在F5的考試大綱中有一部分的內容被刪掉，同時也有一部分的內容加入進來，以下就將這些變化做詳細的介紹

　　大綱中刪除的內容：
1 C1 Objectives
(a) Outline the objectives of a budgetary control system.
(b) Explain how corporate and divisional objectives may differ and can be reconciled.
(c) Identify and resolve conflicting objectives and explain implications.

2 C4 quantitative analysis in budgeting
(b) Explain the use of forecasting techniques, including time series, simple average growth models and estimates based on judgment and experience. Predict a future value from provided time series analysis data using both additive and proportional data.

3 D1 budgeting and standard costing
(d) Prepare budgets and standards that allow for waste and idle time.

4 D2 basic variances and operating statements
(a) Calculate, identify the cause of and interpret basic variances:
(i) Sales price and volume
(ii) Materials total, price and usage
(iii) Labour total, rate and efficiency
(iv) Variable overhead total, expenditure and efficiency
(v) Fixed overhead total, expenditure and, where appropriate, volume, capacity and efficiency.
(b) Explain the effect on labour variances where the learning curve has been used in the budget process.
(c) Produce full operating statements in both a marginal cost and full absorption costing environment, reconciling actual profit to budgeted profit.
(d) Calculate the effect of idle time and waste on variances including where idle time has been budgeted for.
(e) Explain the possible causes of idle time and waste and suggest methods of control.
(f) Calculate, using a simple situation, ABC-based variances.
(g) Explain the different methods available for deciding whether or not too investigate a variance cause.

However, while you can expect questions to sometimes still have a few marks available for basic variance calculations, the main focus will be mainly on the more complex variances.

An extra point to note on learning curves
Please note that learning curves are still covered in the Paper F5 syllabus; they have simply been moved to a different place. Learning curves could be examined either on their own or in conjunction with variances. Nothing has changed.

　　大綱中新增的內容：

1 C3(a) Types of budget

Prepare rolling budgets and activity-based budgets
This addition is fairly self-explanatory. Even at Paper P5 level, it is clear that students often don’t understand these two types of budget properly, so it seemed appropriate to make sure that the preparation of them could be examined in Paper F5.

2 E1 Performance management information systems
(a) Identify the accounting information requirements and describe the different types of information systems used for strategic planning, management control and operational control and decision making.
(b) Define and identify the main characteristics of transaction processing systems; management information systems; executive information systems; and enterprise resource planning systems.
(c) Define and discuss the merits of, and potential problems with, open and closed systems with regard to the needs of performance management.

2 E2 Sources of management information
(a) Identify the principal internal and external sources of management accounting information.
(b) Demonstrate how these principal sources of management information might be used for control purposes.
(c) Identify and discuss the direct data capture and process costs of management accounting information.
(d) Identify and discuss the indirect costs of producing information.
(e) Discuss the limitations of using externally generated information.

3 E3 Management reports
(a) Discuss the principal controls required in generating and distributing?internal information.
(b) Discuss the procedures that may be necessary to ensure security of highly confidential information that is not for external consumption.