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ACCA F5 lectures Download F5 notes
February 3, 2016 at 2:27 am
Really good lecture, thank you!
John Moffat says
February 3, 2016 at 7:42 am
M DURGA PRASAD says
January 30, 2016 at 8:58 pm
sir, it was fantastic lecture…..n sir I have a little doubt regarding presenting it on t paper…sir do I have to specify n give a note on the product tat by doing so an so we get profit/loss…n then we provide some remidies to solve t problem…as u have said …is tat wil be better?
January 31, 2016 at 9:10 am
The question will make it clear as to what is required.
January 21, 2016 at 9:34 pm
Hi I would like to ask one thing in ABC method,
What if we are provided with the ‘revenue’ and ‘cost of products sold’ in items, how we have to tackle such situations?
Items Soft Drinks Fresh Produce Packaged food
Revenues 425,800 756,250 443,280
Cost of product sold 262,500 467,500 270,000
Cost of empty bottles returned 6,800 0 0
No. of purchase orders placed 315 285 210
No. of deliveries received 420 570 525
Hours of shelf stocking time 250 1,425 1,050
Number of product sold 63,000 285,000 105,000
Activity Total Cost Cost-Allocation Basis
Bottle returns 6,800 Direct tracing to soft-drink line
Ordering 81,000 810 Purchases orders
Delivery 106,050 1,515 Deliveries
Shelf-stocking 55,875 2725 hours of shelf stocking time
Customer 135,900 453,000 items sold
How we will calculate costing on traditional basis and ABC basis and also we have to calculate operating income and the operating income as percentage of revenues for each product line?
January 21, 2016 at 9:36 pm
I apologise as the space were deleted but please explain the concept of the revenues cost of products sold.
January 22, 2016 at 9:05 am
You must ask questions like this in the Ask the Tutor Forum, and not as a comment on a lecture.
January 11, 2016 at 10:48 am
After 6:30 minutes later this lecture is stopped and show ended. please do the needful.
January 11, 2016 at 1:39 pm
No it doesn’t stop – the lecture is working fine.
The problem must be at your end, so please go to the support page – the link is above.
January 13, 2016 at 2:08 pm
HAPPY new year to you and evryone else on the forum.are you saying that even in an exam, this kind of question will have to be answered using both methods or just one?
January 13, 2016 at 6:02 pm
I do not say that at all – you can do it either way.
October 26, 2015 at 7:52 pm
Thanks a lot for this! Helped me a lot!!
October 27, 2015 at 9:27 am
I am pleased it helped
September 23, 2015 at 5:20 pm
Firstly, thank you for your lecture, it’s really help me so much. My English is not good so maybe I missed some key words in your lesson, therefore some things make me confusing, please explain to me when you have time:
1. If I replace the cost drivers: maching cost hours per unit by the numbers of machine was used to make each product, and the receiving material by handling material, the calculate for these cost drivers will be change or not?
2. For each examination, there is only 1 cost driver will be calculated with different way with the others?
September 23, 2015 at 5:35 pm
Thank you for your comment
1. If you use the numbers of machines, then the amounts will change. Here you have to use the total hours as the cost driver.
2. Exam questions usually have about 4 different overheads but they tell you which cost driver to use for each of them.
September 22, 2015 at 3:09 pm
The sound is not O.K after 15 minutes although I tried in Google Chrome browser. Please look at the matter for further improvement.
September 22, 2015 at 3:12 pm
The sound is fine throughout. You might need to turn the volume up a little after 15 minutes – it is because it was recorded live.
September 20, 2015 at 12:33 pm
Hi how do I download your videos please
September 20, 2015 at 12:48 pm
Our videos can only be watched online. It is the only way that we can keep this website free of charge.
August 17, 2015 at 5:40 pm
Can you tell me why in order to get the overhead cost you divide it my the total hours without calculating the total machine hours
August 17, 2015 at 5:45 pm
But I did calculate the total machine hours (and showed the workings for calculating it also).
August 6, 2015 at 4:06 pm
there no sound sir,
August 6, 2015 at 4:33 pm
Visit support page for help. >> try another browser.. like google chrome.
sound is OK
August 1, 2015 at 1:27 pm
Sir, How come no sounds from your lecture video?
August 1, 2015 at 1:43 pm
The sound is working fine! Check the sound settings on your computer.
July 10, 2015 at 3:20 pm
Would it be okay if I were to round up the figure of machining (overhead) from 0.585 to 0.59? Because when I did that, my answers were quite different compared to what you wrote.
July 10, 2015 at 6:45 pm
No – you should not round when splitting the overheads between the products.
July 12, 2015 at 5:11 pm
Hi Sir, I have the same question of “Erica” asked even after i read your answer. so are we not splitting the other overheads namely receiving dispatching and set up costs ? Is it the reason that we should not round off since we use machine hours?
July 12, 2015 at 5:14 pm
There is no firm rule. A bit of rounding does not matter, but you don’t want too much.
(Remember (as I say in the lecture) that it is the overhead per unit ultimately that matters and so because you divide the total by the number of units at the end, a bit of rounding in the totals will not affect the final overhead per unit)
December 22, 2015 at 12:06 am
I enjoyed the first 2 lectures and am looking forward to the rest of the syllabus. I too have concerns about rounding; you mentioned in the lecture that it does not matter (if we round) but if we round to the nearest cent for machine hours (0.59 instead of 0.585) we get a different overall answer. In the exam we do not have time to check back so would it be safer to avoid rounding from the outset?
December 22, 2015 at 7:05 am
It is better to have too little rounding than too much.
However, questions like this would be in section B of the exam, and in section B it is the workings that get the marks – not the final answer. Differences due to rounding do not lose marks.
July 9, 2015 at 4:01 am
The lecture was great easy and understandable. I feel am in the classroom from my tab. Thank you so much and God bless you.
June 2, 2015 at 11:34 pm
So so so sorry if this is in the wrong place but I was so so ill during the f5 exam and made the silliest mistake ever. Instead of multiplying by total units i did CPU/total cmost driver units. I then divided that by 37000 ( total units) and multiplied that number by the cost the cost Driver units. how many marks should I lose?
June 3, 2015 at 7:17 am
In future please ask this sort of question in the Ask the Tutor Forum – not as a comment on a lecture.
I really can’t say how many marks you will lose – partly because it is not me who will be marking it, and partly because obviously I can’t see exactly what you wrote in your answer.
You should still get some marks so don’t worry about it too much.
May 6, 2015 at 12:51 pm
Your lectures was just fantastic and clear to understand.
Best Regards Sir.
olufunke oyaleye says
May 4, 2015 at 9:16 pm
I really do appreciate your teachings. This has given me more insight on ABC.
Thank you so much.
May 2, 2015 at 2:53 pm
You teach so well, makes one actually love it all. Your tutoring isn’t mechanical at all, its actually kinda fun.
I was behind on my preparations because I got my text materials late. But with this, and how you teach,…. thank you so so much.
May 2, 2015 at 2:48 pm
I can’t thank you enough.
April 19, 2015 at 10:24 am
really helpful. I’ve just started to study F5 by myself but feel quite hard. Your videos make things easier. Thank you!
April 16, 2015 at 5:23 pm
I’ve spent my time getting a degree in accounting and finance. You teach it better than any of my tutors and some of them were pretty darn good
April 17, 2015 at 10:09 am
March 24, 2015 at 10:10 pm
Hi John, I agree with other students, I go to class but found your lecture is clear and easy to understand, your humour is a great plus. Thank you for setting up this free lecture. You are helping millions of us students.
March 17, 2015 at 5:43 pm
I just joined this online Open Tuition.com and overall I think it is a great start for the learner and it helps a lot on our study to those student like me to make preparation for the ACCA.
Thanks a lot lecture;John Moffat for the Knowledges.
March 17, 2015 at 5:51 pm
Thank you for your comments
March 9, 2015 at 11:40 pm
Sir ,you described about the marker’s approach for marking ,what about marking approach in theoretical questions..your opinion is greatly appreciated.
Usually each valid point gets one mark (unless the question makes it clear otherwise – for example if you are specifically asked for 3 points).
Best is to look at a few of the examiners marking guides – they are always at the very end of the examiners answers (which you can download from the ACCA website). It is listed there how the marks are actually allocated.
February 26, 2015 at 1:22 pm
Thanks alot for the lectures,I was thought in class, but I actually did understand all on abc costing after watching your lectures. Thanks
February 26, 2015 at 1:21 pm
Thanks alot for the lectures,I was thought in class, but I actually did understand all on abt costing after watching your lectures. Thanks
February 16, 2015 at 8:58 am
sir can you name some examples for PRODUCTION OVERHEADS AND NON PRODUCTION OVERHAEDS
February 16, 2015 at 9:23 am
Production overheads are those involved in manufacturing e.g. rent of the factory; depreciation of machines.
Non-production overheads are those involved in the administration and selling and distribution e.g. wages of office staff; depreciation of delivery vans.
February 16, 2015 at 6:39 am
sir i am not able to watch the video
February 16, 2015 at 9:21 am
The problem must be at your end. You should go to the support page (the link is above) and you should find a solution there.
February 10, 2015 at 7:06 pm
WOW, great lecture and i love the sense of humour.
November 26, 2014 at 8:36 pm
Sir I used this method shown above in ABC in the paper 2june 2014 Q1 (b)
But the answer is wrong. Why is it so???
November 27, 2014 at 5:56 am
The examiner does it exactly the same way, so I am sorry but I do not know where you made your mistake.
November 27, 2014 at 1:46 pm
So i can used your method?
November 27, 2014 at 2:48 pm
Yes (and so has the examiner).
November 27, 2014 at 2:49 pm
Yes (and so has the examiner) – there is only one correct final answer.
November 26, 2014 at 7:35 am
I have problem on absorption costing in the second stage how to allocate the direct labor while the question is given on direct labor (hours) and Machine usage (hours). The calculation part.
November 27, 2014 at 5:57 am
I don’t know what you mean. Direct labour is charged directly to the units. It is only the machine-related overheads that are charged on the basis of machine hours.
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