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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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.