ACCA December 08 P1 Tips

ACCA DECEMBER 2008 EXAM TIPS
WARNING : ALL THESE (ACCA DECEMBER 2008 P1 EXAM TIPS) ARE MERELY INTELLIGENT GUESSES NOT 100% ACCURATE. DO REVISE ALL THE SYLLABUS. USE THE TIPS OR GUIDE AT YOUR OWN RISK!

Area to focus :

1. Corporate Governance

- definition , the aims of....
- Role of Remuneration Committee
- Agency theory … agency costs
- Role of company secretary
- Role of the board
- Appraisal of the Board , Committees & individual directors
- Discussion of one of the fundamental principles underlying good CG
- Circumstances for institutional investor intervention

2. Internal Control

- Audit Committee – role & responsibilities
- Factors in deciding to establish internal audit

3. Risk

- Role of risk committee
- Reputation, reputation risk & effects

4. Ethics

- Working out an ethical dilemma using American Accounting Association
- Use of Tucker’s model to assess ethical view of corporate actions
- Corporate social responsibility - ( Don’t forget Gary, Owens & Adams’ 7 stances )
- Corporate Citizenship (remember Carrol’s pyramid )
- CSR … definition etc
- CSR – Business case / Non business case
- Environmental footprint
- CSR reporting ; mandatory vs voluntary


All the ACCA DECEMBER 2008 P1 EXAM focus areas are "VERY IMPORTANT" there are some just "IMPORTANT"
These tips are from Ms Sheila.
We do not have the rights over the tips therefore I merely quote some of them and not copy everything. We will not be held liable for the tips given are inaccurate or what-so-ever.

Disclaimer : All the tips posted are for education purposes only.

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