Day: April 1, 2021

Assumed knowledge   This   builds on your knowledge of performance reports from PM.   2      Introduction   In the previous   we discussed the managers’ requirement to access good information in order to be able to effectively plan, direct and control Read More …

  1         Introduction   Managers need access to good information in order to be able to effectively plan, direct and control the activities that they are responsible for. The first part of this   focuses on the sources of management information Read More …

Knowledge from other ACCA exams   4 builds on the knowledge of organisational structure and the value chain from the SBL exam.   2         Introduction   In this   we will look at the information and information system requirements of different Read More …

Assumed knowledge   3 builds on the following knowledge from PM:   Absorption costing and activity-based costing   Budgeting   Standard costing and variances     2      Introduction   In   1 we said that ‘performance management is any activity that Read More …

Assumed knowledge   2 builds on the following knowledge from other exams:   PM SBL Risk and uncertainty including: • Stakeholders • expected values (EVs) • Porter’s 5 forces and PEST • maximax • maximin • minimax regret   2      Read More …

Introduction to Advanced Performance Management (APM)   APM will require you to assess different approaches to performance management from a variety of perspectives. This will require you to know what the approaches are and, more importantly, you should be able Read More …

Introduction to strategic management accounting Environmental influences Approaches to budgets Business structure and performance management The impact of information technology Performance reports for management Human resource aspects of performance management Financial performance measures in the private sector Divisional performance appraisal Read More …

Test your understanding 1   You are the audit manager in charge of the audit of Hydrasports for the year ending 31 December 20X4.   Hydrasports, a limited liability company and national leisure group, has sixteen centres around the country Read More …

IAS 1 Presentation of Financial Statements   This standard provides formats for the statement of profit or loss and other comprehensive income, statement of financial position, and statement of changes in equity.   Accounting policies should be selected so that Read More …

Exam focus   This    is relevant to students taking the UK variant of the exam only.   Insolvency will not appear in every exam.   The Insolvency Act 1986 has been updated by the Insolvency Rules 2016. The rules apply Read More …