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

@nulais said:
I think it says the steps Andy should’ve taken.
I also doubt either AAA or Tucker Models

I hope you are right as I knew both models inside out but it didn’t even occur to me to apply them here. Question should have said using tucker model or AAA describe thought process. In reality someone doesn’t need a model to make a decision.

@nulais said:
That’s the key! (Question should’ve said using either model)
In order to manage time, one doesn’t do everything in an exam,especially if the examiner isn’t specific.

Yeah, I pretty sure that question was about steps for ethical conflict resolution so the steps followed are about referring to facts, establishing ethical issues, refer to fundamental principles, establishing internal procedures, identity alternative actions, speak with appropriate person in firm, advice from Acca and then finally withdrawing from engagement.

I just feel the question ask the same things and i feel like i’ writing the same answer…so requirements that i didn’t know what the examiner want!

@fluffyduck279 said:
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?!

Same for me, but i’ve mentioned also necessity to perform risk prioritization (same to Mendelow matrix) through matrix with two axes probability/impact.

Keep faith dear, forget about P1 and concentrate on F9. I also attempted P1 and absolutely agree with the points you mentioned. A complete disaster.

But it’s over now. I attempted F6 today. Good luck for tomorrow.

I think it was on writing a letter to explain the shareholders the importance of Corporate Governance in the case of the pharmaceutical company, or something like that

@vipulv said:
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.?

Question 4c. Asked something like Recommend an approach that would have helped Andy make an ethical decision?

When I saw it, I immediately thought AAA. But when I saw the mark allocation was just 5 marks, it felt odd for the examiner to ask us to apply a 7 step model for just 5 marks. Then I thought Tucker, but then despite the 5 stpes going with the mark allocation, it didn’t really fit the scenrio at all.

I just felt Kohlberg’s 4 steps were a better fit mark and time wise.
i.e recognise the ethical issue, establish a moral intent, make a moral judgment and then act in moral way.

They are both basically the same, but Kohlberg’s is more condensed. I hope there should be same marks available for both.

General question : which is easier p1 or p3? As in which one can we study quickly ? Is p3 a little more conceptual than p1?

@crystaltiyga said:
Did anyone have a good time with this paper?

I found so much of it ambiguous, I’m not holding my breath. So frustrating… at least I seem to have had the same issues as many others.

I’ve done a 3 minutes before very end with probation of each part of each question. In september i’ve got p3, so those experience a really helpfull. As i see, p1 a much easier papper than p3. But it’ no guarantee for good result, since i had no time for propper preparation :/

I think i did great with Q1, though i spent a lot of time on it almost 2 hours and shares the rest 1hr 15mins on question 2 and 4. I didnt struggle with the letter, even though my letter basically states hey shareholders, we love you, we need your money for our capital and we look forward to enjoying your loyal support…… i was almost tempted to offer them dividends. so basically you slowly sneak in the new product range coming up and its potentials for shareholders, thats reason enough not to sell. i also went into Q2; Krank’s ponzi scheme and how the firm had no internal control to monitor changes in risk attitudes of fund managers or close monitoring by their supervisors or having an internal compliance team or even a client feedback system, plus both receiving cash and making pay out back to customers seemed to rest in Krank’s hand… so no clear separation of rolls. then i gently glided over Q3, then decribed relativism and how frank taking another route to earn profit failed to meet the major outcome for shareholders and proceeded to Q4, i had 15 mins left then so i talked about familiarity and intimidation… my brain only identified self interest threat after the exam…. (why me?), i equally though 4a & b required similar answers (weird) and finally i dont see the need for tucker or AAA in 4c, simply put he should have sought legal advice, from his accounting body, or in extreme cases quit and whistle blow.

@tobidmob2 said:
Guys,

I wrongly labelled ticked that I answered question 3 instead of question 4. I also shaded question 3 instead of 4 on the exam paper.

What can i do? Has this happened to anyone else here?

If it makes you feel any better , I ran out of time in a previous exam and didn’t shade the question numbers or put the question numbers on the outside. I still got my result so I don’t think they are that harsh but if you are worried, you can call the ACCA office.

Hi Did anyone pass here?