Jhanzayb
The concept Example of Core Competencies STATES these are activities, processes and abilities that give the entity a capability of meeting the Critical Success Factors (CSF’s) for products or services and achieving competitive advantage. What are Competences? (Types) 1. Threshold Competences These are are activities, processes and abilities that provide … Read More
The concept PESTEL Analysis Example(s) STATES it is a ‘structured approach‘ to analyzing the External Environment of an entity. The influences (current influences and possible future influences) of the environment on the entity are grouped into categories. PESTEL Analysis There are SIX categories of environmental influence: PESTEL Analysis Example(s) – … Read More
The concept Stakeholder Expectations Examples STATES that each stakeholder or stakeholder group has different expectations from a company. They expect to benefit from their association with the company and the benefits they expect are different. Stakeholders According to ‘Traditional View of Corporate Governance‘ these are: Stakeholder Expectations Examples – Explained … Read More
Intended Strategy Examples DEPICTS ‘Intended Strategy‘ is a strategy that is planned in advance through a formal planning process. Intended Strategy – Definition ‘Intended Strategy‘ is a strategy that is planned in advance through a formal planning process. The choice of strategy is a conscious decision by Senior Management. Intended … Read More
What is the Purpose of a Mission Statement STATES ‘Mission‘ is the purpose of an organisation and the reason for its existence. What is the Purpose of a Mission Statement? (6 Key Purposes) A ‘Mission Statement‘ can have SEVERAL different purposes: JhanzaybChartered Accountant (Institute of Chartered Accountants of Pakistan) Bachelor of … Read More
What is the Vision and Mission Statement of the Organization STATES ‘Vision statement‘ represents a desired optimal future state of what the organisation wants to achieve over time; AND ‘Mission‘ is the purpose of an organisation and the reason for its existence. What is the Vision and Mission Statement of … Read More
IFRIC 16 DESCRIBES hedges of a net investment in a foreign operation, and STATES that the Presentation Currency does NOT create an exposure, the hedging instrument May-be held by any entity, IAS 21 to be applied in respect of the hedged item. IFRIC 16 – Key Terms 1. Foreign Operation … Read More
Strategy Implementation in Strategic Management MEANS implementing the chosen strategies i.e the 3rd element of Strategic Management by Johnson, Scholes and Whittington. Elements of Strategic Management Johnson, Scholes and Whittington STATE that Strategic Management consists of three elements: Strategy Implementation in Strategic Management ‘Strategy Implementation‘ MEANS implementing the chosen strategies. … Read More
ISA 600 (Revised) DEALS with special considerations that APPLY to group audits in particular those that involve component auditors. ISA 600 (Revised) – Introduction 1. Scope of this ISA ISA 600 deals with special considerations that apply to ‘group audits’. 2. Effective Date This ISA is EFFECTIVE for audits of … Read More
Strategic Choice in Strategic Management STATES Identifying different possible strategies that the entity might adopt and making a choice of the preferred strategies i.e 2nd element of Strategic Management by Johnson, Scholes and Whittington. Elements of Strategic Management Johnson, Scholes and Whittington STATE that Strategic Management consists of three elements: Strategic Choice … Read More