ACCA F2 – Nature of the paper

ACCA F2 – Nature of the paper

Paper F2 – Management Accounting –is concerned with managing the business so as to achieve better performance. It includes topics such as how to calculate the cost of producing items in a manufacturing company, the preparation of budgets, and the calculation of variances as a way of trying to control costs.

Structure of the ACCA F2 paper

The exam consists of two sections:

• Section A will contain 35 two mark objective questions.
• Section B will contain 3 ten mark multi-task questions – one will be on Budgeting, one will be on Standard costing, and one will be on Performance measurement.

Emphasis of the F2 exam

Although most of the arithmetic involved is not difficult in itself,
there is a lot of time pressure – it is difficult to complete all of the questions in two hours. Additionally, there often small ‘tricks’ in the wording of the questions which (especially under time pressure) lead to it being easy to choose the wrong answer even if you are happy with the particular topic.
Although all the questions in Section A carry equal marks, they are not all of equal difficulty. You will find some of the questions very quick and easy, whereas others will take much longer.
Although the majority of questions involve arithmetic, there will be some questions asking you to choose between several written statements.