ACCA - SBL EXAM LATEST UPDATE
What structure for Ethical considerations? - ANSWER Tucker's 5 Questions
What structure for deciding strategy on public sector projects - ANSWER Public
Sector Portfolio Matrix
ACCA - 5 Skills? - ANSWER Commercial Acumen
-Judgement
- Awareness
Analysis
-Investigate
-Enquire
-Consider
Communication
-Inform
-Persuade
-Clarify
Evaluation
-Assess
-Estimate
-Appraise
Scepticim
-Probe
-Question
-Challange
What model for environmental? - ANSWER PESTEL
,5 Forces
National
What model for competitiveness? - ANSWER Porter 5 forces
What model for national competitiveness? - ANSWER Porter's diamond
What model for internal resources? - ANSWER M Model
What model for outsourcing? - ANSWER Harmon's Process Strategy
What model for Parent / Sub advantage? - ANSWER Ashridge Portfolio
What model for E(Risk)M? - ANSWER COSO
What model for performance? - ANSWER CSF - KPI's
Balridge
Balanced Score Card
Benchmarking
Boston Consulting Group Matrix
What model for options for growth? - ANSWER Ansoff's Matrix
What model for choosing a strategy? - ANSWER SAF
S-uitable
A-cceptable
F-easable
What model for assessing new project risk? - ANSWER Likelihood Vs Impact
what system of accounting accounts for lifecycle - ANSWER Full cost accounting
What is the purpose of Ethics? - ANSWER Convey values
Control unethical practice
Stimulate improved behaviour
What are the components of an Ethics policy? - ANSWER E-mployees policies eg
equal ops, training
,T-ransparent & Truthful to shareholders
H-ow customers are treated (complaints procedures etc)
I-nclude all stakeholders
C-ompany Values
S-ourcing + Procurement
What are limitations to Codes of Ethics? - ANSWER Reduces ethics to a code.
Need Personal integrity
Incomplete - Cannot capture all dilemmas
Regional variations
Moral 'right' contingent on context
Not legally enforceable
What are ethical threats? - ANSWER Cultural Differences
Not reported/discovered
Internal Pressure
Lack of competence
Absence of leadership
Lack of Governance
Professionalism x 5 - ANSWER Integrity
Objectivity
Professional competence and due care
Confidentiality
Professional behaviour
, Public Interest - ANSWER increased economic certainty in the marketplace
sound decision-making
sound and transparent financial information
comparability across different organisations and jurisdictions
sound corporate governance
Effective performance management
Increased efficiency and better resource utilisation
Ethical threats x 5 - ANSWER Self-interest
Self review
Advocacy
Familiarity
Intimidation
(Management threat)
Levels of Safeguards - ANSWER safeguards in the work environment,
safeguards that increase the risk of detection
specific safeguards to deal with particular cases.
Two types of fraud - ANSWER Misstatement of financial position
Misappropriation of Assets
3 x Pre conditions for Fraud - ANSWER Incentive - Broke
Opportunity - Poor Controls
Attitude/dishonesty - Ethics
3 x Deterrents to Fraud - ANSWER prevention - locked away
detection - random checks
response - prosecution
- Legislation
What structure for Ethical considerations? - ANSWER Tucker's 5 Questions
What structure for deciding strategy on public sector projects - ANSWER Public
Sector Portfolio Matrix
ACCA - 5 Skills? - ANSWER Commercial Acumen
-Judgement
- Awareness
Analysis
-Investigate
-Enquire
-Consider
Communication
-Inform
-Persuade
-Clarify
Evaluation
-Assess
-Estimate
-Appraise
Scepticim
-Probe
-Question
-Challange
What model for environmental? - ANSWER PESTEL
,5 Forces
National
What model for competitiveness? - ANSWER Porter 5 forces
What model for national competitiveness? - ANSWER Porter's diamond
What model for internal resources? - ANSWER M Model
What model for outsourcing? - ANSWER Harmon's Process Strategy
What model for Parent / Sub advantage? - ANSWER Ashridge Portfolio
What model for E(Risk)M? - ANSWER COSO
What model for performance? - ANSWER CSF - KPI's
Balridge
Balanced Score Card
Benchmarking
Boston Consulting Group Matrix
What model for options for growth? - ANSWER Ansoff's Matrix
What model for choosing a strategy? - ANSWER SAF
S-uitable
A-cceptable
F-easable
What model for assessing new project risk? - ANSWER Likelihood Vs Impact
what system of accounting accounts for lifecycle - ANSWER Full cost accounting
What is the purpose of Ethics? - ANSWER Convey values
Control unethical practice
Stimulate improved behaviour
What are the components of an Ethics policy? - ANSWER E-mployees policies eg
equal ops, training
,T-ransparent & Truthful to shareholders
H-ow customers are treated (complaints procedures etc)
I-nclude all stakeholders
C-ompany Values
S-ourcing + Procurement
What are limitations to Codes of Ethics? - ANSWER Reduces ethics to a code.
Need Personal integrity
Incomplete - Cannot capture all dilemmas
Regional variations
Moral 'right' contingent on context
Not legally enforceable
What are ethical threats? - ANSWER Cultural Differences
Not reported/discovered
Internal Pressure
Lack of competence
Absence of leadership
Lack of Governance
Professionalism x 5 - ANSWER Integrity
Objectivity
Professional competence and due care
Confidentiality
Professional behaviour
, Public Interest - ANSWER increased economic certainty in the marketplace
sound decision-making
sound and transparent financial information
comparability across different organisations and jurisdictions
sound corporate governance
Effective performance management
Increased efficiency and better resource utilisation
Ethical threats x 5 - ANSWER Self-interest
Self review
Advocacy
Familiarity
Intimidation
(Management threat)
Levels of Safeguards - ANSWER safeguards in the work environment,
safeguards that increase the risk of detection
specific safeguards to deal with particular cases.
Two types of fraud - ANSWER Misstatement of financial position
Misappropriation of Assets
3 x Pre conditions for Fraud - ANSWER Incentive - Broke
Opportunity - Poor Controls
Attitude/dishonesty - Ethics
3 x Deterrents to Fraud - ANSWER prevention - locked away
detection - random checks
response - prosecution
- Legislation
