Level 4 Synoptic Pre Release Material???

Hey all,

Am I correct in thinking the pre-release material for the Level 4 synoptic is for Veggie delights Ltd? So my exam will be based around this company? My exam is 14th April 2021. Just getting myself a little confused with it all, so I wanted to be clear on what I need to do.

Thaaaaanks! :)

Comments

  • Pian32
    Pian32 Registered Posts: 474 Dedicated contributor 🦉
    That is correct.
    AAT Level 4, MAAT
    ACCA in progress
    F4- Passed Aug 2020
    F5- Passed Dec 2020
    F6- Passed Sep 2020
    F7- Passed June 2021
    F8 - Passed Sep 2021
    F9 - Passed June 2021

    SBL -
    SBR - Passed Mar 22
    ATX - Passed Dec 21
    APM - Passed June 22
  • JustKerry
    JustKerry Registered Posts: 2
    Thanks for clearing that up, now I can a plan of how to tackle the exam and analyse the company ?
  • LSmithYorkshire
    LSmithYorkshire Registered Posts: 18
    Hi, just wondered if you have found any useful information, I am also sitting this exam on Wednesday, I feel comfortable with the questions, however my tutors have said they have no info on the new company so going to have to go through this company in my own.
  • 350b
    350b Registered Posts: 16
    Below is a sample of a SWOT analysis performed on the pre-released material (NOT MINE. Sourced from the BPP Question bank book). I hope this gives at least a little guidance on the partial information they are looking for.

    P.S. Sorry if I have misspelt any information provided, I was in a rush but I wanted to send this to you before your exams. @LSmithYorkshire @JustKerry


    Internal

    Strengths
    Strong cash reserves which cover the current liabilities
    Minimal non-current liabilities (a bank loan)
    Ethical company using locally produced fruit, vegetables and dairy products
    Experiences senior management team (no recent additions or movement noted in the scenario)
    Award winning restaurant and innovative in-house meals development team

    Weaknesses
    Website failure, costs are spiralling and the functionality is not as expected
    Bank loan is expensive (calculations based on finance charge suggest an 18% interest rate)
    Low operating profit margin (8%) suggesting issues over costing, fixed costs, administration cost (gross profit relatively health at 49%)
    Low inventory, rapid revenue increase, low operating profit are all signals suggesting potential overtrading
    Use of compostable cardboard trays is at odds with the zero waste philosophy of the company
    Rapid growth and additional hiring of staff may affect the controls in place at head office and/or the restaurants, need to control receives in place
    Current delivery scheme is too limited (a one mile radius of two restaurants), but veggie delights needs to consider carefully the alternatives (ethics of Deliveroo, security of meals)
    Rapidly growing business, how to ensure that quality control is adequate

    External

    Opportunities
    further four restaurants are planned in the area
    Popularity of the vegetarian diet and healthy eating amongst families and diners; opportunity to expand into the vegan market
    Company needs to develop its advertising and margin of the awards it has won (the business must ensure maximum exposure for any industry recognition)
    Loyalty card scheme to retain customers
    Merchandising scheme to advertise and appeal to families
    Franchise scheme to expand the brand
    Venture capital to provide capital to expand the business

    Threats
    franchise schemes may dilute the brand or affect the quality of the food offered by veggie delights; how will the company ensure that franchisees maintain the same ethics and high standards
    Venture capital will dilute the current shareholders equity stake with decisions being made by the majority of shareholders that the founders disagree with (such as cost cutting measures)
    Expanding to include their own farm may dilute the attention on the restaurant business and is a heavy capital outlay with delayed benefits (time for harvest to grow and be harvested)
    Rental cost may rapidly increase adversely affecting an already delicate operating profit
    AAT Level 4, MAAT (level 2, 3, 4 completed in 364 days in total)
    ACA in progress

    Proud self studier.
    Self definition: a person's essential being that distinguishes them from others, especially considered as the object of introspection or reflexive action.
    Studier definiton: person engaged in or dedicated to the pursuit of knowledge
  • LSmithYorkshire
    LSmithYorkshire Registered Posts: 18
    @350b thank you so much for this, just been doing the ratio analysis of their books and going to re run through these again before the exam
  • 350b
    350b Registered Posts: 16
    No problem, but stuck myself. The comments on these forums are all negative regarding the test.

    I have mine Saturday!
    AAT Level 4, MAAT (level 2, 3, 4 completed in 364 days in total)
    ACA in progress

    Proud self studier.
    Self definition: a person's essential being that distinguishes them from others, especially considered as the object of introspection or reflexive action.
    Studier definiton: person engaged in or dedicated to the pursuit of knowledge
  • LSmithYorkshire
    LSmithYorkshire Registered Posts: 18
    @350b good luck, from what ive seen and reviewed as long as you are strong with the Account systems and control unit and you can identify a weakness then prove why this is bad, then relate it to the customer you will score highly. question 5 is all on ratios, so just make sure you are strong on them
  • 350b
    350b Registered Posts: 16
    @LSmithYorkshire luckily for me I enjoy the ratio and variance analysis. I just hope the whole exam was about it :#
    AAT Level 4, MAAT (level 2, 3, 4 completed in 364 days in total)
    ACA in progress

    Proud self studier.
    Self definition: a person's essential being that distinguishes them from others, especially considered as the object of introspection or reflexive action.
    Studier definiton: person engaged in or dedicated to the pursuit of knowledge
  • LSmithYorkshire
    LSmithYorkshire Registered Posts: 18
    @350b Im with you on that one! the actual questions and format doesn't change too much so ive just been trying to answer the two practice exams but for veggie delights, so far its not been too bad, however as veggie delights is so new there isn't much on it all
  • 350b
    350b Registered Posts: 16
    https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/ConsumerIndustrialProducts/deloitte-uk-casual-dining-market.pdf

    still relevant but above is a resource I have felt to help with understanding the current position of the casual dining industry.

    Yeah we will see, I am sure there will be a few spanners in the works, but as far as I have been informed... A lot of the information that's provide, will help you guide your answer. @LSmithYorkshire
    AAT Level 4, MAAT (level 2, 3, 4 completed in 364 days in total)
    ACA in progress

    Proud self studier.
    Self definition: a person's essential being that distinguishes them from others, especially considered as the object of introspection or reflexive action.
    Studier definiton: person engaged in or dedicated to the pursuit of knowledge
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