F1 ACCA 讲义

5. The syllabus of F1 (You can see the contents and relationships between parts of F1)
The business organisation, its stakeholders and the external environment (A)
END
F1
Stakeholders in business organisations
3. The common features of organisations
a b
c d e
Formal documented systems and procedures People specialization
Variety of objectives Inputs-processing-outputs Synergy
5. The types of organisations
• Non-governmental organisations
An independent voluntary association of people acting together for common purposes The primary objective of a NGO is not a commercial one but related to social, political or environmental issues.
5. The types of organisations
• Example question In which of the following organisation can one member dominate the organisation? A. Cooperatives B. Limited companies
5. The types of organisations
• Limited companies
More money available; Reduced risk; Separation of ownership and control; Flexibility The public limited companies can obtain funds from the public directly while the private limited companies can only obtain funds from the founder, business associates or venture capitalists.
1. The definition of organisations
• Example question
An organisation is a social arrangement which pursues collective___ which controls its own performance and which has a boundary separating it from its environment. Which of the following words best completes this sentence? A. Profits B. Stakeholders C. Goals D. Tactics
2. Why do organisations exist?
Reasons
a b c Overcome people’s individual limitations Enable people to specialise Save time
d e
Share knowledge Synergy
2. Why do organisations exist?
5. The types of organisations
• Cooperatives and mutual associations
Cooperatives are business owned by their workers or customers. Open membership; Democratic control; Promotion of education; Distribution in proportion to purchases Mutual associations are owned by their members such as the credit union formed by financial institutions
5. The types of organisations
• Example question
Which type of organisations can obtain funds from the public directly? A. Private limited companies B. Public limited companies
• Example question What is the term given to the idea that the combined output of a number of individuals working together will exceed that of the same individuals working separately? A. Sympathy B. Specialisation C. Synergy D. Systems thinking
Leading and managing individuals and teams (D)
Professional ethics in accounting and business (F)
F1
The purpose and types of business organisations
1. The definition of organisations
• Private vs public sector Private
Not owned by government Profit orientation
Public sector
Owned by government Fairness, filling the gaps left by private organisations, more efficient in some areas
• •
4. Main capabilities required
• Recite The definition, objectives, functions, roles of important concepts and points
Example: What is the 4 “P” in the marketing mix represent? (Product, Place, Price, Promotion, You have to memorise the concept))
F1
Introduction
1. What is F1 about?
• The aim of F1 is to introduce accountancy firmly in its context as a central business function. (That is to say, F1 is the beginning and most fundamental paper in ACCA, it is the basis for other papers. So being well prepared)
• Definition
An organisation is a social arrangement which pursues collective goals, which controls its own performance and which has a boundary separating it from its environment.
4. Main capabilities required
• Understanding The contents of some important theories and models
Example: According to the Mendelow’s matrix, what strategy should be given to stakeholders with low interest and high power? (Keep satisfied. You should understand the different strategies on different stakeholders)
4. Main capabilities required
• Application Find out the correct answer in a scenario
Example: John processes invoices, Susan is John’s supervisor. Mary is deciding how many staff should be recruited. Tom is considering the new work the company should offer. Who is carrying out tactical activities? (Mary. You should firstly understand the characteristics of tactical activities, then find out the answer in the scenario)
2. The relationship between F1 and other papers
P1 (Governance, risk and ethics)
P3 (Business analysis)
F1 (Accountant in business)
In fact, F1 is the basis for all other papers.
4. How organisations differ?
a
b c d e
Ownership
Control Activity Profit or not-profit orientation Legal status
f
g h
Size
Sources of finance Technology
5. The types of organisations
Business organisation structure, functions and governance (B) Accounting and reporting systems, control and compliance (C) Personal effectiveness and communication (E)
• Profit vs not-for-profit organisations
Profit/Commercial
Maximize profit/ dividend
Not-for-profit
Provide goods and service/minimise cost
5. The types of organisations
3. About the exam
•
•
A two-hour exam
50 compulsory multiple choice questions with total 100 rks A pass rate of 50% Either computer based or written paper