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Hi,
i am confused about how o give preference to the topics in the book. I have heard that CG is not important at all to be examined in f8 exam? is this true? and please guide me how to prepare if i study from the most important to the least important topics of syllabus..
THankyouI’m not sure where that information about CG came from. Have a look at Q3 of the ACCA pilot paper available on their web-site. Audit committees, for example, are in the Combined Code of CG.
I don’t think it’s really possible to rank topics by importance, but if you’re short of time, you could start by studying the topics in the exam tips. They are not guaranteed to come up, of course, but would allow you to at least concentrate on a few areas.
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Dear do not confuse from the topic..it’s easy and not in details in f8 paper.this topic is in detail in p1 paper professional accountant and is very important.from my experience and knowledge u hv just concentrate from f8 point of view on structure of corporate governance.
Definition:
coporate governance is a system thriugh which copmany is operated and controlled.
In definition operate and control word is very much important.so u know who r operate and control the company.Really DIrectors and they are appointed by shareholders and directors are not the owners,shareholders are the owners,whom directors are the accountable and gives fiduciary duty to them.this is very detailed in p1 book .
so coporate governance is a framework ,which tells and describes the fair treatment of shareholders,rights, and stakeholder disclosures.Obviously stakeholder also very much important for company beacuse they have intrest in the company some way.
U just for f8 in mind about 5 point given in grid form in ftc book.Try this mnemonic: SCI FIC’N (Science Fiction!)
Shareholder contact, Chairman and CEO different people, Internal Audit Department, Financial Experience for at least one NED, Internal Control System is good, Committees – Audit, Remuneration, etc, Non-executive directors.
This way you’ll remember seven requirements for an entity to meet corporate governance. 🙂
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