F5 Exam tips – June 2012 sitting

updates:

ATC

• Be aware of the big difference between F2 and F5: you have to understand and discuss calculations rather than just do them.
• F5 requires a certain amount of interpretation. Practise these types of questions.
• Don’t get bogged down by the many different types of variance. The most important variances are the ‘basic’ ones, materials mix and yield varaiances, sales mix and quantity and planning.
• Show any workings. Provide your main answer first, with workings underneath

BPP

• Environmental accounting techniques.
• ABC.
• CVP or dealing with risk and uncertainty.
• Budget appropriateness and behavioural impacts.
• Mix and yield variances, planning, operational, as well as basic variances.
• Performance measurement and control – likely to be tested at every sitting.

Kaplan Financial

• Throughput accounting and TOC.
• Zero based budgeting.
• Multi-product breakeven charts.

First Intuition

• ABC.
• Target costing.
• Environmental accounting.
• Cost volume profit.
• Limiting factors.
• Forecasting techniques.
• Variances including planning and operational.
• Performance measurement including building block model.