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Hi John, That makes total sense but here we are buying $ if I understand properly as what is being multiplied is the 674,250 EUR x 1.1618. Thanks in advance for the clarification!
saif2589 wrote:b) challenging the ED on his view about responsible leadership on wider stakeholders And public interest stating to QH why environment is important to them?
Oki oki but this was not in slide as far as I remeber you needed to write a memoradum…there is one technical article about responsible leadership basically you need to fit it with QH I think some of what you mentioned suits good 🙂 like this point protecting the envrioment would increase public awareness for QH. this in turn would allow investors to invest in the company leading to high profits
saif2589 wrote:2) seperation of audit/risk committee slides i wrote
benefits<br>-independence of thought and decision not involved in self interest threat<br>-segregation of duties as both committies duties will be divided<br>-reduces conflict of interest as both committes would know who they would be accountable to<br>challenges<br>-unity of both committee rather than one committee<br>-more knowledge and skills would be spread if both committies are joinedregarding the audit risk committe I agree with you generally I put some of those, and from the 3rd question I dont rememberit ….what was that question about?
tara19 wrote:It is possible we are talking about 2 different questions. The Q I had was what factors should QH consider when deciding how and what is reported to the stakeholders.
mmm not really the how is been tackled by the IR. Mendelow framework is often used to attempt to understand the influence that each stakeholder has over an organisation’s objectives and/or strategy. In this case it was reffered as you properly say in how and what info we were supposed to share with the stakeholders. As I wrote previously and demostrating commercial accumen organisations besides their annual accounts and gubermentals reports its not common that they prepare other reports for the different stakeholders they have
Zoe wrote:Q1 seemed to me like internal analysis (core competencies and resources) so I thought about using Baldridge performance excellence (there was also a technical article about this on ACCA website which would be a clue) but I couldn’t remember all the elements so I went with Porter’s value chain… rightly or wrongly.
I think you could apply the Baldrige model however in my opinion it was too short time for that , or maybe I was too slow but I just jused the SWOT analysis to analyse the perfomance…
agboolakenny84 wrote:I disagree. How then would you classify the stakeholders using IR ?. Of course you can use power and interest to classify the stakeholders. The government has high power and high interest as they can implement regulations and legislations and they want to ensure that housing was good in Moria.
exactly companies are not preparing reports for the info that employees want f.e…..and in the IR you can tackle it with the 6 capitals. In that way you can give broadly info to your stakeholders. Actually there was a request from one of the clients included in the blog that he was not able to find some info about the company,. If the IR was prepared it will be very possible that this person can find that info and satisfy his needs
tara19 wrote:It is possible we are talking about 2 different questions. The Q I had was what factors should QH consider when deciding how and what is reported to the stakeholders.
mmm not really the how is been tackled by the IR. Mendelow framework is often used to attempt to understand the influence that each stakeholder has over an organisation’s objectives and/or strategy. In this case it was reffered as you properly say in how and what info we were supposed to share with the stakeholders. As I wrote previously and demostrating commercial accumen organisations besides their annual accounts and gubermentals reports its not common that they prepare other reports for the different stakeholders they have
Zoe wrote:Q1 seemed to me like internal analysis (core competencies and resources) so I thought about using Baldridge performance excellence (there was also a technical article about this on ACCA website which would be a clue) but I couldn’t remember all the elements so I went with Porter’s value chain… rightly or wrongly.
I think you could apply the Baldrige model however in my opinion it was too short time for that , or maybe I was too slow but I just jused the SWOT analysis to analyse the perfomance…
tara19 wrote:It is possible we are talking about 2 different questions. The Q I had was what factors should QH consider when deciding how and what is reported to the stakeholders.
mmm not really the how is been tackled by the IR. Mendelow framework is often used to attempt to understand the influence that each stakeholder has over an organisation’s objectives and/or strategy. In this case it was reffered as you properly say in how and what info we were supposed to share with the stakeholders. As I wrote previously and demostrating commercial accumen organisations besides their annual accounts and gubermentals reports its not common that they prepare other reports for the different stakeholders they have
DSAV90 wrote:I thought it was asking the benefits of IR for stakeholder management so was describing it and how it would be helpful by including the various financial and non-financial information for stakeholders to have a broader view of the company with QH being able to demonstrate how it is performing against the all strategic objectives.
fully agree with you 🙂
agboolakenny84 wrote:I don’t think it was IR. I stand to be corrected. You would have to classify the stakeholders into Power and Interest using the stakeholders theory, thereafter you will classify each of the stakeholders and decide how to report to them.
besides in real life that doesnt make sense companies are not making reports or preparing info for different users besides the goverment and the annual accounts that they prepare each year
saif2589 wrote:For stakeholder question I used power/interest and how to approach them apart from focusing a lot on annual reporting I used the form of email, letter, website. Am I correct ?
did you have QH company in your exam? beause if you did definitely not there were reports, brief note, slides, memorandum and one briefing report if I remember good
veexk wrote:How did people respond to the question about comparing the performance of the two divisions? Felt like there wasn’t a lot of info to go from
I agree with you I used the info from the SWOT analysis and add some further info
saif2589 wrote:For stakeholder question I used power/interest and how to approach them apart from focusing a lot on annual reporting I used the form of email, letter, website. Am I correct ?
did you have QH company in your exam? beause if you did definitely not there were reports, brief note, slides, memorandum and one briefing report if I remember good
agboolakenny84 wrote:I don’t think it was IR. I stand to be corrected. You would have to classify the stakeholders into Power and Interest using the stakeholders theory, thereafter you will classify each of the stakeholders and decide how to report to them.
Definitely no this what you have applied doesnt make sense in this question that was included in the exam. It was definitely IR as there was not info about the power & interest of any of the stakeholders, plus with the IR you can tackle the capitals, if I remember good it was mentioned something about how to improve reporting or to give more info to the stakeholders
tara19 wrote:I agree a lot of the questions were related to impact on strategic objectives so I felt like a lot of my answers were very repetitive
Yes I agree with you plus I felt that it was not required the application of any model nor any matrix…did you have the same feeling?
tara19 wrote:As far as I remember the stakeholder question was phrased like ‘ what factors should QH consider when deciding how and what is reported to the stakeholders’
When I first read this question I wrote down integrated reporting and the 6 capitals so when I came to write I would remember.<br>But when I came back to write I read the question again and took the stakeholder matrix route – keep informed, keep satisfied etc. because it mentioned what factors I thought it was asking more how do we know what to report to the stakeholders ie how involved are they rather than what reports do they get – but I could be wrong??<br>I guess now I am thinking about it maybe it could have been leaning more towards they should adopt IR and the advantages. Can someone enlighten me?I used exactly the initially approach that you suggested in my understanding it was IR as with this you can tackle covering info for abroad number of stakeholders and related it with the financial perfomance of the organisation
tina182a wrote:I am not sure as the intro paragraph mentioned QH is not reporting information to stakeholders properly so i used IR but not sure if its right
I did the same and I think this was supposed to be the approach…at least that was my understanding
Scott5190 wrote:Also I thought a lot of the questions related to ‘how this impacts on the strategic objectives’
yes I agree
shirinshana wrote:Quality homes
Q1 – resources and competences that would be a competitive advantage- didn’t use any model thought about PESTEL half way through and there was no time to change.I agree with you in most of the things, IR you could apply it in the question where it was mentioned that stakeholders want more info besides teh financial one
babayag wrote:Does anyone remember the marks break up
me either I dont think it was mandatory to use any model as not enough details were provided to be able to apply PESTEL for example
I dont remember what as the second questio but I think the SWOT analysis was mainly for the division perfomance analysis
I dont think so there wasa just one question about risk and you needed to make an analysis of the perfomance of the divisions so there was not that much risk
what the heck PESTEL??? to which question you apply that I dont think there was need of PESTEL in the exam
