*** P1 September 2015 Exam was.. Instant Poll and comments ***

Hi,

What was the (Q1)

1. Explain CG and Agency…Governance difference between listed and SME? (was it a public sector? I believe it was a SME)… for 8 marks

2. Explain Mkt Risk? Assess rewards for CEO? 10marks

Letter for Internal Control.. 16 marks
4 professional marks…

What made up the other 12 marks?

Hi, what did you say about improvement of internal controls in Question 1- what needed to be improved?
In Question 2 – what principles did the staff not follow when accepting bonuses for wrongly sold insurance premiums?
In question 2 also- what did you say about how the bonus package needed to changed and about the consequences of external auditor failure to report?
In question 3- Strategic and operational risks of company trying to expand to Geeland and management techniques?

Thanks,

Ganunoo1983, good time management. Although i constantly kept my eyes on the clock, i have failed to address one point in question four which will cost me few marks and finish off point d (i) in question 1 but hopefully did enough to pass. If i only had 15 more minutes! Generally, i think it was a reasonable and fair paper but again, time constraint is a big factor for many. I think reading the questions is a time consuming thing so, there should be no 15 minutes reading time but an extra half an hour added to the exam instead to make it 3.5 hrs allowing students to start writing from the very first second it starts.

Im confused! for the fundamental principles they related to the ‘conduct of the employees’ s so I put down (Objectivity, Integrity etc.) should this have been the UK govenance main principles????? (i.e Leadership, effectiveness etc.)

Exam Invigilators were shocking at Kensington Olympia, as were the facilities. No water dispensers, freezing temperature, and the exam started 15 minutes late! Never seen that before, anywhere!

Exam Invigilators were shocking at Kensington Olympia, as were the facilities. No water dispensers, freezing temperature, and the exam started 15 minutes late! Never seen that before, anywhere!

no proper management …

i asked two member of staff for water even they did not answered properly.

It was more than bizarre, it was ridiculous and unacceptable at this level. Although I feel I have done more than enough to pass the exam I have lodged a formal complaint and would recommend that anyone else who experienced the same should do so as well.

We pay good money for studying for and sitting these exams, as well as a lot of time, and should not have to put up with sub-standard invigilators and poor facilities that can impact on some students ability to perform. If nothing else it will hopefully result in an improved level of service and none of our fellow ACCA students will have to face such circumstances.

It could all have been avoided just by keeping us informed as to what happened and why. It was also ironic that it happened in an exam that involves internal controls and risk management!! hahaha

I can understand the temperature always never right, nor the toilets being in great condition.

However, as a student sitting an exam, you should be well prepared with bringing your own water. Other exam halls do not supply this and I think it is unnecessary and also causes disruptions to other people. You would not come to an exam without a pen, so why would you sit a 3 hour exam without bringing water.

With the counting of the scripts, it is an ACCA requirement, they scripts should have actually all been accounted for, boxed up and it should have left the room before any student even so much as gets up to leave the room.
Especially with the way everyone rushes to get up and stampedes to get out the hall.

Just giving a different perspective as to the causes of your frustrations. Not everything should be a given.

Hi guys the p1 paper asks not only knowledge but lots of self-application.
But did someone find an answer for the insurance cover being more ethical,found in question 2,i think?
It may be an absurdity but i answered that the bank could advertise in the newspaper etc
or to make it appear in a sort of package but it sounds confusing….but its clearly a lack of integrity and professional behaviour.

I have taken exams in several centres, Excel included. I would not comment otherwise.

Just be prepared, and only worry about the exam. Exams are ruined and disrupted by a few students who do not take it seriously, expecting everything to be given to them or just too impatient. You are there to achieve a professional qualification, and should be acting like a professional.