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Paper F5

Decision trees
The addition of decision trees to the Paper F5 syllabus is a relatively recent one. This article provides a step-by-step approach to decision trees, using a simple example to guide you through.

The learning rate and learning effect
The purpose of this article is to summarise the history of the learning curve effect and help candidates understand why it is important, as well as looking at what past learning curve questions have required of candidates and to clarify how future questions may go beyond this.

Throughput accounting and the theory of constraints - part 1
In the first of two articles, we look at the basic principles of the theory of constraints and throughput accounting.

Throughput accounting and the theory of constraints - part 2
A follow-up to the first part of this article featuring a discussion on the five focusing steps of the theory of constraints, with examples of how these steps might be applied in practice or in the exam. 

Environmental management accounting
Also available as a podcast on iTunes
Environmental management accounting is part of the Paper F5 syllabus and requires students to describe the issues businesses face in managing environmental costs, and the different methods they may use to account for these. 

Performance measurement
This article focuses on a classic performance measurement question, which involves a combination of financial and non-financial analysis.

Cost-volume-profit analysis
Cost-volume-profit analysis allows a business to find its break-even point.

Comparing budgeting techniques 
Also available as a podcast on iTunes
This article critically evaluates the two main methods for preparing budgets - the incremental approach and the zero-based approach.

Materials mix and yield variances
This article explains the theory behind mix and yield variances, and provides examples of how to use them in an exam.

Target costing and lifecycle costing
An explanation of target costing and lifecycle costing, with examples as to how and when you would use these costing techniques. 

Activity-based costing
ABC undoubtedly requires an organisation to spend time and effort investigating more fully what causes it to incur costs, and then to use that detailed information for costing purposes.  

Transfer pricing
Transfer prices are almost inevitably needed whenever a business is divided into more than one department or division.

Not-for-profit organisations - part 1
The first part of the article broadly describes the generic characteristics of not-for-profit organisations.

Not-for-profit organisations - part 2
The second part of the article takes a specific and deeper look at charities, which are one of the more important types of not-for-profit organisations.

The risks of uncertainty
Decisions, decisions – risk, probability and potential outcomes unravelled.

Interpreting financial data
How to interpret financial data. 

Linear programming 
A simple example to illustrate the decision-making technique of linear programming.

Study support videos

Changes to Papers F5, F7, F8 and F9
Lucy Moore, learning support manager at ACCA, outlines the important changes to Papers F5, F7, F8 and F9 being introduced in December 2014.
Cannot access Youtube? Watch it here

Break even and profit volume charts
Karl Ballard from Kaplan Financial takes a look at how to answer exam questions on break even and profit charts.
Cannot access Youtube? Watch it here (part 1 | part 2)

Decision-making techniques
Jo Ryan from BPP provides an overview of how to develop good exam technique when attempting questions on decision making for relevant costing.
Cannot access Youtube? Watch it here

Decision trees
Jo Ryan from BPP explains how to approach Paper F5 exam questions on decision trees including a look at the definitions relevant to preparing decision trees, with reference to how to attempt Question 1 in the June 2013 paper.
Cannot access Youtube? Watch it here

Question 1 debrief
Karl Ballard from Kaplan Financial provides a question debrief for Question 1 of the June 2012 Paper F5 exam, which covered short-term decision making, limiting factor analysis and non-financial factors in outsourcing.
Cannot access Youtube? Watch it here

Question 5 debrief
Karl Ballard from Kaplan Financial provides a question debrief for Question 5 of the June 2012 Paper F5 exam, which covered performance measurement.
Cannot access Youtube? Watch it here

Transfer pricing
Karl Ballard from Kaplan Financial provides an explanation on how to answer Paper F5 exam questions on transfer pricing.
Cannot access Youtube? Watch it here (part 1 | part 2)

Variances
Jo Ryan from BPP considers how to answer exam questions on variances by focusing on the Paper F5 syllabus areas D2, D3, D4 and D5.
Cannot access Youtube? Watch it here

Syllabus updates

Changes to the ACCA Qualification Skills module and Professional level in 2014–15
This article explains the planned updates to the ACCA Qualification syllabuses taking place as part of the process of continuous syllabus refreshment and improvement. The article highlights structural changes to exams, including the latest syllabus changes.

Changes to the Paper F5 syllabus (from June 2013): what they mean to you
A number of areas have been deleted from the Paper F5 syllabus while other areas have been added to it. The purpose of this article is to remind students taking Paper F5 what the exact changes are by listing them in detail and also to explain how the changes may affect future exams by clarifying the kind of requirements that may be asked and, where appropriate, comparing them to previous question requirements.

Exam technique

Examiner's approach to Paper F5
Advice on how to prepare for the exam, and the best ways to achieve success.

Top tips for the Paper F5 exam
This article outlines the key skills considered essential to passing Paper F5.

Approaching written articles
This article identifies the reasons why sitting the Paper F5 exam seems to cause such a problem for students.

Last updated: 14 Nov 2014