Paper F5 Syllabus changes:
There are no changes to the syllabus, but a few additions just for clarification (the following were already assumed in the syllabus):
discuss and apply the theory of constraints
Quantitative analysis in budgeting:
estimate the learning rate and learning effect
Performance analysis and behaviour aspects:
– analyse and evaluate past performance using the results of variance analysis
– use variance analysis to assess how future performance of an organisation or business can be improved
Performance analysis in private organizations:
– analyse past performance and suggest ways for improving financial and non-financial performance
Budgeting and standard costing are now merged into one syllabus area – budgeting and control.
Paper F5 Format changes:
The exam will remain a three-hour paper, with all questions being compulsory, and with 15 minutes reading time.
There will be two sections to the exam:
Section A will comprise 20 multiple choice questions of 2 marks each.
Section B will comprise three 10 mark questions and two 15 mark questions.
Download Updated Pilot Paper for ACCA F5 exam
The specimen exams indicate how the paper will be assessed, structured and the likely style and range of questions that could be asked. Any student preparing to take this exam should familiarise themselves with the exam style.