*** P1 June 2011 Exam was … Post your comments here and vote in Instant Poll ***

it says “please” write in black, i wrote the front page in black but did the answers in blue. its a simple error, wouldnt be too worried. id say half the students wrote in blue and im fairly sure i wrote in blue before.

overall an ok exam, time pressure really, after an hour and half, just get off q1. q2 was ok, q4 a bit dodgy in b & c. had one look at q3 – no thanks. coulda been a lot worse. its over now anyway – P3 on wed 🙁

the paper was general all d way.all the stuff was given in the scenario.regarding kohlberg i stated ceo pre kathy con and vim post.i dunno i m right?

@liverpool05 said:
I put CEO pre, kathy & accountant conv. I said the whistleblower would have been post. Even though I thought they may have kathy as post (one each) my reasoning was that she let the production of a faulty fuel tank go ahead. The question did not say CEO made that decision. Not sure if it’s right!

For a) did any1 use the committies as internal controls?

Also was the letter from the CEO? What things did everyone write for (i) his actios

thought they asked finance director ? not whistleblower?

i said set up audit committee as the safety testing reporting line is to Board
not independent? not sure acceptable

@richieoctober, thanks, just hope that they dont mark it down because i think i wrote enough to pass, eventhough my hand is now dead!! P3 for me on wednesday aswell….WILL be writing in black this time!

For Kohlberg i did CEO and FD both pre because they were both acting out of their own self interests and had no moral code and kathy as con.

Two extra- wow you can write fast!’

I explained the levels as well so should pick up marks there. I used the whisleblower just as an example of level 3.

Hopefully passed, though I didn’t finish one booklet so hopefully wrote enough. Most of the questions seemed ok. Hoping for 50+

P3 Wed

Also did people write about NEDs as a control in 1a?

i think CEO – Post – Conventional (because of his thoughts about the shareholders wealth) where the scenario said about the decision taken there was for the board NOT HIM.
Kathy – Conventional (somewhere at the last line of her paragraphs was to comply with the laws and regulations)
Vin – Pre-Conventional (because of his reward on the bonus scheme)

i think ceo – pre because he don’t think about any social issues only bonus, shareholders wealth. In this case accident will continue
vin – conv. cuz he understand legal issues like ‘law and order’. To make repayments or recall but he don’t understand any CSR issue
kathy – post, cuz she think about reputatuion and CSR for safety.

the paper is said to be okay, it is all about ethics and internal control. One other thing i have notice is that the examiner are taking us to the basic. Meaning we should always try to refresh some related issues from our past studies, example, asking for the difference between AGM’s and EGM’s.
I think the whole paper is really application of what we have been taught and the use of common sense.

I think the CEO was @ post conventional because he was imposing his view that there shudnt be disclosure—can link to to pristine capitalist to understand…

Firstly, good luck to everyone…it was quite a manageable paper in my opinion and I am looking for the magical 50!

In regards to the Kohlberg question, my answer was:

CEO – Level 1 Stage 2, as his actions were based primarily on not upsetting the shareholders (ie, not paying out huge amounts to customers hence being able to pay dividends) and to maintain a good reputation. You can argue that he has done this to reinforce his credentials as a CEO.

Kathy Yao – Level 3 Stage 5, as she has suggested that they re-call the cars, showing an ethical stance based on basic values. I did not think this is worth a level 3 stage 6 as her actions didnt seem strong enough to merit this. On the subject of the board deciding to carry on production of the cars despite the flaw in the tank, I argued that she may have raised this issue and tryed to stop production, but the board may have overruled her (as this was not clearly presented in the text).

Vim – Could be either Level 1 Stage 2 – to keep the CEO happy and recommend the more beneficial option or indeed Level 2 Stage 1 – to support the beliefs of his fellow board members and agree to the compensation package.

Again, good luck everyone!

does any1 confirm me in word ACCA ,first A stands 4??? is it Associate or Assosiation, what is used in our degree

plz tell me immeditely

Association

What are the 5 ethical threats please?