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F5 useful mnemonics

Forums › ACCA Forums › ACCA PM Performance Management Forums › F5 useful mnemonics

  • This topic has 2 replies, 3 voices, and was last updated 9 years ago by hardingy.
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  • November 28, 2016 at 5:45 am #352045
    ahal
    Member
    • Topics: 9
    • Replies: 12
    • ☆

    Hey guys,
    Can you please share any useful mnemonics that you use for F5 paper.

    December 3, 2016 at 1:11 pm #353417
    charlottem88
    Member
    • Topics: 0
    • Replies: 2
    • ☆

    Hey

    This may sound silly but I use this one for planning and operational variances:

    If you remember “PO” then you can apply ROAR – which is:

    REVISED – ORIGINAL (for Planning variances)
    ACTUAL – REVISED (for Operational variances)

    It may or may not help but for some reason that’s how I remember that one!

    December 6, 2016 at 3:37 pm #354520
    hardingy
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    For VFM Audits

    E – Economy – in
    IE – Efficiency – out
    IVE – Effectiveness- impacts

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