F5 exam tips – December 2012 sitting

Opentuition

1 Activity Based Costing
2 Linear programming
3 Planning and Operational variances
4 Performance measurement – mainly non-financial
5 Budgeting / Learning curves

Kaplan Financial

• Throughput accounting and TOC.
• Learning curves.
• Variances – Sales Variances, market size and market share.
• Decision Trees

BPP

The F5 examination will comprise five compulsory 20 mark questions, usually featuring a scenario and multiple requirements.
It is expected that one of the questions will be entirely written, generally speaking there will be one question from each of the five syllabus areas. Approximately 50% of the marks will be awarded for calculations and 50% for discussion it is therefore imperative that you devote time to practising both skills.
Ann Irons has repeatedly stated in her examiner’s report that students should NOT try to question spot or focus on some areas of the syllabus at the detriment of others. Advice would therefore be to study ALL areas in preparation for the exam.

First intuition

Activity based costing.
Environmental accounting.
Limiting factors.
Cost volume profit analysis.
Budgeting and learning curves.
Variances (including sales mix and quantity + planning and operational).
Financial and non-financial performance assessment.

LCA

Costing systems – ABC, throughput accounting and the theory of constraints.
Short term decision making: CVP analysis, limiting factors.
Budgeting and variance analysis (calculations).
Budgetary systems ( ABB, ZBB etc) and behavioural aspects of budgeting.
Performance measurement – divisional performance, ROCE vs RI.
Transfer Pricing.

Becker

ABC.
Cost volume profit analysis involving PV charts in multi product situations.
Planning variances involving costs.
Performance measurement in non profit organisations.
Budgeting.
Environmental management accounting

LSBF

Throughput accounting, possibly little theory from environmental accounting.
CVP analysis/Linear programming.
Types of budgets/flexible budgets.
Learning curve.
Planning and operational variances, with some basic ones.
Performance analysis of a business over few periods involved.

best of luck with exam!
ansi