SBL*** September 2022 ACCA SBL exam – Instant Poll and comments ***

NBhinder wrote:

Luke wrote:

babayag wrote:Does anyone remember the marks break up

I think I was relating my responses back to objectives that they mentioned in exhibit 2.

Have a good rest of the week. Don't worry much about the exam. It is a matter of luck with SBL on the kind of scenario you get and how quick are you on the day. I am sure if we have more time we all will do very well.... I have SBR on thursday to worry about now.

I didn’t have the PESTEL question I had one around Core strengths and competencies the company needs to focus on and had one around external stakeholder reporting. Also had responsible leader question Risks on the new risks identified Slides on advantages and drawbacks splitting risk and auditor boards Analysis of a board members letter, stating why environment is important

Quality homes Q1 - resources and competences that would be a competitive advantage- didn’t use any model thought about PESTEL half way through and there was no time to change. Q2 - how to address different stakeholder other than SH - kinda used power and interest and added other theory Q3 a)Comparison of divisions and how it affects strategic objectives b) challenging the ED on his view about responsible leadership on wider stakeholders Q4- a) Benefits and challenges of separation audit and risk committee. b) Risk and mitigating activities Q5 a) benefits of portal system - used 6Is here b) forms of cybersecurity Overall felt the paper was good but lengthy. Also where is the IR used? Saw many comments on that

How did you answer the factors to consider question ? Did you classify each stakeholder according to their power and interest ?

Luke wrote:evaluate the core competencies and resources that give QH a competitive advantage Benefits and challenges of segregation of audit and risk committee<br>Benefits of Cyber security controls of new customer portal<br>Risk and risk mitigation<br>Factors to consider on how to address the stakeholders

Looks like there were two sets

heya what did you write about task 1 also i dont think it was benefits of cybersecurity wasnt it methods of cybersecurity?

1)how to address the stakeholders by not focusing on annual reporting? i wrote -customers could be dealt through website as they check the houses online and make payment -government could be dealt through letter if there is any issue regarding the availability of land or restrictions -Suppliers could be dealt though email if supplies such as safety boot and equipments are not supplied on time for the construction of houses. -investors/bod/ceo needs to be address in annual reporting as they are involved in performance of the company. 2) seperation of audit/risk committee slides i wrote benefits -independence of thought and decision not involved in self interest threat -segregation of duties as both committies duties will be divided -reduces conflict of interest as both committes would know who they would be accountable to challenges -unity of both committee rather than one committee -more knowledge and skills would be spread if both committies are joined 3) for public interest question i wrote. -the community garden would protect many animals /trees and envrioment -the community garden could have a low cost fees where government would get the return as it could be used for other beneficial purpose such as free education/health -protecting the envrioment would increase public awareness for QH. this in turn would allow investors to invest in the company leading to high profits Hope this is correct

fory cyber security i wrote -logical access control such as username/password for online portal -Contingency control by having backup for the data and disaster recovery plan -application control which means that the software used within the online portal would be corrupted and infected as it shows that application software is from a reputable supplier

Heya the 2 question I think was on integrated reporting

what i wrote is not according to the sequence of the questions in the exam. btw are my points correct?

what did you guys wrote and identify principle risk and mitigations?

What was the question on integrated reporting? I believe my second question was on power/interest of external stakeholders stakeholders and how we should approach the stakeholders?

Also I thought a lot of the questions related to ‘how this impacts on the strategic objectives’

My question related to the ‘additional risks’ ie climate change/loss of key staff etc

is my stakeholder answer correct regarding how to approach stakeholders?

I am not sure as the intro paragraph mentioned QH is not reporting information to stakeholders properly so i used IR but not sure if its right

As far as I remember the stakeholder question was phrased like ‘ what factors should QH consider when deciding how and what is reported to the stakeholders’ When I first read this question I wrote down integrated reporting and the 6 capitals so when I came to write I would remember. But when I came back to write I read the question again and took the stakeholder matrix route - keep informed, keep satisfied etc. because it mentioned what factors I thought it was asking more how do we know what to report to the stakeholders ie how involved are they rather than what reports do they get - but I could be wrong?? I guess now I am thinking about it maybe it could have been leaning more towards they should adopt IR and the advantages. Can someone enlighten me?

I agree a lot of the questions were related to impact on strategic objectives so I felt like a lot of my answers were very repetitive Any else feel like they were repeating similar points in each task?

Same, I felt my question related to more how we should approach each stakeholder I.e power vs interest and also what information needed to be included and why we needed to include it I.e transparency/proactive for gov legislations/regulations not the ways we should report to them

yes it was 16,15,28,25,16

I dont think so there wasa just one question about risk and you needed to make an analysis of the perfomance of the divisions so there was not that much risk

I dont remember what as the second questio but I think the SWOT analysis was mainly for the division perfomance analysis

NBhinder wrote:

Luke wrote:

babayag wrote:Does anyone remember the marks break up

me either I dont think it was mandatory to use any model as not enough details were provided to be able to apply PESTEL for example

shirinshana wrote:Quality homes Q1 – resources and competences that would be a competitive advantage- didn’t use any model thought about PESTEL half way through and there was no time to change.

I agree with you in most of the things, IR you could apply it in the question where it was mentioned that stakeholders want more info besides teh financial one

Scott5190 wrote:Also I thought a lot of the questions related to ‘how this impacts on the strategic objectives’

yes I agree

Thank you very much. I spent 3 minutes deciding this. It was more of factors to consider than how we should report to them.

Scott5190 wrote:Same, I felt my question related to more how we should approach each stakeholder I.e power vs interest and also what information needed to be included and why we needed to include it I.e transparency/proactive for gov legislations/regulations not the ways we should report to them

tina182a wrote:I am not sure as the intro paragraph mentioned QH is not reporting information to stakeholders properly so i used IR but not sure if its right

I did the same and I think this was supposed to be the approach...at least that was my understanding

tara19 wrote:As far as I remember the stakeholder question was phrased like ‘ what factors should QH consider when deciding how and what is reported to the stakeholders’ When I first read this question I wrote down integrated reporting and the 6 capitals so when I came to write I would remember.<br>But when I came back to write I read the question again and took the stakeholder matrix route – keep informed, keep satisfied etc. because it mentioned what factors I thought it was asking more how do we know what to report to the stakeholders ie how involved are they rather than what reports do they get – but I could be wrong??<br>I guess now I am thinking about it maybe it could have been leaning more towards they should adopt IR and the advantages. Can someone enlighten me?

I used exactly the initially approach that you suggested in my understanding it was IR as with this you can tackle covering info for abroad number of stakeholders and related it with the financial perfomance of the organisation

tara19 wrote:I agree a lot of the questions were related to impact on strategic objectives so I felt like a lot of my answers were very repetitive

Yes I agree with you plus I felt that it was not required the application of any model nor any matrix...did you have the same feeling?