The 3 new industry sectors have been announced:
1770 Mining
1771 Coal Companies engaged in the exploration for or mining of coal.
1773 Diamonds & Gemstones Companies engaged in the exploration for and production of diamonds and other gemstones.
1775 General Mining Companies engaged in the exploration, extraction or refining of minerals not defined elsewhere within the Mining sector.
1777 Gold Mining Prospectors for and extractors or refiners of gold-bearing ores.
4533 Health Care Providers
Owners and operators of health maintenance organizations, hospitals, clinics, dentists, opticians, nursing homes, rehabilitation and retirement centres. Excludes veterinary services, which are classified under Specialized Consumer Services.
2730 Electronic & Electrical Equipment
2733 Electrical Components & Equipment Makers and distributors of electrical parts for finished products, such as printed circuit boards for radios, televisions and other consumer electronics. Includes makers of cables, wires, ceramics, transistors, electric adapters and security cameras.
2737 Electronic Equipment Manufacturers and distributors of electronic products used in different industries. Includes makers of lasers, smart cards, bar scanners, fingerprinting equipment and other electronic factory equipment.
Other Accountancy Qualifications
P37 & P38 Industry sectors for Topic 8 & 15
Is this information authentic (since I haven't seen any similar news elsewhere)?
Yes (unfortunately as the choice in my opinion is not good...) it originates with the ACCA BSc Office. If you doubt my word then wait until the new Information Pack comes out, which should be very shortly, and it should be confirmed in that.
Have to agree the choices are not that good. Anyways, what do you think would be a suitable company for electronics and electrical equipment?
I guess Intel is out since they're in semiconductors. What about someone like Schneider Electric?
Hi
Trephena is holidaying in Greece at the moment so I am filling in for her. I know however she is always reluctant to recommend particular companies.
However I think Phillips might fit the bill here as they manufacture electronic components. As for a comparator -I am struggling - take a look at Siemens (they used to be electric component manufacturers but I am not sure if that is still their core business -you will have to check). If you have another company in mind then fine -Siemens was just a company that occurred to me but may not necessarily be the best
Hello GillianM,
Could you please respond to my query above?
Also would someone like General Electric or Bosch work?
Hi ahmwal
Trephena is holidaying on a Greek Island at the moment which is probably why she didn't answer you (although I know she is reluctant to actually recommend specific companies).
As long as the main and comparator companies both have electronic component manufacture as their core business this will be fine. Ideally choose two which are based in the same part of the world e.g. both headquartered in Europe, both in S.E. Asia or both in USA as their business environments will be similar and they will be direct competitors (usually). Remember to mention any specific potential differences in their operations and for most ratios you do not have to translate currencies (as the ratios themselves are what you should be comparing in most cases e.g. NP percentages ect.)
Regards
GillianM
It is always annoying when company structures change as it is difficult enough finding two companies to compare! However the way round this is to cover this issue in your limitations section.
Normally the previous year's statements will be restated to align with the 2017 ones so that will give you two comparable years anyway
It may be possible (depending on the detail given in the financial statements) to remove the minority interest (if it was a minority interest) relating to Philips Lighting from previous years and adjust or this . However I suspect prior to 2017 it was a legal subsidiary and Philips controlled it as the holding company, having since sold a significant percentage of the share?
Could you please teach me how to deal with the different year ended annual reports of two comparable companies? Such as the year ended of the one company June 2017 and the other one year ended Dec 2017.
My mentor said I have to prepare the whole quarters of the company which has the year ended Dec 2017, as my main company's year ended is June.
He doesn't reply to my questions in 6 hours and i feel so stuffy.
the recent 3 years information is compulsory, so it means I need to make each of the 12 quarters' SOCI and SOFP?
Unless the business sector you have chosen is seasonal then you don't necessarily have to adjust the statements for each quarter. You should be looking at the trends for both companies over a 3 year period and therefore the 6 month lag is not so critical if their business cycles are regular.
What is far more important is to research the strategic differences and how these are reflected in the financial results. This means looking at the PEST and SWOT factors and applying them to the ratio analysis when explaining performance differences. ( Look at the CEO and Directors reports as they tend to outline the management strategies and policies)
Hi, I would like to know if I can use the sectors specified for topics 8 & 15 can also be used for the other topics ? Or is it restricted only to topics 8 & 15.
The prescribed sector rule applies only to Topics 8 & 15
There is absolutely no restriction on the sectors you can use for other topics where you can choose any company sector that meets the title. However the research must be based on relatively recent events. For example with Topic 17 Tesco was a popular choice but the financial scandal broke in 2014 and therefore is now reaching the point where soon it is no longer really recent and (although currently still within 5 years will soon stop being applicable).
Hi trephena,
I know you don't like recommending companies specifically, but can you please tell me if Siemens can be considered a 2730 (Electronics and Electrical Equipment) organization?
ahmwal - that's right I don't like recommending particular companies because I don't think I am necessarily capable of making them.
Initially I thought Siemens might be suitable however I now think that it probably falls into a different category (3722) as the company manufactures domestic appliances. Although it does manufacture some electronic components I think these are probably used in the larger appliances and do not form the major part of the business. However you could check on this.
I suggest that you put some key words in a search engine (manufacturer, electronic components) and see what comes up to give you a few ideas if you are stuck for a company. Then look at their annual report where on the non-financial pages such companies may set out more details of their product range.
8y ago#14Hi all,
Can anyone tell me which companies fall under 2730 Electronic & Electrical Equipment industry? kindly help me out
IMPORTANT ANNOUNCEMENT received direct from OBU
Please see below the link to the amended Information Pack for periods 37 and 38. There are a couple of amendments to it:
The subsector '1779 Companies engaged in the exploration for and production of platinum, silver and other s metals not defined elsewhere.' has now been added, please see page 16 of the pack.
There is a revised submission deadline for this period 37, see page 20:
* as an exception and for period 37 only, the deadline for submission is 13.00 hours on Thursday 15th Nov
** from p38 onwards, the submissions deadline will revert to a Wednesday deadline at 13.00 hours UK time.
This is the link to the amended Information Pack:
https://www.accaglobal.com/content/dam/ACCA_Global/Students/bsc/information-pack-2018-19.pdf
Hello All,
what do you think would be a suitable company for Gold Mining Prospectors for and extractors or refiners of gold-bearing ores?
hi...i would like to do the obu topic 8 but I am really struggling with finding a suitable company. May i know how to choose the organisation which is fall under section 2730?.
Please provide suggestions/advise for the organization?Thanks
This is a very difficult one for us at OT as we feel it is a huge responsibility recommending particular companies as we cannot be familiar with all of their operations and therefore now we tend to duck the issue.
Having looked at the various sectors on offer personally although I know very little about it I would be drawn to gold mining or diamond mining (perhaps because as the saying goes "diamonds are a girl's best friend" so perhaps De Bere might be my choice rather than electronics which don't really interest me at all.
Personally I have never particularly warmed to Topic 8 as I find it rather dull and same-old, same-old and I think there are better topics available that offer a greater chance of achieving a higher grade. I am sorry that on this occasion we cannot be much help to you but the topic and organisation are something that you should probably discuss with your mentor.
Hello sir,
Can you provide me with some thesis samples for topic 8?
TIA
hi..here did anyone work on the healthcare provider industry? got any example of the Company can suggest?
did Amgen suitable? please adbvise
Can I choose Schnider electric (primary) vs Philips (competitor) for topic 8?
can we choose PEL company for 2737 for topic 8? and what comparator company should be choose? thanks for help in advance.
The 3 new industry sectors have been announced:
1770 Mining
1771 Coal Companies engaged in the exploration for or mining of coal.
1773 Diamonds & Gemstones Companies engaged in the exploration for and production of diamonds and other gemstones.
1775 General Mining Companies engaged in the exploration, extraction or refining of minerals not defined elsewhere within the Mining sector.
1777 Gold Mining Prospectors for and extractors or refiners of gold-bearing ores.
4533 Health Care Providers
Owners and operators of health maintenance organizations, hospitals, clinics, dentists, opticians, nursing homes, rehabilitation and retirement centres. Excludes veterinary services, which are classified under Specialized Consumer Services.
2730 Electronic & Electrical Equipment
2733 Electrical Components & Equipment Makers and distributors of electrical parts for finished products, such as printed circuit boards for radios, televisions and other consumer electronics. Includes makers of cables, wires, ceramics, transistors, electric adapters and security cameras.
2737 Electronic Equipment Manufacturers and distributors of electronic products used in different industries. Includes makers of lasers, smart cards, bar scanners, fingerprinting equipment and other electronic factory equipment.
@Trephena.
Hope you are fine, If you do not Mind kindly tell me whether these two companies in diamond minning are direct competitors or not and of same nature.
1. Mountain province Diamond.
2. Stornoway diamond cooperation.
All they competitors
Please bear in mind that I am not an expert in the field of mining!
I can only gather information about these 2 companies from online searches (probably the same as you!?)
Stornaway has probably not been fully operational for 3 years as the first production was mid July 2016 so you won't have 3 years of financial statements.
The Mountain Province website does not seem to be working properly so I couldn't establish what is available in terms of company information, although it has been going for a number of years.
Perhaps you may have better luck if you looked at the Australian mining sector?
Sorry I cannot be of much help. However I really don't understand why students slavishly go for Topic 8 - my personal opinion is that it is a very dull topic! The current sectors are not inspirational although mining is potentially probably the best of a bad bunch
7y ago#26Which topic do you recommend?
7y ago#27Do you think SpecSavers and Vision Express fall in the healthcare provider industry?
Well the explanation for Healthcare Providers is as follows:
"4533 Health Care Providers
Owners and operators of health maintenance organizations, hospitals, clinics, dentists, opticians, nursing homes, rehabilitation and retirement centres. Excludes veterinary services, which are classified under Specialized Consumer Services"
So as SpecSavers and Vision Express are both opticians you should be fine with that selection :-)
Hi @trephena would the industries for topic 8 & 15 for the Period 39 change or there is a chance it would stay the same. I am not aware of how it works for the industries in these topics also I am interested in appearing the P39.
The industry sectors set out above were fixed for Periods 37 and 38. Normally the industries would be expected to change for Periods 39 & 40 (in line with the revision in the Information Pack which is made every June/July). Obviously I cannot make a definite statement about this as OBU decides. However I think there is a greater chance that the industry sectors for Topics 8 & 15 will be changed for Period 39 than there is for them remaining the same and therefore the industry sectors are unlikely to be those above.
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