ACCA must-test points: Detailed explanation of APM subject content

APM is an elective subject for the ACCA exam. When you are studying, you will always have more or less questions. Looking at the exams over the years, the passing rate of the APM subject has always been relatively low. So how do you learn it? Can you successfully pass the exam in this subject? Below, Deep Space Network will tell you about the subject of APM.

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ACCA test center explanation

APM is divided into five PARTs.

PART A

strategic planning and control

This module is the beginning and end of APM.

Mainly describes how the company carries out strategic planning and control. You must know that the improvement and evaluation of a company's performance must have an ultimate goal, then this goal is the company's Mission. All performance is based on this goal, and all performance evaluation and management, reward and punishment mechanisms and management models are also based on this as the ultimate goal.

At the same time, this module also explains our basic methods of planning and control, such as budgeting, enterprise process reengineering, enterprise integration, value chain and environmental management accounting models.

PART B

External influences on organizational performance

This module mainly introduces the external factors that affect corporate performance.

Think about it, if the company cannot analyze the external environment well, it will not be able to identify the risks and opportunities that affect performance results, and it will not be able to make reasonable use of these opportunities and reduce possible performance risks. What’s more, then These risks cannot be controlled.

Does it sound similar to SBL? Yes, but APM will study it more deeply.

If we ultimately want to ensure performance results, we need to control all aspects involved in risks, so it is very necessary to set reasonable KPIs for relevant departments/personnel. How to position our risks? How to set reasonable KPIs? How to judge whether the company has solved/reduce performance risks? How to design fair evaluation tools? How to link it to the compensation system? This is the first question we want to solve in this part.

PART C

Performance measurement information system and developments in technology

This module is the most amazing module of APM, bar none. It can be combined with any of the APMs.

In this chapter you will learn about various information systems and performance reporting systems. Information systems and performance reporting systems both exist for the company to better evaluate and manage the company's performance.

So, when you want to apply a new management model, set up a new salary system, adjust the production and operation processes of the company, make strategic shifts, find existing problems in the company, you want to Testing and evaluation programs, and improving the efficiency of a specific department, are all inseparable from information systems.

A good information and reporting system is the cornerstone of good performance management and evaluation.

PART D

Strategic performance measurement

This module focuses on performance evaluation models and methodologies.

In this module you will learn common performance evaluation tools in business management, including financial performance indicators and non-financial performance indicators. At the same time, there will also be some new evaluation models and methods for performance evaluation in non-profit organizations and government departments.

As a performance manager, you can select appropriate performance evaluation models based on the company's specific circumstances, use these methodologies to design corresponding performance indicators, comprehensively evaluate the company's existing situation through data and information, and make adjustments and adjustments. Make correction suggestions and track the results.

These alone are not enough. You also need to be able to help the company's managers find out the problems that may exist in implementing the methodology for a specific company, and provide solutions at all levels of the enterprise to ultimately ensure performance. Reasonable assurance.

PART E

Performance evaluation and corporate failure

This module focuses on performance management models, and the evaluation of corporate failure.

After reasonably evaluating the company's performance, it is necessary to use a relatively comprehensive performance management model to ensure the effective implementation of decision-making and operations from all levels.

You will learn performance management models such as ABM, VBM, Performance pyramid, Building bloc, and Balanced scorecard in this module. These models are equivalent to the

shell of performance management

and are often mixed with the examination of information systems, performance evaluation systems, KPI formulation and other issues.

At the same time, these methodologies are often needed to solve specific problems of the enterprise, including: how to use these models to solve specific problems, how to ensure smooth implementation in the process, and how to customize the company's performance management model.

Finally, a professional performance manager needs to be able to judge whether the company has failed through various signs, find specific solutions to the company's failure, and be able to evaluate whether the problem is truly solved by setting performance indicators. .

I believe that everyone now has a brief understanding of APM. Are you interested in it?

ACCA employment prospects

What are the ACCA employment prospects?

1. Accounting and auditing

In fact, you don’t need to worry too much about ACCA’s employment prospects. Because the ACCA certificate has a very high value in the international field, it has considerable employment prospects. . Especially in terms of employment, the ACCA major is not much different from the ordinary accounting major. Almost all accounting professions are included in it, including accounting, auditing, taxation, etc., which are everyone's popular first choice.

2. Corporate Finance

For those who hold ACCA certificates, the corporate finance department is also a popular choice. Nowadays, more and more people in the industry choose to join financial positions, which means that As the competition will become more and more intense, for job seekers with the same level of qualifications, HR will be more inclined to talents with ACCA certificates.

3. The Big Four Accounting Firms

Those who hold ACCA certificates can also choose to work for the Big Four accounting firms. These are the places that accountants dream of. You must know It is not easy to get in, but HR will give priority to those who hold ACCA certificates.

Who is suitable to apply for ACCA?

1. People who love working in the financial industry

We all know that the most important thing when entering the industry is that you are interested. If you want to be successful in the industry To achieve great results, you must be very passionate about the work in the industry. Only focusing on the work can bring about good results. First of all, the prerequisite for applying for ACCA is to be interested in financial careers and make sure that you will develop in this area in the future.

Secondly, you also need to have a certain basic knowledge of English. After all, ACCA is an international exam, and the teaching materials and test questions are basically in pure English. Therefore, if you do not have basic English reading and writing skills, you will not be able to take the ACCA exam.

2. Accounting graduates

After all, the ACCA exam is difficult. If you don’t spend a certain amount of time preparing for the exam, it will be difficult to pass the exam and get the certificate. Therefore, in order to win candidates smoothly and efficiently, accounting graduates are the most advantageous group.

It is recommended that in addition to preparing for the exam on their own, such candidates also need to sign up for relevant online training courses to further consolidate knowledge content, and further deepen their understanding of ACCA courses based on the professional knowledge they have learned in school.

3. Persons with job promotions

For accountants who are not satisfied with their current job salary, they can also apply for the ACCA exam to improve their professional level. After getting the certificate, they can I got a promotion and a salary increase justifiably.

ACCA application requirements

What is ACCA?

ACCA’s full name in Chinese is Chartered Certified Accountant. Compared with its international exams, ACCA is the earliest international exam to enter China. ACCA is an accounting organization. Because they have world-class professional standards and the largest team in the country, ACCA has received consistent praise and recognition from all international and domestic enterprises. At the same time, the ACCA certificate has extremely high authority in the international field and is known as the business pass in the financial field

What are the ACCA registration requirements?

Compared with other international examinations, ACCA’s registration requirements can be said to be the lowest. First of all, in terms of academic qualifications, students who have a college diploma can register as ACCA students.

For college students, it does not matter if they have not graduated. As long as they can pass all the course examinations in the first year of college, in simple terms, sophomore students can apply for ACCA. .

Is ACCA worth taking?

The first point is that ACCA has a very high reputation in the world, so as long as everyone can get this extremely valuable qualification

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Passcard

, then it will not be a problem to enter a world-renowned company, and your career path will also be smooth sailing.

Secondly, since the ACCA application requirements are not too high, sophomores can sign up. Therefore, as a college student, it is worth trying regardless of success or failure, as long as you learn through your own efforts. Professional skills and knowledge, even if you don't successfully obtain the certificate, will be of great help to your career path.

The second point is that the remuneration is very worthwhile. Everyone knows that the ACCA certificate has a very high value. Statistics over the years show that students holding ACCA certificates can basically maintain a salary of 200,000 to 300,000 in their jobs. Especially for ACCA students with certain work experience, it is easier to be promoted to positions such as financial director and financial manager. Therefore, it is easier to get a higher salary.

ACCA salary and benefits

(1) What is the main content of the ACCA exam?

ACCA*** has 14 exams, and the exam time is 6 every year In March and December, the exam time for each subject is 3 hours. The entire learning process is divided into 3 stages. Let’s take a look at it next.

1. The first stage

Accounting and legal syllabus; management information and organizational outline;

2. The second stage

Information analysis, audit outline; financial management, tax outline;

3. The third stage

Control and decision-making, accounting and auditing, tax planning; management and strategy, financial strategy, finance Reporting environment. (2) What is the salary after passing the ACCA exam?

According to surveys, the annual salary of ACCA members is about 200,000-800,000, which is much higher than the financial accounting income in the economic market, several times higher.

1. The salary range for members aged 25-30 is between RMB 200,000 and RMB 300,000

2. The salary range for members aged 31-40 is between RMB 300,000 and RMB 500,000

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3. The salary range of members aged 41-60 is between 500,000 and 800,000

According to a comparison on a recruitment website, the monthly salary of financial personnel is approximately between 3,000 and 5,000. The annual salary is between 36,000-60,000. According to statistics, the annual salary of ACCA members exceeds the income of graduate students in the same period.