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Tucker’s Five Step Approach is not specifically mentioned in the syllabus, so is not something that can be specifically asked.
However, if faced with a question involving an ethical conflict you might find it a useful framework to suggest for resolution of the conflict.
You would need to be driven by the information in the scenario. Eg if a course of action is illegal, then end ofnthe conflict! Fairness and moral rectidude might require more discussion.
Any would work, but it depends very much on your learning style.
I would be wary of trying to learn too much detail at the start. Try our notes and lectures
for an overview. It is very important that buy a revision kit to give you lots of question practice. If you do not understand a question and it’s answer then use one of the resources you mention to research it.The BT syllabus is very wide, but not deep.
As you say, at the end of each chapter there is a short test of around 5 questions relating to that chapter.
After you have studied all chapters you can attempt the 50 mark test here:
https://opentuition.com/acca/bt/acca-business-and-technology-bt-revision-mock-exam/
This covers the whole syllabus.
There are control CSFs and building CSFs:
Control = what we have to do in the short-term
Building = what we must do in the long term.Your CSF is fine as a control CSF and should get marks. The innovation csf of the model answer is a building csf.
There can be more csf’s than items mentioned in the mission. Eg, controlling cash flow might be a csf but would not usually be mentioned in the mission statement.
We do not provide practice papers, though there are some questions on our site.
For a large number of questions (essential for your attempt) you will need to buy a revision kit from BPP. There is a 20% discount if ordered through this site.
With regard to C, if the cheque receipts had been recorded the previous month then with respect to those sales invoices, no amount would due be recorded as the debts had been paid:
Dr Cash, Cr Customer’s account in the sales ledger.
If the receipt is now recorded again, their would presumable be a repeat of that entry. Although cash would be too high there would now be an amount showing as owing to the customer so an increase in liabilities and I don’t think that is window-dressing Profit is not affected . Also, C does not contain an implication that this posting is deliberate. It could be a simple error and that would not qualify as fraud. Fraud is defined as something like:
“Fraud” is any activity that relies on deception in order to achieve a gain. Fraud becomes a crime when it is a “knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment.
The current account consists of visible trade (export and import of goods), invisible trade (export and import of services), unilateral transfers, and investment income (income from factors such as land or foreign shares).
The components of the capital account include foreign investment and loans, banking, and other forms of capital, as well as monetary movements or changes in the foreign exchange reserve. The capital account flow reflects factors such as commercial borrowings, banking, investments, loans, and capital.
1 If trading partners buy more from Eland this will increase the current account surplus. Capital account is unaffected.
2 If interest rates rise in Eland this will mean foreign entities will move money to Eland to enjoy higher income. So the capital account moves towards surplus. However, high interest rates reduce consumer expenditure and this will imply fewer goods are imported, The current account also moves towards surplus.
3 No effect on the current account. Capital has been moved into the country through investment so the capital account moves towards surplus.
4 This income being remitted abroad is part of the current account and money leaving will move this towards deficit. No effect on the capital account
Lynn is a director of ABC and on the remuneration committee of DEF + on the risk committee of DEF
Rodney is a director of DEF and on the remuneration committee of ABC + on the audit committee of ABC.Lynn and Rodney will be colleagues on the audit committee of AB and I think it is this, above all that would mean they should not serve on each other’s remuneration committees as there will be a risk of inadequate independence.
Complicated question: don’t worry too much about it.
We don’t produce any lectures specifically for MA2. However, in Chapter 11 of the notes there is an example with answer at the back to work through.
If you want a lecture then try looking at our ACCA MA notes and lectures, chapter 16 (part 4 of the lectures).
https://opentuition.com/acca/ma/acca-management-accounting-ma-lectures/
Personally, I would go for the first option. It leaves question practice to the end so closer to your exam and I think that would be better than spreading out the questions.
This question is nothing to do with APM.
AFR perhaps?
Please repost to the appropriate forum.
Briefly mentioning really well-known examples is fine, but you shouldn’t go into great detail about them. No more than a short sentence.
Your examples of Dropbox and Ebay are fine. If you were talking about e-marketing, then mentioning Google and Facebook could be relevant. If talking about strategies going wrong for even well-established companies then mentioning VW betting on the popularity of e-vehicles could be relevant.
I suggest you stick with the Studyhub notes. Refer to the Kaplan notes on a selective basis, ie only if you feel you need additional information. For example, as the result of trying a revision kit question.
You are asked for the prepayment as at 31/12/X6. You were not asked for the expense that should be charged for 19X6.
At 31/12/X6, $9000 of rent payments relate to 19X7, so this is the prepayment.
Do a Google search on:
SD 2020 APM ACCA.
Stay away from the ACCA site and you should find what you need.
If you Google ‘Flack Supermarket ACCA’ you will be able to download the answer. Come back to me if there is something there that you do not understand.
Sorry. I’ve had a good search on-line through APM material and I haven’t been able to find it.
1 Yes. C = total consumption irrespective of source of the goods.
2 Yes. Government spending is potentially part of the GDP, but if the government spends in importing products, eg weapons, this does not help domestic wealth and this needs to be removed to get the GDP figure.
In your example if a country has no imports, exports or investment and produces 100 chairs the gdp is 100.
However, if 100 chairs are bought (C) by the population and 30 have been imported (I) gdp is 70.
D = domestic.
A large customer base can be categorised several ways:. It is a strength which leads to opportunities.
Strength: you know the contact details of a large number of customers so it is possible to more easily market to them.But that strength also leads to the opportunity of a successful launch of a new product.
Strength: even if one abandons you, you still have many left. If you had only one or two customers, one leaving could be fatal ie a weakness leading to an increased threat of a large fall in demand.
I don’t see that a large customer base can really be described as a weakness.
If the GDP falls, the population is less well off. All consumption will fall irrespective of whether the goods and services are created domestically or are imported.
However, exports should not be affected as they depend on foreign consumption.
So imports down but exports the same. Therefore, the foreign exchange deficit (current account deficit) will fall.
