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Hi,
I have noticed in the examiners notes that there is has been a lack of F5 knowledge for the P5 exam, i did F5 a few years ago and i have revised the areas in the P5 notes, covering F5, budgets etc. I had a quick look through the F5 notes and noticed there are a couple of areas that are there but not in the P5 notes, mainly cost volume profit analysis, (chapter 8 of OT notes in F5), Quantiticve analysis (chapter 12) and standard costing and variance analysis, I have skimmed through these notes but wanted to check how likely is something from these coming up in the P5 exam? and if i should be doing more practice in these areas?I think simple cost/volume could be important – eg restricted resources, closing down operations.; interpretation of variances is much more likely than producing variances.
There is no evidence that complex quantitative analysis would be likely.
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