100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
APM ACCA Question and answers verified to pass 2024/2025 $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. APM
  4.  
  5. APM

Exam (elaborations)

APM ACCA Question and answers verified to pass 2024/2025
 10 views  0 purchase
  • Course
  • APM
  • Institution
  • APM

APM ACCA Question and answers verified to pass 2024/2025 APM ACCA Benchmarking types and process 7 stages; Objectives KPIs Selection Measurement Comparison Improvement Monitoring 3 types; Internal; easy to access data May not be as useful if divs are already in communication ...

[Show more]

Preview 4 out of 44  pages

Document information

  • October 3, 2024
  • 44
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • apm acca
  • apm acca question and answers verified to pass 202

Written for

  • APM
  • APM

Seller

avatar-seller
Academia199

Reviews received

Content preview

APM ACCA
Benchmarking types and process
7 stages;


Objectives
KPIs
Selection
Measurement
Comparison
Improvement
Monitoring


3 types;


Internal;
easy to access data
May not be as useful if divs are already in communication


External/competitive;
More useful
Harder to access data


Functional;
Can help guide best processes
Difficulty in obtaining data

,Relevance of data




Strategic Management accounting vs. traditional
Management accounting where the emphasis is on external factors to the
organization, non-financial information, and internally generated info.


Involves more than simply measurement, it helps an organisation to achieve
its objectives by helping to take effective control and improve business
processes


Traditional; internal financial focus




Porter's Five Forces
Model developed by strategy expert Michael Porter that identifies five
competitive forces that influence planning strategies.


Forces;
New entrants, buyers, suppliers, substitutes = competitive rivalry


Issues;
assumes static market conditions
external focus
I.D of industry

,BCG Matrix
analyzes business opportunities according to market growth rate and market
share


Relative market share
High Low
star ????
Market growth


Low cash cow Dog


issues;
I.D of industry
too simplistic
doesn't consider relationship between divs




Mission statements
describes the organizations overriding purpose, strategy, policies and values
in line with shareholders expectations


Should be brief, distinctive, flexible and provide clarity


Advantages;
Focuses performance measures & goal congruence
communicates the desired nature of the organization

, Disadvantages;
Full of generalisations
May not be a true representation of the company
Useless unless if it lacks detailed objectives




Budgeting stages
Planning - how to hit targets
Responsibility - allocates responsibility
Integration - ensures activities aren't in conflict
Motivation - motivates employees
Evaluation - of performance




Budget types
1. Zero Based Budget
2. Incremental Budget
3. Rolling Budgeting
4. Activity Based Budget
5.Flexible




incremental budgeting
Form of budgeting in which the prior budget is the basis for allocation of funds
with incremental changes made in response to trends/analysis.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67474 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart