ACCA Performance Management (PM) FAQs

1. What is the format of the Performance Management (PM) exam?

The Performance Management (PM) exam consists of three sections:

• Section A: 15 objective test (OT) questions worth 2 marks each.
• Section B: Three questions worth 10 marks each, each composed of five OTs worth 2 marks each.
• Section C: Two 20-mark constructed response (CR) questions which include a mix of computational and narrative questions. Candidates are required to demonstrate their understanding of the techniques and the implications of their calculations .

2. What topics are covered in the PM syllabus?

The PM syllabus builds on the knowledge gained in Management Accounting (MA)
and includes:

• Specialist cost and management accounting techniques
• Decision-making techniques
• Budgeting
• Standard costing and variances analysis
• Performance measurement and control These topics equip students with the skills to manage and evaluate business performance from both financial and non-financial perspectives .

3. How should I prepare for the PM exam?

Effective preparation for the PM exam involves:

• Using ACCA-approved study materials: Textbooks and revision kits from publishers like Kaplan and BPP.
• Accessing free resources: Websites like OpenTuition offer free lecture notes, practice questions, and mock exams to help students prepare.
• Practicing extensively: Regularly practicing past papers and specimen exams to familiarize yourself with the exam format and question types .

4. What is the pass rate for the PM exam?

The pass rates for the PM exam have varied over recent years, typically around 40-50%. This indicates a moderate level of difficulty and underscores the importance of thorough preparation .

5. Are there any tips for passing the PM exam?

Here are some useful tips for passing the PM exam:

• Understand the exam structure: Familiarize yourself with the types of questions and the marking scheme.
• Focus on key areas: Ensure you have a strong grasp of the main topics such as decision making techniques and performance measurement.
• Practice under exam conditions: Use mock exams to simulate the real exam environment and improve your time management skills.
• Seek help when needed: Utilize forums and ask tutors if you encounter difficult concepts .

For more detailed information and resources, you can visit the ACCA Global PM
page and OpenTuition.

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