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Top 10 issues video for CIMA OCS May & August 2020 - ChargeIT

Top 10 issues video for CIMA OCS May & August 2020  - ChargeIT
Top 10 issues video for CIMA OCS May & August 2020  - ChargeIT

Watch Top 10 issues video for CIMA OCS May & August 2020 - Charge IT

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Hello and welcome to this Astranti video on the top 10 most likely unseen
issues for the May and August 2020 case study exams focusing today on our precinct company chargeIT video is This  to provide you with a little bit of insight into some of the most important topic some of the key syllabus areas that are likely to come up in the exam settings in relation to
this pre seen company so May and August 2020 before we go any further I would just
like to clarify that there is of course no way that we can guess with a hundred percent certainty the topics that cement will look to test in your exam so this is very much our base best guess based
on the readings that we've made of the pre scene and I would also like to say at this point that there are of course other testable topics within the pre-seen that don't quite fit into this top ten format that we've chosen to proceed for this video so other areas of the pre-seen remain testable outside the areas.

we have highlighted or going to highlight in this video so what is the basis for my choice of these issues well this is firstly based on my reading ofthe pre seen my analysis of the information that is contained in the pre-seen and this is then also used in conjunction with what I know about the
OCS exam past OCS exams particular topics that commonly come up particular themes here so a balance between both these areas of knowledge have forms the
basis of my choice for these top ten issues.

okay so breaking down my decision making in a little bit more detail the first aspect of this was the focus that particular issues have within the pre-ssen so if an issue has a particular amount of space
devoted to it then what this really signifies to me and should signify to you is that the examiner has attached a degree of importance to this issue CIMA uses the preteen as the basis for which
to test you in your actual exam so if there are specific issues mentioned in here specific issues brought up then this is likely to be some of the things that CIMA is looking to test going
forward the other thing that I've allowed to inform my choice when looking at the precinct is the strategic importance of particular issues so we've undertaken a SWOT analysis as part ofour strategic analysis in the previous video of this series and so any issues that were particularly relevant
particularly important to this analysis of the business level to the business's strategy going forward are issues that.

I've likely included in this video and by considering things that are important to the company strategy based on this analysis I've also taken into account issues that are likely to be important in the eyes of the company's directors so the final thing that's influenced my choice as I've talked
about is my past experience working at OCS level so as part of my role as a strategy I've produced a number of mock exams for the past five or six sittings at OCS level so I have a fairly good
idea of some of the content that typically comes up in past exams content that is regularly examined and so this therefore gives me an insight into some of the typical issues that CIMA like to
examine and how they may once again have hinted at these issues within the pre
seen and are therefore relevant for your revision within this video.

I know that we're dealing with a new syllabus here and there this knowledge and experience relates to the old syllabus however I do very much believe that it is still relevant in terms of identifying the type of questions that CIMA will like to test in this new exam and the other thing to consider here from CIMA's perspective is how easy is it to write issues on a particular subject so this is another consideration that I will take into account when making my choices here in terms of how to prepare for these issues how to utilize this video in your exam there are a range of key things that you can do based on the information I provide him so the first thing is to prepare key models that you have come across in your studies to date based on information within the precinct so there are a range of key models throughout the cima syllabus for operational level and what you can do essentially is apply some of these models to some of the issues that I pick out as part of this video the key thing here is to remember to adapt all the models all the content for any new points that you produce or that you come across in the unseen you shouldn't go into the exam with a pre-seen or a preset answer in your head you must be able to adapt your answers to adapt your knowledge to specific requirements and specific situations that are provided in the unseen

The other thing you can do is to practice mock exams that cover these key topics so at astir on t at OCS level we produce full mock exams that you can purchase and we try to ensure that the
topics we cover in these exams are topics that are relevant to the top ten issues that I'm highlighting here so utilizing these resources is a good way for you to practice writing mock questions under exam conditions on topics that may well come up in the exam this video also then allows you to find
relevant real-life examples that you can use in your exam so the examiner really likes you to be able to demonstrate your wider knowledge about the industry in question and what you can do if you are
potentially aware of some of the issue that might come up in your exam isprepare a few sample paragraphs based on specific issues that are relevant to thetop ten issues that I have talked about
and then you can learn these real-lifeindustry example paragraphs and you can employ them as part of your actualanswer in the exam this video will also allow you to focus your vision on key
points relating to key content so for example you may look at a particular costing or in may particular budgeting model that may be relevant to this exam and you may look through what are considered to be the key advantages and disadvantages of this model and learn.

These so that when you get into the exam your knowledge on this particular topic is tip-top and so your that will be able to obviously competently address any questions on these areas in the exam and
finally this video should allow you to prepare some more in terms of the models that you may be able to utilize to support the relevant issue that could come up in your exam so for instance if there is a question on marketing for instance or the issue of marketing is one that may well be prevalent in this
exam then you can take some time to look at some of the key models surrounding marketing build up your knowledge in these areas and then this will enable you to utilize these models more
effectively to support your answers and your recommendations that you provide in the actual exam itself okay so with that little introduction out the way let's move on to the first of our issues which
as you can see on screen is manufacturing okay now before you look into this in a little bit more detail what I would just like to clarify is that these issues aren't numbered based on their relevance or their importance to the creasing company or to the exam they're simply number to fit into the
sort of top ten format that we structured this video in relation to okay okay so without wasting any more time let's get going with issue turn on our list here okay so what is the basis
behind selection of this issue here well.

firstly and most simply we are dealing with a manufacturing business here in charge it ok so the business is sort of production and distribution operations are obviously then a key aspect of the
overall operations of the business if it gets its manufacturing wrong then obviously it can't produce products of the right quality to consumers and the whole business is going to fall apart ok
so a crucial area of operations to the type of business that we have in play here and not only is is a key area of operations at the moment in terms of continuing to facilitate the future growth that the business looks to achieve going forward it's also a vital area so continuing to improve and update
the company's production facilities to allow it to produce a greater output in terms of products is crucial in terms of the businesses strategy going forward and is therefore a very relevant area to
this exam I also think there are a number of interesting questions that can be asked in relation to the expansion

we've seen within this department in recent years so we've seen that one of the key strategic decisions made by the business in the last four or five years was to bring production of the company's
products back in-house when previously these have been outsourced to a manufacturer in Southeast Asia ok so I think given the importance of this area of the company's operations and developments here in the recent history of the business I think again this is an important issue in relation to the exam in terms of the current production situation at the business for those of you who watched my precede videos you will I'm sure I've become slightly sick of me going on about the issue of
automation and mechanization with in production over and over again but the key area the key point to make here is that there are still significant areas of inefficiency in the business'sprocesses at the moment and therefore significant areas that the business could look to expand and develop on
principally in terms of its use of technology within these processes ok so again a key area of development for the business's operations going forward moving on I think there were also a
number of important questions that can be asked in relation to topics such as
outsourcing in relation to the businesses manufacturing operations so we've seen how a key strategic decision on this factor has been made within the last four or five years as we've just
talked about but going forward I think there are still a range of other questions in relation to how the
business produces things and whether it does as in-house or uses external providers in relation to areas of core competence like it's battery technology and finally the last basis of my choice
is the fact that sort of manufacturing as an overriding topic is highly testable from a range of different
syllabuses so we've hinted about how this might be tested from an e1 and a p1 perspective but in terms of the f1 side of the operational case study exam we have two key learning outcomes D and F
which can specifically or strongly relate to manufacturing as an overall topic so specific things like Accounting Standards in relation to things like non current assets and inventory but also crucial topics like working capital that are highly relevant here okay so another key reason here maybe from a slightly more exam centric point of view in terms of why I have selected this overall issue okay so now that you understand alittle bit more my thinking in terms of selecting this issue

 let's move on and have a look at some of the likely issues that you may actually come up against in your exam okay so one of the key issues I think we might face concerns the automation of the business's production processes okay so we have a range of processes in the pre seen that seemed to include a high level of staff involvement and so I think the automation of some of these processes or the introduction of production technology to increase the efficiency and effectiveness of these processes is going to be a very prevalent very prominent issue in the exam and I can think about this specifically in relation to key areas of operations such as the packing Department where the business currently employs 75 staff as part of his overall logistical side of this production operation the identification and eradication of bottlenecks within the company's production process is also a very relevant topic to this issue.

 In with what we've just talked about okay so one such area of bottleneck within the businesses operations at the moment could be its motor assembly where we see an assembly line with various staff then involved in sort of assembling the company's motors based on different components and raw materials sent in by suppliers here okay so identifying bottlenecks of this nature and overcoming them using specific theory from the p1 syllabus so things like throughput accounting on the theory of constraints are also highly relevant issues in relation to this topic link to this but maybe from a slightly more general perspective we could see wider issues in relation to how the business can't overcome areas of its inefficiency within its production processes not only in relation to to maybe staff or production techniques as we've just talked about but also in terms of things like the use of raw material and also in relation to things like production costs moving on given what we know about the importance of quality to this business's operations we may see issues in the exam in relation to how the business is looking to implement procedures and processes to maintain the quality of its manufacturing operations now this could relate to things like managing the relationships it has with its suppliers to ensure the quality of raw materials and component parts but could also include topics such as total quality management so assessing the potential suitability of processes of this nature to the company's operations and assessing the benefits that they may bring to charge it we may also see issues in relation to topics like wastage so we know that from an environmental point of view plastic waste is quite an important issue for the company was likely quite an important issue for the company.

 okay so we may see scenarios in relation to things like faulty products which may need to be scrapped or may need to be sold for a discounted price and he may therefore be asked to deal with the fallout from an issue of this nature and finally if we do see scenarios where the company is say purchasing new production equipment then very clearly here very obviously we have a range of different topics in relation to the financial accounting standards which can be tested okay so you scenarios in your exam where you're asked to deal with the repercussions of new purchases of non current assets from a financial accounting point of view okay so things like the recognition and measurement of these assets okay so moving on what point you must you raise in relation to these issues well essentially here I think it's pretty important that you look to demonstrate your knowledge about the company's production processes and logistical operations and use this in terms of highlighting areas where there are inefficiencies where there are potential bottlenecks that might be impacting the overall sort of output and efficiency of the business's production operations okay so two of these key areas that I think you must keep in mind in relation to a question of this nature of course relate to our motor assembly which sounds like a particularly inefficient product with a sort of staff assembly line going on in play but also in relation to the company's packaging operations where we have a significant staff presence and therefore a significant cost associated with actually getting the products or packaged up and ready for delivery to consumers okay so showing your knowledge of the business's production operations and its limitations in these areas is important it's all well and good being able to identify problems with the company's production processes but I think it's also crucial that you demonstrate your sort of knowledge here of potential solutions .

so here what I'm talking about are of course the ways in which the business can make use of new sort of technologies in the environment in which it operates to upgrade and improve its production operations addressing some of these inefficiencies overcoming some of these bottlenecks that we've just been talking about in relation to specific areas of its operations here okay so demonstrating your knowledge in relation to this sort of automation and mechanization potentially for the business is also important and finally I think it's really important that you maintain and that you continue to demonstrate a sort of understanding of the quality requirements of the company's production operations as you answer or as you deal with a scenario of this nature okay so quality and reliability are of course key metrics to the overall business here so demonstrating that you understand and that you are of the importance of these metrics and how they apply to the businesses operations is also really important to a question of this nature okay finally we've looked at some of the key points you must raise in relation to this topic but what about some of the key theory that you can use him okay so as we can see on screen there is a significant amount of p1 based theory that you can utilize when dealing with a question of this nature .

we know that p1 is a really important syllabus in relation to your operational case to the exam forms a dominant part of a number of the key learning activities that you are going to be examined against a case of a question of this nature is therefore a really good way for you to demonstrate your knowledge of relevant theories from this syllabus okay so in terms of some examples of specific p1 and maybe even he won't theory that you can utilize here think total quality management is an example to start with so obviously we've talked about how quality control is a really important part of the business's production operations in terms of maintaining the reputation and brand image that it has so total quality management is an example of a source of theory of a sort of practice procedure that can be implemented within a business in order to raise the quality standards of the business's operations so understanding assessing the relevance of this particular theory in relation to charge it as a business how it operates is an example of a theory that could be relevant to certain scenarios certain questions that you come up against in your exam another theory which is highly relevant to manufacturing questions in relation to this business is through post accounting and relevant theory like the Theory of Constraints okay so demonstrating that you understand the process of sort of identifying and overcoming bottlenecks as part of a business's production operations it's going to be a really relevant theory I think to this exam given some of the areas of inefficiency that we know exists within charge its operations at the moment from more of an e-1 perspective I think the value chain port is value chain is another useful theory to keep in mind here okay so you can use this theory to demonstrate your knowledge of how charge an organization add value to its inputs

 when transforming these in to outputs as part of its operations and crucially how the business can develop an out further value to these areas by making improvements in certain aspects of these operations moving back to the p1 syllabus and focusing more carefully on some of the decision-making related content in this syllabus with limiting factor analysis so here we can think of this in terms of single limiting factors but also in terms of an analysis of multiple limiting factors that charge it may be encountering in its production processes at the moment using things like linear programming to identify and overcome these issues topics of this nature like linear programming are very commonly examined by CIMA so having a solid understanding of these and being able to demonstrate your knowledge of this theory is a really useful part of your revision sticking with some of the decision-making content in relation to the people and syllabus theory in relation to things like making discontinuation decisions surrounding products are potential areas that could be relevant and a useful Theory knowledge for you to possess well more importantly areas like theory in relation to break-even analysis which is another really important topic in the p1 syllabus that is regularly tested at operational case-study level.

 ok so there are a variety of manufacturing a sort of product development based theories around which a topic like break-even analysis can be tested okay so we're understanding this theory and then demonstrating your ability to apply it to the question that you get in your exam if relevant is another example of how you can utilize key people and theory in this exam and finally then as we've talked about there is a range of specific financial accounting theory that will be relevant to a manufacturing scenario of this nature surrounding things like the accounting for non current assets accounting for inventory and also accounting for things like impairment in relation to this aspect of charges operations okay so from a slightly different syllabus point of view more key theory that you can employ in a question of this nature okay and overall when thinking about the importance of manufacturing to the type of business we are dealing with in this pre scene and then focusing more specifically on the range of theory that could apply to a question of this nature I think you can see why I selected this issue was a really important area for you to do some revision in relation to in preparation for your exam 

Good luck everyone !!!!

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