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I was sitting just in the way out…. So maybe for me it was awful… But still if you pay money, they should have allocated a separate oom for people…
I stated in agency, that the donors (people and corp org who give money) will be the principals along with the Trustees, as they kind of “invest” money into the charity. There is nothing about government, as the charity is not responsible to the government. It will compliant to the Charity Comission (if you are in the UK) and Charity Commission is a regulator…
This question might have distructed by the Rail Co speciment exam, as it was the government org…
I used PESTEL for external. There were some legal aspects, like government plans to introduce the law to stop viral emails and postage and etc…
I found most of the material for Q4 from that article blaming charity governance.All issues described there connected to BOC.
I sat in Manchester too and there were Tax people. I was sat right in the middle of them all and it caused a right disturbance around me as they left.
I am considering raising this concern with ACCA, will you be doing the same?
Hi Kiran – can you please share mitigating circumstances link. I did not find it in myacca portal exam section. My screen also froze during last 15 minutes.
I didn’t realise that there were two different papers… I had the questions listed by cliffwong above.
I’m not going to lie, this exam was a real gift to me. I’ve only ever worked in the public and NFP sectors, and I do all the accounting for my current workplace’s charity! I’ve really struggled with the commercial focus through most of ACCA, so to be sitting my final exam and have it start with “you are the accountant for a charity…” was SUCH a relief.
Wearing a face mask for the full 4 h 50 (I get stretching breaks due to long term back/hip issues) was less pleasant. But I hear coronavirus isn’t great either, so…
The points about environmental impact are relevant – the community being wider stakeholders – but charities don’t have shareholders or dividends.
My answer for that one focused on donors (as principals and therefore primary stakeholders) and their need to know that the money they donated was being spent effectively… in retrospect I probably needed a broader view, so considering the needs of the community, local governments, employees etc.. Hindsight is wonderful!
@avbosip Trustees aren’t principals, they are the agents with primary responsibility surely?
What about the points of 5 forces? I even did porter diamond along with 5 forces in which I wrote. Factors condition: they had the necessary medical supplies required for the medication of the animals as a well as trained staff due to training provided to them. Demand condition: the demand of the wildlife park was increasing as the revenue of the park increased due to rise in the cafe costs and admission fee which was used for extending the park. Supported industries: There was no support for the industry as they were purely established and the only one in the country without any help. Competitive rivalry. The competition was low but there could be competition with the industries established outside the country and a new organisation could be established as well. Are the points of 5 forces and porter diamond relevant ?
The paper wasn’t really too much to read within the allocated time. However, time management was of essence.I just hope it goes well for the marking.
I don’t know I think sticking to donors and ignoring the rest is wise. Not sure a charity really has much more responsibility than to its donors and understanding and fulfilling their wishes. The argument that I would make to support this is that the wider group e.g. governments and local community may benefit from the charities actions but if they are not a direct stakeholder i.e. a donor then their claim on the charity is limited barring any harm/interference caused to their agency directly by the charities action. This is because if they are not donating to the cause of the charity it is something they are likely not prioritising in their own decision making and thus the charity really doesn’t have a responsibility to consider their wishes in most cases.
The principle would be govt and agent would be organisation cause it’s a public sector and had a wildlife park. The organisation follows the rules of the govt and the money is generated by the organisation has being used to Protect the environment for the public as well as wildlife creatures . The money is being spent on the public. It even stated that the govt has being reduced to establish low cut prices for the cafe in wildlife park. Hope this is correct ?
@ac00020 hmmm, if a charity is working in a community, especially an overseas community, then I do think it has a responsibility to consider the needs and wishes of that community. How that would link back to the question of strategic objectives though is another question. A week on and the detailed nuances of what was asked in the exam are fading fast!
Is my point relevant?because parks is a property which is owned by government hence the wildlife park. The cafe would also be owned by the government, the only thing is that the employee who is running it has to pay rent for it
@saif2589 I didn’t sit the same paper as you so can’t comment on the details of the scenario that you were given/ whether your points were appropriate in context.
However it sounds as though in general you’ve focused too much on the government. Charities are *not* government organisations. There is the private sector, the public sector (schools, hospitals, local authorities etc) and then the charitable sector which is sometimes known as the “third sector”. The government regulates charities in the same way as it regulates lots of things, but that doesn’t mean it is directly involved.
(In fact, most governments rely on charities to do ‘good works’ specifically because they don’t want to have the hassle of getting involved in them, but that’s a political discussion for another day…)
But in the scenario they owned a wildlife park and park are suppose to be the property of the government. Plus they were spending money to benefit the public such as improving the environment and extending the wildlife park to improve the facilities
And in the scenario it was told that the charitable organization and wildlife park are public sector. Hence a Public sector is a sector which is controlled and owned by the government
@saif2589 like I say, I didn’t have that scenario/ paper so you could well be right.
I’m talking generally, and in general it would be unusual for a charity to be operating on behalf of the public sector. It does happen sometimes, and when it does it becomes highly political.
But even in those instances the charity is not public sector in itself, and has a whole bunch of governance requirements to ensure that it is structured and run quasi-independently. I know this because the charity I look after the finances for falls into this category.
I have one question
did you all did EPSM before sitting in SBL examination..
Please guide.
Goodluck to all of you
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