ACCA P1 Governance, Risk & Ethics

Free online ACCA study materials and support for Paper P1


ACCA Paper P1 – Key to success

Nature of the ACCA P1 paper

ACCA P1 Paper – Governance, Risk and Ethics – aims to develop a student’s knowledge and the skills to be able to exercise professional judgement and ethics in practical situations which they will inevitably face as qualified accountants.
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New! June 2013 P1 Commentary


ACCA course notes

Free ACCA P1 course notes

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ACCA video lectures

Video Lectures for ACCA P1 exams

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ACCA Flashcards

ACCA P1 Flashcards

Practice key terms and concepts using interactive flashcards for ACCA Paper P1!

Available in 3 sets with over 90 questions:

ACCA P1 Flashcards: Set 1 | Set 2 | Set 3




ACCA P1 Dec 2013 Exam tips

  1. 5 part 50 mark question touching on risk, ethics, environment, internal controls with 16 – 18 marks for drafting a report / briefing notes / press release / magazine article
  2. Corporate governance with internal auditors and internal controls.  Risk management, committee,  mitigation
  3. Sub committees under corporate governance, their roles, functions, objectives, make up
  4. Kohlberg and attitudes to ethics compared with Gray, Owen and Adams and their 7 sub-categories 

Be prepared to need to use a calculator in the exam

Please Note

Tips should not be relied on – they are only intelligent guesses.
Their only purpose is to give you suggestions for topics to concentrate on in your last few days of preparation. Do not exclude other topics from your overall preparation.


Examiners Recommended Reading

Solomon, J (2006). Corporate Governance and Accountability Chichester: John Wiley and Sons.

Monks, A. G. and Minow, N Corporate Governance Third edition. Malden MA: Blackwell.

Crane, A. & Matten, D. (2003).Business Ethics Oxford: Oxford University Press.

Gray, R, Owen, D and Adams C (1996). Accounting and Accountability Prentice Hall, London.


These books are recommended by the examiner . If you are having problems with a particular paper, or if you want to do extra reading out of interest, then you might them useful.
The most efficient way of obtaining them is from Amazon in the UK.