F5 Performance Management

ACCA F5 Exam Tips

The ACCA F5 paper Performance Management is one of the tougher papers at this level, students tend to struggle to pass this exam first time so it’s important to be sure you have covered all areas of the syllabus and have enough mock exam practice.

There are four main elements to the Performance Management paper:

  1. Specialist cost and management accounting techniques
  2. Decision making techniques
  3. Budgeting and control
  4. Performance measurement and control

You can find the full F5 syllabus and study guide from ACCA here.

Free Online ACCA Study Texts

Keeping costs down when studying ACCA is crucial, with this in mine you can pick up a free online verions of the F5 study text here.

Astranti offer members their free study texts for ALL levels of the ACCA and it’s well worth signing up for. They can be accessed anywhere with an internet connection.

How to pass the ACCA F5 exam

Achieving a pass mark in the F5 ACCA paper is no mean feat. To give yourself the best possible chance, BPP and ACCA have put together a series of videos on what to expect on exam day and F5 exam technique.

ACCA Master Classes

Astranti F5 Performance Management master class is a great way to prepare yourself for passing the F5 ACCA exam first time. It aims to re-enforce the knowledge you have learnt along the way and gives you the opportunity to ask the tutor real time questions.

Alternatively, students who access the recorded master class (after the scheduled class date) you have the benefit of seeing other students questions.

You can find out more information about the ACCA Live Online Masterclasses here.

The masterclasses are spread over two days and will contain over 10 hours of learning material.

Here is what you can expect:

  • The specialist ACCA tutor will guide you through the most examinable topics.
  • There is a specific focus on difficult past questions ensuring you are ready for whatever the exam has in store.
  • It will include how to improve your exam technique, which can score you those all important extra marks in the exam.
  • Interactive questions and answers session with the tutor.

F5 Mock Exams

Mock exams are an integral part of your preparation for passing the F5 Performance Management ACCA paper.

Generally speaking, the biggest difference between passing and failing exams is down to practicing technique and getting feedback on how you fared when taking mock exams.

Astranti offer past exam papers for F5 Performance Management with marking and detailed feedback to see where you went wrong.

For more information on the ACCA mock exam marking and feedback.

You can also find some useful F5 mock exam resources from the ACCA here.

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7 ACCA Study Tips

ACCA student study help

Passing your ACCA exams require a lot of dedication and commitment – it also requires the right approach to studying and revising for your next ACCA exam.

Here are 7 study tips that will help you along your journey to becoming ACCA qualified.

  • Have a study plan – study and revision is more effective when you have a clear plan of what topics you are going to cover and how long you dedicate to each area.
  • Study no longer than 60/90 minutes at a time – the best way to study and learn is to have short, intense periods of study. You learn better this better. Make sure you take breaks every hour and don’t overdo it, it’s better to study 90 minutes every day rather than 12 hours every two weeks.
  • No distractions – make sure your study area is quiet and free of distractions. That means no facebook, television and music playing.
  • Test yourself – taking mock exams and difficult questions is the best way to prepare yourself for exams, really push yourself with tough questions on areas of the ACCA syllabus you struggle with.
  • Talk to others – if possible, try to talk with other ACCA students about your revision and study. Sharing and discussing problems with others is a great way to learn and find answers you might not consider yourself.
  • Mock exams – practice, practice and practice mock exams until you are blue in the face. Having the knowledge is one thing but being prepared for the exam in exam conditions is of the utmost importance with ACCA exams.
  • Relate ACCA to your workplace – if you work in finance then you should think about how you can apply your experiences to the paper you are studying. This can be a great way to reinforce the knowledge you already have.

Remember to check the ACCA website for resources and study help too. There are pages and pages of resources for all ACCA papers and some of this information can be overlooked – you can find a full database of exam support resources from ACCA here.

F4: Coporate and Business Law

ACCA F4 Exam TipsThe ACCA F4 paper Corporate and Business Law offers a change of pace from the more traditional ACCA papers as this one is concerned with the legal system, the financing of companies and employment law.

The main topics you will find in the F4 paper are;

  1. Essential elements of the legal system
  2. The law of obligations and employment law.
  3. The formation and constitution of business organisations
  4. Capital and the financing of companies
  5. Corporate fraudulent and criminal behaviour.

You can find the full F4 syllabus and study guide from ACCA here.

(Please note that regional differences will apply for this paper – full details can be found on the ACCA website as well as on the linked syllabus and study guide).

Free Online ACCA Study Texts

Astranti offer free online study texts for ALL levels of the ACCA qualification and you can find out more on the F4 study text here.

It’s a great way to keep costs down and a practical way of studying anywhere you have an internet connection.

F4 Mock Exams

Passing the F4 ACCA exam requires a detailed knowledge of the syllabus and how to apply it, although you’ll also need to prepared for the exam when the time comes. Taking ACCA mock exams is a crucial if you want to gain a pass mark for the Corporate and Business Law exam. Here are a few mock exam resources to get you started:

F4 Specimen Exam Papers: from the ACCA website

F4 Past exam papers: from the ACCA website.

ACCA mock exam marking and feedback

F4 Exam Technique

BPP and ACCA have collaborated on a series of videos on exam technique for all of their papers. Below is the video on exam technique for the ACCA F4 paper.

 ACCA Master Classes

Students who are self studying ACCA will find these master classes a great way to cement the knowledge you already know about the syllabus and pick up some additional exam tips that will help you pass your next ACCA exam.

You can find out more information about the ACCA Live Online Masterclasses here.

The masterclasses are spread over two days and will contain over 10 hours of learning material. For those who cannot join the ACCA master class live you have the option of watching the recording from the previous class.

Here is what you can expect:

  • The specialist ACCA tutor will guide you through the most examinable topics.
  • There is a specific focus on difficult past questions ensuring you are ready for whatever the exam has in store.
  • It will include how to improve your exam technique, which can score you those all important extra marks in the exam.
  • Interactive questions and answers session with the tutor.

Free ACCA Study Text

Free ACCA study resources

Astranti Financial Training have been providing quality accountancy qualification resources for the last 10 years with a focus on the CIMA qualification.

However, since 2015 they have also started to produce materials and resources for the ACCA qualification. They offer a more affordable alternative than using learning providers like Kaplan or BPP.

By keeping their courses and materials online they have been able to keep costs down and even offer FREE study texts for all levels of the ACCA qualification.

So whether you are starting your ACCA journey with the F1 Accountant in Business paper and you’re looking for a learning provider, or you can on the ACCA professional level P6 Advanced Taxation paper, you can still take advantage of their ACCA Free Study Texts

Student Testimonials

Passed all my Strategic Level Objective Tests in 2 months thanks to your difficult mock exams. I will be using your material for the August SCS.

Thank you as well for your FREE summarised study texts, these saved me a lot preparation time and allowed me to focus on exam technique and questions.

I’d recommend Astranti to anyone!

Astranti Crew, I passed the SCS yesterday with great delight after failing on my previous attempt under the old syllabus and wasn’t very confident this time around. I want to thank you for the quality of content and structure of your course, support throughout the whole process, constant feedback and a personal service which I didn’t feel I got from some of the larger suppliers in the past. I will be sure to recommend you to anyone I know crazy enough to get into finance. Thanks again. Adam (Abu Dhabi)

You can visit here to find out more about the Astranti team.

F3: Financial Accounting

ACCA F3 Exam Tips

The F3 Financial Accounting gives ACCA students their first look at financial reporting, ratio analysis and also some basic consolidated accounting.

The idea of the Financial Accounting paper is develop and understand the underlying principles, concepts and regulations relating to financial accounting and double entry bookkeeping.

ACCA F3 Resources

  • Technical articles on F3: Financial Accounting can be found here.
  • Self-study guides for the F3: Financial Accounting paper can be found here.
  • Printable ACCA study texts from Astranti for the F3 paper can be found here.
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Free Online ACCA Study Texts

Free ACCA study materials

Astranti offer their members free copies of ALL ACCA study texts and you can pickup your copy of the F3 study text here.

It’s a great way to learn and supplement your existing ACCA study materials

 F3 Mock Exams

The ACCA offer some free mock exams or specimen papers that will give you the feel of what to expect on exam day. Please see the links below for a collection of F3 mock exams.

F3 Specimen Papers: from the ACCA.

Computer based practice tests: from the ACCA.

F3 Full online exam

ACCA exam marking and feedback

How to pass the ACCA F3 exam

Achieving the 50% pass mark needed for the F3 Financial Accounting paper can be a tricky task, but if you have the right preparation and enough exam practice then passing the exam is well within reach.

Here is a video below from BPP on how to approach the exam and what to expect on exam day:

There is also an excellent video here from the ACCA that is part of their examiner interview series on the examiners recommendation on how to approach the F3 paper.

ACCA Master Classes

As well as the online and printable versions of the ACCA study text, Astranti also run ACCA master classes for all levels of the qualification.

You can sign up for the  ACCA Live Online Masterclasses here.

Here is what you can expect from the Astranti masterclass:

  • The specialist ACCA tutor will guide you through the most examinable topics.
  • There is a specific focus on difficult past questions ensuring you are ready for whatever the exam has in store.
  • It will include how to improve your exam technique, which can score you those all important extra marks in the exam.
  • Interactive questions and answers session with the tutor.

In total you will get over 10 hours of tuition spread over the course of two days (if you attending the master class live) and they are a great tool for students who are revising for their next ACCA exam and want to achieve a pass first time.

ACCA Exam Pass Rates

Passing the ACCA exams, much like any qualification, get harder as you progress through the different levels. The early fundamental papers have very good pass rates, which illustrates that students are comfortable with the exams and ACCA see these early papers as way to give students the footing they need to progress further down the line.

ACCA Fundamentals Exam Pass Rates 2014-2016

How to pass ACCA exams

  • F1 Accountant in Business has a very good pass rate with over 4 out of 5 students passing the exam. However, the pass rate does dip for the F2 and F3 papers.
  • Students would be advised to be aware that extra effort is needed for these slighter tougher papers.
  • Another interesting trend is that F4 Corporate and Business Law has quite a high pass rate – which may be seen as surprising as ACCA students would feel more comfortable with numerical papers rather than law and theory behind it.
  • Perhaps the toughest paper at this level, based on previous pass rates, is the F5 Performance management. Again, extra effort should be applied to this paper – of course each student has their own particular strengths and weaknesses.

ACCA Professional Exam Pass Rates 2014-2016

ACCA Exam Tips

  • Generally speaking, all of the compulsory professional papers P1, P2 and P3 have on average a 50% pass rate.
  • While the optional papers are much tougher and it’s clear that students struggle to pass these papers. In sames cases – the June 2015 sitting of the P5 Advanced Performance Management – only 28% of the students passed the exam.

There is, of course, no easy paper with facing the ACCA exams but trends suggest that the Performance Management papers (P5 and F5) are tough tasks, while students are excelling at the F4 Corporate and Business Law – perhaps the change from numerical based to theory is a welcome relief for students and they really apply themselves to the law.

Full the full list of ACCA pass rates you can visit here.

F2: Management Accounting

ACCA F2 Exam Tips

F2 Management Accounting looks at the principles and understanding of management accounting and the added value it can bring to the finance function.

It’s part of the foundation level of the ACCA qualification and it will prepare for the more challenging areas ahead. You will be looking at budgeting, costing and performance measurement in the ACCA F2 paper.

ACCA F2 Resources

  • Technical articles on F2: Management accounting can be found here.
  • Examiners report from ACCA can be found here for F2 paper.
  • Printable ACCA study texts from Astranti for the F2 paper can be found here.

Free Online ACCA Study Texts

Self study ACCA students can pick up a copy of the F2 study text here. Astranti offer all members free online versions of their ACCA study materials and it’s well worth getting your hands on.

It gives you the flexibility to study whenever and where ever you want and for no cost!

ACCA Master Classes

As well as the online and printable versions of the ACCA study text, Astranti also run ACCA master classes for all levels of the qualification.

You can sign up for the  ACCA Live Online Masterclasses here.

Alternatively, you can use download the pre-recorded master classes that other students have sat – this is perhaps even more flexible as you can pause and stop the master class and view it at your own pace.

Here is what you can expect from the Astranti masterclass:

  • The specialist ACCA tutor will guide you through the most examinable topics.
  • There is a specific focus on difficult past questions ensuring you are ready for whatever the exam has in store.
  • It will include how to improve your exam technique, which can score you those all important extra marks in the exam.
  • Interactive questions and answers session with the tutor.

In total you will get over 10 hours of tuition spread over the course of two days (if you attending the master class live) and they are a great tool for students who are revising for their next ACCA exam and want to achieve a pass first time.

F2 Mock Exams

You can access the official ACCA F2 mock examination page here.

Astranti offer past exams and exam marking from their professional tutors, you can check to see if there are any available exams for the F2: Management accounting paper here.

How to pass the ACCA F2 exam

The F1 ACCA exam is a two hour long examination that will cover the whole range of the syllabus. The exam is split into two sections.

Section A will contain 30 two mark objective test questions and 16 one mark questions – meanwhile, Section B will contain 6 four mark multi task questions that will each cover the 6 areas of the syllabus mentioned above.

This great video below from ACCA and Kaplan explains the F2 Management Accounting examination in more detail.

In order to pass the ACCA foundation level exam you must score a mark of 50% or more – which is more than capable with the right preparation.