Association of Chartered Certified Accountants (ACCA)

Performance Management

Paper F5

Version 1.1


This resource functions as a management accounting tutorial cum technical reference using the ACCA syllabus.



Click on Lessons to start or continue reading for more information.


Course objective


The objective of this paper is to develop candidates knowledge and skills in the application of of management accounting techniques covering modern techniques, decision making, budgeting and standard costing concluding with how a business should be managed and controlled.


Main capabilities that you will develop


On successful completion of this paper, you should be able to:

  1. Explain, apply and evaluate cost accounting techniques.

  2. Select and appropriately apply decision making techniques to evaluate business choices and promote efficient and effective use of scarce business resource, appreciating the risks and uncertainty inherent in business and controlling risks.

  3. Apply budgeting techniques and evaluate alternative methods of budgeting, planning and control.

  4. Use standard costing systems to measure and control business performance and to identify remedial action.

  5. Assess the performance of a business from both a financial and non-financial viewpoint, appreciating the problems of controlling divisionalized businesses and the importance of allowing for external aspects.


Examination format

The syllabus is assessed by a three-hour paper. You will be given 15 minutes to read. Questions will assess as many parts of the syllabus as possible and will contain both computational and discursive elements.


Four 25-mark question 100
Total time allowed: 3 hours with 15 minutes reading time  


How does this paper relate to other papers in the overall syllabus

The following is the interrelationship of Paper F5 to all the other papers in ACCA qualification syllabus.


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Performance Management

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