aper P5 builds on paper F5, PerformanceManagement, and candidates are expected to have athorougunderstanding of the paper F5 syllabus. Inaddition, candidates will also be required to applythe principles and techniques covered in paper F2,Management Accounting.Paper P5 has a link with Paper P3, BusinessAnalysis, in the areas of strategic planning andcontrol and performance measurement
Structure of the examination paper
The examination paper will comprise two sections:
Section A will comprise two compulsory questionsnormally worth 60 marks.A maximum of 40 markswill be available for either question in Section A.Since Section A is compulsory it is expected thatcandidates will not only attempt it in theexamination, but will also allocate the appropriateamount of time. The two questions in Section A mayor may not be based upon the same scenario.
Section B contains 3 optional questions worth 20marks each. Candidates will be required to answertwo of these questions. At least one of the questionsin Part B will be entirely discursive in nature