Important areas to cover for the December exam include (but are not limited to):
Syllabus area A: ABC, Throughput Accounting, Target Costing and Lifecycle costing.
Syllabus area B: Techniques to assist decision making, including: linear programming, CVP analysis, relevant costing, pricing and incorporating risk and uncertainty
Syllabus area C: Approaches to and types of budgeting systems, variance analysis (both mix and yield and planning and operational variances) and forecasting techniques, especially learning curves Syllabus area D: Appraisal of performance of an entire company or a division, via financial performance measures including traditional ratio analysis, ROI and RI or transfer pricing often contrasted with non-financial performance measures including the Balanced Scorecard
General advice:
Section A of the exam will comprise 20 2 mark multiple choice questions – this will mean that you will need breadth of syllabus knowledge, whilst the 10 and 15 mark questions will require depth of knowledge combined with application. When studying syllabus areas A-C consider what implications of these techniques are for performance management. It is not possible to question spot, or predict what will be tested in the section B questions; therefore the best advice is to study broadly from all syllabus areas.
You can also visit ACCA's website for more information about F5 Performance Management
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