Professional Documents
Culture Documents
(F5)
September 2016 to June
2017
This syllabus and study guide is designed to help
with planning study and to provide detailed
information on what could be assessed in
any examination session.
THE STRUCTURE OF THE SYLLABUS AND
STUDY GUIDE
Relational diagram of paper with other papers
This diagram shows direct and indirect links
between this paper and other papers preceding or
following it. Some papers are directly underpinned
by other papers such as Advanced Performance
Management by Performance Management. These
links are shown as solid line arrows. Other papers
only have indirect relationships with each other
such as links existing between the accounting and
auditing papers. The links between these are shown
as dotted line arrows. This diagram indicates where
you are expected to have underpinning knowledge
and where it would be useful to review previous
learning before undertaking study.
Overall aim of the syllabus
This explains briefly the overall objective of the
paper and indicates in the broadest sense the
capabilities to be developed within the paper.
Main capabilities
This papers aim is broken down into several main
capabilities which divide the syllabus and study
guide into discrete sections.
Relational diagram of the main capabilities
This diagram illustrates the flows and links between
the main capabilities (sections) of the syllabus and
should be used as an aid to planning teaching and
learning in a structured way.
Syllabus rationale
This is a narrative explaining how the syllabus is
structured and how the main capabilities are linked.
The rationale also explains in further detail what the
examination intends to assess and why.
Detailed syllabus
This shows the breakdown of the main capabilities
(sections) of the syllabus into subject areas. This is
the blueprint for the detailed study guide.
Approach to examining the syllabus
This section briefly explains the structure of the
examination and how it is assessed.
Study Guide
This is the main document that students, learning
and content providers should use as the basis of
their studies, instruction and materials.
Examinations will be based on the detail of the
study guide which comprehensively identifies what
could be assessed in any examination session.
The study guide is a precise reflection and
breakdown of the syllabus. It is divided into sections
based on the main capabilities identified in the
syllabus. These sections are divided into subject
areas which relate to the sub-capabilities included
in the detailed syllabus. Subject areas are broken
down into sub-headings which describe the detailed
outcomes that could be assessed in examinations.
These outcomes are described using verbs
indicating what exams may require students to
demonstrate, and the broad intellectual level at
which these may need to be demonstrated
(*see intellectual levels below).
INTELLECTUAL LEVELS
The syllabus is designed to progressively broaden
and deepen the knowledge, skills and professional
values demonstrated by the student on their way
through the qualification.
The specific capabilities within the detailed
syllabuses and study guides are assessed at one of
three intellectual or cognitive levels:
Level 1: Knowledge and comprehension
Syllabus
MAIN CAPABILITIES
On successful completion of this paper, candidates
should be able to:
BA (P3)
APM (P5)
PM (F5)
F2/FMA
AIM
To develop knowledge and skills in the application
of management accounting techniques to
quantitative and qualitative information for planning,
decision-making, performance evaluation, and
control
Decision-making
techniques (B)
Performance
management and
control (D)
RATIONALE
The syllabus for Paper F5, Performance
Management, builds on the knowledge gained in
Paper F2, Management Accounting. and seek to
examine candidates understanding of how to
manage the performance of a business. It also
prepares candidates for more specialist capabilities
which are covered in P5 Advanced Performance
Management.
The syllabus begins by introducing more specialised
management accounting topics. There is some
knowledge assumed from Paper F2 primarily
overhead treatments. The objective here is to
ensure candidates have a broader background in
management accounting techniques.
DETAILED SYLLABUS
1.
1.
Activity-based costing
2.
2.
Target costing
3.
Management reports
3.
Life-cycle costing
4.
4.
Throughput accounting
5.
5.
Environmental accounting
6.
7.
Decision-making techniques
1.
2.
3.
Limiting factors
4.
Pricing decisions
5.
6.
1.
2.
3.
Standard costing
4.
5.
6.
7.
Performance analysis
Study Guide
b)
DECISION-MAKING TECHNIQUES
1.
a)
a)
b)
b)
c)
c)
2.
Target costing
2.
a)
a)
b)
b)
c)
d)
e)
f)
3.
Limiting factors
a)
b)
c)
c)
3.
Life-cycle costing
a)
b)
c)
4.
Throughput accounting
a)
b)
c)
d)
5.
Environmental accounting
a)
b)
c)
d)
4.
Pricing decisions
6.
a)
a)
b)
c)
d)
e)
f)
1.
a)
b)
c)
d)
e)
b)
c)
d)
e)
f)
g)
h)
5.
a)
e)
f)
d)
4.
a)
b)
c)
d)
5.
a)
b)
g)
h)
i)
j)
2.
a)
b)
6.
c)
a)
b)
c)
d)
d)
e)
f)
3. Standard costing
a)
b)
c)
7. Performance analysis
a)
b)
c)
d)
e)
d)
e)
3.
Management reports
a)
b)
4.
a)
b)
c)
d)
f)
1.
a)
b)
c)
2.
a)
e)
b)
c)
10
f)
5.
a)
b)
c)
d)
6.
a)
b)
c)
d)
7.
a)
b)
c)
d)
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SUMMARY OF CHANGES TO F5
ACCA periodically reviews its qualification syllabuses so that they fully meet the needs of stakeholders such as
employers, students, regulatory and advisory bodies and learning providers.
There are changes to the syllabus and these are summarised in the table below.
Syllabus content
C1 is now combines the previous C1 and C2 and as a
result the learning outcomes have been re-ordered.
Learning outcomes C1g and C1h were previously C8d
and C8f.
C1f is a new learning outcome focused on beyond
budgeting.
Previously was C3 but no change to content
Previously was C4 but no change to content
Previously was C5 but no change to content
Previously was C6 but no change to content
Previously was C7 but no change to content
Previously was C8 and titled Performance analysis and
behavioural aspects. C8d and C8f have been moved
to C1 and as a result the learning outcomes have been
reordered
Additionally the exam format will change in September 2016. Please refer to Approach to examining the
syllabus in this document.
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