*** ACCA P1 December 2016 Exam was.. Instant Poll and comments ***

I thought the questions were ambiguous and quite misleading, I found them hard to answer… Oh well retake … Again

Would you say that this sitting was more knowledge-oriented or judgement-oriented?

I though it was supposed to be 50-50% but I found it more knowledge leaning. Personally I would desire more judgement from the requirements.

What do you think?

Hey I would say leaning towards a pass…. but quite tentatively. If I do fail it would be like a 48/49. If I do pass it would be like a 50/51.

My threats were self interest, intimidation and familiarity

90% of The requirements to the question were sooooooo……. CONFUSING..

I found it hard to interprete most of the question requirements.

How could the Examiner make the report iquestion even horrible yet it had the professional mks….??

To be honest, I was following ma instinct while answering coz the confusion was tooooo much…..

Keeping fingers crossed for the nest….

My first ACCA exam, I decided to do question 3 and 4 first, found them pretty straightforward and reckon I got some solid marks. Although I agree with those saying that there didn’t seem to much differentiation between 4a and 4b. I pretty much repeated myself and I doubt will gain many marks for that.

Question 1 was brutal for me, I was tired by the time I got to it and the amount of reading threw me. Found it hard to extract what they wanted. I didn’t practice any case study questions so I only have myself to blame. If I scraped 15 marks out of 50 I’d be grateful.

Feel drained and disappointed. I’m not expecting a pass. Fingers crossed the marker is drinking heavily when they get to my paper.

@montelik said:
For the ethical decision part of question 4, I applied ethical decision making (4 steps) rather than AAA, which is 7 steps. Considering it was 5 marks I felt it was more appropriate, plus I was pressed for time. Hope I can be fully credited for it, as it felt appropriate to the scenario.

Which part of question 4?

I mentioned only PICCO, Self interest, familarity and intimidation. I dont see how people have used AAA or tucker? Im baffled. Someone remember the requirements.?

I think I did ok overall. Good to know am not the only one who was really struggling with the letter, felt like I was regurgitating a lot already stated in that essay of a scenario we have to read. Might as well have written, “Hey shareholders, we love you and always will, yours truly, Sarah Moor”

Time keeping is so difficult, I actually tried being as strict as possible to dedicate 1.8 minutes per mark, sadly my hand has a mind of its own and just kept on writing when I needed to move on to the next bit. Only had half an hour to do Q4, really didn’t write as much as I needed to 🙁

Question 3 risk management 8 marks I described the Tara framework. Anyone else? Wondering if I’m barking up the wrong tree!

Also to people who did question 3 what were the environmental concerns in the first part and what did you write about integrated reporting? Have no idea how to get the 8 marks for that part.

Question 2 people are saying they wrote what comprises good info but the question said explain how good info is useful…..so I didn’t so much write about the qualities….maybe I’ve mistook the question….didn’t have that much to write!

Similar thoughts on question 1….letter question terrible…had nothing much more to say ran short on time and who knows how well I’ve done.

Also only just realised that I did not tick the boxes on the front of the exam paper to say which questions I have attempted is this a problem?!

Good to hear you used the same framework!
I thought I got the 6 capitals correct until I came out and saw I got two wrong…don’t know what happened to my brain in the exam!!
I’m hopeful that maybe I have scraped through but very uncertain. Ambiguous questions throughout and didn’t like topic ranges too much either.

Good luck to you and everyone else

Hi uzair52,

For the first part of question 3 a, what did you write regarding sources of environmental risk that they would discover during the risk assessment?

Regarding risk management framework, I used COSO framework but not sure if this is the correct one.

Hi sahir,

Regarding q 3 a what did you write regarding sources of environmental risk that they will discover during assessment? I was a bit confused regarding that part.

I mainly describe how their activities pose environmental risk.

For example, I wrote extracting oil , a non-renewable resource, would contribute to it being depleted as it can not be replaced.

I also wrote that through processing of oil, environmental footprint and risk that arises include carbon being emitted.

Another point I wrote is that environmental risk also includes impact of the environment on the firm such as adverse weather conditions,earthquakes and so on damaging oil rigs leading to a possible explosion.

Regarding ways to mitigate impact, I mentioned developing more robust oil rigs so that it will be able to withstand strong waves and not explode as was the case with BP.

I also wrote that they should install carbon capture system and spill containment.

But I am not sure whether these were points that examiners were looking for.