ACCA Performance Management (PM) FAQs

Q1. What is the format of the Performance Management (PM) exam?

The Performance Management (PM) exam, part of the Applied Skills level of the ACCA course, is designed to assess both technical and analytical skills. The exam consists of three sections:

• Section A: 15 objective test (OT) questions worth 2 marks each.
• Section B: Three questions worth 10 marks each, composed of five OTs per question.
• Section C: Two 20-mark constructed response (CR) questions that include a mix of narrative and computational tasks.

This format encourages candidates to not only apply financial techniques but also explain and evaluate business performance scenarios. To sit this paper, you must be registered with the ACCA – Association of Chartered Certified Accountants. You can find the official PM exam format on the ACCA Global PM Exam page

Q2. What topics are covered in the PM syllabus?

The PM syllabus builds on concepts learned in Management Accounting (MA) and dives deeper into performance evaluation. The main topics include:

• Specialist cost and management accounting techniques
• Decision-making techniques
• Budgeting and control
• Standard costing and variance analysis
• Performance measurement and control

These areas help develop skills in both financial and non-financial performance evaluation, making this an essential part of the ACCA course. 

Q3. How should I prepare for the PM exam?

To prepare effectively for this ACCA Performance Management paper:

• Use ACCA-approved study texts and revision kits from providers such as Kaplan and BPP.
• Access free learning materials through OpenTuition, which offers free lectures, notes, and practice questions.
• Practice with past papers, mock exams, and the ACCA Practice Platform, available through your myACCA login on ACCA portal.

Incorporating these strategies ensures a more comprehensive grasp of both the theoretical and practical elements of the ACCA course. For those checking their ACCA course fees and study schedule, it’s advisable to consult your learning provider’s portal or the association of chartered certified accountants course listings on ACCA Study Hub (studyhub.accaglobal.com).

Q4. What is the pass rate for the PM exam?

Historically, the Performance Management (PM) paper has a pass rate ranging between 40–50%, depending on the exam sitting. This reflects its moderate level of difficulty and the analytical skills it requires.

Q5. Are there any tips for passing the PM exam?

Here are essential tips to increase your chances of passing this critical subject in the ACCA course:

• Understand the exam structure: Know how each section works and the marking scheme.
• Focus on core areas: Pay particular attention to decision-making techniques and performance measurement, which frequently appear in exams.
• Simulate exam conditions: Use time-based mocks to sharpen time management skills and identify weak spots.
• Join online forums and seek help: Engage with platforms such as OpenTuition, Reddit’s r/ACCA forum, or the official ACCA StudyHub for discussion with fellow students.
• Stay consistent: Set a clear study plan and follow it. Frequent revisions, not cramming, yield the best results.

Also, staying connected through your myACCA account will give you real-time updates on resources, exam dates, and more.

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