P5 - [2020] - Advanced Performance Management (APM) - STUDY TEXT and EXAM KIT - BPP

Syllabus of P5 Advanced Performance Management (APM)

The aim of the syllabus is to apply relevant knowledge, skills and professional judgment to the selection and application in different business contexts of strategic management accounting techniques to contribute to the planning, control and evaluation of the performance of an organization and its strategic and operational development.

At the Applied Skills level, the Advanced Performance Management syllabus further develops key aspects introduced in Performance Management.

The syllabus introduces candidates to management accounting's strategic role as a performance planning and control discipline so that strategic goals can be set, monitored and controlled.

It recognizes the impact of external factors on strategic management issues, such as performance impacts on macro-economic, fiscal, market and environmental issues, and covers the risks presented by these factors and how they can be measured and managed.

The syllabus examines the issues relating to performance management information systems and their design from an understanding of the strategic context of performance management and the impact of wider factors. It also discusses the effect that technological developments will have on the performance management and measurement systems used by organizations.

In a variety of contexts, including non-profit organisations and multi-national companies, the syllabus then moves from performance management systems to the scope and application of high-level performance measurement techniques.

After covering the strategic aspects of performance management and operational processes for performance measurement and control in a variety of contexts, applicants are then required to synthesize this information in the role of a senior management consultant or independent customers about how to analyze and control the performance of an organization, including recognizing when a company faces problems.

Main capabilities

To Completion the exam successfully, candidates should be able to:

• To plan and monitor organizational performance using strategic planning and control models
• Assessing the impact on organizational performance of risk and uncertainty
• Identify and evaluate the design features of effective information and monitoring systems for performance management and acknowledge the impact of technology developments on performance measurement and management systems.
• In evaluating and improving organizational performance, apply suitable strategic performance measurement techniques
• Advising clients and senior management on strategic evaluation of business performance and recognition of vulnerability to corporate failure

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