ACCA F5 Performance Management - 2010 - Study T...
In addition to these capabilities candidates are expected to show the ability to gather new knowledge from the general technical press and so the articles in Student Accountant will be sources of topics for exam. These articles will also be the principal route by which the students will have new techniques and trends communicated outside of the slower cycle of revisions to the syllabus. Candidates should note that unlike in the compliance topics such as financial reporting and tax, changes are not regularly made to the syllabus areas so that older articles may well be as relevant to the upcoming exam as the most recent ones. Any additional reading beyond the ACCA-approved texts and Student Accountant articles should be viewed as advisory and not required. However, candidates are advised to broaden their general business knowledge by the regular reading of good quality business newspapers and magazines. This will provide additional background and examples of the techniques and issues of performance management.
ACCA F5 Performance Management - 2010 - Study t...
P5 develops key aspects introduced at the F5 level with a greater focus on the synthesis and evaluation of the key topics and techniques. It will also introduce more specialised techniques and current issues in performance management. Therefore, candidates should not expect to be retested in an F5 style on topics but need to be aware that all of F5 knowledge is assumed to be known and will now be used in a more critical capacity.
Remember that, broadly, the exam tests the capabilities that are required of a candidate (listed above). The exam aims to address issues at both the strategic and operational levels and often requires a candidate to understand the connections between these levels. For example, the question of how strategic objectives flow through critical success factors to performance indicators as in Question 1 of the December 2010 exam or applying the performance pyramid in order to suggest additional KPIs (strategic level) and a set of operational performance measures as in Question 2 of December 2011 exam.
Conventional costing records costs only as they are incurred, but recording those costs is different to controlling those costs and performance management depends on cost control, not cost measurement.
In 2015, I was planning to recover from that time. But it was hard to study again after three years gap. In June 2015, I discovered a step towards hope and planned to sit an exam in three months time. I chose self-study for paper F4 (Corporate and Business Law) as it was the easy subject of part two. Beside this, I started taking tuition for paper F5 (Performance Management) and F6 (Taxation UK) for December 2015 session. In October, I attended and passed the paper F4, and it was a critical point to growing my confidence. With full of confidence, I again started my journey for December session. A few days later, I did an accident, and it was my bad luck that my leg was fractured. But I didn't stop to attend the classes and also didn't stop dreaming of becoming an ACCA. However, I couldn't take preparation for the exam because of pain, but I attended the exam in December session. In January 2016, when result published, I passed paper F5, but unfortunately, I failed in paper F6. My faculty for paper F6, Mr. Abdullah Al Mahmud Kayes was surprised more than me, because, my performance in class was good enough to pass. 041b061a72
