PM develops knowledge and skills in the application of management accounting techniques for business planning, performance evaluation, decision-making and control.
The key syllabus areas are:
The PM exam is a 3 hour computer based exam. All questions are compulsory. The questions will include a mixture of numerical and discussion elements.
Candidates are provided with an online formulae sheet.
PM is the middle paper in the management accounting section of qualification, building on Management Accounting (MA) and preparing for Advanced Performance Management (APM). It requires you to apply techniques and think about their impact on the organisation. It examines students' understanding of how to manage the performance of a business.