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August 21, 2022 at 11:38 am #663846shaunak22
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I do not understand how do we gain marks for analysis and evaluation since the ACCA article says as follow
Analysis can be demonstrated by:
? Appropriate use of the data:
? to determine suitable calculations and/or
? to support discussion and draw appropriate conclusions
? Appraisal of information objectively to make a recommendation
An evaluation is a balanced appraisal to determine the impact of a course of action
DOUBT 1) – Whenever the professional sklil analyisis is mentions appropriate use of data for suitable calculate and discussion we do that in evey question do we automatically get professional marks for analysis without doing anything extra?
DOUBT 2) – Is my understanding of SKEPTICISM & COMMERCIAL ACUMEN correct mentioned below
Sir i undertand that in
SKEPTICISM we need to have •Questioning approach •Challenge of assumptions and information & reasons for chall
COMMERCIAL ACUMEN we •we should keep in mind the context and external business environmentAugust 21, 2022 at 12:00 pm #663850Kim SmithKeymaster
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Have you watched/registered for any of the webinars? https://opentuition.com/topic/aaa-introducing-professional-skills-into-the-options-exams If you do the recommended questions the “read the mind” article should also make it absolutely clear how these marks are earnt.
1) – in essence yes – so doing anything appropriate with given data will get a mark (which differentiates the candidate who did something with the data rather than nothing)
2a) – it means you recognise something/anything that should not be taken “at face value” – e.g. if you are tasked with evaluating something with some specific assumption/assertion given by management … if your answer says “However, the assumption that … is unlikely to be appropriate … because ….” is showing scepticism.
2b) – means for example that recommendations have to practical in the real world. I remember an example from SBL – students recommending that the railway should employ more inspectors to check tickets (rather than introducing physical barriers requiring tickets to be scanned/inserted) showed a lack of comprehension of the cost of people and how impractical this would be when thousands of passengers disembark a train in rush hour. An audit example that would suggest a lack of commercial acumen would be suggesting that the finance director authorises all a something …. directors should have more important things to do with their extremely expensive time (!)
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