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The exam was hard. Can someone remind me of the questions. Need to remark myself
What topics were required? I was betting in some cryptocurrency that has never asked and value chain not asked for long period. Could you please provide some feedback?
I had private charity i.e. wildlife charity.
One tasks was to write about agency in case on non fin organisations, benefits of two tier board and entity financial and non financial performance (think like 15 points in total.. or 30, really sorry)
there was also, for around 15 points if remember correctly, to write about proposing some extending of their IT services for their e-business (3 slides).
There was also external environment analysis+ something I forgot.
Both 1 & 2 for total of circa 60 points?
Third one – company had some risks in the risk register and you had to be sceptic about these (ie. if need to be updated).
Last one was about why trustee board should be diverse and why management board should constantly develop.
Maybe someone can correct/fill, suprising how easily you forgot on what you have spent 4 hours just a moment ago.
background company is charity organization that focus in wildlife protection and conservation.
Q1
briefing paper
-specific nature of principal agent relation as charitable organization
-advantage of two tier board
-how mission and strategic objective link to stakeholder needsreport
-financial and non financial performanceQ2
report
-external environment impact assessment to strategic objectives3 slides with notes
-3 application of IS in e businessQ3
confidential report
risk register review on its impact and mitigating activitiesQ4
briefing note
-importance of board mix and diversification
-importance of continuing professional development to board membersThe paper is about a public sector, non profit making company, unlike usual practice of a commercial business. The most challenging one will be like all answers were merely the same, anyone facing the same things
that was soooooo typical of ACCA to set a paper on a not for profit organization when they KNOW 90% of us focused on private companies in our studies
I was really happy with the questions. Just a pity I couldn’t have another hour at it. ? Disappointed with myself
Hi
My exam got rescheduled due to some techinal error
I was left with only last question of 13 marks
And 20 min left, then suddenly some technical issue happenedIs any body else faced the same issue
I had the same questions as stated above.
I was actually quite happy it was the difficult now a days type organization.
Good luck everyone for the result.
I have another exam tomorrow of APM.
I was focused on private businesses while studying. Exam was about a charity which aims to protect endangered wild life.
I took the exam in London-Oval and it started 90 minutes late due to technical problems. This was a huge distraction. we started at around 10.30 and finished at 2.30.
I think questions were not very difficult but I couldnt manage time effectively and failed to answer the last question. I would definetely pass the exam if I had 30 minutes more
I faced similar issue ,last 15 mins my on screen cursor wasn’t working , I answered foraround 90 marks at tat point ,they told me to revoke ,but I didn’t agree and let it submit ,had raised the issue through mitigating circumstances in Acca .
I had the same. Was charity company BCO.
It was ok, but you never know how they gonna mark.
I was a bit unsure about risk register… Lost my inspiration to generate ideas.
It was a charity and when I saw it, i was so surprised. ACCA was definitely able to surprise everyone this time.
Sitting in masks was absolutely awful and taking exam after all this covid hassle and lost of motivation definitely put in depression.
I messed up with risk register, perhaps said it still needs to be updated. Remember that the committee met one a year, that not acceptable defo needs more than that. Plus it was made of only trustees and not included the people from management board. In total 15 points. That’s alot.
Slides: could not understand what recommendations they wanted us to offer. Ended up with creation from somewhere…
What structure you used in evaluation of external environment impacting on strategies? (it was probably question two a) I had to adapt pestel… worked fine with me.
Ended up with lots of typos, hope it will be fine.
Anyway, will see, how it goes in October…
I also had the charity question which referred to the org BCO a wildlife charity. Generally the questions were pretty easy and the information wasn’t too much to read in the allocated time. It was a good balance. However, I spent too much time on some questions particularly the risk register. I also wanted to apply VFM model for the performance analysis of the org but couldn’t make the info work which lost me a bit of time and made me feel a bit disappointed because I figured out how to do it after leaving the exam hall. Managed to complete all questions with some being answered better than others.
Q1
briefing paper
-specific nature of principal agent relation as charitable organization
Answer:
can refer to technical article – Public sector governance, section : Agency in the public sector.-advantage of two tier board
Answer:
Supervisory and management board. function and focus. Dont mix up Q4 focus on mix and diversification.-how mission and strategic objective link to stakeholder needs
Answer:
identify the stakeholders in the case and link back to the mission and strategic objectives mentioned in exhibit : annual reportreport
-financial and non financial performance
Answer: straight forward to compare the financial result 20×0 & 20×1
Park admission – ticket price increase while number of visitors decrease
Cafe income – average spending increase but no of transaction decrease
Donation grant and legacies income decrease
Cost control – charitable activities increase
Cost control – commercial activities decrease
staff training time and cost decrease
WITH explanation actually mentioned in exhibit : annual report.Q2
report
-external environment impact assessment to strategic objectives
Answer: Exhibit provide ESPT for you already
E – global recession
S – public expectation
P – legislation and regulation
T – social media and mobile commnunication3 slides with notes
-3 application of IS in e business
Answer: i am stuck
just throw out some
E-marketing
Data analytics
E-learningQ3
confidential report
risk register review on its impact and mitigating activities
Answer: i am stuck as well
You need to challenge the risk register whether it miss some risks, impact and mitigating activities.
just throw out some
Political risk – legislation and regulation miss
Compliance – staff safety
risk seriousness rank is miss
person in charge is missQ4
briefing note
-importance of board mix and diversification
Answer:
can refer to technical article – Diversifying the board – a step towards better governance
-importance of continuing professional development to board members
Answer:
refer to exhibit board member background and last exhibit blaming charity governance.Just my chip in.
Good luck allCharitable organisation, BCO.
Was interesting question, I managed to apply my plan to the question and completed all answers and topped & tailed them all.
Hopefully managed a pass but was not alike to any mock exams I attempted.
Had sat for SBL last Sept but with no such preparation. I feel last year’s paper was definitely easier than this one.
Technology application..I wrote virtual educational programmes, rate and family pack rates for different screen’s visits, online shop with maybe half price postal cost for inland shopping, and virtual visit of the wildlife park. No idea if that answered the question. Was running out of time and had to attempt questions 3 & 4.
What did you guys write?
100% agree. It was a challenge to answer all questions in 4 hours. The questions itself were not too bad.
Additionally, the centre were I was had 1 hour delay and we were sitting there waiting for the exam to start.
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