ExpertExam Intel
ACCA
ACCAACCA BT Cheat Sheet: Governance, Ethics, and Organisational Frameworks
ExpertMinds Editorial·3 June 2026·6 min read
Practice ACCA questions while you read →Key fact:BT exam: on-demand CBE · 100 marks · 2 hours · All objective test questions (no constructed response). Pass mark 50%. Heavily conceptual — frameworks and definitions tested directly.
Corporate Governance
| Concept | Key points |
|---|---|
| Agency problem | Separation of ownership (shareholders) and control (directors) creates conflicts of interest |
| Unitary board | Single board of executive and non-executive directors — UK/common law approach |
| Two-tier board | Supervisory board + management board — common in Germany/continental Europe |
| NEDs role | Challenge management, scrutinise performance, determine remuneration, oversight of risk and audit |
| Audit committee | Must consist of NEDs; reviews financial statements, internal audit, external auditors |
| Remuneration committee | NEDs only; sets executive pay to align with shareholder interests |
Ethical Principles (ACCA Code)
Practice ACCA questions while you read
Questions graded, hints, and explained.
| Principle | Meaning |
|---|---|
| Integrity | Honest and straightforward in all professional relationships |
| Objectivity | Do not allow bias, conflicts of interest, or undue influence |
| Professional competence and due care | Maintain knowledge; act diligently to professional standards |
| Confidentiality | Do not disclose information without authority or legal duty |
| Professional behaviour | Comply with laws; avoid actions that discredit the profession |
Key Strategic and Organisational Models
| Model | What it does | Key output |
|---|---|---|
| PESTLE | Macro-environment analysis | Political, Economic, Social, Technological, Legal, Environmental factors |
| Porter's 5 Forces | Industry competitive analysis | Rivalry, Threat of entry, Substitutes, Buyer power, Supplier power |
| Mendelow's matrix | Stakeholder mapping by power/interest | Manage closely / Keep satisfied / Keep informed / Monitor |
| Ansoff matrix | Growth strategy options | Market penetration, Market development, Product development, Diversification |
| McKinsey 7S | Organisational change alignment | Strategy, Structure, Systems, Style, Staff, Skills, Shared values |
Practise BT with full exam simulations
BT is knowledge-heavy and time-pressured. Drill frameworks with timed practice.
Ready to Practice the full ACCA?
Graded results, exam simulation, and detailed guidance for every question.