Syllabus of P5 Advanced Performance Management (APM)
The syllabus's goal is to apply relevant knowledge, skills, and professional judgment to the selection and application of strategic management accounting techniques in various business contexts to contribute to an organization's performance planning, control, and evaluation, as well as its strategic and operational development.
The Advanced Performance Management syllabus expands on key concepts introduced in Performance Management at the Applied Skills level.
The syllabus introduces candidates to the strategic role of management accounting as a performance planning and control discipline, allowing strategic goals to be set, monitored, and controlled.
It acknowledges the impact of external factors on strategic management issues, such as performance impacts on macroeconomic, fiscal, market, and environmental issues, and covers the risks posed by these factors, as well as how they can be measured and managed.
The syllabus examines issues concerning performance management information systems and their design in the context of the strategic context of performance management and the impact of broader factors. It also discusses the impact that technological advancements will have on organizations' performance management and measurement systems.
The syllabus then moves from performance management systems to the scope and application of high-level performance measurement techniques in a variety of contexts, including non-profit organizations and multinational corporations.
Following a discussion of the strategic aspects of performance management and operational processes for performance measurement and control in a variety of contexts, applicants are required to synthesize this information in the role of a senior management consultant or independent customer about how to analyze and control an organization's performance, including recognizing when a company faces problems.
Main capabilities
Candidates must be able to do the following in order to pass the exam:
- Using strategic planning and control models, plan and monitor organizational performance.
- Considering the impact of risk and uncertainty on organizational performance
- Recognize and evaluate the design features of effective information and monitoring systems for performance management, as well as the impact of technological advances on performance measurement and management systems.
- Use appropriate strategic performance measurement techniques when evaluating and improving organizational performance.
- advising clients and senior management on strategic evaluation of business performance and identification of corporate failure vulnerabilities
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