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

Forums › ACCA Forums › General ACCA Forums › *** ACCA P1 March 2017 Exam was.. Instant Poll and comments ***

  • This topic has 88 replies, 40 voices, and was last updated 8 years ago by Elena.
Viewing 25 posts - 1 through 25 (of 89 total)
1 2 3 4 →
  • Author
    Posts
  • March 8, 2017 at 11:00 am #376537
    opentuition_team
    Keymaster
    • Topics: 1415
    • Replies: 1407
    • ☆☆☆☆☆

    Please vote in our Instant Polls about the ACCA P1 March 2017 Exam



    Post your comments about the ACCA P1 exam below (comments will be opened after 5pm UK)

    March 8, 2017 at 4:55 pm #376637
    alicealiceli
    Participant
    • Topics: 0
    • Replies: 1
    • ☆

    Time stress

    March 8, 2017 at 5:08 pm #376646
    vinaynaidun
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    Yes for me too I could not answer one 25 question 🙁

    March 8, 2017 at 5:14 pm #376650
    vebem
    Member
    • Topics: 4
    • Replies: 31
    • ☆

    does anybody remember question 4 about risk in speed rail net? it seems i answered only point a, can’t remember other points b, c etc…

    March 8, 2017 at 5:23 pm #376659
    Thomas
    Member
    • Topics: 0
    • Replies: 6
    • ☆

    Exam felt quite fair, although there was a strong focus on risk across the questions, and less so on ethics (I picked Q’s 3 +4).

    Managed to complete all the questions – but did find myself constantly checking my time to do so!

    Feeling quite good about it so will have to wait and see now!

    March 8, 2017 at 5:25 pm #376660
    aivi
    Member
    • Topics: 1
    • Replies: 5
    • ☆

    Hi Everyone,
    I choose Q 2 and 3
    I have just realised that I possibly not answer what was asked
    very dissapointed

    March 8, 2017 at 5:26 pm #376662
    aivi
    Member
    • Topics: 1
    • Replies: 5
    • ☆

    I feel as it was more about internal control and audit
    also ethics was in q 2

    March 8, 2017 at 5:27 pm #376663
    faronaldolegend
    Member
    • Topics: 0
    • Replies: 27
    • ☆

    Starting with section B was a bad idea. I was under too much time pressure for section A but I made sure to do part D first as it had the most marks then I done the part with the next most marks and wrote very little for the 6 or 8 makes questions that remained after that.

    March 8, 2017 at 5:30 pm #376666
    aivi
    Member
    • Topics: 1
    • Replies: 5
    • ☆

    Q2 I wrote about ethical decision making instead as asked about ethical behaviour 🙁

    March 8, 2017 at 5:30 pm #376667
    faronaldolegend
    Member
    • Topics: 0
    • Replies: 27
    • ☆

    My fellow Question 2ers what did you write for ethical roles and responsibility of auditors/accountants and their influence.

    I took it as meaning Integrity, Objectivity, Confidentiality, Competence and Professional Behaviour.

    March 8, 2017 at 5:33 pm #376668
    faizi95
    Participant
    • Topics: 12
    • Replies: 36
    • ☆

    Yes this is right

    March 8, 2017 at 5:34 pm #376671
    faizi95
    Participant
    • Topics: 12
    • Replies: 36
    • ☆

    In Q2 i think he was asking about ethical threats to independence which more related to professional Code of Ethics

    March 8, 2017 at 5:36 pm #376674
    faizi95
    Participant
    • Topics: 12
    • Replies: 36
    • ☆

    Q2 overall was related to application of Professional Code of Ethics i think not Ethical Decision Making… Does anyone agree

    March 8, 2017 at 5:37 pm #376676
    aivi
    Member
    • Topics: 1
    • Replies: 5
    • ☆

    yes , i thing also Corporate code of ethics

    March 8, 2017 at 5:41 pm #376681
    faizi95
    Participant
    • Topics: 12
    • Replies: 36
    • ☆

    What about Q4 the first part was about embedding risk ….but i found b part to be difficult i identified risks properly and explained with reference to context but ALARP part was difficult i only wrote one part creating linkage to question other wise wrote general… i hope i atleast half marks for what i wrote ….

    March 8, 2017 at 5:41 pm #376682
    faronaldolegend
    Member
    • Topics: 0
    • Replies: 27
    • ☆

    Yeah it was surely the code of ethics.

    And independence threats Self Review, Self Interest, etc.

    Then there was a question on ethical safeguards which was okay.

    Q2 was by far the easiest on the paper.

    March 8, 2017 at 5:43 pm #376684
    faizi95
    Participant
    • Topics: 12
    • Replies: 36
    • ☆

    In Q4 i used TARA model in part C …did anyone used it as well for managing Business and financial risk.

    March 8, 2017 at 5:45 pm #376685
    faronaldolegend
    Member
    • Topics: 0
    • Replies: 27
    • ☆

    @faizi95 said:
    What about Q4 the first part was about embedding risk ….but i found b part to be difficult i identified risks properly and explained with reference to context but ALARP part was difficult i only wrote one part creating linkage to question other wise wrote general… i hope i atleast half marks for what i wrote ….

    Yeah there were a few Risks (Reputation, Health and safety, etc) and you were right to discuss them in context. For ALARP I gave a brief definition and then said that they could reduce a few risks using it. I.e. they could reduce health and safety risk down to a lower probability by keeping up to date with weather forecasts and making sure no journeys take place when the weather is forecast to be that bad.

    March 8, 2017 at 5:46 pm #376687
    faronaldolegend
    Member
    • Topics: 0
    • Replies: 27
    • ☆

    @faizi95 said:
    In Q4 i used TARA model in part C …did anyone used it as well for managing Business and financial risk.

    I think it all related to this technical article a lot of the question did https://www.accaglobal.com/ie/en/student/exam-support-resources/professional-exams-study-resources/p1/technical-articles/coso-enterprise-risk-management-framework-part-1.html

    March 8, 2017 at 5:48 pm #376688
    faizi95
    Participant
    • Topics: 12
    • Replies: 36
    • ☆

    i guess i have written almost same as you … but at end i lost the track but feels good to hear wasnt that bad …that im thinking

    March 8, 2017 at 5:50 pm #376690
    faizi95
    Participant
    • Topics: 12
    • Replies: 36
    • ☆

    i thought about COSO 8 stage model but they were only 5marks which was very less for this model to be applied he said how they managed Business and Financial risk so associated with the TARA framework giving definitions of risks as well at the end.

    March 8, 2017 at 5:57 pm #376700
    ydicheva
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    Did anyone else think Question 2 was more like an F8 question? I felt you could answer the majority of it with F8 knowledge and frameworks?

    March 8, 2017 at 5:58 pm #376701
    faizi95
    Participant
    • Topics: 12
    • Replies: 36
    • ☆

    Yes you could

    March 8, 2017 at 5:58 pm #376702
    aivi
    Member
    • Topics: 1
    • Replies: 5
    • ☆

    I think they were asking about safeguards in entity and safeguards individualy

    March 8, 2017 at 6:00 pm #376703
    faizi95
    Participant
    • Topics: 12
    • Replies: 36
    • ☆

    i think focus was more on Individual on Audit partner

  • Author
    Posts
Viewing 25 posts - 1 through 25 (of 89 total)
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  • The topic ‘*** ACCA P1 March 2017 Exam was.. Instant Poll and comments ***’ is closed to new replies.

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