Paper P1 Dec 2010 exam was

well.. i think it was quite a lengthy paper.. i attempted q 1,3 and 4…. seems most people attempted q2. wonder if i made the right choice.. i was too confused but the last part of q2 put me off so idecided to dig in for q4. anyways.. fingers crossed..lets see what the results will hold!

@mrdragon said:
Easy and common questions 🙂 However it was difficult to answer!

Firstly i was confused with the insitutional investor’s behaviour… 2 small easy questions by 6 marks each, but i didn’t answer them from my best! What did you write in response to questions about insitutional investors?

its was about the SOS RAINS mnemonic
strategic, operational, socail, remmuneration , acquasition , internal controls . non complaince and succession planning

This is my first time of writing and to be fair, the paper was quite difficult.
The questions were not straight fwd. I answered q1,q2 & q3.
The q on institutional investors are still not clear as at today to me.
The stages of environmental audit are not in our BPP & Kaplan ACCA manual however I tried goggling it and discovered that they were pre audit stage, audit stage and post audit satge .this is on the websites https://www.snh.org.uk/publications/on-line/advisorynotes/45/45.htm

lets hope for the best.

I think the paper was ok, but didnt have enough time to answer the questions fully. i could have done better if i have revised ethics more. I couldnt quite relate absolutism and relativism to the case. It was really strange but i did attempt it by forcing the situation to the theory.

Overall Question 1 was a bit different – hard to know whether I have answered well enough. Q3 about NEDs was good. Q4 – can’t remember what it was but i remember it being the easiest.

does anyone know whether ACCA adjust the pass rate according to how hard the paper is? Just wondering.

I didn’t think the exam was that bad, I’d say it was easier than the June one. My time management was poor again and I had a hard time getting answers down for all the questions but thought I could answer them all, which was something I struggled with in the June exam.

When are the exams available for download from the ACCA website? I thought it was the next day for the June exams or did I imagine that?

The institutional investors question was not a technical one. It is a very topical issue as they hold over 50% of the shares in the FTSE 100.

Basically II’s traditionally dont get very involved with the Board, they have been passive even though they have significant influence potentially.

So referring to the exam II’s are more likely to ‘interven’ if:

* The co has been poorly run
* The co is not meeting CG standards (IE the CC)
* Pressure from individual shareholders who the II fund represents
* There has been corporate scandals or unethical behaviou (EG RBS)

This was not a clear area of the syllabus but it is not a difficult area for those that have a little understanding/interest.

The paper was not friendly. Number 1 consumed like 2 hours and i rushed to finish those other 2 number.; overall the paper was hard. Its God to help us pass. I tried and wrote whatever came to our minds.

the paper was hard i tried q 1,2,4 i escaped from “best interest” area, environmental audit is a new issue nothing much u can say about it, without standards set up, all was script from my head nothing in the text i can match it with.
enshalla i pass
cross fingers enshalla we all pass

look easy…but the question make us difficult to answer.

Dear Mr. Allen Blewitt,

I am a father of an ACCA student. Due to confidentiality reason I don’t want to disclose the identity of my son. We are Indian national and currently residing in Kuwait. My son is studying in Professional module of ACCA.

There are no effective ACCA tuition providers in Kuwait. Currently, the Great Ernst & Young (E&Y) and one Pakistani school is providing the ACCA tuitions. Both of these institutions provide just 2 classes per week for 3 hours each. The instructors hired by these institutions are not effective and do not have any relevant teaching experience. They just blindly deliver the lecture and do not have any grip on the subject matter. They have simple made ACCA tuitions as money making exercise.

Well the main purpose of writing this e-mail to you is that to highlight what have gone with ACCA now days. Why ACCA is on a yearly basis increasing its subscription fees? Why ACCA is drafting its papers in such a way that only few percentages of students pass the exams? Why ACCA Examiners draft the exam paper by keeping in mind the competency level of just few students studying at London College of Accountancy (LCA), BPP, FTC?

My son has currently given P1 – Professional Accountant and P2 – Corporate Reporting exams. In order to pass these paper, the candidate must attempt compulsory question of 50 marks and other two question of 25 marks each. The examiner Mr. David Campbell has drafted the paper P1 in such a way that first 15 minutes reading time plus additional 5 minutes from the 3 hour writing time took for reading the scenario of question 1 (compulsory question) only. I know most of the students who complained the same that they didn’t found time to read the other scenarios of other question (i.e. question 2, 3 and 4) in order to select the question of their choice.

The student are trying very hard to clear their exams and but due to the exam setting techniques of examiners, majority of the students disappointed after giving the exams. I can frankly tell you that majority of the students are so tensed that they are unable to select the papers for their next attempts till their result time and thus when results are out, the students have left with no time.

My dear in Kuwait, if a boy reaches over 20 years of his age, then his father can no longer sponsor him and he has to search for a job in order to stay in Kuwait. Due to this almost 90% of male students are full time employed in Kuwait and they find very little time for their studies. The working environment is so bad in this country, that your employer will never leave you from 08:00 AM to 07:00 PM.

Both myself and my son as well as other students those who have appeared in F7, F9 and P1 this time have been feed up and trying to quit ACCA. The examiner job is to design the paper in such a way that majority of the students (both in UK and other part of the world) can effectively answer the questions. The examiners should not draft the paper in order to simply prove that he/she can also draft the exam papers.

Hope you understand the situation

Regards

i thought that we are supposed to prepare excerpts of the speech, do we still need things like dear ladies and gentleman?

I fully agree with the post above.

I don’t understand why ACCA didn’t post yet on their website the answers.
Is any explanation to this?