ACCA is an accounting course that is usually very tough. Most students who are writing this examination can attest to the fact that you need to discover true strategies to pass with flying colors. Ans this can only be possible with the use of past questions and answers. get the relevant knowledge on how to pass this examination. This is possible with the use of past questions and answers. As it helps apply relevant knowledge, skills and exercise professional judgment in selecting and applying strategic management accounting techniques in different business contexts and contribute to the evaluation of the performance of an organization and its strategic development.
This past questions and answers will be of great help to you as it will promote your knowledge for the examination. This past questions benefit are listed in this post and you will get to know about how the exams will be pattern.
Why you need Acca P5 Past Questions Pattern?
Past questions enables you identify possible number of questions that will set in your year of examination. This is very important because it will enable you adjust your preparatory speed and increases your time consciousness.
How is Acca P5 Past Questions Pattern?
We have made it simple for you. We bring all the questions which is usually in objective and multiple choice pattern or format. We have put them together but we indicate the specific years for every question and the correct answers in order to save your time. All you need to do is to devote quality time to study the Past Questions.
Sample of Acca P5 Past Questions
Chiven Stores (Chiven) is a listed clothing retailer in Beeland. Its overall aim is ‘to become the largest clothing retailer in Beeland and deliver exceptional value to its shareholders’. It has recently dropped down the clothing retailer rankings from fourth to fifth largest. Shareholders have expressed concern at the lack of dividend growth at a time when spending in the Beeland clothing market has been growing.
There has been a recent change of chief executive officer (CEO) and the new CEO has identified that the performance reporting at Chiven is not fit for the needs of the business. She has asked you to prepare a report to the board to address the performance measurement and management issues which she sees as most important. Her plan is to achieve the overall aim by ‘maximising our opportunities from new technology and increasing our currently small web presence’.
She wants a detailed evaluation of the current performance report which is used by the board for its annual review of the business (Appendix 1). She wants this task split into two parts: first, evaluate the existing set of measures and their presentation and then second, add three new measures which you believe address key issues for the business but are not currently on the report. She has stated that the report does not need a commentary as she and the finance director talk through the report in detail with the board.
In an additional effort to drive improvement and gain competitive advantage for Chiven, the board has decided to use the value chain as a business integration tool. The CEO has provided a copy of the value chain diagram which was discussed at the last board meeting (Appendix 2). She believes that further improvements in Chiven’s performance can be achieved through simplification of the supply chain. The CEO believes that this has implications for the performance measurement and information systems at Chiven and wants your report to address this as well.
Finally, the CEO has already identified one important reason for Chiven’s poor performance and that is its failure to make use of ‘Big Data’ in relation to Chiven’s web sales. She believes that the board does not understand the implications of the volume, velocity and variety of this data for the business and wants you to write a guide for them. She is aware that this is a new and rapidly developing area for most businesses, so she considers that the board should also be briefed about its risks and challenges.
The CEO wants a report which she can present to the board to address these various performance issues at Chiven.
Write a report to the board of Chiven to:
(i) Evaluate the performance report in Appendix 1 as requested. (20 marks)
(ii) Using the data in Appendix 1, recommend (with appropriate calculation and justification) three new performance measures for Chiven as requested. (8 marks)
(iii) Advise on appropriate performance measures and systems for Chiven when using the value chain approach to simplify the supply chain. (7 marks)
(iv) Discuss the development of Big Data and its potential impact on Chiven’s information systems, including the
risks and challenges it presents. (11 marks)
Professional marks will be awarded for the format, style and structure of the discussion of your answer. (4 marks)