PAPER F5, PERFORMANCE MANAGEMENT From December 2014 the Paper F5 exam is being re-structured as follows: New structure
The syllabus is assessed by a three-hour paper-based exam. All questions are compulsory. It will contain both computational and discursive elements. Some questions will adopt a scenario/case study approach. The exam structure consists of: Section A | (%) | 20 x 2 mark objective test question | 40 | | | Section B | | 3 x 10 marks | 30 | 2 x 15 marks | 30 | | 100 |
The two 15-mark questions will come from decision making techniques, budgeting and control and/or performance measurement and control areas of the syllabus. The section A questions and the other questions in section B can cover any areas of the syllabus. Syllabus changes
There were no deletions but a few additions to clarify what was already assumed in the syllabus as detailed below in Table 3:
Table 3 – Additions to Paper F5
Section and subject area | Syllabus content | A4 Throughput accounting | (a) Discuss and apply the theory of constraints | C3 Quantitative analysis in budgeting | (b) Estimate the learning rate and learning effect | D8 Performance analysis and behaviour aspects | (a) Analyse and evaluate past performance using the results of variance analysis
(b) Use variance analysis to assess how future performance of an organisation or business can be improved | D4 Performance analysis in private sector organisations | (c) Analyse past performance and suggest ways for improving for improving financial and non-financial performance | Note that budgeting and standard costing are now merged into one syllabus area – budgeting and control | |
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