ACCA P1 Governance, Risk & Ethics

Free online ACCA study materials and support for Paper P1

ACCA Paper P1 – Key to success

There is no change in December 2014 to the format of the exam. It will remain a three-hour paper, with 15 minutes reading time.

P1 December 2014 Syllabus changes:

Integrated reporting has been added to the syllabus.

Also, public sector governance has been added as a new subject area.

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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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 June 2014 Exam tips

Q1 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

Q2 Corporate governance with internal auditors and internal controls. Risk management committee, mitigation (according to a recent SA article, risk
management and a sound system of internal control are “inextricably intertwined”)

Q3 Sub-committees under corporate governance, their roles, functions, objectives, make up

Q4 Kohlberg and attitudes to ethics compared with Gray, Owen and Adams and their 7 sub-categories

OR! Accountancy as a profession

OR! Deontology and teleology

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.