at P5.
The paper is mainly underpinned by F5 Performance Management. You can see the relationship between P5 and these two exams in the Essential underpinning knowledge for Options papers document.
ACCA has found that if you have a good knowledge of F5 then you are more likely to pass P5. New materials available from Kaplan, one of our Gold Approved Learning Partners – content, have been designed to help you understand the relevant fundamental knowledge underpinning the Options papers. These materials will be a worthwhile investment before you begin studying for the Options papers.
For more information on Kaplan’s Options papers products, visit the Kaplan website
Making the best options choices
The options papers are the final exam hurdle. Peter Redfern, ACCA qualifications manager, explains how choosing options papers which you are most comfortable with will, hopefully, improve your chances of success.
Download the Making the best options choices guide: