Kaplan tips ACCA F5:

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1 Variance analysis mix & yield 2 Learning curves and Target costing 3 Divisional financial and non-financial performance 4 Throughput accounting 5 Decision making under uncertainty (maximin etc.)

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aCCA F5

Specialist Cost and Management Accounting Techniques: ABC vs AC, throughput accounting & target costing have featured recently. Be prepared to discuss environmental accounting techniques as this is a new area on the syllabus.

Decision making techniques: Relevant costing, linear programming and risk & uncertainty have been examined recently; pricing can be combined with other parts of the syllabus and questions can now include an optimal pricing element.

Budgeting: Discussion marks often focus on the appropriateness of budgeting types or the behavioural impacts of types of budgeting. Numerical elements in a budgeting question could include flexed budgets, time series analysis or learning curves.

Standard costing & variance analysis: Questions typically require discussion of performance based on variances given and calculation of some variances. Sales mix and quantity variances are new to the syllabus and could form a numerical element to this type of question.

Performance Measurement and Control: Questions focusing on interpretation of performance and financial vs. non financial measures have featured on all papers to date. Questions could focus on the public sector, divisional performance measures such as ROI / RI or a discussion of the impact on performance of various transfer prices.