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Thanks LL and Trephena. I understand that independent research is critical. I think I am currently experiencing information overload and as a result is being confused.
Hi Trephena,
I must first thank you and the forum for the wealth of information that is available and how helpful it is in guiding us students.
I am currently doing Topic 17 and chose HSBC as my company for analysis, I have Barclays as the comparator but my mentor said i don’t need a comparator. I read through the forum and saw that the use of a comparator would enhance the report so might still go ahead and use it.
My main struggle right now is part 3 and deciding what information from the code to use (since the code has a wealth of information and all of it seems relevant) and how to present it. I started by using a table format to state what the code says and then what HSBC’s Annual Report says. for example re the composition of the board i wrote how the ED and NED should make up at least half of the board as well as the skills and experience and the diversity in terms of male to female percentage for the code section. Can i then go on to state that i used maybe a pie chart to show the results in figures 1 and 2 below and say something brief about the skills and experience in the table? what i am asking is if i can present part of the findings in the table itself and also as a pie chart?
Secondly, should i show the findings from my independent research directly after i compare the code to HSBC, during the comparison or as a summary in the conclusion? so far i have found that HSBC’s practices as reported in their Annual Report are consistent with the code but found articles that mentioned some fines that HSBC were giving as well as them being accused of tax evasion for example. I am thinking this analysis would serve well in the conclusion section. What are your thoughts?
Thanks for your prompt reply. When I asked for examples I really had some theories in mind that I had researched and was wondering if I was on the right path in terms of these being a bit more modern, for example I found one named the goal setting theory of motivation by Edwin Locke and reinforcement theory by BF Skinner.
I am about to commence work on T6 and was wondering which theories are better to use, for example can I use the old theories such as Maslow’s, Hertzberg’s and Vroom’s or do I have to research more recent ones?
If yes can I be given some examples please?
@helplogon. We were asked to prepare an incremental budget not a zbb. An incremental budget uses last period’s budget then adds on a percentage for inflation and estimated growth.
Lol. I am a total mess right now. I calculated the average time for 600 and 599 units, then subtract the total time for both to arrive at the total time for 600 (2.46hrs), therefore i thought the revised cost was 10.4hrs * $15. Is the anticipated 600 units irrelevant?
I calculated the total efficiency variance to be as follows:
Budgeted hrs (560*8) 4480
Actual hrs 3500
980*15=$14,700FIs this what you were talking about in paragraph one?
Sorry. I calculated the extra hours using the learning curve to be 2.46hrs. I am stucked trying to work out the planning and operational variance parts. I worked out the planning variance to be as follows:
Original budget: 67,200
Revised budget: 87,920
Therefore 20,720ANot sure if that is correct but im stuck here.
Think I am confusing myself here. I understand the part where the units bought externally cost $65, thereby paying that plus cost of $200 for the 60000 units. Division B’s material cost as mentioned is $5, think I am confused here since they didn’t mention an additional spend of $200 for div b. The additional 20000 units were cost at div A’s cost. Please help me to understand this part.
I forgot to state the questions that were attempted on the booklet. Will my paper still be marked?
