F5 Performance Management

An Introduction

What is F5 all about?

• A management accounting paper with a emphasis on measuring

performance

• Builds on knowledge from F2 management accounting

• Examines both computational and interpretational skills

F5 Performance management

Syllabus areas

Costing Decision Budgeting and Standard Performance

methods Making Forecasting Costing measurement
and Variance
Analysis

Costing methods Decision Budgeting and Standard Costing Performance

Making Forecasting and Variance measurement
Analysis
Activity based costing

Target costing

Lifecycle costing

Throughput
Accounting

Backflush accounting

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Costing Decision Making Budgeting and Standard Costing Performance
methods Forecasting and Variance measurement
Analysis
Limiting factors and Linear
programming

Pricing

Short-term decisions

Uncertainty

Costing Decision Making Budgeting and Standard Costing Performance

methods Forecasting and Variance measurement
Analysis
Budgeting

Budgeting types

Forecasting
Techniques

Behavioural aspects

Costing Decision Making Budgeting and Standard Performance

methods Forecasting Costing measurement
and Variance
Analysis

Standard costing

Basic variances

Advanced
variances

Behavioural
aspects

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Costing Decision Making Budgeting and Standard Costing Performance
methods Forecasting and Variance Measurement
Analysis
Divisional performance
appraisal

Non financial performance

Not for profit

Organisations

Public sector

Behavioural implications

F5 Exam format

The examination will contain five compulsory 20

mark questions.

There will be calculation and discursive elements

to the paper with the balance being broadly in
line with the pilot paper.

Generally, the paper will seek to draw questions

from as many of the syllabus sections as
possible.

How to pass F5

• Master the computational techniques and methods

• Understand the theoretical foundation of each syllabus area

• Be able to interpret both the requirements and narrative in the question

• Practise exam questions in a timed exam environment

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