ACCA Paper P1 Mnemonics Lounge

This topic has 130 replies, 101 voices, and was last updated 7 years ago by am254.

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June 9, 2012 at 8:11 pm #81140
jaypatel
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- Topics: 5
- Replies: 22
I use PERLS for Tucker
Profitable
Equitable
Right
Legal
Sustainable
June 9, 2012 at 8:12 pm #81141
jaypatel
Member
- Topics: 5
- Replies: 22
Oh and as a risk framework ALARM
Appetite
List (risk register)
Assess (TARA)
Response
Monitor
June 14, 2012 at 5:13 pm #81142
Anonymous
Inactive
- Topics: 0
- Replies: 2
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
June 15, 2012 at 10:15 pm #81143
dadupe
Member
- Topics: 0
- Replies: 1
I use PEaRLS for TUCKER
Profit
EquitAble
Right
Legal
Sustainable
Thanks for all the mnemonicssss
June 16, 2012 at 9:15 pm #81144
Anonymous
Inactive
- Topics: 0
- Replies: 10
Andy, Grey and Owen- COSSSFC
C: Capitalist (pristine)-
O: Opportunist-
S: Social contractor-
S: Social Ecologists-
S: Socialists-
F: Feminists-
C: Committed Ecologists
June 16, 2012 at 9:19 pm #81145
Anonymous
Inactive
- Topics: 0
- Replies: 10
FRS P/L for TUCKER
• Fair
• Right
• Sustainable
• Profitable
• Legal
June 16, 2012 at 9:36 pm #81146
Anonymous
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- Topics: 0
- Replies: 10
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
June 18, 2012 at 11:14 pm #81147
Ashfak
Member
- Topics: 3
- Replies: 11
@ AleesIsmail, you can add approve Chairman’s expense too since the Chairman is the most senior person, some committee needs to approve his expenses.
July 10, 2012 at 9:16 am #81148
Anonymous
Inactive
- Topics: 0
- Replies: 1
Very useful
July 31, 2012 at 1:27 pm #81149
Anonymous
Inactive
- Topics: 0
- Replies: 3
brilliant thanks
August 25, 2012 at 8:39 am #81152
Anonymous
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- Replies: 1
Just starting my preparation for P1 and find this so interesting…thanks guys for the thought
December 11, 2012 at 4:01 am #81153
vacamas2002
Member
- Topics: 25
- Replies: 41
This is very helpful.
Anyone got anymore of these?
Thanks
December 11, 2012 at 8:17 pm #81154
Anonymous
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- Topics: 0
- Replies: 2
Thank you all for sharing these valuable Mnemonics! Although it’s more an acronym than a mnemonic, I would add also:
Risk Principle ALARP (As Low As Reasonably Practicable)
December 11, 2012 at 8:56 pm #81155
Anonymous
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- Topics: 0
- Replies: 15
Thank you so much for sharing.
March 25, 2013 at 4:01 pm #120572
Anonymous
Inactive
- Topics: 0
- Replies: 6
good input indeed….guys keep it up
April 16, 2013 at 6:23 pm #122656
Anonymous
Inactive
- Topics: 1
- Replies: 5
this is great. life made simple
May 15, 2013 at 6:39 pm #125599
monet
Member
- Topics: 7
- Replies: 12
Thankyou very much for all of these mnemonics for hopefully I shall get them into my head & remember them!
May 17, 2013 at 11:16 am #125788
killiansibata
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- Topics: 0
- Replies: 2
General Guide to some risks:
FROP LIFE
Financial risk
Repeutation risk
Operational risk
Product risk
Legal & political risk
Information technology risk
Entrepreneurial risk or economic risk
Fraud risk
June 2, 2013 at 5:09 am #128192
Anonymous
Inactive
- Topics: 0
- Replies: 6
Good works!
June 8, 2013 at 12:49 am #130598
danielle0320
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- Topics: 2
- Replies: 3
Thanks!!
August 21, 2013 at 2:50 am #138749
pfortune
Member
- Topics: 4
- Replies: 16
What does the letters in the mnemonic COMPARE which is used to identify specific audit risk refer to?
August 30, 2013 at 3:21 pm #139346
tandi
Member
- Topics: 3
- Replies: 32
This is so cool 😀 Thank you.
August 31, 2013 at 8:57 am #139373
ladyjudge
Member
- Topics: 7
- Replies: 6
Loved it,thanks
October 6, 2013 at 5:16 pm #142165
rameshdeo
Member
- Topics: 1
- Replies: 7
Super cool stuffs..Very easy to remember guys.
Thank you.
October 20, 2013 at 8:33 pm #143249
Matseliso
Participant
- Topics: 0
- Replies: 5
Nice….
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