By BPP Learning Media
The organization of Chartered qualified Accountants (ACCA) is the worldwide physique for pro accountants. With over a hundred years of delivering world-class accounting and finance skills, the ACCA has considerably raised its foreign profile lately and now helps a BSc (Hons) in utilized Accounting and an MBA.BPP studying Media is an ACCA reputable writer. Paper F5, functionality administration, goals to enhance wisdom and abilities within the program of administration accounting info. scholars should have a data of administration accounting thoughts and be ready to practice their wisdom to a functionality administration challenge. The emphasis is on functional parts and alertness to the true world.F5 is the center paper within the administration accounting part of the qualification constitution, among F2, which matters simply thoughts and P5, which thinks strategically.The key syllabus parts in F5 are: * expert expense and administration strategies * Decision-making options * Budgeting * usual costing and variances research * functionality dimension and control.This examiner-reviewed learn textual content comprises all you must understand for F5, that includes sensible functions of administration accounting concepts. wisdom so you might have out of your past reviews resembling uncomplicated variance research is obviously pointed out and in brief reviewed. tougher new themes comparable to studying curves are essentially defined with lots of examples and inquiries to support your knowing. keyword phrases are pointed out all through that can assist you to benefit new terminology reminiscent of short-termism and overall caliber management.BPP studying Media is the writer of selection for lots of ACCA scholars and school prone world wide. subscribe to them and plug right into a global of workmanship in ACCA tests.
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Extra resources for ACCA - F5 Performance Management: Study Text
True 5 Fill in the blanks in the statements about marginal costing and absorption costing below. (a) (b) 6 False If inventory levels ………………………… between the beginning and end of a period, absorption costing will report the higher profit. If inventory levels decrease, ………………………… costing will report the lower profit. Fill in the following blanks with either 'marginal' or 'absorption'. (a) (b) (c) (d) (e) Using ……………………… costing, profits can be manipulated simply by changing output and inventory levels.
In period 2, sales were 1,700 units, production was 1,400 units. Required Prepare profit statements for each period and for the two periods in total using both absorption costing and marginal costing. Answer It is important to notice that although production and sales volumes in each period are different, over the full period, total production equals sales volume. The total cost of sales is the same and therefore the total profit is the same by either method of accounting. Differences in profit in any one period are merely timing differences which cancel out over a longer period of time.
It was also examined in June 2008 and June 2010 and is therefore a crucial topic to understand. 1 Activity based costing FAST FORWARD 6/08, 6/10 An alternative to absorption costing is activity based costing (ABC). ABC involves the identification of the factors (cost drivers) which cause the costs of an organisation's major activities. Support overheads are charged to products on the basis of their usage of an activity. • • For costs that vary with production level in the short term, the cost driver will be volume related (labour or machine hours).
ACCA - F5 Performance Management: Study Text by BPP Learning Media