F5 Areas likely in P5?? — OpenTuition Forums

Mmosingh11y ago

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?

kengarrettTutor11y ago#1

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.

Mmosingh11y ago#2

Would revising these from the OT notes be sufficient? thank you.

kengarrettTutor11y ago#3

Should be - but it is very important in P5 do look at lots of exam questions. This exam has little additional theory beyond P3 and F5, but the questions are very different.