SBL*** December 2021 ACCA SBL exam – Instant Poll and comments ***

Q3a) roles and responsabilities of a risk officer for food safety. 1) review of risk register and controls in place ang get approval of Board 2) Quality control of food chain 3) induction of new crew members when they start in company 4) Quality inspection onboard of vessel 5) in charge of safety equipment onboard for example the kitchen staff to wear sanitary clothes when working in kitchen Q3b) how to help the company for risk awareness. I explaines the awareness is from top to bottom and gave examples. I think this was the 4 lines of defense (managers, employees, internal audit, external audit) but I did not mention it.

All by all, a fair exam I think. I got the case with Achille's cruise Q1a) ops and financial evaluation ops- 1) they are operating in a niche market 2) they are structured in a divisional system with each vessel being one division 3) well automated and procurement centralized Finan Still profitable but 1) liquidity decrease 2) gearing stable but high 3) Margins 4) interest cover at 1,21. No increase in loans but due to increased costs and stagnation of sales the margins are decreasing and most of the PBIT is abosrbed by finance costs. It is a strategic drift Q1b) Governance question with five or six points 1) more NED's 2) more nimination of directors (8 years is too long) 3) appoint a chairman, two other points I don't remember Q2) evaluation the different strategies proposed 1) build more vessel 2) buy 20% of bigger vessel 5000 people 3) to let run existing fleet in new destinations so they can work longer than six months 4) river cruises with an alliance I think 1 and 2 are definitely out, need big investments, no debt as high gearing and also no issuance of shares as the institutionaal investors are already pissed off. 3 could eventually be possible if it does not infrange maintenance (limited option). Most suitable option 4 as it does not need high investment and it allows to diversify. Q3a) roles and responsabilities of a risk officer for food safety. 1) review of risk register and controls in place ang get approval of Board 2) Quality control of food chain 3) induction of new crew members when they start in company 4) Quality inspection onboard of vessel 5) in charge of safety equipment onboard for example the kitchen staff to wear sanitary clothes when working in kitchen Q3b) how to help the company for risk awareness. I explaines the awareness is from top to bottom and gave examples. I think this was the 4 lines of defense (managers, employees, internal audit, external audit) but I did not mention it. Q4a Why is excellence perf important for the company 1)reputation 2)profitability 3) best services to customers + notes Q4b) HOw to implement for company? Here I took each of the Balridge points (leadreship, strategy, customers, etc...) and gave an example for each. Not sure if that is correct.

Can anyone help with the marks allocation for SBL?

Q1 was for 32 points, Q2 for 20pts, Q3 for 28 points and Q4 for 20 points, that is for the question with Achille

This mark allocation for which version of Achille is? It seems that there have been at least 2 versions. One with big data question, and the other with Balridge excellence.

This is for the one with Balridge

you are right I got the performance excellence model one just a picture nothing else. How did you approach this question?

Damn! Man looks like we picked up some similar points, I can tell almost 60% of my points are similar to yours, probably because we took it very generally, this is my approach, I just took the questions as a consultant not tried to a super accountant, just plain consultant and coming up with solutions with logical comments and common sense Wish you all the best bro.

I feel you! Can't find the exhibit related to food poison helpful to me...

Guys, do I have a chance to pass? I have not done the first question at all. I done all the rest.I think I done well with question oil spillage and main risks , Stakeholder analysis. I mentioned repuational risk, environemntal,political, financial, exchange rate risk (dont know if it's right) as I assumed that the location where the oil spillage happened was far away so maybe they have a different currency. For stakeholder analysis I mentioned the community of the island, their high interest in the oil spillage. potential custumers, Government. For the acquistion I used Feasibility, Acceptability and Suitability framework. Financing options did not say much apart from the Grant they could apply from the Government, looking for investors or a loan from the bank if their business plan is effective and convincing. For Big data for enlarged companies better relation with clients, comparison of financial data, effective decision making, flexible for passengers and staff, good for advertisement and gaining more passengers from social media etc. For the Governance improvements - not enough neds, been there for 8 years, I mentioned that it would be good to have fresh pair of eyes on the business they would help with performance risk and strategy. Also., I said the utilitary board is good cause all directors are equal. If I pass it will be a miracle but still want to know yours opinion! Thanks :)

Very similar points to me too! I had same paper as you :) did you notice borrowing was higher than sales revenue? I mentioned this when deciding on sources of funds for acquisition so went the equity route... apart from that yeah basically same answers so good luck to us!

Jessica1997w wrote:Guys, do I have a chance to pass? I have not done the first question at all. I done all the rest.I think I done well with question oil spillage and main risks , Stakeholder analysis. I mentioned repuational risk, environemntal,political, financial, exchange rate risk (dont know if it’s right) as I assumed that the location where the oil spillage happened was far away so maybe they have a different currency. For stakeholder analysis I mentioned the community of the island, their high interest in the oil spillage. potential custumers, Government. For the acquistion I used Feasibility, Acceptability and Suitability framework. Financing options did not say much apart from the Grant they could apply from the Government, looking for investors or a loan from the bank if their business plan is effective and convincing. For Big data for enlarged companies better relation with clients, comparison of financial data, effective decision making, flexible for passengers and staff, good for advertisement and gaining more passengers from social media etc.<br>For the Governance improvements – not enough neds, been there for 8 years, I mentioned that it would be good to have fresh pair of eyes on the business they would help with performance risk and strategy. Also., I said the utilitary board is good cause all directors are equal.

My answer above was for yours :')

No I didn't really look at numbers cause I am not good at it so I focused on reports lol. But I don't think it will be enough as the first question is 34 marks I think. And I not done anything for it.

i am interested...

mykolah wrote:Hey man I feel like you have cited all my answers, around 95% of exact match!!! I noticed a lot of people here didn’t pay attention to the fact that not only BS/P&L performance was asked in the Q1, but also operational performance. Answered the same about divisional structure & centralized procurement. As well, motioned about the fact that their operational efficiency, high skilled staff are key success factors.

Hi - not sure who you're replying to - but I spent the last sec of the exam writing answers. Spent longer than expected trying to figure out what some questions are after & how the exhibits ties in. In practice runs generally used 40min for reading the requirements & exhibits + 2min per mark. In reality no time to review, but believe did manage to get most of the formatting of reports right. Cheers,