About PM
The ACCA Performance Management (F5) exam equips you with the skills to assess, analyse, and improve organizational performance. It delves into information systems, budgeting, cost analysis, and strategic decision-making, empowering you to drive effective business results. Think of it as your key to unlocking valuable insights and driving organizational growth.
Exam Structure
- Section A: 15 objective test questions covering the entire Performance Management syllabus.
- Section B: Three questions based on a common scenario, combining calculative and narrative marks.
- Section C: Two questions, worth 20 marks each, focused on syllabus areas C, D, and E, with manual marking.
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Preparing for the Exam:
Emphasizes the importance of both financial and non-financial performance measures in various business contexts.
Stresses the need for strong management accounting calculation skills and understanding implications.Highlights the evolving nature of management accounting questions to reflect real-world changes, with a focus on information systems and technological developments.
SO, Why Choose
Sir Shafi
for your PM journey?
Choosing Sir Ahmed Shafi for PM (F5) isn’t just about passing the exam; it’s about acquiring valuable knowledge and skills that will enhance your career prospects. His comprehensive approach, targeted study materials, and proven track record of success make him the ideal guide on your journey to mastering Performance Management.
Qualifications and Achievements
Demo Lectures
In this Demo, you will:
- Gain a comprehensive overview of the F5 syllabus: Demystify the key areas like budgeting & control, performance measurement, and information systems.
- Dive deep into real-world applications: Discover how performance management principles translate into tangible results across various industries.
- Get insider tips and exam strategies: Uncover valuable insights from Sir Ahmed to boost your confidence and exam readiness.
- Ask your burning questions: Interact with Sir Ahmed Shafi and get personalized guidance on your learning journey.
This demo lecture is perfect for you if:
- You’re curious about the F5 exam and its potential career benefits.
- You want to explore effective performance management techniques.
- You’re seeking expert guidance and proven learning strategies.
Stay ahead in the Exams with Our specialized LMS
TFL-LMS
Our Specialised LMS provides student with the course in well structured manner which ensure effective and efficient study. Customized Testing system in our LMS helps a student to have actual exam experience while attempting homeworks and Mock Exams.
To discover further key features of our LMS, including Access to recorded lectures library, specialized testing system, access to course attachments and comprehensive progress reports, watch our tutorial video.
Watch LMS Walkthrough
COURSE OUTLINE
Specialist Cost and Management Accounting Techniques
- Activity-Based Costing (ABC)
- Target Costing
- Lifecycle Costing
- Throughput Accounting
- Environmental Management Accounting
Decision-Making Techniques
- Relevant Costs for Decision-Making
- Cost-Volume-Profit (CVP) Analysis
- Multi-product CVP analysis
- Limiting Factor Analysis
- Optimal production decisions
- Pricing Decisions
- Make-or-Buy and Shutdown Decisions
- Risk and Uncertainty in Decision-Making
Budgeting and Control
- Budgetary Systems
- Incremental, zero-based, rolling, and activity-based budgeting
- Behavioural Aspects of Budgeting
- Motivation and participation in budgeting
- Dysfunctional behaviors due to budgeting
Standard Costing and Variance Analysis
- Basic, planning, and operational variances
- Sales and operational mix variances
Performance Measurement and Control
- Financial Performance Indicators (FPIs)
- Profitability, liquidity, and efficiency ratios
- Non-Financial Performance Indicators (NFPIs)
- Customer satisfaction, employee engagement
- Balanced Scorecard and Triple Bottom Line
- Divisional Performance Measurement
- ROI and residual income
- Transfer pricing and decentralization
- Performance Management in Non-Profit Organizations
- Public sector vs private sector performance criteria
External Influences on Performance
- Macro-economic and competitive environment analysis
- Sensitivity analysis
Information Systems and Data Analytics
- Role of Management Information Systems (MIS)
- Data collection, analysis, and reporting
- Big Data and Data Analytics in Performance Management
- Use of data to improve decision-making
- Impact of Technology
- Automation and digital tools in performance measurement
Free Resources for PM by Tutor
Frequently Asked Questions
Q1) Why do students opt for F5 as their last ACCA paper?
Ans) Before starting their skills level, students have misconceptions that F5 is a little difficult as compared to other skilled level exams. That’s why they prefer to commence their journey with an easier paper with a high passing ratio. Scoring good marks in the initial paper boosts the confidence of students before giving them an F5.
Q2)What’s the strategy for passing the F5 exam?
Ans)
• Ensure that your calculating methods are connected to the management tool.
• Ensure that the information in the question incorporates your knowledge.
• It takes revision to pass the ACCA F5 test.
Q3)What's the passing ratio for the F5 ACCA exam?
Ans)Lately, the passing ratio has been around 40% for the performance management ACCA paper.
Q4)Is F5 ACCA difficult?
Ans) The F5 exam is regarded as a challenging paper and calls for a strong foundation in knowledge and proficiency in investing and financing knowledge. Students can grow in their ACCA qualification journey and pass the F5 test with the right study and practice.
Q5) How long is the ACCA performance management exam?
Ans)All the questions in the exam are compulsory. The three hours and fifteen minutes of the exam are made up of both longer-form and objective questions. The passing score remains at 50%, like other skilled-level exams.
Q6) What is the scope of financial management?
Ans)Exploring relevant articles is crucial for exam preparation. These articles serve as valuable study resources, providing insights into the real-world applications of performance management concepts. While publication timing doesn’t predict exam content, the ACCA emphasizes that questions may assume familiarity with past articles. Therefore, regularly reviewing articles, regardless of their age or author, ensures a comprehensive understanding and better readiness for the exam. Dedicate a few hours to revisit and absorb the insights shared in articles from the past few years to enhance your exam readiness.
Q7) How is the Performance Management exam structured?
Ans) The exam comprises three sections: Section A with objective test questions, Section B with scenario-based questions, and Section C with more comprehensive questions mainly from syllabus areas C, D, and E.
