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

Thanks, what about the risk and mitigation. For that I wrote Loss of workforce Due to the economic condition within the country there could be recession due to which it would be difficult to find skillful workforce and recession would lead to unemployment Mitigation To develop the skills and expertise and ensure that the workforce last within the company for a longer period of time to utilities there skills for longer Climate change Due to change in the weather climiatr it could be difficult to construct houses such as in rainy weather Mitigation To ensure workforce has being provided with necessary work equipment such as safety boot and jackets Availability of land As QH is planning to construct houses on green spaces and gardens there could be lack of availability of land Mitigation To consult with government and local council for get permission for the availability of land m Hope this is correct as well?

nighteyes wrote:Hmmm, the more I read in this thread, the more I think I completely ballsed up the QH case study. Bloody hell…

It is definitely interesting to read different answers but I think it can be very subjective too in the marking I usually don't come here if the exam went bad because it makes me feel worse....But exam was ok

Ignore the thread. Everyone wants to confirm their bias here so that they don’t panic lol.

nighteyes wrote:Hmmm, the more I read in this thread, the more I think I completely ballsed up the QH case study. Bloody hell…

Nobody can tell you if you’re correct. We’re all students. The examiner will decide if you’re correct.

saif2589 wrote:Thanks, what about the risk and mitigation. For that I wrote

B

saif2589 wrote:Thanks, what about the risk and mitigation. For that I wrote

Bro the requirement was impact of risk on QH's strategic objectives not strategic position

Getting skilled workforce and availability of land are strategic objectives for QH and without those two resources the company can’t run Clarify me if I’m wrong? What did you write?

No we had to write how lack of skilled labour, land and climate would affect our strategic objectives (which were sustainable housing, maintaining financial position, building good quality houses and one more which I can't recall) From what i understood We had to link risks to objectives like loss of skilled workforce how it affects our objective of maintaining existing financial position or ability to build good quality houses

saif2589 wrote:Getting skilled workforce and availability of land are strategic objectives for QH and without those two resources the company can’t run

Idk maybe I’m wrong but I still feel that skills of worker, the climate and government planning would play a vital role in achieving the objectives of OH in order to build sustainable and good quality housing

saif2589 wrote:Idk maybe I’m wrong but I still feel that skills of worker, the climate and government planning would play a vital role in achieving the objectives of OH in order to build sustainable and good quality housing

Well sbl is highly subjective paper so there is no clear distinction between right or wrong as long your direction is correct

True, one final thing for the benefits of QH and stakeholders of benefits of protecting the environment with a wider view on public interest? We had to write both the benefits to stakeholders and QH? Such as the benefit to government would be that they can implement a low cost fee to the garden which would generate revenue for them and could be used for other beneficial purpose for other stakeholders such as free education and health The people could use the garden for excercise which reduces illness and diesease Good community place would increase public awareness which would increase investors confidence and they would invest in QH leading to high profits Does this make sense? Are the points correct ?

I used just PESTEL. Any idea what the strategy matrix question was about, must've dropped a fair few marks there. Also what were the general benefits & costs for splitting the Audit & Risk committee's?

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

for the benefits of QH and stakeholders of benefits of protecting the environment with a wider view on public interest? We had to write both the benefits to stakeholders and QH? What did you write?are my above points correct ?

saif2589 wrote:True, one final thing for the benefits of QH and stakeholders of benefits of protecting the environment with a wider view on public interest?

I don't think we had the same requirement mine was what are the benefit of preparing integrated reporting to QH and also to wider stakeholders

Challenging the ED on his view about responsible leadership on wider stakeholders And public interest? Was the question something like this? If not then we had different requirements?

saif2589 wrote:Challenging the ED on his view about responsible leadership on wider stakeholders And public interest?

Nope different requirement for me

lcadena wrote:Agree Tara19!

I got these

Weak points overall. You didn’t apply to the scenario. For weaknesses your answer should be something like - There are 3NEDs and as a result splitting the committees would lead to a dilution in the BoD which could lead to changes in operations and cultural issues. - The Internal Audit Department reports to both the audit and Risk committee hence splitting could lead to confusion as to the work the IAD department is supposed to undertake and could lead to issues regarding work of the IAD. Benefits - Risks are more dynamic in nature and would need to be monitored consistently as the government legislations and risks are ever changing compared to audit where financial statements are prepared on an annual basis. (Splitting would therefore mean that risks are priotized) And so on….

saif2589 wrote:seperation of audit/risk committee slides i wrote benefits<br>-independence of thought and decision not involved in self interest threat<br>-segregation of duties as both committies duties will be divided<br>-reduces conflict of interest as both committes would know who they would be accountable to<br>challenges<br>-unity of both committee rather than one committee<br>-more knowledge and skills would be spread if both committies are joined

Segregation, conflict of interest are more associated with benefits of splitting the role of the Chairman and CEO.

saif2589 wrote:seperation of audit/risk committee slides i wrote benefits<br>-independence of thought and decision not involved in self interest threat<br>-segregation of duties as both committies duties will be divided<br>-reduces conflict of interest as both committes would know who they would be accountable to<br>challenges<br>-unity of both committee rather than one committee<br>-more knowledge and skills would be spread if both committies are joined

After a careful read of most of the comments, i have come to the conclusion that we aren't all talking about the same exam. Certainly, the name of the company is QH (Qualita Homes), and the country is Morlia. I'm certain that the overview was the same with what i have read so far BUT i think the exhibits and requirements were different.

massandumbe wrote:After a careful read of most of the comments, i have come to the conclusion that we aren’t all talking about the same exam. Certainly, the name of the company is QH (Qualita Homes), and the country is Morlia. I’m certain that the overview was the same with what i have read so far BUT i think the exhibits and requirements were different.

Yes definitely the same company but 2 possibly 3 variants with different questions !

Same here

Lol..My thoughts exactly.lts not advisable to come here especially if you had another paper after this one.

does anyone retake the exam on 13sept due to the technical issues? I think the exam question is much more harder than on 6sept, i cant understand the ques 2 about the weakness on the book of the dr and review process. they ask for weakness on supplier and recommendation whether to continue use this existing supplier, my i know what supplier they are asking for? I write the weakness i found on the audit report and conversation with the ex staff is that correct?

Yes I was made to sat in the retake session due to technical issue.... The question on the weaknesses and quality control or review process was to test our knowledge around the issues with the publishing of book written by famous historian, one main issue I recall that he was publicly criticized by the fellow historians, along with lack of contractual bindings whereby he could have been prohibited from presenting TV Series on the work on which book shall be based on. Regarding supplier i remember he was selected by the director by bypassing or not following the protocols.

I’m sitting the December 2022 exam. Just wanted to ask if Quality Homes- was this a charity or corporate organisation? Looking for some practice questions