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

Dear Sirs/Madams

Would you like to tell me what application of three Kohlberg levels. What are the difference between level 1, level 2 and level 3?

Do all directors have social contract which show their responsibilities and their election period (usually 3 years) with company? If yes, is directors as social contract position?

Besides, does deep ecologist promote environmental issue in their position?

Your guidance is greatly appreciated. My e-mail address is honmeikc@yahoo.com.hk

Best Regards

Hon Mei Kuen

… not sure about the paper. It didn’t seem 2 b too difficult, not straightforward either though. As per my previous experience you never kow what the eximiner wants to hear. I chose questions 1,3,4. 1a seemed to me the most confusing – “explore the problems surrounding fuel tank produce and internal control measures. I read the q a few times, it wasn’t clear 2 me…
…re: Kohlberg, I don’t think there was any post-conventional moral reasoning. Kathy only sugested what was expected by a society and considered both options. If she was post-conventional, she would go for an ethical option and didn’t agree with the manufacturing of the cars that could kill…
2 months we have to wait, than we’ll see – good luck everyone…

The paper was easy but i did so poorly due to time management issues. Q1 i overshot by 15 minutes and the rest they say its history…..did Q3 and Q4 but did a very huge stupid mistake of misinterpreting “Public listed company” as Public sector and wrote the answers around this….only after i came back home and saw the article “Non corporate governance..issue Oct 2010” that it struck me what dimbat i have been to make such a grave error and losing marks!!! and just didnt have time to finish questions worth almost 12 marks….i doubt whether i will get thru…….I need to pray really hard for a pass… 🙁

The exam was OK, u know how it is with ACCA u think u pass and then. But (dear I say) I feel I pass it was a good paper. Expecially Q4.

@tzxsean said:
James Tsakos – pre conventional stage 2 : clearly bcos of self interest
bonus based on profit partly

Kathy Yao – when she follow orders of Tsakos, she is in stage 1 of pre conven
scared of punishment from Tsakos

when she suggest universal recall…it’s post conven stage6 driven by self ethical principle

Finance director- I argue either stage 2 bcos he oso benefit from bonus or stage 6 as his own ethical principle is tat shareholder’s wealth is most important

I think that James might on stage1 because he is afraid of financial loss as “punishiment”. if there wasn’t that financial director who focus on directors pay, i would say James is on stage2, but the fact is that financial directors is more like on stage2.

kathy is obivously stage3, for that her decision is to satisify public’s claim in order to survive, rather than driven by ethical value.

and for Q(a) I would say the first part of question is more like a P3 question about project management, and the following part I write about features of a sound internal control system. but after exam i realised there might be something about agency relationship and problem i could write about…..any way feel much better that everyone think that is more about internal control.;p

CEO & FD ==> Pre – Convential
Kathy ==> Convential

The only tricky part is if you assume that CEO is acting on what third parties(shareholders) want him to do, thus you may say that he is Convential. However this is just an assumption

I thought I had done enough to pass but as soon as they collected the papers, I realised I screwed up by stating the 5 COPIC ethics rather than the threats, self review, advocacy etc.
Am kicking myself for that and am resigned to having to take a retake.

Any answer for question4 part b (10points). How you criticize a behavior?

I was totally confused.

the question is ok…i do q 1,q2,q4…..but still poor time management i loss 6 mark…hope can get 50 so i can PASS…GOD HELP ME…..

the question is ok…i do q 1,q2,q4…..but still poor time management i loss 6 mark…hope can get 50 so i can PASS…GOD HELP ME…..

The paper was easy but time consuming,however i could not attempt 10 mark.overall the paper was only about common sense…thanks to eaminer

I ATEMPTED QS 1 2 &4
I WISH TO PASS