2019年12月ACCA考试P5高级业绩管理真题（含答案）.pdfVIP

2019 年12 月ACCA 考试P5 高级业绩管理真题 一、案例分析题 二、Section A 1.Company information Arkaig Manufacturing （Arkaig） is a world-leading, listed manufacturer of production machinery for other industries. It has customers in the mining, cement and chemicals sectors and seeks to provide them with the equipment, software and service for their products. The aim of Arkaig is ‘to maximise shareholder wealth by providing world-class, tailored automation solutions, which use technology innovatively, show improved machine downtime and reduced energy consumption for our customers.’ This is supported by an entrepreneurial culture among all employees who should ‘treat the business as if they owned it’. Strategic internal performance reporting There has been criticism of the business’ current performance reporting by one of the directors at a recent board meeting. However, the chief executive officer （CEO） believes that the reporting system, which he put in place two years ago, is an excellent one. In preparation for the next board meeting, the CEO needs an evaluation of the current report. As an example, a recent report used by the board for its strategic review is given in Appendix 1. The CEO stressed that it was the report and not the performance of the business which should be evaluated. Economic value added Another criticism of the performance management of Arkaig was that it lacked an over-arching measure of performance. As a result, the CEO is considering the introduction of economic value added （EVA™） to replace return on capital employed （ROCE） as a principal performance measure. The CEO wants to present this idea at the next board meeting and so needs an illustrative calculation of EVA™ along with a brief explanation of its benefits as a replacement for ROCE. The data in Appendix 2 should be used for the calculation. Performance hierarchy The earlier work requested focuses on the strategic level of the organisation an