1. Paper P5 Risk & Uncertainty Mark Fielding-Pritchard

2. Format of Exam  1 compulsory question – broken into several parts, based on strategy of an organisation, mainly discursive. 50 marks  2 from 3. 25 marks each. Based on a more specific area of the syllabus  Structure, structure, structure

3. Risk & Uncertainty  Require a framework to examine a situation  You may be able to choose  Most important part of the exam

4. Environmental Analysis  Political  Economic  Social  Technology  Demographic  Legal  Government

5. PEST Analysis  Political  Economic  Social  Technology

6. Michael Porter

7. Impact of Stakeholders Managers Employees Customers Suppliers Government Competitors Shareholder s

8. Mendelow Stakeholder Mapping

9. Conflict Resolution PrioritisationNegotiation and ‘satisficing’Sequential attentionSide paymentsExercise of power

10. Role of Government Legal Consumer rights Environmental protection Restrictive practices Fiscal Taxation Economic Public expenditure Exchange rates Interest rates Political Incentive schemes

11. Porter Impact of Government Capacity ExpansionDemandDivestment & ExitEmerging IndustriesEntry BarriersCompetition PolicyNew Product Adoption

12. Dealing With Uncertainty Scenario PlanningComputer SimulationSensitivity AnalysisExpected Values Maximax, maximin, minimax regret

13. Question 2 P Group  Structure structure structure  Part A  Make a plan- list the external forces  Choose a structure- answer uses Porter but PEST, SWOT are just as good  Part B  Choose 5/6/7 ratios then calculate  1 mark (maybe) for calculation  1 for comment  1 for remedial action

14. Question 2 P Group  Part C  Identify key factors and list as a plan-stay on track!!  But the question gives you 4 so these are your main drivers!!

15. Environmental Accounting  http://www.accaglobal.com/an/en/student/exam-support- resources/professional-exams-study-resources/p5/technical- articles/environmenta-management.html

16. Environmental Management Accounting  Environmental management accounting (EMA) is an essential business tool for creating internal demand in businesses for cleaner and less wasteful production processes.  EMA changes the reasons why companies engage in pollution prevention activities from one of environmental concern or market access to one of engaging in pollution prevention activities purely because it makes good business sense and delivers immediate financial benefits

17. Environmental Management Accounting  Environmental prevention costs: the costs of activities undertaken to prevent the production of waste.  Environmental detection costs: costs incurred to ensure that the organisation complies with regulations and voluntary standards.  Environmental internal failure costs: costs incurred from performing activities that have produced contaminants and waste that have not been discharged into the environment.  Environmental external failure costs: costs incurred on activities performed after discharging waste into the environment.

18. Environmental Management Accounting Costs are applied  Conventional costs  Contingent costs  Relationship costs  Reputational costs

19. Environmental Management Accounting Techniques  ABC  Input/output analysis  Flow cost accounting  Lifecycle accounting