ACCA SBL Exam SBL ACCA Actual

ACCA SBL Exam SBL ACCA 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

• 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

• x Pre conditions for Fraud -ANSWER-Incentive - Broke

Opportunity - Poor Controls Attitude/dishonesty - Ethics

• x Deterrents to Fraud -ANSWER-prevention - locked away

detection - random checks response - prosecution

• Legislation
• Governance - NEDs, Audit committee
• Risk Management - Awareness + controls
• Ethical Culture