• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Save 20% on ACCA & CIMA Books

Interactive BPP books for June 2026 exams, recommended by OpenTuition.
Get discount code >>

Heraklion Co ( Sept 2016)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Heraklion Co ( Sept 2016)

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarKen Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 28, 2018 at 3:14 pm #449177
    Avatarniki27
    Member
    • Topics: 82
    • Replies: 15
    • ☆☆

    Dear Sir,

    Having read through this qn, I have a doubt,

    One line in the qn goes like this,

    “Sales staff are responsible for assessing new customers’ creditworthiness and proposing a credit limit which is then authorised by the sales director”

    While the deficiency of this means there’s a risk of setting limits just to achieve targets, my qn is this,

    Could I say that if the new customers have some connection, (say family relation) with Heraklion , or its current customers, then those companies will be given preference or even lower credit targets compared to other new customers?

    It is silly, but would the examiner accept that as a deficiency? And the control would be the same like (checking bank references etc..) with the added test of confirming no connection between any co. other than being potential customers ( which would be tedious)

    Thanks

    April 29, 2018 at 11:04 am #449277
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10660
    • ☆☆☆☆☆

    It would be very difficult to ensure there is no connection between the new customer and the company. I could also suggest that family connection should be looked at closely in case they were given too favourable treatment.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • melucina15 on Organisational culture – ACCA Paper BT
  • harsh9 on Regulatory framework – ACCA Financial Reporting (FR)
  • LiliaDvornikova on ACCA TX-UK FA2025 Chapter 20 Trading and other losses – Companies
  • Zidanda on The valuation of debt finance, and duration (part 1) – ACCA (AFM) lectures
  • Davud on FA Chapter 21 Questions IAS 38 – Intangible Assets: Goodwill, Research and Development

Copyright © 2026 · Contact · Advertising · OpenLicense · About · Sitemap · Privacy Policy · Cookie settings · Comments · Log in