1. Paper P5 Risk & Uncertainty part 2 Mark Fielding-Pritchard mefielding.com1

2. Conflict Resolution Amongst Stakeholders PrioritisationNegotiation and ‘satisficing’Sequential attentionSide paymentsExercise of power mefielding.com2

3. Role of Government Legal Consumer rights Environmental protection Restrictive practices Fiscal Taxation Economic Public expenditure Exchange rates Interest rates Political Incentive schemes mefielding.com3

4. Porter Impact of Government Capacity ExpansionDemandDivestment & ExitEmerging IndustriesEntry BarriersCompetition PolicyNew Product Adoption mefielding.com4

5. Dealing With Uncertainty Scenario PlanningComputer SimulationSensitivity AnalysisExpected Values Maximax, maximin, minimax regret mefielding.com5

6. X 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 mefielding.com6

7. Part A Porter  Barriers to entry  Substitutes  Suppliers  Buyers  Rivalry mefielding.com7

8. Part B  Part B  Choose 5/6/7 ratios then calculate  1 mark (maybe) for calculation  1 for comment  1 for remedial action mefielding.com8

9. Part B SWOT  Strengths  Growth in profits  Growth in turnover  Weaknesses  Decline in train passengers  Decrease in staff to passenger ratios mefielding.com9

10. Part B SWOT  Opportunities  Holiday industry  Freight services  Threats  Oil prices  Customer dissatisfaction spreads mefielding.com10

11. X 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!! mefielding.com11

12. Part C No model- make a plan!!  Brand, reputation, stretching  Value  Consumers champion  Talented staff  Chairman  Communication mefielding.com12

13. Environmental Accounting  http://www.accaglobal.com/an/en /student/exam-support- resources/professional-exams- study-resources/p5/technical- articles/environmenta- management.html mefielding.com13

14. 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 mefielding.com14

15. 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. mefielding.com15

16. Environmental Management Accounting Costs are applied  Conventional costs  Contingent costs  Relationship costs  Reputational costs mefielding.com16

17. Environmental Management Accounting Techniques  ABC  Input/output analysis  Flow cost accounting  Lifecycle accounting mefielding.com17

18. Part D  1) Important for cost minimisation  Conventional costs  Contingent costs  Relationship costs  Reputational costs mefielding.com18

19. Part D Could be written into procedures manuals for  Cost calculation  Financial reporting  Project appraisal  Staff appraisals/ recruitment  Procurement  Advertising  Promotion /sponsorships mefielding.com19