F5 Areas likely in P5??

This topic has 3 replies, 2 voices, and was last updated 11 years ago by Ken Garrett.

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November 11, 2014 at 8:22 am #208985
mosingh
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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?
November 11, 2014 at 11:03 am #209062
Ken Garrett
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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.
November 11, 2014 at 12:24 pm #209075
mosingh
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Would revising these from the OT notes be sufficient?
thank you.
November 11, 2014 at 2:13 pm #209122
Ken Garrett
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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.
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