*** ACCA P1 December 2017 Exam was.. Instant Poll and comments ***

Section b was an absolute disaster

September paper was classified as relatively more straightforward paper than usual. A testament to this was the pass rate of 53% which by many standards was above normal. Hence, we were expecting a tougher paper for December.

Did not enjoy this paper at all. Not a disaster, but I do doubt I will have passed

Soo. I kinda hated this exam. With the exception of q2 the questions seemed super dry and boring. I thought the 50 marker tended to blend in multiple areas of the syllabus but it felt like the examiner was just like: “BOARD COMMITTEES” and that was it. Also, did anyone else feel like their answer in Q1 part d was just repeating parts b & c? That terrified me. I mean part b was benefits on improving the remuneration package and part c was benefits of extending the nominations committee’s criteria…then part of d asked us to tell shareholders how we were fixing the pay/performance correlation and how looking outside the industry for NEDs would help….how was that different from the benefits of the 2 previous parts? T_T

And of course time ran out..I just hope I do ok.

Yup.. I also found my points being repetitive… crossed check the question again but nope… the question was basically turning around the remuneration package itself…. And attracting those from not only specifically in the industry of O&G…

Thats what i used to answer that question coso framework dont know if its right tho

Yes Question 3 was COSO framework, but I found so hard to apply this to the case study as it did not have enough details and information.
Not sure I will score well but hey ho I have tried my best

Guys, I must be silly by asking this question but what did the examiner mean by briefing the key player did he refer to recruitment or induction. I just could not figure it out, and just made best guess how the company should recruit ie use open advertisement etc. Can someone advise on what the examiner meant by briefing?

I think the paper was not that hard but the wordings were extremely tricky.

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@jennyferz said:
Attempted 65-70%….preparing for a resit mar18?

count me in 🙂 time pressure and poor exam techniques.

do you by any chance know what the examiner meant by the briefing word in question one?

Quoted *

@lukman94 said:
I was confused as to what the examiner meant by briefing. However, having read the question again I was able to pick up that he used the word “briefing” when talking about the nomination committee. It was something along the lines of only recruiting the best candidates from quotated companies. The question basically asked you to say why this method was not reliable and also suggest what could be done instead.

I hope this helps

Thank you very much for your reply, as this can give me some relief and would be able to sleep today, and that what exactly I understood too, and instead recruiting from the same industry, they should follow formal and regulate recruitment processes such as the use of consultant help and open advertisement etc. I hope I am correct as this has puzzled me in the exam and hopefully will turn a marginal fail into a marginal pass.