Hi all,
I am thinking of taking topic 1 for my RAP. Anyone who has done it before? Did you pass first time? How did you approach this topic? I have completed all my F's and yet to start on my P's. Is there a paper in the P's which could make this easier for me?
My choice of organization is a parastatal. Is the approach going to be different than in a private or non-profit company? I have done budgeting before while working in a small company in a non-accounting position, though I love reading and I can do lots of research. Would you recommend that I work first so as to get a hands on experience(in an accounting role of the same) or I can just tackle it head on with research, little non-relevant experience and books?
I know its so many questions and whoever answers, thank you in advance for answering them. I will really appreciate your input. :)
Other Accountancy Qualifications
Topic 1 guide and pointers
Thank You Trephena for your response.
Apologies for starting a new post, still trying to find my way around the page.
I was thinking of another model to use alongside SWOT and i am considering the balanced scorecard.
Kindly advise if this could be used for topic 1 and if possible suggest other models that could be used.
Thank you.
Do you work in this organisation? The level of detail required for Topic 1 means that unless you work there or have access to primary data that you are unlikely to be able to provide the level of detail required to be successful with this topic.
With the Balanced scorecard you need to have such inside information to be able to apply it adequately. The focus with Topic 1 should always be on performance management and the decision making i.e. how the company's budgeting process impacts on these and therefore one model well applied will normally be adequate.
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