BPP LSBF Kaplan Exam tips June 2014

ACCA P1 June 2014 Exam tips

kaplan
• Corporate governance critique and improvements.

• Effective internal control systems, reporting within differing jurisdictions.

• Influence of and intervention by institutional investors.

• Function and importance of internal audit.

• Risk definition, analysis of risk and the role of board of directors.

• Risk correlation and strategies for management of such risks.

• Kohlberg’s human moral development theory.

• Ethical standpoints and their application to business decisions.

LSBF

P1

• Role of chairman.

• Induction/performance appraisal. • Institutional investors.

• AGM/proxy voting.

• Global standards.

• Failure in internal control.

• Auditor conflict.

• Risk committees.

• Risk audit.

• Absolutism and relativism.

• Kohlbergs model.

Open

Q1 5 part 50 mark question touching on risk, ethics, environment, internal controls with 16 – 18 marks for drafting a report / briefing notes / press release / magazine article

Q2 Corporate governance with internal auditors and internal controls. Risk management committee, mitigation (according to a recent SA article, risk
management and a sound system of internal control are “inextricably intertwined”)

Q3 Sub-committees under corporate governance, their roles, functions, objectives, make up

Q4 Kohlberg and attitudes to ethics compared with Gray, Owen and Adams and their 7 sub-categories

OR! Accountancy as a profession

OR! Deontology and teleology

First institution

P1
• 50-mark scenario question, to include: ethics, AAA model, rules vs. principles governance, also corporate social responsibility.
• Optional questions to include: importance of internal controls, NEDs and remuneration committee and structure of directors remuneration, business risks, Gray Owens and Adams.