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Dear F5 Students,
As exam is approaching we are going to launch our revision sessions. Don’t forget that exam will take place on 13th of June, which leaves us with 49 days (7 weeks) to prepare.
Before u start preparing I recommend u to read two articles that provide some important information for the exam :1) Top tips for F5 exam (will help u to get https://www.accaglobal.com/students/acca/paperf5/resources/3319825
2) Approaching written questions (article written by examiner – includes how u can use the most from examiners clue words provided in a question – vital for exam!)
https://www.accaglobal.com/students/acca/paperf5/resources/sa_f5_approach_quest.pdf3) The new Paper F5, Per formance Management syllabus for exams commencing from June 2011:
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_jan11_F5_new.pdfDon’t forget that for F5 you’ll need a scientific calculator , e.g. for questions about learning curve etc (u need to be able to use log and grades).
However u will need it only for some minor calculations so ideally, bring the calculator that u are used too and that u were using for preparation and a scientific one.
If u are not used to scientific calculator and almost never use it, practice and practice until u can deal with those calculations in seconds.
It will be a shame to spend time on exam on learning how to use a calculator or even to fail to use it at all!Our revision sessions will be based on the following schedule. The structure of this schedule is based on ACCA syllabus for F5 (https://www.accaglobal.com/pubs/students/acca/exams/f5/syllabus/f5_syll_sg2011.pdf)
Week 1 – MODULE A – Specialist cost and management accounting techniques.
Thursday 28th April 2011 @ 6:30 pm UK – ABC, Target costing, Life-cycle costing
Past paper Q’s: Q3 – June’08 (ABC), Q1 – June’10 (ABC), Pilot paper Q1 (ABC), Q2- Dec’09 (Target costing), Q 4 – Dec’08 (Life-cycle costing),
Kaplan kit Q’s: 2, 3, 4, 6 , 8
BPP kit: 5, 6, 8, 9Tech articles :
1) ABC: https://www.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_jan10_garrett.pdf
Self-test ABC: https://www.accaglobal.com/students/acca/paperf5/resources/sa_f5_selftest_abc12) Target costing and life-cycle costing: https://www.accaglobal.com/pubs/students/publications/student_accountant/archive/Feb10_tarcosting_F5.pdf
Saturday 30th April 2011 @ 9 am UK – Throughput accounting
Past paper Q’s: Q1 – June’09 (Throughput accounting),
Kaplan kit Q’s: 9, 10
BPP kit : 12, 13Tech articles:
3)Throughput accounting and backflush accounting
https://www.accaglobal.com/pubs/students/publications/student_accountant/archive/Feb10_throughput_F5.pdf
Self test : Throughput and backflush accounting :
https://www.accaglobal.com/students/acca/paperf5/resources/sa_f5_selftest_backflush1Sunday 1st May 2011 @ 7 pm UK – Environmental accounting
Kaplan kit Q’s: 11
BPP kit : 22(c)4)Environmental management accounting:
https://www.accaglobal.com/pubs/students/publications/student_accountant/archive/SA_july2010_F5_EMA.pdfWeek 2 – MODULE B – Decision making techniques
Thursday 5th May 2011 @ 6:30 pm UK – Revelant cost analysis , CVP analysis, Limiting factorsPast paper Q’s – Q2 – June’08 , Q3 – June’10 , Q3 – Dec’10
Kaplan kit Q’s: 12, 13, 14, 15, 16, 17, 18, 19
BPP kit : 14, 15, 16, 17, 18, 19Tech articles:
1) Cost-volume-profit analysis (CVP):
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_jul10_F5_t_cvp.pdf2) Linear programming:
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_mar08_cordwell.pdfFREE Kaplan Bitesize tutorials
Relevant costing & Linear programming :
https://financial.kaplan.co.uk/TrainingandQuals/Accountancy/Pages/bitesize-tutorials.aspxSaturday 7th May 2011 @ 9 am UK – Pricing decisions, Make-or-buy and other short term decisions, Dealing with risk and uncertainty in decision making
Past paper Q’s – Q5 – Dec’09 (pricing), Q1 – June’10 (pricing) , Q4 – June’08 (make or buy), Q5 – Dec’09 (make or buy), Q2 – Dec’08 (risk)
Kaplan kit Q’s: 22, 28, 31
BPP kit : 23, 25, 28, 35Tech articles:
1) Transfer pricing :
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_oct09_garrett3.pdf2) Risks of uncertainty
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_apr09_pogue.pdfWeek 3 – MODULE C – Budgeting
Thursday 12th May 2011 @ 6:30 UK – Objectives of budgeting, budgetary systems, types of budgetPast paper Q’s – Q5 – Dec’10 (incremental vs zbb)
Kaplan kit Q’s: 32, 33
BPP kit : 34, 35, 36Comparing budgeting techniques
https://www2.accaglobal.com/students/acca/paperf5/syllabus_c/3310553Saturday 14th May 2011 @ 9 am UK – Quantative analysis in budgeting, behavioural aspects of budgeting
Past paper Q’s – Q3 – Pilot paper, Q3 – Dec’ 08, Q5 – June’09, Q3 – Dec’09, Q5 – June’10Kaplan kit Q’s: 34, 35, 36, 37
BPP kit : 38, 42, 44Tech articles:
1) Quantative aspects in budgeting
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_f5_quantbudgetint_v2.pdf2) Self-test – Quantative aspects in budgeting
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_f5_quantitative.pdf3) Behavioural aspects of budgeting
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_f5_beh_asp_budgeting.pdf4) Self-test – Behavioural aspects of budgeting
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_f5_behaviourable.pdfWeek 4 – MODULE D – Standard costing and variance analysis
Thursday 19th May 2011 @ 6:30 pm UK – Budgeting and standart costing, basic variances, material mix and yield variancesPast paper Q’s – Q4 – Dec’08, Q2 – Pilot paper, Q2- June’10, Q1 – Dec’10
Kaplan kit Q’s: 45, 45
BPP kit : 45 – 50Tech articles:
1) Exam – analysis – variances
https://www2.accaglobal.com/students/acca/paperf5/syllabus_d/33060582) Materials mix and yield analysis
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/Feb10_matvariances_F5_old.pdfSaturday 21st May 2011 @ 9 am UK – Sales mix and quantity variances, planning and operational variances, behavioural aspects of standard costing
Past paper Q’s – Q3 – June’09, Q1 – Dec’09, Q1 – Dec’10
Kaplan kit Q’s: 50, 51
BPP kit : 53, 55, 56, 57Tech articles:
Measuring planning variances:
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_may09_cordwell2.pdfWeek 5 – MODULE E – Performance measurement and control
Thursday 26th May 2011 @ 6:30 pm UK – The scope of performance management, divisional performance and transfer pricingPast paper Q’s – Q4 – Pilot paper, Q1 – Dec’08, Q2 – June’09, Q4 – Dec’09, Q4,5 – Dec’10, Q2 – Dec’10
Kaplan kit Q’s: 55, 57, 59
BPP kit : 65, 69, 70Tech articles:
1)Performance measurement
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_jul10_f5_perf_meas.pdf2) Interpreting financial data
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/sa_may08_cordwell1.pdf+ A free chapter of ex-examiner of F5 , available at open tuition:
https://opentuition.com/acca/f5/understanding-performance-management-geoff-cordwell/Saturday 28th May 2011 @ 9 am UK – Performance analysis in NFPOs and public sector, external considerations and behavioural aspects
Past paper Q’s
Kaplan kit Q’s: 66, 67
BPP kit : 72, 74, 75 ,76Week 6-7 – Mock exams practice + study of examiner’s reports
In order to prepare for sessions we will be using :
– ACCA free resources (technical articles , past exam questions with answers);
– Kaplan resources (study book and kit);
– BPP resources (study book and kit);
– any other resources available (e.g. LSBF, EXP etc)Exam questions are quite lengthy, so we can’t practice full questions during session. Thus, to benefit from this time fully, we will be practicing questions on relevant topics on our own and then gather in a room and discuss difficults bits.
Also we will do random revision consisting of short questions based on topic of discussion.F5 exam consists of 5 compulsory questions, that means u’ll need to approach each of those questions. Never leave any of those 5 questions completely unanswered, try to write your assumptions, ideas : there is no penalty for wrong answers, but there is always a chance that a marker will give u some credit for ur ideas. But as u can imagine, he can’t grant u credit for a blank page : )
Each question always contains some easy marks. Kits outline them quite well. And by regular practice soon you’ll get the idea on how to recognize those easy marks.Follow the number of marks to figure out how much examiner wants from u.
If examiner says : list advantages of using this or that approach and gives u 3 marks for it, that means u need to present 3 advantages. If u can recall more, list more, as u never know which ones exactly the examiner expects from you. However no need to spend 30-40 min on question of such type trying to write absolutely everything that u remember on this topic.Keep in mind that u have 180 min and 100 marks. That means 1,8 min per mark (ideally). Use your reading time to allocate time that u are expected to spend on this or that part of the question.
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FAQsHow to make the best out of these group revision sessions?
Please come prepared! Make a list of questions if possible for sessions so that you can get your questions answeredWhat time will the sessions take place in my country?
To check what time it will be in your country, use this converter https://www.timeanddate.com/worldclock/converter.htmlAny guidelines I need to be aware of before joining?
Yes! Please visit this link for more details https://opentuition.com/groups/general-acca/forum/topic/rules-and-guidelines-for-study-sessions/What if I can’t attend the study sessions?
Don’t worry! All chat sessions will be saved and posted in a separate topic.
*****************************************************************************************************Study well and best of luck for ur exam!
ansi
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