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ACCA F5 Performance Management - Exam December 2009

Comments

  • #2
    Beaulieu
    Registered Users, Registered Users 2 Posts: 407 ✭✭Beaulieu


    Hi there -I reckon you should focus on:

    -ABC
    -Lifecycle Costing
    -Backflush Acounting part Q
    -Transfer Pricing (*)
    -Not-for-profit Orgs (esp Charity) (*)
    -Planning & Operational Var (maybe with a labour focus) (*)
    -LP

    THe last few tech articles on the official website have been on these(*).

    Look at the Pilot paper as this is the Examiner's last paper & he's likely to revert to type.

    Good luck!


  • #3
    Roger.Ramjet
    Registered Users, Registered Users 2 Posts: 10 ✭Roger.Ramjet


    Many thanks for the tips!


  • #4
    Roger.Ramjet
    Registered Users, Registered Users 2 Posts: 10 ✭Roger.Ramjet


    Was also looking at the BBP website and they have given the following tips for Perf Mgt:

    F5
    * Performance Management (possibly with transfer pricing)
    * Budgeting including objectives and behavioural aspects
    * ABC
    * Pricing
    * Variances including planning & operating variances

    Think these are for the UK exam, but think that they may also be relevant for the Irish variant - though not 100% sure....


  • #5
    dhorgan3
    Closed Accounts Posts: 88 ✭✭dhorgan3


    Hi roger,

    I am pretty sure there is no specific variant for this exam...

    F5 exam is the same exam for all countries


  • #6
    Beaulieu
    Registered Users, Registered Users 2 Posts: 407 ✭✭Beaulieu


    Roger - what came up? Were tips of any use??


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  • #7
    Roger.Ramjet
    Registered Users, Registered Users 2 Posts: 10 ✭Roger.Ramjet


    Beaulieu wrote: »
    Roger - what came up? Were tips of any use??

    From what I recall, this is what came up.....
    Q 1 - Standard Variance (4 Marks)/ Operational & planning variances (12 marks) with analysis & comment (credit cards I think)
    Q 2 - Target costing - majority marks on cost of nth unit(s) using learning curve with couple marks on how to reduce cost gap
    Q 3 - Financial performance of Theme park - 12 marks on how well they were doing when looking at financial indicators only (as compared to their stated objectives) with 8 marks on analysis risks & quality/safety (I think) as they were not investing in new rides, repairing existing rides, queuing times increase, decrease in customers etc. - essentially achieving short term objectives (3 years) to the detriment of long term health.
    Q 4 - Forecasting - local gov waste disposal - high low method (4 marks)/ Regression analysis (12 marks) - throw in a little inflation and add a pinch of
    seasonal variance for answer / with 4 marks or so on adv & disadv of Incremental Budgeting for local gov authority
    Q 5 - washing machines / tumble driers / dish washers - continue to make tumble drier for next year or not (incremental costs / revenue) or wait until new washing machine with combined tumble drier. Some marks on pricing strategy for existing products & about 3 or 4 marks on outsourcing.

    The above may not be completely correct but is what I recall and thought that the Qs were about... not exactly super confident about passing as only did 3 okish questions (Q1, 2 & 3) and 2 rubbish Qs (4 & 5)... as regards tips I think would be better off putting all topics in a hat and picking out randomly and concentrating on those!!! It doesn’t appear that it is in any way predictable......


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