*** P1 December 2012 Exam *** Instant Poll and comments***

Home Forums ACCA Forum P1 Governance, Risk & Ethics Forums *** P1 December 2012 Exam *** Instant Poll and comments***

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    admin
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    Post your comments about December 2012 P1 exam.

    Please vote in our Instant Poll

    Please note: The ACCA has requested that no postings must be made in this forum before 15:00 GMT on the day of the exam.
    Remember that you are studying for a professional qualification – do not make postings that are abusive or threatening.


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    rex045
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    all i need is time! DAMNNNNN


    Avatar of alvinlauren89
    alvinlauren89
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    It was relatively not bad !


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    pegworld
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    Yes all I need is time too :(


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    nthabi101
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    time is always the worst enemy in those Halls! anyways lets hope for the best.


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    yj861224
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    TIME?????


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    jny1788
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    i think acca papers should be of 3 and half hrs

    and i appeard p1 for frst time and i dnt get it that whethr p1 is all about models or writing essays and articles for magazines as one need time to thnk for this type of que. and there s no tme in exam :(


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    mkshuro
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    Time,but fair


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    millomutei
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    Seems like the papers I wrote this sitting were very fair. These were P1, P5 and P7. Thanks be to God. Opentuition Thanks too. Hope you win the PQ Award! All the best buddies?


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    hassanhere
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    Time :/


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    eagleshen201
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    Time is the biggest enemy


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    millomutei
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    Would love to share but am just coming from an ethics paper! Sorry am not so much of a relativist!


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    matthew11
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    spend too much time for Q1


    Avatar of abdullahpuri1
    abdullahpuri1
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    yes indeed TIME was the limiting factor


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    D
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    just a few word about questions, please


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    jessicarabbit10
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    In general thought exam was ok.

    Q1 got a little mixed up on definition of social footprint ie the anthro capital bit I called human capital environmental. Then generally talked around health implications effecting society ie healthcare will be required in future to address problem and will effect families in developing countries , without the mines could effect education and investment in those areas!

    Part b I talked about risk diversification ie reducing risk and spreading it , then mentioned vertical integration etc however pj couldn’t do as no funds for investment

    Part c – just talked about the board making strategic decisions to make x32 core 60% of business , choosing to process in developing countries where health and safety low priority , then operational day to day risks etc

    Then rambled on about board being responsible for establishing and ministering effectiveness of ic’s and how mr ho has been misleading in opting for plan b and not transparent and he hasn’t acted ethically in offering Hannah a bribe

    The q2 – cg – te way directed and controlled then tried to think f how it reduces failure eg reduced risk through having internal controls, more accountability so less bad decisions likely to be made , more monitoring so again less likely to made radical risky decision , more challenge from shareholders etc

    Q2b – rules an principles then talked a little about the pros of principles and drawbacks of rules to illustrate

    Q2c Acountability – information to shareholders open dialogue answerable for consequences of decisions . Said both re election and provision of biographical good for accountability – although could only think of one point for each

    Q4 explained tucker then answered them in relation to route a

    Q4b just generally talked about why importance recognising stakeholders was good and tried to specifically talk it in terms of rdc

    Q4c talked about claims beig demands wants and desires and then struggled a bit with the critically evaluate bit – clearly mr krul had a valid claim as family home makes a living on farm and it provides employment , local government weren’t really fussed by wanted plan to go ahead

    Hope I talked enough to get a pass though and I may have been vague at times


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    keyboard
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    question1 : a) social footprint and health and safety risk
    b) risk diverisication and related risks
    c) ethical and prof. duties
    d) article in newspaper about strattegic and oprational risk and borad resp. abt internal controls and criticsim on CEO comments

    question 2) a) how CG Frameworks preserve shareholder value
    b) diff between ruls and principles basd
    c)accountablty and reelction after 1 year and diversity in backgrounds

    question 3)

    1) why internal controls fail
    2) identify from scenario reasons of failure and recommend procedrues to improve them
    3) cant remember rest


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    jessicarabbit10
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    What did everyone else write ?


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    keyboard
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    to be fair, exam was pretty ok, not hard at all, very managable


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    D
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    THANK YOU!!!

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