P1 ACCA Exam Tips for December 2011 - ACCA Global Accountancy Discussion Forums

Robinhood · 11-28-2011, 09:00 PM

P1 Professional Accountant
December 2011 ACCA Exam Tips

Use the following ACCA Exam Tips as important areas to cover but remember that no one knows what can come in your P1 December 2011 ACCA Exam, apart from David Campbell (P1 examiner). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in every sitting of P1 Professional Accountant Exam.

Bpp P1 December 2011 ACCA Exam Tips

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In the long 50 mark scenario question you can expect to see all areas of the syllabus being tested. For this reason you should ensure that you have not neglected any of the broad syllabus areas of governance, risk and ethics. The topic of risk can be further subdivided between risk and control.
Some good areas of governance to look at are agency, stakeholders and directors’ remuneration.
Don’t neglect internal control reporting.
Ethical theories get tested regularly, and professional codes of ethics are an important part of the syllabus. The examiner did not touch environmental issues in the June exam – you should ensure you brush up on these too

Kaplan P1 December 2011 ACCA Exam Tips

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•Corporate governance: external factors – stock exchanges & Company secretary
•Normative / instrumental stakeholder views
•Ethical Decision making – Tucker/AAA
•Risk perception and ALARP
•Directors Performance Evaluation

Robinhood · 11-28-2011, 09:01 PM

First Intuition P1 December 2011 ACCA Exam Tips

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50 mark scenario question, to include: TARA risk model, ethics, absolutist v relativism, chairman and CEO powers need to be separate, also corporate social responsibility, ISO 14001
Optional questions to include: importance of internal control, NEDs and remuneration committee, business risks, Grays Owens and adams

ATC P1 December 2011 ACCA Exam Tips

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Exam Technique
The diffreence between passing and failing is only one mark. Ensure you attempt ALL parts of Q1 and of the 2 questions you select from section B.
AREAS TO CONCENTRATE ON:
* Corpporate governance concepts, underlying fundamentals and arrangements.
* CG in other organisations eg public services, NGOs.
* Types and forms of CG, eg rules based, principles based, insoder, outsider systems, UK Corporate Governance Code, SoX (not sex – concentrate!)
* Agency theory, stakeholders, Mendelow.
* Board striuctures, CEO/chaiorman, directors, NEDs, committees.
* Internal control and business risk, Turnbull.
* Ethical theories and business codes – Kohlberg, Gray, Owen and Adams, Tucker, AAA.
* Professions and the public interest.
* Corporate social responsibility, corporate citizen, footprints and sustainability.
* Social and environmental auditing.
That just about covers the syllabus.