F5 – Costing Techniques

There are no theories involved!

There certainly are written parts to questions, which I assume is what you are talking about.
They are there to check that you really understand the techniques and that you have not just learned rules.

The only way that you can prepare for this is to make sure when listening to my lectures that you really understand what is happening (and that you concentrate when I discuss the topics – not just concentrating on the numbers. And also that you practice lots of questions (preferably using a Revision/Exam Kits from one of the approved publishers), reading the answers to the written parts carefully and learning from them.

Look at the examiners marking schemes for the written parts (they are at the end of the answers that are on the ACCA website) and see what points the examiner was looking for.
You are not expected to write great long answers – usually just one or two lines for each point.
You will also see that usually (although not always) one mark is given for each point. So if there are 5 marks for the section you are looking to try and make 5 points. In the middle of the exam you are unlikely to be able to think of 5 points, but remember that you only need half marks and so if you can think of three decent points then you are passing 🙂

I understand the problem with the phrasing – the only way is to look at all past exam questions and try and get used to the examiners way of wording questions.