ACCA F5 - Performance Management

Introduction

Studying for the F5 exam

The content of this Knowledge Bank is not designed to be a substitute for a structured system of study towards the exams but rather should help complement your chosen study system.

In particular,

• we do not guarantee full syllabus coverage,
• the knowledge bank focusses on knowledge, concepts and ideas but has very few worked examples or graded exercises for you to practice,
• there are no past exam questions here to attempt
• examiner's articles are not repeated here.

We highly recommend that you complete a structured course of study and obtain text books and exam kits to improve your chances of exam success.

Using the Kaplan Financial Knowledge Bank

The main benefits of the way the content is presented and accessed via the Knowledge Bank are as follows:

• a quick answer to a quick question - if you have a F5 query then you should be able to access a trusted answer quickly and efficiently using either the search function, the top navigation bars or /and the side navigation.
• integrated knowledge - examiners often criticise students for not appreciating how different topics fit together. By following the structured links and navigation bars in the content, you can explore related concepts to integrate your knowledge.
• assumed knowledge - you can revise assumed knowledge from F2 by searching for the relevant topics and reading around the subjects.

The ACCA F5 syllabus

 A good page to start on if you are unclear where to begin would be the overview Management Accounting page and then explore further using the menu on the RHS.

Other useful starting points for exploration are linked to syllabus areas below. Be aware that in many areas the content here goes beyond F5 into P5 territory, so gives you an excellent opportunity to read around the topics.

The syllabus for F5 is split into 5 main areas:

A Specialist cost and management accounting techniques

The best place to start here is with the Costing page. This has numerous pages linked to it, depending on which costing technique you wish to explore.

B Decision-making techniques

Start with the Decision Making page but make sure you look at Relevant Costing as this essentially underpins everything else.

C Budgeting

The best place to start here is with the Budgeting page. This has numerous pages linked to it, depending on which aspect of budgeting you wish to explore

D Standard costing and variances analysis

Start by recapping Standard Costing before looking in detail at the Variances  page and the pages linked to it.

E Performance management systems, measurements and control

The Performance Management page is a good place to revisit before looking specifically at Divisional Performance Management and NFP organisations.

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