OBU RAP Topic 3


An assessment of the potential impact of an aspect of impending legislation on the operations and financial position of an organisation.

 

law

“Better knowledge of “impending legislation” and broad level application in inception of RAP preparation along with good knowledge of overall operations (specifically those operations that impact directly or indirectly affect due to impending legislation) of the selected organisation under well qualified mentor is key to success for passing RAP under this topic”

Legislation is the “process of making or enacting laws’. This topic requires students to assess various aspects of an organisation that directly or indirectly can impact due to impending legislation on the operations and financial position

Under this topic, first of all student must have proper knowledge of  “impending legislation” and he/she also have broader idea of its possible impacts before proceeding his/her RAP under this topic. Based on broader ideas of possible impact of “impending legislation” in inception will enable student to be more focused in its approach that ultimately help him/her to keep on right track from inception till finalization of RAP under this topic.

Under this topic, student need to apply his/her theoretical knowledge that he gained from his varies ACCA papers along with right approach from inception under well qualified mentor that guide him/her in proper manner. Moreover, student must have good knowledge of overall operations of his/her selected organisation so that he/she can properly link impacts of “impending legislation” both in quantitative and qualitative terms.

Kindly note that there is no recommended approach under this topic and as overall approach may vary based on “impending legislation” and its overall impact so our mentor will mentor you properly to explore your capabilities that ultimately help you to pass your RAP under this topic effectively.

Key features / requirements:

  • Assessment of “Impending Legislation” on the selected organisation.
  • Discussion of possible impacts of “impending legislation” on various operations of the selected organisation.
  • Identification of various advantages and disadvantages of “Impending Legislation” on particular operations of the selected organisation.
  • Provide some quantitative and qualitative analysis (wherever applicable) to substantiate above mentioned aspects in proper manner.
  • Maintain proper balance in explanation / analysis of different aspects that required under this topic.

*Feedback from project mentor is essential to get good grades in RAP.

Key Success Factors:

  • Good knowledge of basic concepts of Law.
  • Excellent knowledge of “impending legislation”.
  • Excellent knowledge of various operations of the selected organisation that directly or indirectly impact due to “impending legislation”.
  • Proper linkage of key aspect of “impending legislation” on overall operations of the organisation.
  • Proper application of all selected aims and objectives (that decided in inception of RAP) in appropriate sections of RAP.
  • Proper answering of all research questions (that decided in inception of RAP) in appropriate sections of RAP.
  • Usage of proper research methodology to achieve good result against all selected aims and objectives (that decided in inception of RAP).
  • Maintain proper sequence of all discussion in logical manner by keeping all requirements of the topic.
  • Logically conclude all performed work at the end of Research Report by keeping in consideration of all requirements of the topic.

Major benefits for choosing this topic:

  • Student will practically apply his/her bookish knowledge into real life.
  • Major aspects / steps of impending legislation will reveal on student.
  • Various techniques learned under this topic will substantially help student in his/her professional life.

Major possible limitations faced by student under this topic:

  • Students may not entertain well by the management of selected organisation in provision of required information due to various issues (e.g. confidentiality aspects, non availability of authorized person to disseminate information to student for research work, etc.)
  • Student may not find good stuff from internet  or other sources (due to weak research approach) to bring ideas for improvement in the project.
  • Key aspects of impending legislation may not discuss in detail as required under this topic by OBU.
  • Student may be confused due to variation in actual information (verbal or documented) provided from primary sources with the result that he/she actually derive from his/her research work as per requirement of the topic.

 *Feedback from project mentor is essential to get good grades in RAP.

Suitable organisation under this topic:

The most suitable organisation under this topic is that for which student have access to management of the company and moreover management of the company is willingly provide all required information to student as required under the topic. Selection of most appropriate organisation is very essential as student must have better understanding of overall operations of the organisation and moreover he/she also have enough knowledge of the sector in which his/her selected organisation actually operates. Based on better knowledge of the organisation and respective sector , student will be able to interlink various aspect of overall operations of the selected organisation with all requirements of the topic that ultimately help him/her in getting good grades.

In short student need to assess following aspects in selection of organisation for RAP.

  • Student’s own interest related to overall business of the organisation (extremely important in topic 3);
  • Accessibility of information from primary sources (extremely important in topic 3);
  • Accessibility of information from secondary sources;
  • Knowledge of overall operations of the organisation (extremely important in topic 3);
  • Knowledge of overall associated sector of the organisation;
  • Availability of time from concerned officials of selected organisation (extremely important in topic 3);
  • Basic idea of requirements of selected topic and their applications on proposed organisation in inception of RAP.

*Feedback from project mentor is essential to get good grades in RAP.

Suggested approach for this topic:

Under this topic, student must plan properly from inception so that he/she can complete all tasks effectively in proper manners. First of all, student must  gain excellent understanding of major requirements of this topic and he/she need to critically assess all aspects of requirement by defining detailed strategy.  Student need to assess that what process that he/she actually follow to meet all requirements that only possible through detailed planning in inception of RAP.

Student need to  prepare overall content of RAP under topic 3 that describes logical sequence of all tasks that need to adhere by the student. This content will also help student to keep on right track from inception and at the same time student can also assess time factor against planned vs. actual tasks through considering his allocated time for complete preparation of RAP.

After finalization of overall content of RAP under topic 3, student need to start working logically from gathering of information as per requirement of topic. Student need to assess all gathered information very critically through consultation from mentor. Mentor feedback on key areas of RAP is very essential so student should share his/her thoughts with project mentor regularly to get efficient guidance in time accordingly.

In short, there is no 100% suggested approach for topic 3 as keeping broader level approach (described above) , detailed approach under topic 3 varies due to student’s perception that he conceived from requirements of the topic along with available information of selected organisation. Whatever, the approach you will follow , keep getting guidance from project mentor at every step so that you can meet all requirements of topic and get good grades.

*Feedback from project mentor is essential to get good grades in RAP.

Availability of Information:

Student have to complete his/her RAP based on provision of information directly from management of the organisation (i.e. primary sources of information) along with vast information available through different mediums (internet, newspaper, books, etc.) under secondary sources of information.  Availability of information from primary sources under topic number 3 is very essential as this topic cannot complete at all without getting specific information of the selected organisation. Student need to ensure that he has access of vast information from management of the selected organisation and there is no confidentiality concerns by them as well.

In short, student need to assess very critically before opting this topic for RAP as all requirements of this topic only meet if student have enough information about selected organisation. If there is any doubt on provision of required information during perpetration of RAP then student should not select this topic for RAP as it impact on overall evaluation of information and overall grades of RAP.

*Feedback from project mentor is essential to get good grades in RAP.

Important Links:

Business Analysis Section of RAP

Reference Generator Link

Others


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