...FAB PAPER F1 ACCOUNTANT IN BUSINESS BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for the FIA and ACCA qualifications. In this, the only FAB/F1 Study Text to be reviewed by the examiner: We highlight the most important elements in the syllabus and the key skills you will need We signpost how each chapter links to the syllabus and the study guide We provide lots of exam focus points demonstrating what the examiner will want you to do We emphasise key points in regular fast forward summaries We test your knowledge of what you’ve studied in quick quizzes We examine your understanding in our exam question bank We reference all the important topics in our full index BPP’s Practice & Revision Kit and i-Pass products also support this paper. Note FIA FAB and ACCA Paper F1 are examined under the same syllabus and study guide. FOR EXAMS FROM FEBRUARY 2014 TO AUGUST 2015 I N T E R A C T I V E T E X T FAB/F1 ACCOUNTANT IN BUSINESS First edition March 2011 Third edition September 2013 ISBN 9781 4453 7026 2 Previous ISBN 9781 4453 9965 2 eISBN 9781 4453 7061 3 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place 142-144 Uxbridge Road London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom by RICOH Ricoh House Ullswater Crescent Coulsdon CR5 2HR A note about copyright Dear Customer...
Words: 210642 - Pages: 843
...policies. An organizations stakeholder has an interest in the company, and plays a critical role in daily operations. If I had to choose a company to assume an executive position in; it would be AOL. This company is was on the forefront of social media launching. They changed the way we communicate with one another and created a global community of collaboration. AOL began as a small, but passionate group of employees that had a vision about future encounters on the internet. Their sole purpose then and now remains the same; delivery of news, service and enhancing social activities for a consumers of all ages. AOL has many accomplishments, but one of the most outstanding of them all; is opening of their executive positions to all that qualify. They overcome the hurdles that most company is still having difficulties achieving. They empowered women in the corporate America arena; unlike any company in the world. This is a major competitive edge. Additionally, AOL’s compensation plans are very competitive in the media industry. “Their workforce consists of more than 13,000; with salaries of $50,000 to $200,000 per year.” (AOL Salaries, 2013) Among these salary lye many stakeholders, that perform their duties interactively to achieve company goals. Stakeholders each share different interest levels in an organization. For Instance, the primary stakeholders are referred to as the internal stakeholder. Primary or sometimes refer to as market stakeholders are those elements is the company’s...
Words: 1442 - Pages: 6
...evaluating these boundaries. The affected stakeholders are experiencing concerns. One must first identify the stakeholders and their concerns before he or she can establish each of the concerns. Choosing a strategy for negotiation and reviewing the ethics and culture effects will ensure that the negotiation approach is applicable for the circumstances. In this paper the subject to analyze is a negotiation strategy that favors the board’s requirement to redraw school boundaries, identification of the stakeholders and how culture, and ethics affect the strategy. Stakeholders To originate an efficient negotiation strategy, one must identify the stakeholders and stakeholders concerns. The stakeholders in the Miami School District project are the students, parents, teachers, and school staff, and the community. The students are primary stakeholders because students who change schools will encounter a new teachers, campus, and classmates. Students will depart from the comfort of familiarity. The parents will experience the effects of a new environment for their children, and a different location of the new school. Teachers and staff will experience class sizes caused by the redistribution of students. The community would experience such effects as the influence of property value because of school boundaries. The community could experience this effect whether or not the community will have students in the school district. Stakeholders Concerns The school board will experience...
Words: 1557 - Pages: 7
...Team Project: “LIFE CYCLE PROJECT DEVELOPMENT” Stakeholder Analysis | | | | Team Number: Team 4 | Stakeholder | Internal or External I or E | Affected by Project H, M, L | Priority H, M, L | Stakeholder Objectives and/or Expectations | Influence on Project H, M, L | Positive(P) and/or Negative(N) Impact(s) to Project | Action Steps to Establish, Maintain, and Nuture Relationship | New Customers | E | H | H | Expects a new mountain bike that fulfills their needs and wants. | H | P (Learning about their expectations can help us build a product that meets their needs.) | Conduct market research in the form of surveys and focus group interviews to ensure that the bike meets their needs. | Existing Customers | E | M | H | Needs may already be fulfilled with the existing line of road bikes, but could be in the market for a mountain bike as well. | H | P/N (Some customers may be satisfied with the existing line and may not care about the new line of mountain bikes.) | Conduct market research in the form of surveys and focus group interviews to ensure that the bike meets their needs. | Competitors | E | H | H | Will want the project to fail to maintain their share of the mountain bike industry. | L | N (Competitors could redesign their existing mountain bike models or introduce new ones in response.) | Monitor their product offerings to ensure that no competitors are offering products or services that would out perform our own. | Owner | I | H | H | Should...
Words: 1169 - Pages: 5
...Instructions | This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 4. The second 15 questions cover the material in Chapter 5. Be sure you are in the correct Chapter when you take the quiz. | * Question 1 3 out of 3 points | | | According to the stakeholder model, which primary stakeholder group is theoretically most important to the company?Answer | | | | | Selected Answer: | all primary stakeholders are of equal importance | Correct Answer: | all primary stakeholders are of equal importance | | | | | * Question 2 3 out of 3 points | | | Doug has a low-paying job for a telecommunications company. Every day when he goes home from work, Doug puts a headset, a stapler, or something similar in his lunch box and takes it home with him. Doug sees nothing wrong with his behavior since he feels inadequately paid. In terms of Kohlberg's stages of moral development, Doug is operating at which level?Answer | | | | | Selected Answer: | preconventional | Correct Answer: | preconventional | | | | | * Question 3 3 out of 3 points | | | A(n) ____ is a written test that estimates employee honesty by directly asking job applicants what they think or feel about theft or about punishment of unethical behaviors.Answer | | | | | Selected Answer: | overt integrity test | Correct Answer: | overt integrity test | | | | | * Question 4 3 out of...
Words: 1581 - Pages: 7
...Social Responsibility of Company Q Does Company Q have a positive attitude towards being social responsible? The evidence lay in the actions and reactions, or lack thereof, towards the needs and desires of one of its primary stakeholders, their customers and the communities in which they do business. First we should consider that they have recently closed two stores located in “questionable” areas, citing lack of profitability. The public perception of this move is clear that it is more related to the reported high crime levels in the communities surrounding these locations as the key focus to the closing of these stores. These locations are likely vital to the local customers for convenient availability of the goods and services Q offers as they now will be required to travel to stores outside their own community to acquire these. Closing of the stores without assessment of the impact on the community shows a clear disregard for the needs of these stakeholders. This displays a shareholder based corporate governance philosophy, thus exhibiting a lack of socially responsible thinking. Second when specifically requested for donations of day old perishable foods to a local food bank Company Q instead has chosen to dispose of the foods citing worries over lost revenue caused by the potential of employees collecting the foods for donation while in fact they would be keeping it for their own consumption, thus stealing from Company Q. These donations could be made without any significant...
Words: 795 - Pages: 4
...Management and Organizational Theory Reaction Paper 3 October 12, 2011 Professor Arevalo The Face of Higher Education: Corporate Social Responsibility, Stakeholders and the Managerial Role Abstract The purpose of this paper is to examine three themes that have been discussed in our Management Process and Organizational Theory course: Corporate Social Responsibility, the Stakeholders, and Managerial Roles. Corporate Social Responsibility emphasizes the commitment an organization makes to achieve greatness following the law and making a profit. The discussion of managers and their roles considers how certain kinds of manager’s function as it relates to making a decision. A stakeholder’s involvement in an organization is crucial to that organization and how the organization influences society or their surrounding community. All three of these themes are being analyzed from the aspect of higher education. Many discussions have been held in which the components of organizational theory, management, and organizations have been examined. This paper intends to take the three themes and analyze how they are applied to or affected by higher education, since higher education (undergraduate, graduate, post-graduate levels) as an organization helps prepare individuals for the workplace to potentially become a manager or even stakeholder and practice Corporate Social Responsibility. Corporate Social Responsibility The concept of Corporate Social Responsibility is a relatively new phrase...
Words: 1480 - Pages: 6
...Task 2: (LO 1 AC 1.2 ) For one of the organisations you identified in task 1 you will complete a stakeholder analysis chart that identifies each stake holder group's key objectives. You need to identify at least nine stakeholders. Stakeholder Analysis for BT groups. |Stakeholder Group |Stakeholder Group Name |Stakeholder Key Objective |To what extent the organisation has met the | |Number | | |objective | |1 |Shareholders |Shareholders buy shares in a company. | BT rewards its shareholders by giving them a | | | |Shareholders have a direct interest in |share of the profits. | | | |seeing the company become more profitable. | | |2 |Employees |bring skills such as creativity and problem| BT runs programs to improve the skills of its | | | |solving for the company, increase the |employees. | | | |company’s core competencies. workforce |provide its employees with attractive rewards | | | |helps business to achieve...
Words: 473 - Pages: 2
...and secondary (or market and nonmarket) stakeholder groups influencing or influenced by SunCal's plans to develop a 26-acre site in the resort district. (5 marks) Primary Stakeholders (also known as market stakeholders) are defined as those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services. Secondary Stakeholders (also known as nonmarket) stakeholders are defined as people and groups who – although they do not engage in direct economic exchange with the firm – are nonetheless affected by or can affect its actions. As previously mentioned, primary (market) stakeholders are groups that are directly involved in the economic transactions of a business. In the case of A Brawl in Mickey’s Backyard there are a number of primary stakeholders beginning with the SunCal development group and Disneyland theme parks. These primary stakeholders are also the primary organizations involved with the development dispute in Orange County. Both of these groups are primary stakeholders because the outcome on whether or not directly affects their businesses. If the development is allowed to go through, then the vision of Disneyland where they “don’t want the public to see the world they live in while they’re in Disneyland” is compromised, and if the development is halted then the SunCal business is affected because of a lost opportunity. Additional primary stakeholders in this case are the workers at Disneyland/Their...
Words: 922 - Pages: 4
...devices” to monitor the movements and voices of their call centre employees. Such actions have ethical implications as to the privacy concerns of employees and impingements to their lives. b. Identify the primary stakeholders and their role in the ethical issues, and fill out the table below. Stakeholder (individual or group) | Ethical issue | Their role | Individual rank and file employee | Professional duties and responsibility | To be productive and create economic value for themselves and for the organisation. | Managers and Team Leaders | Systems improvement and reliability | To establish team coherence for a strong “fighting spirit” of the team. | c. Describe any hidden (opaque) features or issues that have ethical implications and whether they are known or unknown features (see slides 18 and 19, Lecture 1). 1. The setting up of sensors in targeted locations in the office premises that do not qualify what it can hear and track from the employees are surely have unknown hidden features. 2. The use of voice mails, emails, and recordings have some hidden features but almost everybody knows about them. i. Is there a role for disclosure? Explain. Yes, there is a role for disclosure. For me, a disclosure clause can give the stakeholders the freedom to choose and delineate about their concerns for their rights and privacy in the workplace. d. The issues, as presented by Silverman, are descriptive. How would you express the issues in a normative sense...
Words: 611 - Pages: 3
...Chapter 2 Solution Manual Outcomes * Review documents to discover relevant entities and attributes for database * Prepare interview questions and follow up * Prepare questionnaires * Observe work flow for process and exceptions Outline I. Gathering Information A. Initial Interviews with Chief Stakeholders B. Review of Business Documents C. Interviews with Stakeholders D. Questionnaires E. Job Shadowing II. Review of Business Documents A. Reasons for Review B. Forms C. Reports D. Other Business Documents III. Types of Databases A. Transaction Database B. Management Information Systems C. Business Intelligence Systems D. Cloud Databases IV. Interviews with Stakeholders A. Preparing for the Interview B. Conducting the Interview C. Note Taking and Evaluating the Interview V. Questionnaires A. When to Use Questionnaires B. Advantages and Disadvantages C. Comparison with Interviews VI. Work Shadowing A. Reasons to Observe Stakeholders at Work B. Looking for Exceptions VII. Documentation A. Business Documents B. Interview Questions and Answer Summaries C. Questionnaires and Summaries Vocabulary 1. Closed-Ended Question | g. A multiple choice question | 2. Domain | o. The purpose or subject of a database | 3. Business Intelligence | g. A Set of tools for analyzing business trends | 4. Exception | j. An Alternate way of doing a process | 5. Form | b. A document for gathering input | 6. Transaction...
Words: 6806 - Pages: 28
...Running head: Social Performance of Organizations Social Performance of Organizations BUS475 Greg Allen Strayer University 11/2/2014 Social Performance of Organizations Specify the nature, structure, types of products or service of your chosen organization, and two (2) key factors in the organization’s external environment that can affect its success. Provide explanation to support the rationale British Petroleum is third largest energy company in the world because of its international markets activities is considered as a multinational Oil company Headquartered in London and as a largest producer of oil and gas in the North of America. (BP) The company has huge market impact, which gives it notable trading performance in the global energy industry. (BP). Their structure is set up through two main operating segments, Upstream and Downstream, in which BP finds, develops and produces vital sources of energy, turning them into products that we need. BP also buys and sells at each stage of the hydrocarbon value chain which is a series of processes to transform hydrocarbons from a basic natural resource into the complex fuels and materials which our modern world depends on. They also have stake in renewable energy that include biofuels and wind. The products and services they provide customers with vary form fuel for transportation, energy for heat and light, all way to lubricants to keep engines running, and the petrochemicals products used to make everyday...
Words: 2188 - Pages: 9
...last main environment is environment is economic. Our company is in Taiwan, and we import hearing aid sell to our customers, so our product is middle price. Not low price. If the Economic environment is bad, then we also can’t accomplish the sales. Q3. The benefit of using a stakeholder approach is able to think of other stakeholders' interest can better inform the moral dimension of your own decisions. The stakeholder approach also provides a means for mapping complicated relationship between the focal and other stakeholders, a means of identifying the strategies of each stakeholder, and a means for assessing the moral responsibility of all the constituencies. As a result, I know the stakeholder approach I can choose more options to solve the problem. For example, my manager will tell me the profit price of the hearing aid, and we sell different price to the dealer and our own customers. If I don’t know the difference of the dealer and customer which is dealer usually will buy an amount of our product to get a lower price, and dealer also is business to business. Unlike sell to the customers which is business to the customers. By knowing the stakeholders approach, I will know who the primary stakeholders. Real time...
Words: 1000 - Pages: 4
...mainly funded by legacies and wills, accounting 40% of their income, the rest is made up of other voluntary income coming in at 31%, profits from the retail division at 23% and investment income at a low 5%. But then again, it is a not profit but for research in order to pioneer research into the causes of heart disease and methods of prevention and treatment. And yes, they have shops too. The British Heart Foundation runs a large chain of charity shops throughout England, Wales and Scotland. As of 2013, they run over 700 shops and around 20,000 staffed volunteers. Nowhere close to Tesco, but it has become one of the biggest charity organisations in Europe considering it’s voluntary. Of course none of these would be possible without the stakeholders of the...
Words: 1277 - Pages: 6
...procedures violating consumers right to safety. As a result millions of children are in harm’s way and are susceptible to life-altering health risks. Having a lack of regulation on imported toys has resulted in high levels of lead paint and loose magnets. Government regulation or a lack of government regulation has also caused many companies aside from Mattel to cut corners and look more at the bottom line as opposed to the safety of consumers. According to Lawrence and Weber, stakeholder theory “argues that corporations serve a broad public purpose; to create value for society”. It can be assumed Mattel was acting unethically with regards to producing unsafe products for their consumers; as a result, devaluing our society in terms of safety. Within the Mattel case the primary stakeholders, individuals who directly benefit from the corporations activity, are the parents and their children. As primary stakeholders they were affected by Mattel’s lack of management and poor product design. Secondary stakeholders, toy retail stores, argued that they were not liable for...
Words: 1166 - Pages: 5
