Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

ACCA > ABCD > Flashcards

ABCD Flashcards

1
Q

3 leadership theories

A

trait: born with traits
behavioural: patterns of behaviour
contingency: the environment affects type of leader needed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

2 leadership styles

A

transformational: touches lives
transactional: focuses on systems

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

entrepreneurship:

A

businesses set up by individuals wanting to take risks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

intrapreneurship:

A

integrates risk taking amongst employees within a company

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

WHY is a firm unable to adapt to change?

A

cultural web

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

corporate code of ethics

A

set by business

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

professional code of ethics

A

set by profession

IESBA code of ethics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

UK ethics

A

principle based approach, allowing room for interpretation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

USA ethics

A

SOX approach, if broken, law is broken

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

IS profit being made in an ethical way?

A

tuckers 5 Qs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

IS this a good strategy?

A

JSW model

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

ANALYSE macroenvironment of firm?

A

PESTEL

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

WILL this allow the firm to be global or move locations?

A

porters diamond

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

SHOULD i enter this market?

A

Porters five forces

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

CUSTOMER analysis?

A

segmentation, motivation and unmet needs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

ACHIEVE performance requirements and fundementals to success

A

CSF and KPI, for products and services

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

WHICH activities contribute to competitive advantage?

A

value chain

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

ASSESS strategic objectives

A

SFA

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

WHERE to allocate cash?

A

BCG matrix

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

HOW to grow?

A

ansoff matrix

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

corporate governance

A

the systems by which companies are directed and controlled

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Agency - Principal theory

A

directors, managers, auditors VS shareholders

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

agency costs

A

cost arising from agent acting on behalf of principal

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

corporate stakeholder

A

someone thats affected by actions of corporation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
internal stakeholder
director, employee, management
26
external stakeholder
auditors, government, regulators
27
WHICH stakeholders shall we focus on
stakeholder map
28
CSR 5 aspects
``` operate ethically treat employees fairly respect human rights responsible citizen sustain environment ```
29
insider system
family run
30
outsider system
principal, agent
31
AGM
required annually by law to go over election of directors and appointment of auditors
32
EGM
Extraordinary general meeting, usually called on short notice to deal with an urgent matter
33
FCA full cost accounting for sustainability
takes into account economic, environmental and social costs of production need lots of data, how to cost environ and social costs
34
TBL Triple bottom line accounting for sustainability
report 3 aspects. economic indicators, environmental indicators and social indicators. Recognises issues in business model (rather than accounting for them as costs)
35
IR- INTEGRATED REPORTING
IR is the future of accounting, it focuses on the future and how to add value, information is accessible to everyone. very resilient and idenitifies critical relationships
36
Board of directors: multi tier
1 board of execs and 1 board of NEDs, clear and formal separation BUT execs may have too much power
37
NED
challenge strategy, monitor performance, decide on remuneration of exec directors
38
reasons for main commitees
to delegate time consuming and detailed work | separate aspects where they may have conflicts of interest
39
Main committees
remuneration nomination audit and risk
40
public sector governance focus - 3 Es
economy, on budget effectiveness, deliver what's planned efficiency, deliver an acceptable return
41
NGOs, non governmental organisations
task oriented, usually with humanitarian function e.g. red cross
42
remuneration committee
remuneration should be sufficient enough to attract people and provide an incentive to work hard
43
audit committee
should over see internal audit liaison with external auditors all members should be independent
44
nominations committee
identify candidates with the correct background and skills to fill the committee
45
public sector governance
they carry out activities on behalf of those that pay taxes, problem is how much should be allotted to what activities
46
enivornmental management system EMS
aims may be to: minimise environmental impact, comply with laws and regulations, make continual improvements.
47
mendlow matrix
-
48
board of directors: unitary board
UK and US have this structure, one whole board of directors and half should be NEDS, they all contribute and all have legal status
49
responsibility of board of directors
skill, care, attendance, no conflicts of interest and no personal gain
50
directors remuneration components
``` basic salary bonuses shares, share options benefits pensions ```
51
Risk committee
approve organisations risk management and risk policy
52
Risk definition
risk is assosciated with the possibility that things might go wrong
53
Risk Management
process of managing all kinds of risks that an organisation might face
54
Speculative Risk
the outcome could be positive or negative
55
Pure Risk
the outcome can only be negative
56
Fundamental Risk
the risks that impact society as a whole or a large group of people
57
Particular Risk
risks by choice of action, where individuals have control
58
Risk appetite
set by the board and its the level of risk you should take
59
Risk Management Process
identification: list analysis: prioritise planning: contingency monitoring: assessment
60
COSOERM
strategic, operations, reporting and compliance
61
Key risks
market, product, environmental, financial, political
62
Operational risks
relate to matters that can go wrong on a day to day basis
63
Strategic risks
risks relating to the fundamental and key decisions that directors make about the future
64
Business risk
relating directly to the business e.g. product, currency, interest rate, political
65
Financial risk
gearing risk and liquidity risk
66
Risk appetite is based on
risk capacity (amount) and risk attitude (extent)
67
Analysing risk
analyse the impact AND likelihood which allows more control over impact
68
Risk Manager
provides info, assistance and advice on how to improve risk awareness
69
Risk managers activties
identifies risk, prepare risk reports and establishing models for risk assessment
70
Risk awareness
crucial at all parts of an organisation, ensures people know what to do when a risk occurs
71
embedding risk
effective communication and lack of blame culture
72
hedging
equal and opposite = neutralises risk | hedgin is the theory to create an opposite situation to get rid of risk
73
TARA
transfer, avoid, reduce and accept
74
Ansoff Matrix
market penetration is least risk and diversification is very risky
75
porters 5 forces
supplier demand, buyer demand, threst of new entrants, threat of subs, competitive rivalry

ACCA (4 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions