About This Course
Introducing F5|PM Batch by Sir Ahsan Zubair
Features
– Complete coverage of syllabus
– Access to pre-recorded lectures with weekly live sessions
– Course offered in multiple languages
– Marking facility for tests included
– Mocks included
– WhatsApp Group Support throughout the session
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Learning Objectives
In the ACCA (Association of Chartered Certified Accountants) F5 paper, also known as Performance Management, students will learn about various aspects related to planning, decision-making, and performance evaluation within organizations. The syllabus typically covers the following key areas:
Costing Techniques: Students will learn about different costing methods such as absorption costing, marginal costing, and activity-based costing. Understanding these techniques is crucial for analyzing costs and making informed decisions.
Budgeting: This involves preparing, analyzing, and interpreting budgets. Topics may include budgetary control systems, variance analysis, and the use of budgets for performance evaluation and decision-making.
Performance Measurement and Control: Students will learn about performance measurement frameworks and techniques for evaluating organizational performance. This may include the use of key performance indicators (KPIs), balanced scorecards, and other performance management tools.
Performance Evaluation and Management Accounting Systems: This section covers the design and implementation of management accounting systems to support performance evaluation and decision-making. Topics may include responsibility accounting, transfer pricing, and performance appraisal techniques.
Strategic Planning and Control: Students will explore how management accounting concepts can be applied to support strategic planning and control within organizations. This may involve analyzing strategic options, assessing risk, and aligning performance measures with strategic objectives.
Risk Management and Uncertainty: This area focuses on identifying and managing risks within an organization. Students will learn about techniques for assessing risk, such as sensitivity analysis and scenario planning, and how these can be integrated into decision-making processes.
Decision-making Techniques: This involves understanding various quantitative and qualitative techniques for decision-making, such as linear programming, decision trees, and relevant costing.
Overall, ACCA F5 provides students with the knowledge and skills needed to analyze financial and non-financial information, make effective decisions, and support performance improvement within organizations.
Material Includes
- - Access to pre-recorded lectures with weekly live sessions
- - PDFS ARE ATTACHED TO LECTURES OF EACH CHAPTER
- - Course offered in multiple languages
- - Marking facility for tests included
- - Mocks included
- - WhatsApp Group Support throughout the session
Requirements
- Prepare Materials: Ensure you have your textbook, notes, and any additional materials ready for note-taking.
- Active Learning: Engage actively with the content. Pause the video when needed to review concepts or attempt practice questions.
- Take Notes: Make concise notes summarizing key points and techniques discussed.
- Practice Questions: After each section, attempt practice questions to reinforce your understanding.
- Review: Once you've completed the session, review your notes and identify areas for further study or clarification.
- Additional Resources: Utilize additional resources such as textbooks, online forums, and past exam papers for further practice and understanding.
Target Audience
- The audience for ACCA F5 (Performance Management) includes individuals who are pursuing a career in accounting, finance, or business management and are seeking to enhance their knowledge and skills in performance management and decision-making within organizations. This paper is particularly relevant for:
- Students Pursuing ACCA Qualification: ACCA F5 is a mandatory paper within the ACCA qualification framework, so individuals aiming to become ACCA affiliates or members need to pass this exam.
- Accounting and Finance Professionals: Professionals already working in accounting, finance, or related fields who wish to deepen their understanding of performance management concepts and techniques for career advancement or professional development.
- Business Managers and Analysts: Individuals working in managerial or analytical roles within organizations who need to interpret financial and non-financial information, make strategic decisions, and improve organizational performance.
- Consultants and Advisors: Professionals providing consulting or advisory services to businesses in areas such as budgeting, performance measurement, strategic planning, and risk management.
- Graduates and Students of Accounting and Finance: Graduates and students of accounting, finance, or related disciplines who want to acquire specialized knowledge and skills in performance management to enhance their career prospects.
- Overall, ACCA F5 is designed to cater to a wide range of individuals interested in mastering performance management principles and applying them effectively within the context of modern business environments.
Curriculum
35 Lessons
Costing Techniques – ABC Costing
Lecture 1 Activity Based Costing (ABC)22:17
Lecture 2 Activity Based Costing (ABC)56:42
Lecture 3 ABC Complete Question48:56
Lecture 4 ABC Theoretical Discussion21:18
MCQs – Activity Based Costing55:26
Costing Techniques – Throughput Accounting
Costing Techniques – Target Costing
Costing Techniques – Lifecycle Costing
CVP analysis
Limiting Factor
Pricing
Relevant Costing
Risk and Uncertainty
Performance Measurement
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