FAE Exam Advice

I sat my FAE exams a few years ago, and managed to get through first time around. Here are a few pointers which should be of use to you. What does the FAE exam test? Technical knowledge Practical application of that technical knowledge (NB practical, wasting time showing off your all your theoretical knowledge will …

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5 Advantages of Strategic Planning for ACCA Paper P3

Not all companies engage in strategic planning, some of them view it as an unnecessary distraction from day-to-day activities. This type of unplanned strategy is called ’emergent strategy’. Most companies recognise the benefits of strategic planning, so what are they?

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Update: CAP2 Financial Reporting mind maps

CAP2 Financial Reporting isn’t a subject that many visual learners find easy. Read through these mind maps alongside your current textbook and notes, and use the combination of both your own notes and mind maps to visualise the study material.

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6 Features of Good Corporate Governance in Public Sector Organisations

Public Sector organisations are different to private organisations as there can be a number of different stakeholders involved. For example, they may report and be held accountable to senior civil servants, who run the organisation and oversee its goals. They may also be accountable to the politicians, who these civil servants report to. Ultimately, they are accountable to the electorate, who vote the politicians into office.

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Agency Theory and Relationships for Governance Risk and Ethics

An agency relationship exists where a principal (the owner) or an organisation engages an agent (the manager) to perform duties on the principal’s behalf. For example, the shareholders delegate the running of a business to the directors. Here’s a quick overview if you’re studying Governance Risk and Ethics.

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Objectives and Features of Good Corporate Governance for ACCA P1

Corporate Governance represents the set of policies and procedures that determine how an organisation is directed, administered and controlled. Here are a few bits you might find useful for your ACCA P1 exam.

Objectives of Corporate Governance

  • The codes and regulations provide a mechanism for successful business
  • Corporate Governance codes and regulations help control executive directors of public companies
  • They provide checks and alerts

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