General ACCAACCA Paper P1 Mnemonics Lounge

great stuff guys...thanks all of you..

awesome~ very useful for remember

Very useful THANKS!

Thanks very much helps summarise some of topics that have read and makes it easier to remember very good idea.

Thank you very much for sharing such awesome mnemonics... It easier to rmb all the terms...

Thank you, easy to remember :)

Cool

Clarissa Whistle-Blower - the role of the audit committee

Create an atmosphere of discipline and control
Lend an air of credibility to the financial statements
Assist the CFO by providing a forum
Review the financial statements to see if presentation could be any clearer
Independent attitude brought to their office
Strengthen the role of the internal auditor
Strengthen the role of the external auditor
Assist in dispute resolution between execs and external auditors

Clarissa's maiden name was Whistle and she married a guy called Blower so she's now Clarissa Whistle-Blower - and she lends an ear to any of the company's employees who want to blow the whistle on company activities

Airdrie or (H)airdrie(r) Ideally, the "a" and the "i" would be reversed to be iardrie but iardrie is not the name of a town in Scotland whereas Airdrie is.

And Airdrie is the mnemonic for the work of internal auditors and / or the risk committee

Analyse
Identify
Report
Design
Recommend
Implement
Evaluate

Thanks very useful

Thanks for sharing....

thanks :)

internal controls

SPAM SOAP

guess its easier

To remember Gray, Owen and Adams in order:

Pristine capitalist
Expedients
Social contract
Social ecologist
Socialist
Radical feminist
Deep ecologist

Pretty Easy Shedules Stop Silly Random Deadlines

(also remember that the three 'socials' are in alphabetical order)

Hi,

Can somebody send me BPP mock for P1 and QBD for both BPP & Kaplin my e-mail address is [email protected]

Quality/ characteristic of good information ACCURATE
Accurate
Complete
Cost beneficial
User targeted
Relevant
authoritative
Timely
Easy to use

Corporate code of Ethics SPICES S

Social
Position
Implementation
Customer relations
Employees
Suppliers
Shareholders

Turbull ethic decision making question:

Please Look For Red Shoes :)
Profit ?
Legal ?
Fair?
Right?
Sustainable or environmentally?

Hi,
dragon76, I think you meant Tucker rather than Turbull?

I use PERLS for Tucker

Profitable
Equitable
Right
Legal
Sustainable

Oh and as a risk framework ALARM

Appetite
List (risk register)
Assess (TARA)
Response
Monitor

To remember Grey Owens & Adams-Seven position on Social Responsibility:

Please Eat Salad Soup Sandwitch Regularly Dad

P= Pristine Capitalist
E= Expedients
S= Social contracts
S= Social ecologists
S= Socialist
R= Regular feminists
Deep Ecologist

I use PEaRLS for TUCKER
Profit
EquitAble
Right
Legal
Sustainable

Thanks for all the mnemonicssss

Andy, Grey and Owen- COSSSFC
C: Capitalist (pristine)-
O: Opportunist-
S: Social contractor-
S: Social Ecologists-
S: Socialists-
F: Feminists-
C: Committed Ecologists

FRS P/L for TUCKER
• Fair
• Right
• Sustainable
• Profitable
• Legal

Not a mnemonic though, still helpful
Roles Of remuneration committee
• Establish general remuneration policy
• Decide on individual director’s pay scale
• Ensure compliance with laws and best practices
• Determine disclosures regarding remunerations

@ AleesIsmail, you can add approve Chairman's expense too since the Chairman is the most senior person, some committee needs to approve his expenses.

Very useful

brilliant thanks

Just starting my preparation for P1 and find this so interesting...thanks guys for the thought