2012年6月ACCA考试科目F5考前Tips

F5 Tips

1.     Topic Forecast
1）    Target costing
2）    Activity-based costing
3）    Cost-volume-profit analysis
4）    Limiting factors
5）    Quantitative analysis of budgeting and types of budget
6）    Variance analysis
7）    Financial and non-financial performance measurement

2.     Key Knowledge Forecast

a)      Target costing
           Target costing process - calculation target cost and cost gap;
           How to close a target cost gap;
           Benefits of target costing;
           Difficulties in service sector.

b)      Activity-based costing
           Calculation of ABC;
           Benefits and limitations of ABC;
           ABC versus conventional absorption costing methods.

c)       Cost-volume-profit analysis
           Calculation of the breakeven point both in volume and value, margin of safety and C/S ratio;
              Drawing the charts – breakeven chart and P/V charts;
              Multi-product break-even analysis (using P/V chart).

d)      Limiting factors
           Linear programming;
           Slack/surplus and shadow price.

e)       Quantitative analysis of budgeting and types of budget
            Time series analysis;
              Discuss different types of budgeting methods: incremental, ZBB, rolling, bottom-up, top-down, etc.

f)        Variance analysis
              Calculate and comment on all kinds of variances (sales, material, labour, variable overhead, fixed overhead);
              Operating statement;
              Planning and operational variances and when to revise budgets.

g)      Financial and non-financial performance measurement
               Assess financial performance based on provided income statements, such as sales, gross profit, period expenses, net profit, ROCE, ROI, RI and other ratios.
               Assess non-financial performance based on provided information.
              Explain why NFPIs is better indicators than financial ones.
              Fitzgerald and moon’s 6 dimension of performance measurement.