ACCA
Paper P5
Advanced Performance Management
December 2011
Interim Assessment – Answers
To gain maximum benefit, do not refer to these answers until you have completed the revision mock questions and submitted them for marking.
PAPER P5 : ADVANCED PERFORMANCE MANAGEMENT
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(b)
Although managers can sometimes make excellent decisions on a hunch or 'by instinct', in the long run their decision-making will be more rational and soundly based when they are properly informed. The quality of management decisions is always likely to be better when managers are well-informed about the different options available, and the likely outcome of pursuing each different course of action.
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PAPER P5 : ADVANCED PERFORMANCE MANAGEMENT
When the future is uncertain, management information helps to reduce the uncertainty and analyse the risks involved.
When the business environment is changing rapidly, organisations must adapt to survive and grow. Information systems can help managers to recognise the nature of the changes that are happening, and their potential significance. They can then formulate new strategies to adapt to the changing circumstances.
However, the type of information required by management differs between a rapidly changing business environment and a stable environment. In a stable environment, most information needs can be obtained from within the organisation and derived from historical results. The past is a useful guide to the future. In a rapidly changing environment, in contrast, information has to be more forward-looking, taking account of risk and uncertainty. Information sources are also likely to be sourced
From my research of the Lodge Bistro I have found the following problems within the company.
The learner can: 1.1 Discuss the nature of data and information 1.2 Evaluate relevant sources of data and information 1.3 Discuss the criteria for selection of data and information 1.4 Identify the legal requirements relating to the collection, use and storage of data and information
EBITDA - Earnings before interest, taxes, depreciation and amortization is an indicator of a company's financial performance which is calculated in the following manner: ("EBITDA - Earnings Before Interest, Taxes, Depreciation and Amortization Definition | Investopedia," n.d.)
History suggests that the overwhelming majority of human beings have had to choose between either tyranny or anarchy
1. A company’s ending accounts receivable balance and the period’s advertising expense would be found on which financial statements, respectively
If you have concerns about the care and safety of service users and feel like you can’t go to your manager then you have the option to contact some big and confidential organisations such as Care Quality Commission (CQC) or Health and Safety Executive (HSE) or environmental health who can also offer support and information and give you any answers you may need to any concerns.
1.1 Assessment is about judging if, how and what level of learning has taken place. An assessor's function is to decide if a learner has developed skills, knowledge, understanding and competence in a particular field as well as if the learner is showing the attitude required for the application of the learning within that field. Assessing is not the same as evaluating. Rather than the focus being on the programme or course the learner is on (evaluation), the focus is instead on the learner and their development.
As a future educator, it will be my job to continue acknowledging, valuing and teaching Indigenous origins, histories and cultures using the Australian Institute for Teaching and School (AITSL) standard 2.4 and the Australian Curriculum. This will give my future students a better understanding that Aboriginal and Torres Strait Islander people were the first custodians of our Australian land and of their origins. They lived in Australia 60,000 years before the British settled in 1788. I will teach an Australian historical time line prior to 1788.
DUE Friday November 1, 2013– This project is due on November 1st before 4:00 pm and is to be submitted in the Accounting Lab – room 200 in the Rands House. The hours for submission of and help with the project will be posted on the class Blackboard site. You will sign your project in to create a record of its being submitted. Be sure your name and the name of your TA are on the front page of the project.
A. Filing Status: There are two choices of filing status available to this taxpayer couple, married filing separately and married filing jointly. For this taxpayer couple the recommended filing status is married filing jointly. The tax rates would be higher if they filed separately. Additionally, some deductions (e.g. tuition and student loan interest), credits (e.g. Earned Income Credit) and exclusions would not be allowed if they filed separately. Since they sold a personal residence during this tax year, they will be able to exclude up to $500,000 profit from the sales as joint filers rather than only up to $250,000 if filing separately. There will be 2 qualified personal exemptions and 3 exemptions for the 3
1. In President Obama’s speech at West Point, he announced that 30,000 additional troops would be sent to Afghanistan. He made this decision because he said it was vital to the United States’ national interest. The vital national interest at risk in President Obama’s address is the security and safety of the American people as well as the “security of our allies and the common security of the world.” By involving the military and increasing the troop strength, President Obama can achieve the objectives of his strategy. His objectives are to keep the Taliban from becoming powerful, prevent them from government rule, improve Afghanistan security forces and government so they can manage their own country and prevent Al Qaeda from
Riordan Manufacturing is a global plastics manufacturer with facilities located in: Albany Georgia, Pontiac Michigan, Hangzhou China, with a research and development department located in San Jose California. This establishment has produced an annual earning of forty-six million dollars. Riordan Industries, which is the sole owner of Riordan Manufacturing, is a Fortune 1000 enterprise with revenues in excess of one-billion dollars.
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This assessment task must be submitted online by the due date specified by your Trainer/Assessor and Assessment Plan for this unit of competency. Any variations to this arrangement must be approved in writing by your assessor.
According to C. Cashmore and R. Lyall (1991), information needs of managers across the organisation can be linked to the decisions they make. They suggest these can be split into two broad categories: