An organisation which is eager to achieve efficiency in its offices is bound to allocate a sufficient proportion of time to observing operations in the offices, to looking for ways to improvement, to the stimulation of helpful suggestions. It might be guided by the following principles, although it is unlikely in practice to go as far as formulating a list such as that given here:
Full use is to be made of delegation of authority to ensure that time and effort are being economically spent. Too much centralisation of operation can lead to duplication. It may also weaken the motivation to work of the office staff.
Lines of authority should be made clear, so as to remove uncertainty about responsibility for taking decisions and carrying out operations.
Sub-division of tasks should not be carried so far that there has to be unnecessary controls and paperwork, and futile expenditure of effort. Research into the intense sub-division of office tasks suggests that it leads to monotony and lower standards of performance.
In some circumstances very large general offices can be the cause of reduced efficiency.
A specialised service unit, e.g. for imputing computer data, keying, or filing, or mailing, can be expected to perform more efficiently than a large number of separate service units, one for each division of the office.
Communication channels should be such as to encourage the flow of productive suggestions up the line of authority.
Co-ordination may quickly lapse in vital areas unless constant vigilance is exercised over it.
In selecting managerial staff for the office, leadership and initiative count as well as technical and professional qualifications.
Office training at all levels cannot be safely neglected.
Wherever possible, the techniques of work measurement should be applied to the control of standard of output.
The role of supervisors and section leaders in maintaining morale and productivity should be recognised.
Office management is part of the ACCA Paper F1 syllabus and is covered by the tony.surridge.co.uk ACCA e-books which cover exam text, diagnostic questions and answers, mnemonics and charts in selected subjects.
Showing posts with label ACCA books. Show all posts
Showing posts with label ACCA books. Show all posts
Saturday, 20 August 2011
The nature of office work
THE NATURE OF OFFICE WORK
Understanding the nature of office work is part of the ACCA Paper F1 syllabus.
In all offices, whether they are large or small, or whether they are in government, business or commerce, there is discernible a common pattern or cycle of activity. Information, usually in the form of electronic media, writing, or printing, is received. The piece of paper or form may have come through the post, from another office in the same organisation, or it may have originated in the office itself as the result of a telephone call or electronic processing. This information or ‘data’ is now invariably the subject of clerical activity. Broadly, this work consists of examining documents and deciding what to do with them, checking the data on the documents for completeness or credibility, sorting the documents, copying the data from one document to another, doing arithmetic on the data, summarising and analysing the data, and checking the results for accuracy. This electronic flow or ‘paperwork’, which may be performed with or without the assistance of machines, constitutes the processing of data.
SERVICES PROVIDED BY AN OFFICEAn office gives the following service:
Communication, both inside and outside the organisation. This will include writing, word processing, emailing, oral communication, meetings and mailing services. Some office records are made obligatory by law, e.g. certain forms of accounts. Others are maintained for their contributionto business efficiency.
The processing of information, including indexing, coding, sorting, collating and arithmetical processes.
The storage of information, including recording, copying and duplicating. One may also include here the transporting of data and the posting of records to another place. This can involve electronic data flow or manual work.
Management information, including aids to decision making.
The safeguarding of assets. Under this will come the protection of cash, inspecting, checking,comparing, auditing and arranging insurance cover.
Understanding the nature of office work is part of the ACCA Paper F1 syllabus.
In all offices, whether they are large or small, or whether they are in government, business or commerce, there is discernible a common pattern or cycle of activity. Information, usually in the form of electronic media, writing, or printing, is received. The piece of paper or form may have come through the post, from another office in the same organisation, or it may have originated in the office itself as the result of a telephone call or electronic processing. This information or ‘data’ is now invariably the subject of clerical activity. Broadly, this work consists of examining documents and deciding what to do with them, checking the data on the documents for completeness or credibility, sorting the documents, copying the data from one document to another, doing arithmetic on the data, summarising and analysing the data, and checking the results for accuracy. This electronic flow or ‘paperwork’, which may be performed with or without the assistance of machines, constitutes the processing of data.
SERVICES PROVIDED BY AN OFFICEAn office gives the following service:
Communication, both inside and outside the organisation. This will include writing, word processing, emailing, oral communication, meetings and mailing services. Some office records are made obligatory by law, e.g. certain forms of accounts. Others are maintained for their contributionto business efficiency.
The processing of information, including indexing, coding, sorting, collating and arithmetical processes.
The storage of information, including recording, copying and duplicating. One may also include here the transporting of data and the posting of records to another place. This can involve electronic data flow or manual work.
Management information, including aids to decision making.
The safeguarding of assets. Under this will come the protection of cash, inspecting, checking,comparing, auditing and arranging insurance cover.
Focus groups
The use of focus groups is one tool used in market research.
A focus group usually consists of a representative group of consumers who agree to provide data on a continuous basis about a particular product or service or marketing element, such as price and advertising. This group of people are asked about their attitude towards the product, service, idea, concept, advertisement, packaging or price in an interactive group setting where participants are free to talk with other group members.
In the world of marketing, focus groups are seen as an important tool for acquiring feedback regarding new products, and changes to the marketing mix. In particular, focus groups allow a panel of consumers of a company wishing to develop, name, package, price, promote or test market a new product, to view, test and discuss the new product before it is made available to the public. This can provide invaluable information about the potential market acceptance of the product.
In a typical focus group, a number of respondents gather in the same room. They have already been selected to ensure that they are part of the relevant target market and that the group is a representative subgroup of this market segment. There are usually 6 to 10 members in the group, and the session lasts for 1 to 2 hours. A moderator guides the group through a discussion that probes about the company's (client's) proposed products or services. The discussion is loosely structured, and the moderator encourages the free flow of ideas. The moderator is typically given a list of objectives or an anticipated outline. He/she will generally have only a few specific questions prepared prior to the focus group. These questions will serve to initiate open-ended discussions.
Usually, a video camera records the meeting so that it can be seen by others who were not able to travel to the site. Transcripts can be created from video tape.
If the participants speak different languages a simultaneous interpreter may be used.
Knowledge of the use of focus groups is part of both ACCA Paper F5 and Paper P3, both of which are covered by the tony.surridge.co.uk ACCA e-books which cover exam text, diagnostic questions and answers, mnemonics and charts in selected subjects for the ACCA syllabuses.
A focus group usually consists of a representative group of consumers who agree to provide data on a continuous basis about a particular product or service or marketing element, such as price and advertising. This group of people are asked about their attitude towards the product, service, idea, concept, advertisement, packaging or price in an interactive group setting where participants are free to talk with other group members.
In the world of marketing, focus groups are seen as an important tool for acquiring feedback regarding new products, and changes to the marketing mix. In particular, focus groups allow a panel of consumers of a company wishing to develop, name, package, price, promote or test market a new product, to view, test and discuss the new product before it is made available to the public. This can provide invaluable information about the potential market acceptance of the product.
In a typical focus group, a number of respondents gather in the same room. They have already been selected to ensure that they are part of the relevant target market and that the group is a representative subgroup of this market segment. There are usually 6 to 10 members in the group, and the session lasts for 1 to 2 hours. A moderator guides the group through a discussion that probes about the company's (client's) proposed products or services. The discussion is loosely structured, and the moderator encourages the free flow of ideas. The moderator is typically given a list of objectives or an anticipated outline. He/she will generally have only a few specific questions prepared prior to the focus group. These questions will serve to initiate open-ended discussions.
Usually, a video camera records the meeting so that it can be seen by others who were not able to travel to the site. Transcripts can be created from video tape.
If the participants speak different languages a simultaneous interpreter may be used.
Knowledge of the use of focus groups is part of both ACCA Paper F5 and Paper P3, both of which are covered by the tony.surridge.co.uk ACCA e-books which cover exam text, diagnostic questions and answers, mnemonics and charts in selected subjects for the ACCA syllabuses.
Friday, 19 August 2011
Market research
Market research is activity which is used specifically to provide data to facilitate the making of marketing decisions - namely: product development, pricing, communication and distribution decisions. Such decisions can be classified as either ongoing, i.e. relating to the problems encountered in the continuous process of marketing a portfolio of products or services; or ad hoc, i.e. arising out of particular problems or developments.
Market research consists of a variety of techniques each of which matches a particular need;examples of such techniques include the following:
- web scanning
- monitoring trade press
- marketing feedback
- focus groups (see below)
- structured and unstructured interviews
- observation
- motivational research
- market surveys
- marketing experimentation
Market research is covered in the syllabus of ACCA and is covered by the e-books of tony.surridge.co.uk.
We recommend the tony.surridge.co.uk ACCA e-books which cover exam text, diagnostic questions and answers, mnemonics and charts in selected subjects. These provide important support for students studying the ACCA syllabus.
Market research consists of a variety of techniques each of which matches a particular need;examples of such techniques include the following:
- web scanning
- monitoring trade press
- marketing feedback
- focus groups (see below)
- structured and unstructured interviews
- observation
- motivational research
- market surveys
- marketing experimentation
Market research is covered in the syllabus of ACCA and is covered by the e-books of tony.surridge.co.uk.
We recommend the tony.surridge.co.uk ACCA e-books which cover exam text, diagnostic questions and answers, mnemonics and charts in selected subjects. These provide important support for students studying the ACCA syllabus.
Production Control
Production control is an inevitable consequence of the need for production planning. Any plan must incorporate certain controls to ensure that targets are achieved. In particular, there must be provision for managers to be informed of, and to investigate, unexpected variances from the plan. In a large organisation a wide range of production controls will exist as shown below:
Progress Control, which is the control of production programmes and schedules in order to ensure that planned output is attained.
Cost Control, which is the control of a whole series of budgets, including such aspects as material cost control and labour cost control, in order to ensure that the original budget for costs of production is observed.
Quality Control, which is the control of the quality or standard of the product. This is closely allied to, and indeed will often be the responsibility of the inspection department.
Machine Utilisation Control, which is the control of machine loading, in order to ensure that the ‘load’ is related to machine capacity.
Stock (inventory) Control, which is the control of stocks and stores, in order to ensure that supplies are available as required and that their availability will not, therefore, interrupt production schedules.
Computer Control, which is the control of some operation which is entirely automatic. It differs fundamentally from the other controls in that, whereas, they involve taking corrective action in response to a detected deviation from target, usually some time after the deviation has been detected,computer control involves an immediate and automatic adjustment to maintain the required target. In other words, control is ‘in-built’ and there is no separate control process.
Production control is -part of the ACCA syllabus and is covered by the e-books of tony.surridge.co.uk
We recommend the tony.surridge.co.uk ACCA e-books which cover exam text, diagnostic questions and answers, mnemonics and charts in selected subjects. These provide important support for students studying the ACCA syllabus.
Progress Control, which is the control of production programmes and schedules in order to ensure that planned output is attained.
Cost Control, which is the control of a whole series of budgets, including such aspects as material cost control and labour cost control, in order to ensure that the original budget for costs of production is observed.
Quality Control, which is the control of the quality or standard of the product. This is closely allied to, and indeed will often be the responsibility of the inspection department.
Machine Utilisation Control, which is the control of machine loading, in order to ensure that the ‘load’ is related to machine capacity.
Stock (inventory) Control, which is the control of stocks and stores, in order to ensure that supplies are available as required and that their availability will not, therefore, interrupt production schedules.
Computer Control, which is the control of some operation which is entirely automatic. It differs fundamentally from the other controls in that, whereas, they involve taking corrective action in response to a detected deviation from target, usually some time after the deviation has been detected,computer control involves an immediate and automatic adjustment to maintain the required target. In other words, control is ‘in-built’ and there is no separate control process.
Production control is -part of the ACCA syllabus and is covered by the e-books of tony.surridge.co.uk
We recommend the tony.surridge.co.uk ACCA e-books which cover exam text, diagnostic questions and answers, mnemonics and charts in selected subjects. These provide important support for students studying the ACCA syllabus.
Sunday, 14 August 2011
The London 'Black taxi'
Are you an ACCA professional travelling to work in a London Black Taxi?
Some basic facts about the London Black Taxi:
The first black taxi in London was the hackney coach in the 17th Century. The name comes from hacquenée, the French term for a general-purpose horse. It literally means, 'ambling nag'. In 1625 there were as few as 20 available for hire, operating out of inn yards. In 1636, the owner of four hackney coaches brought them into the Strand outside the Maypole Inn, and the first taxi rank had appeared. He established a tariff for various parts of London, and his drivers wore livery, so they would be easily recognisable. 'Hackney carriage' is still the official term used to describe taxis.
When the drivers began using lighter cabriolets, two-wheeled vehicles from France, at the beginning of the 19th Century, they became known as 'cabs'. The name comes from the French for 'jump like a goat', as they were very light, and tended to bounce through the streets. The London Hackney Carriage Act was passed in 1831, and the Metropolitan Police gained control of the trade for the next 169 years.
Wilhelm Bruhn invented the taximeter in 1891, and it is from this that the term taxi comes from. The taximeter measures the distance travelled and time taken of all journeys, allowing an accurate fare to be charged. These were disliked by cab drivers as they did not want their incomes regulated by machines. Bruhn ended up being thrown in the river by drivers, although his invention is still being used today.
Drivers do not have to stop if you hail them, whether or not the yellow 'taxi' sign is lit. This is because, legally, taxis are not plying for hire when they are moving. However, if they do stop, they are considered 'standing in the street' and cannot refuse a fare under six miles or that will take less than one hour. These regulations are to prevent the now non-existent horse from becoming fatigued or thirsty.
Fascinating Facts
Taxis were banned from driving through Hyde Park in 1685. This was due to the unruly behaviour of some ladies in a hackney coach. The ban was lifted in 1687, only to be reinstated in 1711 due to 'several disorders' being committed. That time the ban lasted until 1924.
Taxi drivers are not legally obliged to give change. If a large note is offered the driver is entitled to take the cash, and offer to post the change to the passenger's home address.
The 'Knowledge of London' was introduced in 1851 by Sir Richard Mayne after complaints that cab drivers did not know where they were going. Passing the Knowledge involves detailed recall of 25,000 streets within a six-mile radius of Charing Cross station. The locations of clubs, hospitals, hotels, railway stations, parks, theatres, courts, restaurants, colleges, government buildings and places of worship are also required. It can take three years to pass the test, including the six months it takes to be tested.
Only one percent of London's taxi drivers are women.
The original 'stage coaches' were certain hackney carriages whose drivers travelled in stages, i.e., they would drive short distances, along a fixed route, picking up fares at definite stopping points. As this part of the trade grew, they eventually became omnibuses, and then the bus transport system we have today.
Source: BBC
While travelling in the taxi your laptop can be used to study the ACCA e-books of Tony Surridge Online.
Some basic facts about the London Black Taxi:
The first black taxi in London was the hackney coach in the 17th Century. The name comes from hacquenée, the French term for a general-purpose horse. It literally means, 'ambling nag'. In 1625 there were as few as 20 available for hire, operating out of inn yards. In 1636, the owner of four hackney coaches brought them into the Strand outside the Maypole Inn, and the first taxi rank had appeared. He established a tariff for various parts of London, and his drivers wore livery, so they would be easily recognisable. 'Hackney carriage' is still the official term used to describe taxis.
When the drivers began using lighter cabriolets, two-wheeled vehicles from France, at the beginning of the 19th Century, they became known as 'cabs'. The name comes from the French for 'jump like a goat', as they were very light, and tended to bounce through the streets. The London Hackney Carriage Act was passed in 1831, and the Metropolitan Police gained control of the trade for the next 169 years.
Wilhelm Bruhn invented the taximeter in 1891, and it is from this that the term taxi comes from. The taximeter measures the distance travelled and time taken of all journeys, allowing an accurate fare to be charged. These were disliked by cab drivers as they did not want their incomes regulated by machines. Bruhn ended up being thrown in the river by drivers, although his invention is still being used today.
Drivers do not have to stop if you hail them, whether or not the yellow 'taxi' sign is lit. This is because, legally, taxis are not plying for hire when they are moving. However, if they do stop, they are considered 'standing in the street' and cannot refuse a fare under six miles or that will take less than one hour. These regulations are to prevent the now non-existent horse from becoming fatigued or thirsty.
Fascinating Facts
Taxis were banned from driving through Hyde Park in 1685. This was due to the unruly behaviour of some ladies in a hackney coach. The ban was lifted in 1687, only to be reinstated in 1711 due to 'several disorders' being committed. That time the ban lasted until 1924.
Taxi drivers are not legally obliged to give change. If a large note is offered the driver is entitled to take the cash, and offer to post the change to the passenger's home address.
The 'Knowledge of London' was introduced in 1851 by Sir Richard Mayne after complaints that cab drivers did not know where they were going. Passing the Knowledge involves detailed recall of 25,000 streets within a six-mile radius of Charing Cross station. The locations of clubs, hospitals, hotels, railway stations, parks, theatres, courts, restaurants, colleges, government buildings and places of worship are also required. It can take three years to pass the test, including the six months it takes to be tested.
Only one percent of London's taxi drivers are women.
The original 'stage coaches' were certain hackney carriages whose drivers travelled in stages, i.e., they would drive short distances, along a fixed route, picking up fares at definite stopping points. As this part of the trade grew, they eventually became omnibuses, and then the bus transport system we have today.
Source: BBC
While travelling in the taxi your laptop can be used to study the ACCA e-books of Tony Surridge Online.
Are you a ‘Will-Doer’ or ‘Politician’? Pass your ACCA exams with hard study
Over the years I have listened to many grumbles about exam syllabuses and ACCA exam pass rates but few about how students prepare themselves for the exam. I have been teaching for some time now and I have a few grumbles which I wish to share with you so that you may reflect on your own style of learning. Dare I hope that my observations may help a few students to study more effectively and pass their ACCA exams?
The average student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you ….?
The Will-Doer is always going to start studying 'one of these days' failing to appreciate the simple but true axiom that 'one of these days is none of these days'. In the few weeks just prior to the exam the student desperately resorts to the unachievable task of cramming in sufficient knowledge being obsessively and exclusively focused on uncertain exam tips. The 'Well-doer' is identified in the exam as the Politician who doesn't answer the questions posed, thinking that obscure answers will cover for inadequate knowledge.
So there it is. Here is one student caricature ( and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you).
Prevent yourself from becoming simply a ‘Will-doer’ or ‘Politician’ by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
The average student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you ….?
The Will-Doer is always going to start studying 'one of these days' failing to appreciate the simple but true axiom that 'one of these days is none of these days'. In the few weeks just prior to the exam the student desperately resorts to the unachievable task of cramming in sufficient knowledge being obsessively and exclusively focused on uncertain exam tips. The 'Well-doer' is identified in the exam as the Politician who doesn't answer the questions posed, thinking that obscure answers will cover for inadequate knowledge.
So there it is. Here is one student caricature ( and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you).
Prevent yourself from becoming simply a ‘Will-doer’ or ‘Politician’ by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
Monday, 8 August 2011
ACCA students need to revise harder to pass their ACCA exams
Do ACCA students need to revise harder to pass their ACCA exams? There is some concern that many ACCA students are becoming complacent with their studies, expecting to pass the big exams with minimal work, or just be revising “cliff notes” on the subject. But that is simply not the case.
ACCA revision should not be taken lightly, and needs to weigh just as prominently in your mind as your standard ACCA studies. Whilst your learning may not necessarily revolve around a classroom environment – it could be a distance learning programme, self study from your own purchased materials, or E-learning online – the number of hours study and actual revision should remain constant regardless of your learning environment. Namely, 40 hours for ACCA study, and 18 hours for ACCA revision.
The ACCA exams themselves have not changed fundamentally. Yes, they underwent some uplift at the start of 2011, but generally the study content hasn’t changed by much. The ACCA exams should also remain of a similar standard, yet more and more ACCA students are complaining about failing! The ever-growing number of students registering to study ACCA means that to become an ACCA qualified accountant, the competition is increasing, and the need to quickly pass and secure a full time position is greater than ever, with ACCA student enrolment figures now reaching a whopping 424,000. But the potential for ACCA jobs is still there, as of today the tony.surridge.co.uk ACCA jobs-board is advertising 7,763 accountancy positions which are vacant and need filling.
What’s the final advice? Go that extra mile, and study harder so you can pass your ACCA exams first time. Don’t make excuses and point the finger of blame elsewhere. Short-term hardship for better long-term gain is the goal… and then you’ll be on your way to becoming a qualified ACCA accountant.
ACCA revision should not be taken lightly, and needs to weigh just as prominently in your mind as your standard ACCA studies. Whilst your learning may not necessarily revolve around a classroom environment – it could be a distance learning programme, self study from your own purchased materials, or E-learning online – the number of hours study and actual revision should remain constant regardless of your learning environment. Namely, 40 hours for ACCA study, and 18 hours for ACCA revision.
The ACCA exams themselves have not changed fundamentally. Yes, they underwent some uplift at the start of 2011, but generally the study content hasn’t changed by much. The ACCA exams should also remain of a similar standard, yet more and more ACCA students are complaining about failing! The ever-growing number of students registering to study ACCA means that to become an ACCA qualified accountant, the competition is increasing, and the need to quickly pass and secure a full time position is greater than ever, with ACCA student enrolment figures now reaching a whopping 424,000. But the potential for ACCA jobs is still there, as of today the tony.surridge.co.uk ACCA jobs-board is advertising 7,763 accountancy positions which are vacant and need filling.
What’s the final advice? Go that extra mile, and study harder so you can pass your ACCA exams first time. Don’t make excuses and point the finger of blame elsewhere. Short-term hardship for better long-term gain is the goal… and then you’ll be on your way to becoming a qualified ACCA accountant.
Role of Audit
The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar concepts also exist in project management, quality management, and even energy conservation.
Audit in Accounting
Audits are performed to ascertain the validity and reliability of information; also to provide an assessment of a system's internal control. The goal of an audit is to express an opinion on the person / organization / system (etc) in question, under evaluation based on work done on a test basis.
Audit is a vital part of accounting - that is an undeniable fact. We interviewed one ACCA student, studying at professional level, who was kind enough to share his experience; “Wherever we went (to audit clients) we have been received with respect. Our clients believe that we are able to do something that they don’t. Families and friends seek our opinion in non-accounting matters. So with the respect that this profession has, I believe that firms and auditors should be more sensible and responsible”.
As an auditor, we sell our trustworthiness to clients. Damaging that expensive commodity might affect the business. Some auditors believe that the scope of audit could even be extended from simply giving an opinion on financial statements alone to engaging on issues such as risk management etc.
What are your views on Audit? Why not talk about it on the TonySurridge.co.uk forum?
Want a job in auditing? Have a look at the TonySurridge.co.uk Jobsearch.
Audit in Accounting
Audits are performed to ascertain the validity and reliability of information; also to provide an assessment of a system's internal control. The goal of an audit is to express an opinion on the person / organization / system (etc) in question, under evaluation based on work done on a test basis.
Audit is a vital part of accounting - that is an undeniable fact. We interviewed one ACCA student, studying at professional level, who was kind enough to share his experience; “Wherever we went (to audit clients) we have been received with respect. Our clients believe that we are able to do something that they don’t. Families and friends seek our opinion in non-accounting matters. So with the respect that this profession has, I believe that firms and auditors should be more sensible and responsible”.
As an auditor, we sell our trustworthiness to clients. Damaging that expensive commodity might affect the business. Some auditors believe that the scope of audit could even be extended from simply giving an opinion on financial statements alone to engaging on issues such as risk management etc.
What are your views on Audit? Why not talk about it on the TonySurridge.co.uk forum?
Want a job in auditing? Have a look at the TonySurridge.co.uk Jobsearch.
Are you a ’Road-runner’ or ‘One Answer Merchant’?
Over the years I have listened to many grumbles about exam syllabuses and exam pass rates but few about how students prepare themselves for the exam. I have been teaching for some time now and I have a few grumbles which I wish to share with you so that you may reflect on your own style of learning. Dare I hope that my observations may help a few students to study more effectively and pass their exams?
The average student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you….?
The Road-runner enthusiastically rushes into a study commitment with alarming alacrity but without judging distance, pace and stamina. Sacrificing all to the pursuit of learning this student quickly 'burns out', loses study momentum, interest, train of thought and concentration. The student here suffers from 'patchy' learning - understanding earlier parts of the syllabus in more depth than later parts. In the exam the 'Road Runner' is often identified as the One Answer Merchant who produces a near brilliant answer to one question; with other questions not attempted or answered only inadequately.
So there it is. Here is one student caricature (and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you.
Prevent yourself from becoming simply a ‘Road-runner’ or ‘One answer merchant’ by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
The average student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you….?
The Road-runner enthusiastically rushes into a study commitment with alarming alacrity but without judging distance, pace and stamina. Sacrificing all to the pursuit of learning this student quickly 'burns out', loses study momentum, interest, train of thought and concentration. The student here suffers from 'patchy' learning - understanding earlier parts of the syllabus in more depth than later parts. In the exam the 'Road Runner' is often identified as the One Answer Merchant who produces a near brilliant answer to one question; with other questions not attempted or answered only inadequately.
So there it is. Here is one student caricature (and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you.
Prevent yourself from becoming simply a ‘Road-runner’ or ‘One answer merchant’ by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
Sunday, 7 August 2011
Preparing for your ACCA exams - Are you a ‘Mantra Chantra’ ‘or ‘Underliner’?
Are you a ‘Mantra Chantra’ ‘or ‘Underliner’?
Over the years I have listened to many grumbles about ACCA exam syllabuses and ACCA exam pass rates but few about how students prepare themselves for the exam. I have been teaching for some time now and I have a few grumbles which I wish to share with you so that you may reflect on your own style of learning. Dare I hope that my observations may help a few students to study more effectively and pass their exams?
The average student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you ….?
The Mantra Chanter thinks that 'something memorised is something learned' and concentrates on memorising lists of facts, definitions, names (of famous authors), formulae and buzz words without enduring the intellectual puzzle of trying to understand what it all means. In the ACCA exam the Mantra Chanter becomes the Underliner who goes to town underlining every word or fact that has been carefully memorised and positioned in the answer - even if not in context.
So there it is. Here is one student caricature ( and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you).
Prevent yourself from becoming simply a Mantra Chanter or Underliner by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
Over the years I have listened to many grumbles about ACCA exam syllabuses and ACCA exam pass rates but few about how students prepare themselves for the exam. I have been teaching for some time now and I have a few grumbles which I wish to share with you so that you may reflect on your own style of learning. Dare I hope that my observations may help a few students to study more effectively and pass their exams?
The average student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you ….?
The Mantra Chanter thinks that 'something memorised is something learned' and concentrates on memorising lists of facts, definitions, names (of famous authors), formulae and buzz words without enduring the intellectual puzzle of trying to understand what it all means. In the ACCA exam the Mantra Chanter becomes the Underliner who goes to town underlining every word or fact that has been carefully memorised and positioned in the answer - even if not in context.
So there it is. Here is one student caricature ( and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you).
Prevent yourself from becoming simply a Mantra Chanter or Underliner by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
Saturday, 6 August 2011
Resign with panache
1. Resignation – is it the right decision?
2. Balance your options
3. Give notice
4. No obligation
5. What to say
6. Write a Resignation Letter
7. Ask for a reference
8. Don't forget to tie up the loose ends
9. Return company property
Handing in your resignation isn't always easy. Look at the circumstances. You hate your job, hate your boss and know you’re about to be fired. Or, perhaps you like your job and like your boss but you’ve found a new job and can't wait to start it. Whatever your circumstance, it can be difficult to resign tactfully, and with style. First of all, it’s sometimes difficult to be sure that you really do want to quit. Then, you need to manage your resignation as carefully as you would handle any other career event. It's always wise not to burn bridges - you never know when you will call on your present employer for a reference.
1. Resignation – is it the right decision?
Before you make the decision to resign, be absolutely sure that this is the right decision. There are lots of cases where people have left and then regretted it, sometimes only one day later. They quickly find that they hate the new job and want to go back to their old position. But usually the old position is quickly filled and the person is out of luck. If you're not sure about the position you’ve been offered, ask if you can spend a day or so in the new role, before you give a firm undertaking to accept it. The experience may bolster your decision to take the position or help you decide you don't want it. Also, consider very carefully the benefits of being in your present position.
2. Balance your options
Have you been offered another job? If so, weigh the ups and downs of the new job against your current position. Consider the work environment, the people you work with, flexibility, salary and benefits in addition to the job responsibilities and its career potential. If the new job comes out in front on all counts and you feel positive about this career change, then go for it.
No new job secured? Before you quit, consider a few basic facts. It may take any time between one month and six months, sometimes longer, to find a new position. Unless you quit for a valid cause, you may not be eligible for unemployment benefits. Do you have enough savings or other income to live on? Even if your employment situation is not a happy one, you might want to consider staying with the job you have, as well your pay cheque, and looking for a new job before you resign. The old adage that "it's easier to find a job, when you have a job" does ring true.
3. Give notice
If you have an employment contract that states an agreed period of notice, abide by it. Otherwise, it's usual to offer two weeks notice.
4. No obligation
If your employer asks you stay on beyond two weeks (or whatever the time period is in your contract) you have no obligation to stay. Your new employer will be expecting you to start as planned, at the agreed date. What you could do, is offer to help your previous employer, if asked, after hours and in your own time.
5. What to say
Don't say much more than the fact that you are leaving. Highlight the positive and talk about how much you have benefited by your association with the company, but state that it's time to move on. Offer to help during the changeover and after it. Don't be negative. There's no reason - you're leaving and you want to leave on good terms.
6. Write a Resignation Letter
Even if you resign verbally, still write a resignation letter. A resignation letter can help you preserve a positive relationship with your old employer, while paving the way for you to separate from the company. You never know when you might need your current employer to give you a reference, so it makes sense to take the time to write a refined and professional resignation letter. Use the few sample resignation letters we provide, for suggestions on what to write.
7. Ask for a reference
Before you leave, ask for a letter of recommendation from your manager. As time progresses and people move on, it's easy to lose track of previous employers. With a letter available, you'll have written evidence of your credentials to submit to future recruiters.
8. Don't forget to tie up the loose ends
Find out about the benefits and salary you are entitled to receive upon leaving. Collect your P45 tax form.
9. Return company property
Return any company property you have - including documents, computers, keys, phones, and anything else that does not belong to you. The company does not want to chase you to get back their property, and you don't want to be held responsible if it's not returned and accounted for in a suitable manner.
For advice on how to improve your chances of obtaining a work position refer to the tonysurridge.co.uk/job-search/ ‘Boost Your Chances’ free guide.
2. Balance your options
3. Give notice
4. No obligation
5. What to say
6. Write a Resignation Letter
7. Ask for a reference
8. Don't forget to tie up the loose ends
9. Return company property
Handing in your resignation isn't always easy. Look at the circumstances. You hate your job, hate your boss and know you’re about to be fired. Or, perhaps you like your job and like your boss but you’ve found a new job and can't wait to start it. Whatever your circumstance, it can be difficult to resign tactfully, and with style. First of all, it’s sometimes difficult to be sure that you really do want to quit. Then, you need to manage your resignation as carefully as you would handle any other career event. It's always wise not to burn bridges - you never know when you will call on your present employer for a reference.
1. Resignation – is it the right decision?
Before you make the decision to resign, be absolutely sure that this is the right decision. There are lots of cases where people have left and then regretted it, sometimes only one day later. They quickly find that they hate the new job and want to go back to their old position. But usually the old position is quickly filled and the person is out of luck. If you're not sure about the position you’ve been offered, ask if you can spend a day or so in the new role, before you give a firm undertaking to accept it. The experience may bolster your decision to take the position or help you decide you don't want it. Also, consider very carefully the benefits of being in your present position.
2. Balance your options
Have you been offered another job? If so, weigh the ups and downs of the new job against your current position. Consider the work environment, the people you work with, flexibility, salary and benefits in addition to the job responsibilities and its career potential. If the new job comes out in front on all counts and you feel positive about this career change, then go for it.
No new job secured? Before you quit, consider a few basic facts. It may take any time between one month and six months, sometimes longer, to find a new position. Unless you quit for a valid cause, you may not be eligible for unemployment benefits. Do you have enough savings or other income to live on? Even if your employment situation is not a happy one, you might want to consider staying with the job you have, as well your pay cheque, and looking for a new job before you resign. The old adage that "it's easier to find a job, when you have a job" does ring true.
3. Give notice
If you have an employment contract that states an agreed period of notice, abide by it. Otherwise, it's usual to offer two weeks notice.
4. No obligation
If your employer asks you stay on beyond two weeks (or whatever the time period is in your contract) you have no obligation to stay. Your new employer will be expecting you to start as planned, at the agreed date. What you could do, is offer to help your previous employer, if asked, after hours and in your own time.
5. What to say
Don't say much more than the fact that you are leaving. Highlight the positive and talk about how much you have benefited by your association with the company, but state that it's time to move on. Offer to help during the changeover and after it. Don't be negative. There's no reason - you're leaving and you want to leave on good terms.
6. Write a Resignation Letter
Even if you resign verbally, still write a resignation letter. A resignation letter can help you preserve a positive relationship with your old employer, while paving the way for you to separate from the company. You never know when you might need your current employer to give you a reference, so it makes sense to take the time to write a refined and professional resignation letter. Use the few sample resignation letters we provide, for suggestions on what to write.
7. Ask for a reference
Before you leave, ask for a letter of recommendation from your manager. As time progresses and people move on, it's easy to lose track of previous employers. With a letter available, you'll have written evidence of your credentials to submit to future recruiters.
8. Don't forget to tie up the loose ends
Find out about the benefits and salary you are entitled to receive upon leaving. Collect your P45 tax form.
9. Return company property
Return any company property you have - including documents, computers, keys, phones, and anything else that does not belong to you. The company does not want to chase you to get back their property, and you don't want to be held responsible if it's not returned and accounted for in a suitable manner.
For advice on how to improve your chances of obtaining a work position refer to the tonysurridge.co.uk/job-search/ ‘Boost Your Chances’ free guide.
A Soft Skill You Must Have (Part 2 of 2)
In our last article we introduced the importance of presentation skills – here’s the continuation.
“Build your credibility fast with your audience by showing confidence and that you are in control of your subject presentation”, says Mr. Sadaqat, a local manager of a screening company.
The following presentation techniques gathered from various training seminars could help:
- Understand the audience’s background and their motivation to attend.
- Use the most effective audio and visual aids – but don’t overdo it!
- Define the objectives of your presentation.
- Organize the data to be presented in a clear sequence that is persuasive.
- Show confidence while presenting to the audience.
- Control your body language in its movements, gestures and other non-verbal
elements of communication.
- Handle questions and its responses in a professional manner.
- Grab the attention of the audience by delivering a unique presentation “opener”
such as a joke, interesting examples and anecdotes, etc.
The Presentation Design
Your design, and method will help you deliver an excellent presentation with great confidence.
Have a look at these step by step presentation suggestions:
Make a Creative Opening to your Presentation
You can always make your presentation opening unique and memorable. A good example sits with the presenter who was addressing the CEO of major airlines in the US. He was called upon by the organizer to take the floor. He did not. For 10 minutes or so all these CEOs and executives awaited his appearance. When they started to leave their seats, he suddenly shows up and made his opening speech: “Ladies and Gentlemen, sorry for being late – but this is how your airline passengers feel when your planes are late in departure”.
Begin with making sure that your audience is ready to receive the message. This is a milestone in your presentation design.
Then communicate the message. Make sure that the audience listens, receives and understand the message.
- Analogies related to the subject.
- A strong quote.
- Get the audience to do something – interactivity.
- Ask a Question – interactivity again.
- Use an imaginary situation.
- Use humor.
- Use a controversial opening and quickly qualify it.
Introductory Opening Remarks about the Subject
Your introductory opening is very important in the presentation design phase. Here are few advices from some experts we talked with:
- Welcome the people attending and introduce them if it’s a meeting.
- Indicate the time schedule and planned breaks.
- Go through any health and safety routines, such as fire alarm procedures.
- Check that everyone can see the visual aids.
- Acknowledge the start of presentation.
- Mention your name and preferred name.
Presentation skills are all about entertaining your audience and avoid boring them.
Its all about conveying your key message. You need to grab the attention of your audience
Written by Mr. Daniyal Hussain for TonySurridge.co.uk
“Build your credibility fast with your audience by showing confidence and that you are in control of your subject presentation”, says Mr. Sadaqat, a local manager of a screening company.
The following presentation techniques gathered from various training seminars could help:
- Understand the audience’s background and their motivation to attend.
- Use the most effective audio and visual aids – but don’t overdo it!
- Define the objectives of your presentation.
- Organize the data to be presented in a clear sequence that is persuasive.
- Show confidence while presenting to the audience.
- Control your body language in its movements, gestures and other non-verbal
elements of communication.
- Handle questions and its responses in a professional manner.
- Grab the attention of the audience by delivering a unique presentation “opener”
such as a joke, interesting examples and anecdotes, etc.
The Presentation Design
Your design, and method will help you deliver an excellent presentation with great confidence.
Have a look at these step by step presentation suggestions:
Make a Creative Opening to your Presentation
You can always make your presentation opening unique and memorable. A good example sits with the presenter who was addressing the CEO of major airlines in the US. He was called upon by the organizer to take the floor. He did not. For 10 minutes or so all these CEOs and executives awaited his appearance. When they started to leave their seats, he suddenly shows up and made his opening speech: “Ladies and Gentlemen, sorry for being late – but this is how your airline passengers feel when your planes are late in departure”.
Begin with making sure that your audience is ready to receive the message. This is a milestone in your presentation design.
Then communicate the message. Make sure that the audience listens, receives and understand the message.
- Analogies related to the subject.
- A strong quote.
- Get the audience to do something – interactivity.
- Ask a Question – interactivity again.
- Use an imaginary situation.
- Use humor.
- Use a controversial opening and quickly qualify it.
Introductory Opening Remarks about the Subject
Your introductory opening is very important in the presentation design phase. Here are few advices from some experts we talked with:
- Welcome the people attending and introduce them if it’s a meeting.
- Indicate the time schedule and planned breaks.
- Go through any health and safety routines, such as fire alarm procedures.
- Check that everyone can see the visual aids.
- Acknowledge the start of presentation.
- Mention your name and preferred name.
Presentation skills are all about entertaining your audience and avoid boring them.
Its all about conveying your key message. You need to grab the attention of your audience
Written by Mr. Daniyal Hussain for TonySurridge.co.uk
Are you a ‘Clairvoyant’ or ‘Tautologist’?
Over the years I have listened to many grumbles about ACCA exam syllabuses and ACCA exam pass rates but few about how students prepare themselves for the exam. I have been teaching for some time now and I have a few grumbles which I wish to share with you so that you may reflect on your own style of learning. Dare I hope that my observations may help a few students to study more effectively and pass their exams?
The average student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you ….?
The Clairvoyant is extraordinarily proficient at visualising the syllabus without becoming involved in the unwelcome menial and mental work of actual study. Often spotted at the back of class staring out of windows, this student has a deep if obscure devotion to "the easy life". In the exam the 'Clairvoyant' turns into the Tautologist who unable to reason or explain rational facts and figures, simply reiterates each question without embellishment - rather a waste of time because the examiner also has the exam paper!
So there it is. Here is one student caricature ( and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you).
Prevent yourself from becoming simply a Clairvoyant or Tautologist by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
The average student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you ….?
The Clairvoyant is extraordinarily proficient at visualising the syllabus without becoming involved in the unwelcome menial and mental work of actual study. Often spotted at the back of class staring out of windows, this student has a deep if obscure devotion to "the easy life". In the exam the 'Clairvoyant' turns into the Tautologist who unable to reason or explain rational facts and figures, simply reiterates each question without embellishment - rather a waste of time because the examiner also has the exam paper!
So there it is. Here is one student caricature ( and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you).
Prevent yourself from becoming simply a Clairvoyant or Tautologist by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
Friday, 5 August 2011
A Soft Skill You Must Have (Part 1 of 2)
When you are making plans for the future of your ACCA career, don’t forget soft skills, because if you want to rise to the top of the finance profession, they are just as important as financial expertise.
One of those soft skills includes presenting an idea. Presentation and speech shares a very fine line but it’s very important to understand the difference between the two.
A presentation is a communication form. It’s a unique form of oral communication and has certain characteristics.
The presentation media could vary from written scripted pages to a Microsoft Powerpoint slides. Visual aids are used more often in presentations compared to speeches.
The presentation usually has a limited time frame and in some situations the media or visual aids are mandated on the presenter by the organizer.
On the other hand, in delivering the speech, the speaker uses a platform behind a microphone. Audiences are in hundreds or thousands. The speech is usually scripted. This is all different from a presentation where audience is limited in number sitting in a room.
Presentation Techniques
Presentation techniques depend heavily on preparation and knowledge of your presentation matter. They are pre-requisite for a successful presentation.
Presentation skills are all about entertaining your audience and avoid boring them. Its all about conveying your key message.
You need to grab the attention of your audience in the first 3-5 minutes. Otherwise they will start to stare and notice everything in the room… except you. Most likely, they will start thinking about their own love lives, problems, next thing to do when they leave…anything but what you are talking about.
Mr Lin Luu, an ACCA teacher in China, said that your audience, no matter how small or large in numbers, wants to associate themselves with someone who could entertain them. Who have a sense of humour? Crunching numbers and statistics alone won’t let you win through them.
Continued
Written by Mr. Daniyal Hussain for TonySurridge.co.uk
One of those soft skills includes presenting an idea. Presentation and speech shares a very fine line but it’s very important to understand the difference between the two.
A presentation is a communication form. It’s a unique form of oral communication and has certain characteristics.
The presentation media could vary from written scripted pages to a Microsoft Powerpoint slides. Visual aids are used more often in presentations compared to speeches.
The presentation usually has a limited time frame and in some situations the media or visual aids are mandated on the presenter by the organizer.
On the other hand, in delivering the speech, the speaker uses a platform behind a microphone. Audiences are in hundreds or thousands. The speech is usually scripted. This is all different from a presentation where audience is limited in number sitting in a room.
Presentation Techniques
Presentation techniques depend heavily on preparation and knowledge of your presentation matter. They are pre-requisite for a successful presentation.
Presentation skills are all about entertaining your audience and avoid boring them. Its all about conveying your key message.
You need to grab the attention of your audience in the first 3-5 minutes. Otherwise they will start to stare and notice everything in the room… except you. Most likely, they will start thinking about their own love lives, problems, next thing to do when they leave…anything but what you are talking about.
Mr Lin Luu, an ACCA teacher in China, said that your audience, no matter how small or large in numbers, wants to associate themselves with someone who could entertain them. Who have a sense of humour? Crunching numbers and statistics alone won’t let you win through them.
Continued
Written by Mr. Daniyal Hussain for TonySurridge.co.uk
Your 'Thank-you-for -the-interview'
1. Boost your chances by sending a follow-up thank-you note
2. Tips on how to write a Thank-You note
1. Boost your chances by sending a follow-up thank-you note
You’ve written a great CV and survived the crucial interview. So what do you do now? Just sit back and wait until the company contacts you? Wrong. Give a boost to your ACCA job application by following up with a thank-you note. Since less than 10% of interviewees ever follow-up with a thank-you note, by doing so you can be sure that you will rise that much higher through the list of candidates. A thank-you note always leaves a favourable impression with a prospective employer. It shows that you are an interested, committed and considerate person. The thank-you note is something that should not be overlooked in today's competitive job market, and it is to your advantage that many other applicants tend to ignore this small but significant gesture.
2. Tips on how to write a Thank-You note
The following are some tips to bear in mind when writing a thank-you note.
A mailed hard copy note.
You should plan to send a thank-you note within a day or so of your interview. While some professions such as those in the technology industry would accept e-mailed thank-you notes as norm behaviour, it is likely that employers in the finance profession would prefer a mailed hard copy. If you want to be ‘first’, e-mail a thank-you note and follow-up with hard-copy. Type your thank-you letter in a standard business format, although a hand-written note adds the nice touch (providing, that is, your hand-writing is good). Avoid using “Thank You” stationery (cards, etc.) or business letterhead when writing your thank you. Just use standard plain paper – preferably the same paper you used when printing out your CV.
Personalize it.
You will probably be one of numerous interviewees most of whom will also have the ACCA qualification, so you need to set yourself apart from the other applicants in a way that your prospective employer will remember you after the interview. In your thank-you note, emphasise a key point from your interview that you think the interviewer will recall, and therefore know who thethank-you note is coming from. Mention the day of the interview and job title,this will also aid recall.
Additionally, if you are interviewed by more than one person, perhaps a panel of
interviewers, consider sending them all thank-you notes, each one slightly different. This is not only polite, but you may not know exactly who in the group will be making the recruitment decision, and so it will be ‘good politics’as well. Try to get a business card from each interviewer as this will help you with names and titles when you write your thank-yous.
Keep your note brief and courteous.
Keep the thank-you note brief and courteous. It should be no more than one page. Show courtesy by expressing your gratitude for the opportunity to meet with the prospective employer, and thank him/her for taking the time to talk with you.
Express your enthusiasm for the job.
Express your interest in and enthusiasm for the company, department and the job-position for which you interviewed. Try to be precise about why you are interested and how you are so right for the job. Resist the urge to sell yourself, the interview is the time you should have done that.
Address unresolved issues.
Address any points or questions that arose during the interview that you feel you did not fully answer or give jstice to. This thank-you note may be your last chance to resolve doubts in the mind of your interviewer and leave him/her with a positive impression.
Reiterate your strengths and highlight your successes
For instance that you have passed through the robust ACCA exam programme. If the
interviewer stressed particular issues, needs or challenges, use your thank-you
note to explain how you can meet those requirements. Similarly, if the interviewer spoke about the ideal qualifications and personal qualities required for the position, use your thank-you note to highlight how you meet or surpass those qualities.
Proof-read, and then proof-read again.
Now is not the time to make spelling or grammatical mistakes Make sure your thank-you note conveys a professional image by ensuring it is error free.
Keep a copy.
Keep a copy for your records, especially if you've used your thank-you note to restate, elaborate, or clarify points raised on the interview. Also,keep copies of any replies, so that you have an entire history of your employment application.
For template examples suitable for ACCA applicants of 'Thank-You' notes refer to the free-of-charge tonysurridge.co.uk/job-search/ ‘Thank-You-For-The-Interview' template examples.
2. Tips on how to write a Thank-You note
1. Boost your chances by sending a follow-up thank-you note
You’ve written a great CV and survived the crucial interview. So what do you do now? Just sit back and wait until the company contacts you? Wrong. Give a boost to your ACCA job application by following up with a thank-you note. Since less than 10% of interviewees ever follow-up with a thank-you note, by doing so you can be sure that you will rise that much higher through the list of candidates. A thank-you note always leaves a favourable impression with a prospective employer. It shows that you are an interested, committed and considerate person. The thank-you note is something that should not be overlooked in today's competitive job market, and it is to your advantage that many other applicants tend to ignore this small but significant gesture.
2. Tips on how to write a Thank-You note
The following are some tips to bear in mind when writing a thank-you note.
A mailed hard copy note.
You should plan to send a thank-you note within a day or so of your interview. While some professions such as those in the technology industry would accept e-mailed thank-you notes as norm behaviour, it is likely that employers in the finance profession would prefer a mailed hard copy. If you want to be ‘first’, e-mail a thank-you note and follow-up with hard-copy. Type your thank-you letter in a standard business format, although a hand-written note adds the nice touch (providing, that is, your hand-writing is good). Avoid using “Thank You” stationery (cards, etc.) or business letterhead when writing your thank you. Just use standard plain paper – preferably the same paper you used when printing out your CV.
Personalize it.
You will probably be one of numerous interviewees most of whom will also have the ACCA qualification, so you need to set yourself apart from the other applicants in a way that your prospective employer will remember you after the interview. In your thank-you note, emphasise a key point from your interview that you think the interviewer will recall, and therefore know who thethank-you note is coming from. Mention the day of the interview and job title,this will also aid recall.
Additionally, if you are interviewed by more than one person, perhaps a panel of
interviewers, consider sending them all thank-you notes, each one slightly different. This is not only polite, but you may not know exactly who in the group will be making the recruitment decision, and so it will be ‘good politics’as well. Try to get a business card from each interviewer as this will help you with names and titles when you write your thank-yous.
Keep your note brief and courteous.
Keep the thank-you note brief and courteous. It should be no more than one page. Show courtesy by expressing your gratitude for the opportunity to meet with the prospective employer, and thank him/her for taking the time to talk with you.
Express your enthusiasm for the job.
Express your interest in and enthusiasm for the company, department and the job-position for which you interviewed. Try to be precise about why you are interested and how you are so right for the job. Resist the urge to sell yourself, the interview is the time you should have done that.
Address unresolved issues.
Address any points or questions that arose during the interview that you feel you did not fully answer or give jstice to. This thank-you note may be your last chance to resolve doubts in the mind of your interviewer and leave him/her with a positive impression.
Reiterate your strengths and highlight your successes
For instance that you have passed through the robust ACCA exam programme. If the
interviewer stressed particular issues, needs or challenges, use your thank-you
note to explain how you can meet those requirements. Similarly, if the interviewer spoke about the ideal qualifications and personal qualities required for the position, use your thank-you note to highlight how you meet or surpass those qualities.
Proof-read, and then proof-read again.
Now is not the time to make spelling or grammatical mistakes Make sure your thank-you note conveys a professional image by ensuring it is error free.
Keep a copy.
Keep a copy for your records, especially if you've used your thank-you note to restate, elaborate, or clarify points raised on the interview. Also,keep copies of any replies, so that you have an entire history of your employment application.
For template examples suitable for ACCA applicants of 'Thank-You' notes refer to the free-of-charge tonysurridge.co.uk/job-search/ ‘Thank-You-For-The-Interview' template examples.
Are you a ‘Rambler ‘ or ‘Waffler’
Over the years I have listened to many grumbles about ACCA exam syllabuses and ACCA exam pass rates but few about how students prepare themselves for the exam. I have been teaching for some time now and I have a few grumbles which I wish to share with you so that you may reflect on your own style of learning. Dare I hope that my observations may help a few students to study more effectively and pass their exams?
The average ACCA student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you …?
The 'Rambler' is a studious devotee - paragon of good intention and gusto - but who meanders through the syllabus in an unstructured and cluttered way - oblivious to study plans, learning targets and progress milestones. In the exam the 'Rambler' often transforms into the 'Waffler' who knows most of the material but stumbles through answers in an imprecise manner.
So there it is. Here is one student caricature ( and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you).
Prevent yourself from becoming simply a Rambler by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
The average ACCA student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you …?
The 'Rambler' is a studious devotee - paragon of good intention and gusto - but who meanders through the syllabus in an unstructured and cluttered way - oblivious to study plans, learning targets and progress milestones. In the exam the 'Rambler' often transforms into the 'Waffler' who knows most of the material but stumbles through answers in an imprecise manner.
So there it is. Here is one student caricature ( and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you).
Prevent yourself from becoming simply a Rambler by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
Thursday, 4 August 2011
Are you a ‘Hedger’or ‘Mark-Ignorer’?
Over the years I have listened to many grumbles about exam syllabuses and exam pass rates but few about how students prepare themselves for the exam. I have been teaching for some time now and I have a few grumbles which I wish to share with you so that you may reflect on your own style of learning. Dare I hope that my observations may help a few students to study more effectively and pass their exams?
The average student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you ….?
The Hedger is the student who attempts to dodge a lot of the syllabus by 'question spotting'. Favourite questions by this student are 'Do I have to learn this topic?' 'Is this area likely to come up in the exam?' The 'Hedger' shows up in the exam as the Mark-Ignorer - the candidate who writes pages and pages about the 'lucky' question and pretends to run out of time on others, writing notes to the examiner such as "Wish I had the time - there is a lot to write'. This type of candidate seldom gets good marks and is more often among the failures.
So there it is. Here is one student caricature ( and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you).
Prevent yourself from becoming simply a ‘Hedger’ of ‘Mark-Ignorer’ by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
The average student is a ‘coat of many colours’. So which type of student are YOU?
Could this be you ….?
The Hedger is the student who attempts to dodge a lot of the syllabus by 'question spotting'. Favourite questions by this student are 'Do I have to learn this topic?' 'Is this area likely to come up in the exam?' The 'Hedger' shows up in the exam as the Mark-Ignorer - the candidate who writes pages and pages about the 'lucky' question and pretends to run out of time on others, writing notes to the examiner such as "Wish I had the time - there is a lot to write'. This type of candidate seldom gets good marks and is more often among the failures.
So there it is. Here is one student caricature ( and others just as valid will be posted soon) which is somewhat common and dare I say may even be a version of your own behaviour. Quid rides? Mutato nomine de te fabula narratur. (Why do you laugh? With change of name the story is about you).
Prevent yourself from becoming simply a ‘Hedger’ of ‘Mark-Ignorer’ by taking advantage of the tony.surridge.co.uk e-books. The series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (using the above link), to see just how helpful these study tools will be for your ACCA studies.
Some Useful Tactics for ACCA Exams - By Anum Fazli
An ACCA qualification is highly considered, given the professional nature of the course, and where passing the ACCA exams is a hard earned process for every student. However, when the exam results come out, it saddens a large proportion of students who worked very hard but still only got 47%-48% marks.
The question often asked is where did we go wrong? Unfortunately that is a question we genuinely can’t answer generically – after all, there are numerous reasons why a pass is a pass, and why a fail becomes a fail.
However, here are some of the useful study tactics which I am sure will definitely help you out in passing your ACCA exams.
1. Question spotting: This is a dangerous approach and often puts students in great trouble. Trying to guess what will come in the exam, and focusing your efforts solely in those areas? If you had that much insight into potential future outcomes, you’d be better placing your hand at stock trading! The examiner knows it better. It has been observed that those topics which have come in the previous ACCA exams may not be considered as important for the current exam, but this is by no means a guarantee. Only in-depth learning will save the student in the exams.
2. Practice questions: Solving past exam questions (revision kits), will give students a confidence and a clear idea about the exam style. You can practice how long you have to sit and write for, practice to identify what answer the examiner is truly asking for, practice the feel for the exam in general.
3. Rote learning: This approach will never assist you in passing your ACCA exam. Examiners have vast choice to test student in a way he or she wants. For this, rather to focus on rote learning thorough understanding of the topic and dealing the scenario questions smartly is very important. This can be only achieved if you have a good reading habit and you should know to present your answer in a professional way.
4. Level of the verbs used: It is very important to make yourself fully comfortable with the level of the verbs used in exams. Failing to do this will put you in difficulty and lead you getting no marks. Questions practice will assist you in dealing with this easily.
5. Time management: This is the most important factor. Normally on the exam day lots of students face this problem, as so many students are unable to handle pressure. To overcome this, divide your time carefully for each question and try to ensure you are able to finish your answer within that time. Reach your ACCA exam center at least one hour before the start, so that you can settle down, and ease any nervous tensions. If you stuck in any of the questions during your paper try to skip it and return to it later. Try not to leave any questions blank in your exam, preferably try answering them all, even if it shows minor working or an understanding of what is required from the question.
These are just some minor and basic pointers, but often can be forgotten in the heat of exam preparation. Along with these tactics, a positive attitude, hard work and determination will definitely help you in passing your ACCA exams. Good luck to you all.
Remember, the series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (above), to see just how helpful these study tools will be for your ACCA studies.
The question often asked is where did we go wrong? Unfortunately that is a question we genuinely can’t answer generically – after all, there are numerous reasons why a pass is a pass, and why a fail becomes a fail.
However, here are some of the useful study tactics which I am sure will definitely help you out in passing your ACCA exams.
1. Question spotting: This is a dangerous approach and often puts students in great trouble. Trying to guess what will come in the exam, and focusing your efforts solely in those areas? If you had that much insight into potential future outcomes, you’d be better placing your hand at stock trading! The examiner knows it better. It has been observed that those topics which have come in the previous ACCA exams may not be considered as important for the current exam, but this is by no means a guarantee. Only in-depth learning will save the student in the exams.
2. Practice questions: Solving past exam questions (revision kits), will give students a confidence and a clear idea about the exam style. You can practice how long you have to sit and write for, practice to identify what answer the examiner is truly asking for, practice the feel for the exam in general.
3. Rote learning: This approach will never assist you in passing your ACCA exam. Examiners have vast choice to test student in a way he or she wants. For this, rather to focus on rote learning thorough understanding of the topic and dealing the scenario questions smartly is very important. This can be only achieved if you have a good reading habit and you should know to present your answer in a professional way.
4. Level of the verbs used: It is very important to make yourself fully comfortable with the level of the verbs used in exams. Failing to do this will put you in difficulty and lead you getting no marks. Questions practice will assist you in dealing with this easily.
5. Time management: This is the most important factor. Normally on the exam day lots of students face this problem, as so many students are unable to handle pressure. To overcome this, divide your time carefully for each question and try to ensure you are able to finish your answer within that time. Reach your ACCA exam center at least one hour before the start, so that you can settle down, and ease any nervous tensions. If you stuck in any of the questions during your paper try to skip it and return to it later. Try not to leave any questions blank in your exam, preferably try answering them all, even if it shows minor working or an understanding of what is required from the question.
These are just some minor and basic pointers, but often can be forgotten in the heat of exam preparation. Along with these tactics, a positive attitude, hard work and determination will definitely help you in passing your ACCA exams. Good luck to you all.
Remember, the series of Tony Surridge +AddVance E-books are specially designed for the ACCA exam syllabuses (Association of Chartered Certified Accountants). Our high quality ACCA study guide is structured around the core study text, with additional mnemonics and charts, supported by activities, as well as exam-status questions and answers for you to practice. Our comprehensive +AddVance electronic study tools provides an essential route-map through the ACCA syllabus and provides an expert interpretation of the subject and the ACCA exam requirements.
Download our free ACCA samples now (above), to see just how helpful these study tools will be for your ACCA studies.
Updated ACCA study materials provided by TonySurridge.co.uk
ACCA accountancy publishers, TonySurridge.co.uk have just announced the release of their updated study publications. For most of their ACCA subjects the E-book titles made available on their website have been updated for 2011 and beyond. This includes changes to the text in keeping with today’s date and current affairs, corrections of any mistakes, and naturally any changes to their respective ACCA exam syllabuses.
The free sample chapters, allowing ACCA students to preview the study material before purchase, have also been revised in keeping with the new updates.
The E-books that underwent updating were ACCA Papers F5, F8, F9, and P3. ACCA Papers F1, F2, F3 are currently valid until 30th November 2011, but the authors at TonySurridge.co.uk are in the process of revising these as well, in light of the new ACCA exam changes due to take place starting 1st December 2011.
Providing affordable high quality ACCA study materials in the form of online downloadable E-books, TonySurridge.co.uk is a publishing company pushing the boundaries of ACCA education in today’s society. A spokesperson at TonySurridge.co.uk commentated on the way ACCA is learnt globally.
“Given today’s technological advancements, many ACCA students are now revising from notes and tips held on their computers or other electronic devices. Whilst the classroom teaching environment, with face-to-face lecturers and a whiteboard, will always be the conventional and perhaps most effective method, substantial consideration should be presented to the next generation of online students and that dynamic method of learning.
At TonySurridge.co.uk we provide that service to ACCA students globally, allowing them to purchase one of our ACCA study titles, then download and start learning within minutes. It’s that simple and easy.”
For more information on the ACCA study services provided by TonySurridge.co.uk, head to their website now, using the above link.
The free sample chapters, allowing ACCA students to preview the study material before purchase, have also been revised in keeping with the new updates.
The E-books that underwent updating were ACCA Papers F5, F8, F9, and P3. ACCA Papers F1, F2, F3 are currently valid until 30th November 2011, but the authors at TonySurridge.co.uk are in the process of revising these as well, in light of the new ACCA exam changes due to take place starting 1st December 2011.
Providing affordable high quality ACCA study materials in the form of online downloadable E-books, TonySurridge.co.uk is a publishing company pushing the boundaries of ACCA education in today’s society. A spokesperson at TonySurridge.co.uk commentated on the way ACCA is learnt globally.
“Given today’s technological advancements, many ACCA students are now revising from notes and tips held on their computers or other electronic devices. Whilst the classroom teaching environment, with face-to-face lecturers and a whiteboard, will always be the conventional and perhaps most effective method, substantial consideration should be presented to the next generation of online students and that dynamic method of learning.
At TonySurridge.co.uk we provide that service to ACCA students globally, allowing them to purchase one of our ACCA study titles, then download and start learning within minutes. It’s that simple and easy.”
For more information on the ACCA study services provided by TonySurridge.co.uk, head to their website now, using the above link.
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