ACCA F5 Performance Management 2011 Syllabus Change

ACCA F5 2011 Syllabus Change

There have been several changes to the Performance Management paper in the ACCA syllabus.

Ins:
Specialist Cost & Management Accounting Techniques–
Environmental accounting. You will need to be able to discuss the issues businesses face in the management of environmental costs and how businesses can account for environmental costs.

Decision-Making Techniques – Cost Volume Profit Analysis. Break even analysis is a tool used by management to provide information about their products. This requires you to calculate and interpret break even points for single and multi-product situations, prepare and interpret profit volume and break even charts and discuss the limitations of this technique.

Decision-Making Techniques – Pricing. You will now be required to determine prices and output levels for profit maximisation using the MC = MR based approach.

Standard Costing and Variance Analysis – Sales mix and yield variances. In addition to materials mix and yield variances you will be required to calculate and identify the cause of sales mix and yield variances.

Outs:
To make room for the additions and to remove any overlap with Performance Management (P5), the following has been removed from the syllabus:

Implications of switching costing techniques for pricing, sales strategy, performance management and decision-making.

Back-flush Accounting (old section A4)