Free online ACCA study materials and support for Paper P1
ACCA Paper P1 – Key to success
P1 Exam format
There is no change in June 2015 to the format of the exam. It will remain a three-hour paper, with 15 minutes reading time.
P1 December 2014/June 2015 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.
Free ACCA P1 notes
To fully benefit from these notes please access our free P1 lectures below.
Note: These notes are not meant to replace study texts. To succeed in your exam, you need to get updated Revision kit from an ACCA approved publisher.
Copyright: Selling or profiting in any way from these notes without our permission is prohibited. If you would like to use our course notes in your college, please check our OpenLicence for details.
Video Lectures for ACCA P1 exams
To fully benefit from our P1 lectures you must use our course notes.
Introduction to Paper P1
ACCA P1 June 2015 Exam tips
The paper title gives pretty strong clues about the likely content of the exam!
Question 1 will probably be the “usual” 500 – 700 word case study with sub questions covering governance, risk AND ethics with a part question asking for something like a chair’s address to the members at an AGM or a report to, say, institutional investors
Questions 2, 3 and 4 could have at their root a topic covered by recent Student Accountant articles including any or all of the following:
- Diversifying the Board
- Integrated Reporting Framework
- CSR Strategy and Strategic CSR
- Environmental Accounting and Reporting
but, throughout the paper, the underlying themes will be governance, risk and ethics
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.