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ACCA F5 lectures Download OpenTuition F5 notes
March 12, 2016 at 5:19 pm
what if the cost was less than $12 what would you call it opposite of cost gap
John Moffat says
March 13, 2016 at 8:04 am
You wouldn’t call it anything 🙂
February 4, 2016 at 5:15 pm
Enjoying your lectures a lot… You make this module so easy. I would be surprised if I fail this module on my first attempt, Thank you 🙂
M DURGA PRASAD says
January 30, 2016 at 9:24 pm
sir ,day by day u r inspiring me for ur wonderful ineteraction with everyone in ur classes….tats awesome sir u r mindboggling…
love u sir…best regards…
January 31, 2016 at 9:10 am
Thank you for the comment 🙂
December 1, 2015 at 5:14 am
thanks for the lectures, it was so interesting and easy to understand.
December 1, 2015 at 6:19 am
November 10, 2015 at 11:19 am
i tried downloading but itsnt going through
November 10, 2015 at 11:20 am
Lectures can only be watched online – it is the only way that we can keep this website free of charge.
If you have any problems viewing the lectures then please go to the support page. The link is above.
August 26, 2015 at 2:11 pm
Thanks for posting those lectures, is really helpful. I follow each pod very seriously.
Can you please help me with the exercises 1.7 of BPP practice. They give as target profit 25% of target cost. How do I know that is equal at 20% of the target price?
more info target price is $10 and current cost is $8.40 per unit.
Thanks in advance for you help
August 26, 2015 at 2:25 pm
For every $100 cost, the profit will be $25 (25% x 100), and so the selling price will be $125.
So….. For every $125 selling price, the profit will be $25, which is 20% (25/125) of selling price.
August 26, 2015 at 2:49 pm
Thank you very much Sir. Understood now.
It was so quick. This website is unbelievable and priceless tools for students. Thank you again and have a nice day.
June 20, 2015 at 10:44 am
I really like your approach!
June 12, 2015 at 1:37 pm
great lecture …what course do you recommend to write after F5? because i was writing them in order but since i have gotten to F5 i have realised that i should have done F5 as soon as i completed F2
June 12, 2015 at 3:15 pm
You couldn’t do F5 after F2 unless you had completed F1 and F3 as well.
A lot of people tend to do F6 and F7 together but probably best to do them in June as if you need to retake them then the syllabus hasn’t change.
June 12, 2015 at 4:09 pm
The ACCA recommend that you take them in order, which is sensible (although ….says has a valid point with regard to taking F6 in March or June.
Please use the following forum:http://opentuition.com/articles/surveys/which-is-the-best-acca-papers-combination/#comment-42148
rather than post this as a comment on a lecture.
June 5, 2015 at 9:07 am
Thank you for your quick reply.
I have another question:
I have found that first step in target costing is to find exact selling price and then we have to decide on objective and finally calculate the cost but eventually when we find cost gap and we do not want to change costs figures,is it possible to change selling price to reduce the gap to the point?
Thank you again for your response .
June 5, 2015 at 10:34 am
I do actually mention this in the lecture.
If it were the case that the costs could not be reduced enough, then it may be necessary to consider reducing the profit required, or increasing the selling price, or deciding not to produce the product.
However, this is not the aim of the exercise – the basic aim is to set a target for the cost and then do everything possible to try and achieve that target.
June 5, 2015 at 6:48 pm
Thank you Mr Moffat.
June 4, 2015 at 10:18 pm
I am grateful for your helpful lecture Mr Effort .
I have got a question : I think when we increase the number of same product we certainly reduce costs also our target will approach .
June 4, 2015 at 10:23 pm
sry, Mr “Moffat”
June 5, 2015 at 7:47 am
That might be the case due to economies of scale, but it is certainly not always going to be the case.
May 27, 2015 at 9:51 pm
Everything in have not understood within the timeframe of entire semester, I now understand within one week of listening to your lectures. Thank you very much and Keep up the good work! 🙂
May 28, 2015 at 9:51 am
Thank you – I am pleased that you find the lectures helpful 🙂
May 9, 2015 at 8:19 pm
I love your very much, the secret is your body language, gestures and above all your experience magic voice.
God bless you.
May 9, 2015 at 8:24 pm
Thank you 🙂
April 23, 2015 at 11:05 am
Can’t i download this specific topic? Target costing.
April 23, 2015 at 11:25 am
Lectures can not be download – they can only be watched online. It is the only way that we can keep this website free of charge.
Only the free lecture notes can be downloaded.
April 4, 2015 at 6:05 pm
Can we talk about overheads for reducing cost gap in target costing??
April 5, 2015 at 12:30 am
Yes, certainly. We wnt to reduce whatever costs we can.
March 13, 2015 at 6:01 pm
Can i download video lectures?!
March 13, 2015 at 6:41 pm
No – lectures can only be watched online.
It is the only way that we can keep this website free of charge.
(Please stop posting under this lecture. If you have questions then please ask them in the F5 Ask the Tutor Forum.)
March 13, 2015 at 2:26 pm
Although, I watched LSBF video about throughput accounting which is not helping my understandings any more
March 13, 2015 at 2:23 pm
No, I didn’t watch the video of throughput accounting but I will try to watch it tomorrow, now i realized what derives me to complete ACCA is opentuition, opentuition is what helps me to strive hard to become an ACCA qualified member “I love accounting” thanks
March 13, 2015 at 2:14 pm
Sir John Moffat, thanks for your lecture about ABC and traditional absorption costing it is the first lecture I’ve watched from opentuition, I really understood it naturally, truly speaking you’re the motivating factor to complete ACCA thank you very much live long god bless you
March 13, 2015 at 11:34 am
i watched from LSBF video
lecture that throughput accounting is used to maximize profit by deducting selling price minus Direct material all others assumed to be fixed and it is done it by ranking and prioritizing them
March 13, 2015 at 11:30 am
Am i completely wrong?
March 13, 2015 at 4:47 am
Sir Moffat, in throughput accounting, step 5 which is finding out maximum profit with regards to bottleneck limitations for example i multiplied product sales units with selling price per unit according to previous ranking in the bottleneck then i deduct product sales units times direct mat. cost/unit taking into account with the bottleneck then where can i get the deduction of factory costs, how can i find the factory cost, is it labor cost/unit +OH cost/unit times sales units or the given operating expenses for labour or is it the amount of fixed production OH which one I prefer these three I am really confused
March 13, 2015 at 7:51 am
Please ask questions like this in the Ask the Tutor Forum – not as a comment on a lecture on a completely different topic.
Have you watched the lecture on Throughput Accounting?
March 12, 2015 at 1:14 pm
and which chapters would I focus more in order to gain and cope with 90% of F5 exam
March 12, 2015 at 2:44 pm
Unfortunately you cannot focus just on particular chapters. Now that part of the exam is multiple choice questions, the exam covers the whole syllabus.
There is no choice but to study everything.
If you are watching our free lectures (together with the lecture notes), then the only book you really need is the Revision Kit because it is full of exam-standard questions, and practice at questions is vital. It does not matter which of the approved publishers you use – they are all good.
March 12, 2015 at 1:11 pm
Sorry Mr. Moffat, I didn’t mean to order you, I am confused about the complexity of ACCA approved publishers like for example BPP & Kaplan, BPP is more difficult at the side of how they laid out their questions of their exam Bank and as well as their revision kit, which one do you think would be more benfitable for me as per the june 2015 exams
March 12, 2015 at 1:30 pm
Hello my friend. Open tution lectures are great i have passed my exams by just studying open tution. I havve also bought bpp revesion kits and whenever i stuck on questions i used to ask respected sir mr john or mike little. They are knowledge bank of acca. They are expert.. i salute them they are genious … they always reply…. so keep ur head down start watching open tution and trust me u will fly through very easily… thank you
March 12, 2015 at 6:55 am
give me details about F5 preparation
March 12, 2015 at 7:20 am
What do you mean “give me details”!! Please don’t give me orders 🙂
Watch the introductory lecture for Paper F5. You can find the link to it on the main Paper F5 page: http://opentuition.com/acca/f5/
March 10, 2015 at 3:19 pm
I ve attempted this course 3 times,guess i was not getting wat it takes,now i do and i hope to pass this time,thanks very much for wat u r doing for us,keep it up
March 1, 2015 at 7:29 am
Hi John. I am Nandhini from India. I hate listening to lectures from my School days. But you had made a difference. First time in my life I enjoyed Listening to your Lectures. This helped me a lot. Excellent Lectures. Thank you very much.
March 1, 2015 at 9:35 am
You are welcome – thank you 🙂
February 28, 2015 at 4:28 pm
For filling the cost Gap:
1) Can we charge the low selling price ?
2) Can we reduce some % portion of our desirable profit ?
As per as I think that we are introducing the new product. When we are offering/launching the same product on a same selling price (market price) then why should the customer/consumer buy our product if he/she is satisfied to the existing product.
I believe it as a customer that this situation seems to be like that a person has 2 pockets & have $110 in each pocket
Because it dose not make any difference.
February 28, 2015 at 5:36 pm
We are not launching the same product – it is a new product.
Charging a lower selling price would not reduce the cost gap because we would end up making less profit.
We could review the profit that we wished to achieve certainly.
However the whole point of target costing is to decide the maximum cost we can allow in order to make the profit we want, and then to look for ways of achieving that lower cost.
Again – it is not a product that we are already selling – I do make it clear in the lecture that it relates to a new product that we are considering producing. That is why we are able to look for ways of redesigning the product etc in order to reduce the manufacturing cost.
February 7, 2015 at 3:21 am
Thank you for your wonderful lectures…May God bless you to have good health and long life . Appreciate if you can improve the quality of audio and video. Aldo put an option to donate to your website. I believe you have lots of expenses for running this free website. Some students may think of supporting you once they get a job after qualifying ACCA.
January 22, 2015 at 1:58 pm
Hello sir, could you please tell me which book you been using for lecture.
January 22, 2015 at 2:03 pm
All the lectures are using our free Lecture Notes. The link to download them is just above the lecture on the right hand side.
October 30, 2014 at 11:50 am
Hello John thanks a lot for this lecture. I’m in Kampala (Uganda) and preparing to sit for F5 this Dec. However I came across this target cost number that has been driving me crazy I really need some explanation. Question is follows;
Target selling price $20 per unit
Target mark-up on cost 1/3
Estimated production cost $16 per unit
Find the cost gap
October 30, 2014 at 12:19 pm
The markup is 1/3 on cost. So the target cost is $15.
Therefore the cost gap is $16 – $15 = $1
(In future please ask this sort of question in the Ask the Tutor Forum for F5 🙂 )
October 27, 2014 at 8:10 pm
I was wondering if during the lecture a mistake was made. You said the cost of producing the table is $12. However, you answered a question from Javid and you gave the calculation to be 100/140×20= $14.27
Should the $12 in your lecture be $14.27 instead?
October 27, 2014 at 8:33 pm
There is no mistake.
Firstly, I never said that the cost of producing the table is $12. I said that the target cost was $12 – that is the maximum cost that we can afford if we are to make the profit we want. We then compare this $12 with the actual cost.
Secondly, the question says that we want a profit of 40% of selling price. (I assume that you have downloaded the free Course Notes – if not, then there is no point in watching the lectures. It says above each lecture that they are based on the Course Notes and gives the link to download them).
The $14.27 was simply explaining that if instead the objective had been to get a profit of 40% of cost, then the target cost would indeed be $14.27. However in this question the objective was 40% of selling price, and so the target cost is indeed $12.
October 27, 2014 at 8:45 pm
Thank you very much for the clarification. My humblest apologies, I did not read the question properly.
October 27, 2014 at 9:20 pm
No problem 🙂
September 11, 2014 at 3:57 pm
hi sir john.. i need your help.
product A target selling price per unit is $10
target profit is 25% on cost
current cost $8.40 per unit
what is the target cost gap for product A???
pls answer me…. many thanks
September 11, 2014 at 4:01 pm
If the target profit is 25% of cost, it means that the target cost is 100/125 x 10 = $8
So the cost gap is 8.40 – 8 = $0.40
September 11, 2014 at 4:06 pm
thank you very much sir..
so how do you calculate can you explain to me pls
September 11, 2014 at 4:15 pm
i always confused with this .. what to take as a cost and selling price
is it cost +profit=sp
i don’t get that .. very confusing
September 11, 2014 at 4:19 pm
It doesn’t matter which way round you write the equation – it is the same both times!!
Profit is 25% of cost, then for every $100 cost then the profit must be $25
As you have written, the selling price = cost + profit (surely, obviously!) and so for every $100 cost, then selling price must be $125.
Or, for every $125 selling price, the cost must be $100.
Here, the selling price is $10. So the cost must be 100/125 x $10.
September 11, 2014 at 4:31 pm
Thank you very muchhh sir ..god bless you ..
September 11, 2014 at 4:59 pm
You are welcome 🙂
August 11, 2014 at 8:45 pm
Mr.Moffat, I really enjoyed this lecture to well. My question is Target Costs are planned estimated costs before production schedule. What will happen if the cost input escalate all of a sudden after the production commences? Secondly, Can Target Costing combat under hyperinflationary economic conditions to sustain pricing?
August 11, 2014 at 8:52 pm
Firstly, target costs are not planned estimated costs. The target cost is the cost that has to be achieved in order to get the required level of profitability. The company will compare this with the estimated costs – if the target cost is lower than the estimated cost, then they will look for ways of reducing the estimate actual cost.
Target costing is not intended (and can not) combat high levels of inflation.
Obviously estimated levels of inflation will be taken into account is determining the target cost (and in estimating the likely actual cost), but target costing itself cannot remove the risk that always exists.
I am pleased that you enjoyed the lecture 🙂
Noura Dahmash says
March 28, 2014 at 11:20 am
thank you sir, your lectures are very explanative and to the points without turning around the subject tooo much , it eases the paper to me, thanks
May 23, 2014 at 10:41 am
iss mai kya easy tha
March 27, 2014 at 11:06 am
Another excellent lecture John and some enjoyable banter at the end.
March 14, 2014 at 7:11 pm
Great lecture! Sir you really make our learning Interesting… I have a question that is bothering me. What if the estimate of actual cost of production turns out of to be incorrect. Afterall, it is an estimate, it would turn out to be a bad decision if the actual cost turned out to be more than what we estimated.? What would we do in that situation.? As you said we work out target cost before actually making products, if we started producing how do you see the effect of wrong estimate in the first place ?. Cheers
March 14, 2014 at 7:21 pm
All of costing is based on estimations and there is always the risk that the estimates are wrong.
The whole point of target costing is that the cost is driven by the selling price (and not the other way round as is traditionally the case).
Obviously it is important that if they do go ahead that they make sure the control the costs. If the costs get too high then they would have to consider whether it was possible to increase the selling price or whether to accept a reduced profit, or even whether they should cease production.
March 14, 2014 at 11:00 pm
Thank you very much sir. clears my concept thoroughly
March 15, 2014 at 12:19 am
That’s good 🙂
February 17, 2014 at 2:01 pm
John I love your lectures. You make them so interesting with your very British sense of humour. Thank you so much.
February 17, 2014 at 4:53 pm
I am pleased you enjoy them – thank you 🙂
February 11, 2014 at 4:51 pm
I am really enjoying your lectures, thank you.
February 11, 2014 at 5:02 pm
Thank you very much for that – I hope that you continue to enjoy them 🙂
January 23, 2014 at 10:11 am
thank you your lectures are wonderful
January 16, 2014 at 8:22 am
Hi Sir, what is the difference between the studio recorded lecture and the normal one apart from the normal one being longer in time. Which one should we follow or should we watch both the live and the studio one to get a better understanding?
January 16, 2014 at 5:30 pm
The only difference is the quality – the recordings in the classroom are not always as good quality because I walk around a lot 🙂
October 9, 2013 at 8:55 am
Interesting lecturer!! He knows how to keep his students awake with nice atmosphere in the class!
August 8, 2013 at 9:51 am
your examples made things easily to understand. I enjoy your lecture very much! Now i can say bye to all my previous sleeping time during class
May 17, 2013 at 3:44 pm
Such a fun and interesting lecture!! I wish I could attend in there.. really nice atmosphere in the class!
April 4, 2013 at 4:33 pm
Fantastic lectures, put my local colllege to shame! Where are these lectures done?
March 31, 2013 at 5:21 am
im having a problem loading the f5 video lecture
March 31, 2013 at 10:06 pm
The lecture is working fine – I think the problem is with your computer.
March 13, 2013 at 8:29 am
Easy to understand …Thanks OT
March 10, 2013 at 1:28 pm
very useful to me, easy to understand the logic behind. thank you for that!!!
February 27, 2013 at 1:38 am
Brilliant job…..John is soo good that he made this topic very interesting
February 4, 2013 at 7:05 am
Absolutly fantastic resource.
November 16, 2012 at 6:49 pm
why does the F5 lectures buff so much i have little problem viewing the F4 lectures with buffering once in maybe 20 minutes but the F5 lectures keep stopping and i need these lectures
November 2, 2012 at 3:21 pm
words cant express how greatful i am …keep up the goodwork!!!
October 5, 2012 at 1:22 pm
Thank u…….its really nice and informative
October 2, 2012 at 9:54 pm
September 11, 2012 at 4:03 pm
tried to download but it gives me no options as my WI FI signal keeps on and off.
August 27, 2012 at 10:56 am
I am having difficults to watch lectures and there is a messenge which says, “oops the page has moved”
August 27, 2012 at 11:15 am
@15124, Try another browser? Lecture works fine
August 17, 2012 at 11:15 am
Thank you for the clear explanation. Thumbs up.
August 11, 2012 at 2:48 pm
good explanation, thanks alot
August 4, 2012 at 2:25 pm
On my side lectures are not streaming today. Showing error
August 4, 2012 at 2:35 pm
@rrfasi, please press ‘play’ again, or reload the page, it should work OK
July 4, 2012 at 12:43 am
Uummmm much satisfactory….
May 20, 2012 at 10:11 am
To watch on ur iPad download the iswifter app and they play perfect good lecture by the way 🙂
May 1, 2012 at 12:47 pm
April 12, 2012 at 3:07 pm
@ Admin What browser do u recommend that i Use
April 12, 2012 at 7:29 pm
April 5, 2012 at 5:03 pm
@ Admin. I am having the same problems with opening the audio lectures for F5 and F8
April 5, 2012 at 5:15 pm
@atkiarika, use another browser, lectures play fine
March 21, 2012 at 8:25 pm
@admin, Can you please tell me if F5 Audio Lectures have been removed ? I used them in the past but this time although the icon is still there it does not seem to be working . Tried to play it but nothing is happening.
March 21, 2012 at 10:29 pm
@Et, if you are talking about these video lectures it plays fine
check with your ISP why it does not work for you
March 22, 2012 at 12:21 am
@admin, Thank you for your reply. The video lecture plays well and I have no problem with it. I actually was talking about the Audio Lectures .They used to be found on the ACCA F5 page. As you scroll down the page you will find lists of practice questions for paper F5 from old papers just bellow the lists the Audio Lectures were found.The icon still exists but it does not play any more. I do remember listening to CH6 of the audio about life cycle costing ,CH8 Cost Volume and CH9 limiting factor and some other chapters.
Sorry to bother you .I should just make the best out of what is available and be appreciative of what O.T has provided for us for FREEEEE. Keep the good work up!
March 22, 2012 at 8:16 am
well, just checked, and f5 audios are still on line, (clicking on icon does not do anything, but there is a link there.. and here it is again http://opentuition.com/acca/f5/audio-lectures-for-paper-f5/
February 24, 2012 at 6:35 am
I will like to know if the lectures provided here are okay for exam??
February 24, 2012 at 7:01 am
Yes, of course they are!
March 21, 2012 at 8:40 am
@admin, Can you please tell me if F5 Audio Lectures have been removed ? I used them in the past but this time although the icon is still there it does not seem to be working . Tried to play it but nothing is happening.
February 17, 2012 at 3:22 am
good lecture thanks for a good job
February 16, 2012 at 7:10 pm
I am not able to view and hear the lecture on my new iPad. Please help 🙁
February 16, 2012 at 7:47 pm
at the moment, F5 lectures are not iPad compatible, because your iPad does not have flash
February 16, 2012 at 8:02 pm
@admin, Thanks for your quick response. Would you please be able to make them compatible to iPad. It would really make my expenditure worthwhile. I am struggling without these videos on the iPad 🙁
February 16, 2012 at 10:53 pm
@rohinimudgal replying can be quick, but making them compatible won’t be so fast!! but hopefully for June 2012 exams they will be working also on iPad..
January 15, 2012 at 7:22 am
This is only basic explanation…very very easy. try December paper 2007 question 1 for practice..
February 7, 2012 at 3:41 pm
@deesha, basic but helpful…:)
February 15, 2012 at 10:15 am
@deesha, You are correct and December 2001 question 1 is a hard question.
However the difficult parts in the question are not Target Costing.
Target costing is parts (a), (b), and (c) of the question and they are fully covered in the lecture and total 12 marks.
Part (d) is the hard part, but this is not target costing. It is essentially basic costing from Paper F2, but has several tricks in it.
If you can get 12 marks on the first three parts, you do not need to get too much right in part (d) to be able to pass the question.
Because target costing itself is easy, it will never be 100% of a question. The question will also include calculating expected cost (as in this question) or maybe will also have life-cycle costing. But…if you can get the target costing part correct then it will be a good start to a question 🙂
October 5, 2011 at 11:43 am
very well explained. thank you
September 29, 2011 at 12:52 am
it really give me big help…thanks
September 17, 2011 at 11:57 am
Brilliant, very helpful. thanx
September 13, 2011 at 8:59 am
im in stress,,,,,,,,,,,,,
September 12, 2011 at 11:46 pm
September 7, 2011 at 9:31 pm
clear lecturing, another great lecture
September 5, 2011 at 11:42 am
Wait for the lecture to load..
sorry but it plays fine
September 5, 2011 at 11:03 am
I can access part I but i try target costing nothing appear
September 2, 2011 at 11:57 pm
thanks to the bloke at the lib who told me about OT, wish I knew earlier…..JM is a fantastic lecturer!……….thanks guys
August 29, 2011 at 1:06 pm
simple and straight forward thx
August 26, 2011 at 2:48 am
good explanation of target costing.
can i see an exam question being solved based on the steps suggested?
August 24, 2011 at 11:35 am
am unable to view the F5 lectures..
August 24, 2011 at 12:27 pm
Check support page for help
August 1, 2011 at 8:59 pm
really helpfull even if miss our class this is the place to learn better…
June 25, 2011 at 8:16 pm
Just want to say thanks a lot.
May 15, 2011 at 6:00 pm
Got the explanations better from this lecture than the study text
April 25, 2011 at 2:43 pm
Very well explained and easy to understand. Thanks a lot
April 17, 2011 at 4:47 am
Well presented by the facilitator and very easy to understand and digest.This is absolutely a good foundation for studying the topic in the actual study text.
April 16, 2011 at 2:39 pm
Again extremely useful & easy to understand
May 17, 2012 at 2:00 pm
i cant view d lecture why.
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