[M.Iqbal – OBU Registered Mentor]

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[M.Iqbal – OBU Registered Mentor]

Dear Bowen,
Firstly congratulations on the finishing of the exams for now. Best of luck for the results.

Your starting point should be the OBU Guidelines referred to as the “Information Pack”. Once you have read it thoroughly then you need to choose a topic which you are comfortable with. Then you need to consider gathering data for the topic you have chosen whilst at the same time looking for a registered OBU Mentor.

Should you require any further help, I would be happy to answer.

Best wishes

[M.Iqbal – OBU Registered Mentor]

@ Trephena-I think Katie needs to get an idea by reading the book and I am pretty sure after doing the exercise which she stated she would be more confident.

@Katie- Do not see a reason for you to be scared. Your project might not be traditional but the basic would always stay the same and that is what you should be aiming get attain from reading the book. If everything was to be given by the book, I am sure it would be banned and would be unfair.

You got a lot to do on the weekend!

[M.Iqbal – OBU Registered Mentor]

@Katie BPP was the best as far as I was concerned. I thoroughly read it and made sure I noted the important points. Also just a polite word of advice, Katie keep all the information which you have received safe BUT first go through the financial statements, calculate ratios and get a broader picture in your head then you get back to the websites trephena suggested. That would make a big difference.

@Trephena Agree with what you say. As a mentor I do tend to encourage students in choosing what they are passionate about but sometimes they might get carried away in their RAP and you can see a confused approach in the RAP.

[M.Iqbal – OBU Registered Mentor]

@ Katie – I had more or less a very similar experience like yours. I knew what my project would be as soon as I started my ACCA but when I passed my exams and the time for the project came, it was so difficult to find the starting point.
Two days were spent in drafting the Executive Summary which I scrapped as I decided to read all the financial statements, calculate the ratios and compare them in my head. Once I had done that, I could see the light at the end of the tunnel and it was no turning back from there. Mind you I spent nearly 15 days just reading various books in this project to gather as much understanding of the requirements and the major areas to cater for in my report.
If you love this area then nothing should stop you. Now that I look back, I feel I should have done my project on Cricket Clubs!

[M.Iqbal – OBU Registered Mentor]

@trephena – Thank you for being so prompt!

[M.Iqbal – OBU Registered Mentor]

@trephena – Can you forward me the emails to me as well please? I would love to get more insight into this extremely exciting topic.

[M.Iqbal – OBU Registered Mentor]

@Katie – It all depends on whether you can get all the relevant information made available to you for the both the clubs.
I would be asking these questions before proceeding:

1.How do I plan on obtaining the financial statements for the Liverpool FC?
2.Will I be able to compare a PLC Vs a Ltd company or do I compare the PLC vs the Group.
3.Are they worth comparing by looking at their lines of businesses and interests apart from the obvious.

It would also be worth keeping an eye on the effect of their performances in the Premier League, their participation in UEFA cups and the effect of participation on their finances and mentioning it in your report.

[M.Iqbal – OBU Registered Mentor]

@montelik. Using the group figures might not give you a proper comparability due to acquisitions. As trephena mentioned in that case you will have to mention the limitations.
I would suggest using the individual company figures for two reason; firstly that it would be more easier to deal with and less stressful which might actually mean that the quality of your analysis is more thorough and reassuring, secondly if these two groups have some non overlapping business interests then your comparison would not really be of much value but using individual companies would surely mean that you have made sector specific comparison which is not only more meaningful but would also add value to your RAP.

[M.Iqbal – OBU Registered Mentor]

Trephena, thank you for the useful reply. Any advise on which graphs and charts should be used? Many students just can not decide sometimes…

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