General ACCAJune 10 Exams: Paper P1 was …. Post your comments here

fair paper. It is more like a F8 question for Q4. hope i do not need to resit it. Pray!

i not confidence with it inadequate time ...what answers do u all put

I have studied full time for six months. Really went through every single thing I needed to know but when it came to the exam today I did manage to answer the questions but was not sure what they were expecting to get as the correct answer. Questions not easy to figure out! Disaster I am really sick!

The questions seems easier, I don't know whether I misunderstood what examiner want us to answer.

Same here.The paper was pretty fair but the examiner was a bit picky as a small percentage of the sysllabus was examined.I do hope to get enough mark to pass the exam.

i am not sure what it asked about how to construct an ethical argument mean. it is only 5 marks. I just used the tucker 5 ? for it. maybe i am wrong.. But whatever.. Just hope i can get 50.

I think the paper was a fair one too. Agree with kylefran that Q4 was more like a F8 question.

Some parts of the questions are a gift. For eg, question 4b. It's simply memorize and print stuff!

agreed that was a fair paper but i was confused in Q1 part a "what was the voluntary and involuntary stakeholder" i just answer involuntary are those who are mandatory to consider

i am not sure how i did.??? i actually just glance through book and manage to attempt all required answer on base of general knowledge i am not sure was there any reference to book was required..?? or just professional judgement...???

@kylefran said:
fair paper. It is more like a F8 question for Q4. hope i do not need to resit it. Pray!

@kylefran said:
fair paper. It is more like a F8 question for Q4. hope i do not need to resit it. Pray!

@ahmedwakeel said:
agreed that was a fair paper but i was confused in Q1 part a "what was the voluntary and involuntary stakeholder" i just answer involuntary are those who are mandatory to consider

The 5o marker was soooo long OMG ! it was horrible.

Voluntary i wrote that they have a choice to be stakeholders or not e.g. employees can look for another job & involuntary i wrote things like the colony of seals - they are an involuntary stakeholder coz they have no choice and cannot move from the area.
What you said crossed my mind and i wasted a lot of time thinking about what to write !!

Did anyone manage to finish this impossibly long paper ??

@kylefran said:
i am not sure what it asked about how to construct an ethical argument mean. it is only 5 marks. I just used the tucker 5 ? for it. maybe i am wrong.. But whatever.. Just hope i can get 50.

Which question was that again lol !? - i am so stressed from that exam i cant remember a thing !

Question 4 - last part. I used the AAA framework to help Mr Shreen decide on a course of action. I am worried coz the question said 'discuss' and 'advise'.

Did anyone else answer question 4 ? The AAA model was just perfect for that scenario but im not sure thats what the examiner wanted ?? Help anyone ??

I think my paper went really well, but I am so gutted about the time management. I didn't answer properly Part D of Question 1, although I had good points for that question. I think that Section A was not difficult at all. The answers of Part A & Part B were in the scenario. As far as Part C is concerned, can anybody tell me that what who was the agent of the nuclear plant? Was it that trade union company. Anyways, I wrote all the duties, objectives of agents. I think I should get atleast half marks in that part. In Section B, I attempted Q.2 and Q.3, and those two questions took alot of my time. I think I answered them fairly well, especially Q.3, which was about Internal Control. Internal Audit & Principles-Based approach. I am optimistic about my chances of passing this paper, but you never know what happens. In F9, I left about 20 marks and I was expecting 35% maximum, and I was really shocked to see that I got 56% in that. Really shocked....You just never know with these papers. Anything can happen. Even if you think you haven't done well, you may still pass. Good Luck everybody!!!

@emmanuel_taf said:
Did anyone manage to finish this impossibly long paper ??

Took words right out of my mouth mate.

A Fair paper. I just hope the markers are not too picky :) . Time was tight and that caused some problem but I think I covered around 85% of the questions so fingers crossed for over 50%.

One thing for sure my shoulder is hurting from gripping my pen (gel ink) for 3 hours.

Answering Q1 took a long time, I only had an hour left for the other two.
A fair paper - will wait and see until August, not prepared to say definite pass or definte fail. I honestly did not think I was going to finish a third question but kept writing all the way to the end. When time pressured like that you worry if you interpreted the questions correctly - I know my punctuation deserted me in the last 15 minutes!

What the format of statement?

to/ from/date/subject come in statement?

think the agent was the board of directors and they had a duty to the government who was the princple....thats what i went with anyhow.

Question 2 was an absolute gift I felt, if you knew anything about the remuneration committee, reward systems and a bit of ethics you were away!

I also did question 3 and about half way through it decided I should have done question 4....had to stick to the decision though!

Got the exam finished but with literally not a second to spare

@emmanuel_taf said:
Question 4 - last part. I used the AAA framework to help Mr Shreen decide on a course of action. I am worried coz the question said 'discuss' and 'advise'.

Did anyone else answer question 4 ? The AAA model was just perfect for that scenario but im not sure thats what the examiner wanted ?? Help anyone ??

The AAA model was examined in Dec'09 P1 exam. So i guess that in June'10 exam the examiner wanted some other model. Kohlberg theory for question 4 was very convinient.
However as i Know there is no only one answer for P1 questions. If the answer is logical and correct, so it is possible to have high marks.

I also selected question 4, however i managed my time nor very well, so i didn't qomplete the question 4. However the questions 1 and 2 were answered by me in full. I hope so.

Generally i hope that i can receive 50 marks or some more.

how did anyone answer question three? really regret not doing question 2 now .

i just answered the paper in general sence. I didn't mention which part of ethical theory was based on the decesion etc
I just want to get 50 .This is one paper which i definety don't want to study again.

Didn't really apply many models throughout the exam so hope that wont put me at a disadvantage.

However, I found it relatively easy to apply all of the scenario's to the questions asked.

Did question 1,2 & 4 as it seems a lot of others have. Question 3 was a real F8 question I thought. Forget that!

Oh, just a word of thanks to Open Tuition for their tips. You recommended the Aug 2009 Article on Internal & External Actors in Governance. Read it last night and a question came up today on Trade Unions which I wouldn't have been prepared for otherwise!!

Thanks Again!

@ Damien,

I thought question 3 was pretty straight-forward. Part A was basically about explaining rules-based approach and priniciples-based approach, and advantages of principles-based approach. In part 2, we had to talk about the benefits of internal controls and how the lack of monitoring of the controls decreases their effectiveness and efficiency. And part 3 was about internal audit testing on controls and the roles of internal audit function regarding internal controls. I prepared these topics well, and that's why I didn't find much difficulty in this question. But it was lengthy. It took me one hour to answer this question. Cheers mate!

I also used AAA model to answer question 4. Question 1 was too long and i did it last. I hope for 50%

I chose Q4, not much time left for this question. And of course didn't think of AAA for (b)...probably you are right. I just answered with own words, at least you have theoryto support, and apply the knowledge to the case!!

this is very important ... please do tell who did you classify as the VOLUNTARY AND INVOLUNTARY stakeholders? specially the 3 INVOLUNTARY stakeholders and their clams?

hi
i did Q3 & Q2. I found Q3 part b & c a bit hard.
for part B i wrote about the objectives in internal control eg safeguading of assets, accurate info etc.
for part C i wrote about COSO;s internal control systems (crime).
Did anyone else write something similar.

1. Pressure Group : Claim - > ensure proper risk assessment and no radioactive leakage as happend before in 1970s to save rear seals
2. Government of Beeland : Claim : clossure and decommisioned of HN
3: Government of Ceeland : Claim : Same

make sure involuntary stakeholders are those involved involuntarily means as Nuclear plant have some negative affect on Govt of Beeland and pressure group . if their is no HN nuclear thing means no pressure group ( NNN )
and voluntary means : employess who choose the org as per choice

hope now voluntary or involantary stakeholders r clear to u fellows