APM Performance reporting

ACCA · Strategic Professional · 7 questions

Name: ____________________   Date: ____________

1. A report that shows only the items that differ from the plan by more than a set amount is an example of:

   • A A dashboard
   • B A budget
   • C A balanced scorecard
   • D Exception reporting

2. A leading indicator is one that:

   • A Compares to a budget
   • B Reports last year's profit
   • C Measures cost only
   • D Gives early warning of future performance

3. Which feature makes a management report MOST useful?

   • A It includes only financial data
   • B It is sent to all staff
   • C It is relevant to the decision, timely and understandable
   • D It is as long as possible

4. A manager is evaluated on a cost that is allocated from head office and cannot be influenced. The main problem with this is:

   • A The report is too frequent
   • B The cost is too small
   • C The cost is a fixed cost
   • D The measure is not controllable by the manager

5. Integrated reporting is mainly intended to:

   • A Reduce audit fees
   • B Report only on taxation
   • C Replace the financial statements
   • D Show how strategy, governance and performance create value over time

6. A dashboard is most appropriate for:

   • A Recording every transaction
   • B Providing the audit trail
   • C Setting budgets
   • D Giving a visual summary of key performance indicators for quick monitoring

7. Information overload in a performance report is best addressed by:

   • A Adding more measures
   • B Selecting a few key measures linked to objectives
   • C Reporting less often than needed
   • D Removing targets