Tài liệu ACCA mới nhất từ BPP môn F5, sách có giá trị cho kỳ thi đến tháng 6-2014, Revision kit. File PDF dạng Text cực đẹp.
P R A C T I C E & R E V I S I O N K I T PAPER F5 PERFORMANCE MANAGEMENT FOR EXAMS UP TO JUNE 2014 BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for the ACCA qualification. In this, the only Paper F5 Practice and Revision Kit to be reviewed by the examiner: We discuss the best strategies for revising and taking your ACCA exams We show you how to be well prepared for your exam We give you lots of great guidance on tackling questions We show you how you can build your own exams We provide you with three mock exams including the December 2012 exam We provide the ACCA examiner's answers as well as our own to the June and December 2012 exams as an additional revision aid Our Passcard and i-Pass product also supports this paper. ii First edition 2008 Seventh edition January 2013 ISBN 9781 4453 6645 6 (previous ISBN 9781 4453 7994 4) e-ISBN 9781 4453 6948 8 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom by Ricoh Ricoh House Ullswater Crescent Coulsdon CR5 2HR Your learning materials, published by BPP Learning Media Ltd, are printed on paper sourced from sustainable, managed forests. All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd. We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested solutions in the exam answer bank have been prepared by BPP Learning Media Ltd, except where otherwise stated. © BPP Learning Media Ltd 2013 iii Contents Page Finding questions Question index v Topic index ix Helping you with your revision – the ONLY F5 Practice and Revision Kit to be reviewed by the examiner .xi Revising F5 Topics to revise xiii Question practice xiii Passing the F5 exam xiii Exam formulae xv Exam information . xvi Useful websites xxii Planning your question practice BPP Learning Media’s question plan xxiii Build your own exams .xxvi Questions and answers Questions 3 Answers 87 Exam practice Mock exam 1 Questions 313 Plan of attack .323 Answers .324 Mock exam 2 Questions 335 Plan of attack .345 Answers .346 Mock exam 3 (December 2012) Questions 363 Plan of attack .373 Answers .375 ACCA examiner's answers June 2012 391 December 2012 .397 Review form iv Finding questions A note about copyright Dear Customer What does the little © mean and why does it matter? Your market-leading BPP books, course materials and e-learning materials do not write and update themselves. People write them: on their own behalf or as employees of an organisation that invests in this activity. Copyright law protects their livelihoods. It does so by creating rights over the use of the content. Breach of copyright is a form of theft – as well as being a criminal offence in some jurisdictions, it is potentially a serious breach of professional ethics. With current technology, things might seem a bit hazy but, basically, without the express permission of BPP Learning Media: Photocopying our materials is a breach of copyright Scanning, ripcasting or conversion of our digital materials into different file formats, uploading them to facebook or emailing them to your friends is a breach of copyright You can, of course, sell your books, in the form in which you have bought them – once you have finished with them. (Is this fair to your fellow students? We update for a reason.) Please note the e-products are sold on a single user licence basis: we do not supply ‘unlock’ codes to people who have bought them second-hand. And what about outside the UK? BPP Learning Media strives to make our materials available at prices students can afford by local printing arrangements, pricing policies and partnerships which are clearly listed on our website. A tiny minority ignore this and indulge in criminal activity by illegally photocopying our material or supporting organisations that do. If they act illegally and unethically in one area, can you really trust them? Using your BPP Learning Media products This Kit gives you the question practice and guidance you need in the exam. Our other products can also help you pass: Learning to Learn Accountancy gives further valuable advice on revision Passcards provide you with clear topic summaries and exam tips Success CDs help you revise on the move i-Pass CDs offer tests of knowledge against the clock You can purchase these products by visiting http://www.bpp.com/acca Finding questions v Question index The headings in this checklist/index indicate the main topics of questions, but questions often cover several different topics. Questions set under the old syllabus Financial Management and Control and Performance Management papers are included because their style and content are similar to those which appear in the F5 exam. The questions have been amended to reflect the current exam format. Time Page number Marks allocation Mins Question Answer Part A: Specialist cost and management accounting techniques 1 Preparation question: Cassiop n/a n/a 3 87 2 Linacre Co (FMC, 12/05, amended) 20 36 4 90 3 Z Co 20 36 4 92 4 Triple (Pilot paper, amended) 20 36 5 93 5 Brick by Brick (6/10) 20 36 6 95 6 Jola Publishing Co (6/08, amended) 20 36 7 98 7 The Gadget Co (12/10) 20 36 8 100 8 Admer 20 36 8 102 9 UHS (6/12) 20 36 9 104 10 Edward Limited (12/07, amended) 20 36 10 106 11 Cambs Co 20 36 11 108 12 Fit Co (12/11) 20 36 12 110 13 Sapu 20 36 13 113 14 Throughput accounting 20 36 13 115 15 A Co 20 36 14 116 16 Yam Co (6/09) 20 36 15 118 17 Thin Co (6/11) 20 36 15 121 Part B: Decision-making techniques 18 ABC plc 20 36 18 124 19 Devine Desserts 20 36 19 127 20 Preparation question: Linear programming n/a n/a 20 128 21 LD Co 20 36 21 131 22 Higgins Co (6/08, amended) 20 36 21 133 23 Cut and Stitch (6/10) 20 36 22 138 24 The Cosmetic Co (12/10) 20 36 23 140 25 RB Co 20 36 24 144 26 New product 20 36 24 146 27 IB 20 36 25 148 28 A1 20 36 26 151 29 Heat Co (6/11) 20 36 26 153 vi Finding questions Time Page number Marks allocation Mins Question Answer 30 T Co (12/11) 20 36 27 156 31 Sunrise 20 36 28 160 32 Ennerdale 20 36 30 161 33 John Robertson 20 36 31 163 34 Robber Co (6/12) 20 36 32 164 35 Pixie Pharmaceuticals 20 36 33 168 36 Sniff Limited (12/07, amended) 20 36 33 169 37 Stay Clean (12/09) 20 36 34 171 38 Bits and Pieces (6/09) 20 36 36 173 39 BDU Co 20 36 36 175 40 Envico (PM, 12/05, amended) 20 36 37 177 41 Rotanola Co 20 36 38 179 42 Cement Co (6/11) 20 36 38 181 43 Preparation question: Decision trees n/a n/a 39 184 44 Elsewhere 20 36 40 185 45 Bargain Co 20 36 40 187 46 SH (12/08, amended) 20 36 41 188 Part C: Budgeting 47 Preparation question: Budgeting n/a n/a 42 189 48 Preparation question: Happy Hotels n/a n/a 42 192 49 PC Co (12/11) 20 36 42 193 50 Brunti 20 36 43 196 51 Sauce Co (6/12 / 12/09, amended) 20 36 43 198 52 Wargrin (12/08, amended) 20 36 44 200 53 ZBB (12/10) 20 36 44 202 54 Northland (6/09) 20 36 45 205 55 Velo Racers (PM, 6/03, amended) 20 36 46 207 56 Q Organisation 20 36 46 209 57 BFG (Pilot paper, amended) 20 36 47 211 58 HC (12/08, amended) 20 36 48 213 59 Big Cheese Chairs (12/09) 20 36 49 215 Part D: Standard costing and variances analysis 60 Preparation question: Mermus (FMC, 12/04, amended) n/a n/a 50 217 61 Preparation question: Chaff Co (6/08, amended) n/a n/a 50 218 62 Lock Co (6/12, amended) 20 36 52 220 63 Carat (FMC, 12/03, amended) 20 36 52 223 64 Choc Co (12/11, amended) 20 36 53 225 65 Linsil (FMC, 6/04, amended) 20 36 54 229 Finding questions vii Time Page number Marks allocation Mins Question Answer 66 Simply Soup (Pilot paper, amended) 20 36 55 230 67 Spike Limited (12/07, amended) 20 36 56 233 68 Crumbly Cakes (6/09, amended) 20 36 57 235 69 Secure Net (12/09, amended) 20 36 58 237 70 Carad Co (12/10, amended) 20 36 58 240 71 Noble (6/11) 20 36 59 243 72 DIY 20 36 60 245 73 Meals 20 36 61 247 Part E: Performance management systems, measurement and control 74 Story 20 36 63 250 75 Trendy clothing 20 36 63 252 76 Lush Co 20 36 64 254 77 ICE 20 36 65 256 78 Beachy 20 36 65 257 79 Viga 20 36 66 259 80 Heighway 20 36 66 261 81 Preparation question: Accounting for business n/a n/a 67 263 82 Biscuits and cakes (6/12) 20 36 68 265 83 Brace Co (6/11) 20 36 69 268 84 Investment group 20 36 70 270 85 Boats and cladding 20 36 71 272 86 Pasta division 20 36 71 273 87 Preparation question: Transfer pricing n/a n/a 72 274 88 Bath Co (12/11) 20 36 73 276 89 FP Photocopiers and SW Ltd 20 36 74 280 90 Hammer (6/10) 20 36 75 281 91 All Premier Services (FMC, 12/01, amended) 20 36 76 283 92 Woodside (FMC, 6/07, amended) 20 36 76 287 93 Preston Financial Services (Pilot paper, amended) 20 36 77 289 94 Ties Only Limited (12/07) 20 36 78 291 95 Jump (6/10) 20 36 79 293 96 The Accountancy Teaching Co (12/10) 20 36 80 295 97 Bridgewater Co (6/08, amended) 20 36 81 299 98 PC (12/08, amended) 20 36 82 302 99 Oliver's Salon (6/09) 20 36 83 304 100 Thatcher International Park (12/09) 20 36 84 307 viii Finding questions Mock exam 1 Questions 101 to 105 Mock exam 2 Questions 106 to 110 Mock exam 3 (December 2012) Question 111 to 115 Planning your question practice Our guidance from page xxvi shows you how to organise your question practice, either by attempting questions from each syllabus area or by building your own exams – tackling questions as a series of practice exams. June and December 2013 exams BPP’s answers for these exams will be available for free after the exams on http://www.bpp.com/acca Finding questions ix Topic index Listed below are the key Paper F5 syllabus topics and the numbers of the questions in this Kit covering those topics. If you need to concentrate your practice and revision on certain topics or if you want to attempt all available questions that refer to a particular subject, you will find this index useful. Syllabus topic Question numbers Absorption costing 1, 2, 3, 4, 5, Mock 2 Q1, Mock 3 Q5 Activity based costing 2, 3, 4, 5, 6, 7, 8, 13, 50, Mock 2 Q2, Mock 3 Q5 Balanced Scorecard 81, 83, Mock 2 Q4 Behavioural aspects of standard costing 62, 63, 65, 69, 70 Budgetary systems and types 48, 50, 51, 52, 53, Mock 1 Q2, Mock 3 Q4 Budgeting objectives 47, 49, 95 Cost function 25, 41 Cost volume profit (CVP) analysis 18, 19, Mock 3 Q1 Decision rules 39, 40, 41, 42, 44, 46 Decision trees 43, 44, 45 Demand 25, 41 Environmental accounting 15, 27 Expected values 39, 40, 41, 54 Financial performance indicators 80, 81, 84, 85, 86, 91, 93, 94, 95, 96, 97, 98, 99, 100, Mock 1 Q4, Mock 3 Q3 Fitzgerald & Moon Building Block model 84, 99 Flexible budgets 60, 71, 73 Forecasting 10, 97 Further processing decision 32, 38 Incremental costs and revenues 38 Learning curve 55, 56, 57, 58, 59, Mock 1 Q5 Life-cycle costing 10, 12, 13, 52, Mock 1 Q1 Linear programming 20, 21, 22, 23, 24 Make-or-buy decisions 34, 35 Management reports 78, 79 Marginal costing 1, 14, 61 Market research 25, 41, Mock 1 Q1 Material mix and yield variances 63, 64, 65, 66, 68, 72 Non-financial performance indicators 80, 81, 87, 93, 94, 96, 98, 99, 100, Mock 1 Q4 Not-for-profit organisations 51, 53, 91, 92 Operating statements 92, Mock 2 Q3 Outsourcing 34, 35, 36, 37 Performance management information systems 74, 75 Planning and operational variances 65, 67, 68, 69, 70, 72, Mock 3 Q2 Pricing decisions 3, 4, 5, 25, 26, 27, 28, 29, 33, 37, 38, 58, Mock 2 Q2 Process costing 32 Quantitative analysis in budgeting 54, 55, 56, 57, 59 [...]... comments and suggestions regarding syllabus coverage, the BPP Learning Media Practice and Revision Kit provides excellent, ACCA- approved support for your revision Tackling revision and the exam Using feedback obtained from ACCA examiners as part of their review: We look at the dos and don’ts of revising for, and taking, ACCA exams We focus on Paper F5; we discuss revising the syllabus, what to do (and... 71, 72, 73 Mock 1 Q3, Mock 2 Q3, Mock 3 Q2 Finding questions Helping you with your revision – the ONLY F5 Practice and Revision Kit to be reviewed by the examiner! BPP Learning Media – the sole Platinum Approved Learning Partner content As ACCA s sole Platinum Approved Learning Partner – content, BPP Learning Media gives you the unique opportunity to use examiner-reviewed revision materials for the... 4 Revising F5 xxi Useful websites The websites below provide additional sources of information of relevance to your studies for Performance Management www.accaglobal.com ACCA' s website The students’ section of the website is invaluable for detailed information about the qualification, past issues of Student Accountant (including technical articles) and interviews with examiners www .bpp. com Our... your college may prefer an alternative but equally valid approach BPP Learning Media’s question plan The BPP plan below requires you to devote a minimum of 30 hours to revision of Paper F5 Any time you can spend over and above this should only increase your chances of success Step 1 Review your notes and the chapter summaries in the Paper F5 Passcards for each section of the syllabus Step 2 Answer the... programme-related content xxii Revising F5 Planning your question practice We have already stressed that question practice should be right at the centre of your revision Whilst you will spend some time looking at your notes and Paper F5 Passcards, you should spend the majority of your revision time practising questions We recommend two ways in which you can practise questions Use BPP' s Learning Media's question... parts as well as doing the calculations Avoid looking at the answer until you have finished a question Your biggest problem with F5 questions may be knowing how to start and this needs practice Also ensure that you attempt all three mock exams under exam conditions Passing the F5 exam Displaying the right qualities You are expected to have a core of management accounting knowledge from your previous... produce X units = the time taken for the first unit of output = the cumulative number of units = the index of learning (log LR/log 2) = the learning rate as a decimal Revising F5 xv Exam information Important information regarding the F5 examiner The examiner for this paper is Ann Irons, who replaced Geoff Cordwell from the December 2010 sitting onwards Ann Irons has written several articles in Student... significant amount of really low marks (many less than 20%) It looked like some candidates yet again had not revised some of the key areas F5, by its nature, is a fairly challenging paper It is a paper that requires a significant level of work in order to pass it Revising F5 xvii It relies on learning/revising a substantial number of management accounting techniques and then also being able to explain them... included in this Kit as not examinable under the 2013 F5 syllabus Examiner's comments This paper consisted of five compulsory 20 mark questions The mix of narrative to numerical requirements was 47% to 53% Most candidates attempted all questions and there was no evidence that the paper was found to be particularly time pressured xviii Revising F5 December 2009 Question in this Kit 1 Variance analysis:... practice on these topics, and see the different ways in which they might be examined BPP' s question plan highlighting the most important questions and explaining why you should attempt them Build your own exams, showing how you can practise questions in a series of exams Making the most of question practice At BPP Learning Media we realise that you need more than just questions and model answers . Mock 3 Q2 Using your BPP Learning Media Practice and Revision Kit xi Helping you with your revision – the ONLY F5 Practice and Revision Kit to be reviewed. ix Helping you with your revision – the ONLY F5 Practice and Revision Kit to be reviewed by the examiner .xi