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ATC's ACCA Exam Tips (June 2010) P1ENG (Professional Accountant)

The examiner, David Campbell, has now settled into his style and format. No changes are expected.

Therefore attempting the last four real examinations under exam conditions and then reviewing your answers along with the relevant examiner’s report is an essential pre-examination exercise.

Do not be surprised to see a scenario within at least one of the questions, especially Q1, that you may recognise from a past corporate event. The examiner makes it very clear that he bases his questions on real life – and the credit crunch/banking crisis of the last two/three years provides plenty of sources to cover just about every area within the syllabus!

Exam Tips

• CG in other organisations, e.g. public services, NGOs
• Corporate governance concepts and arrangements
• Agency theory, stakeholders, Mendelow
• Board structures, CEO/chairman, NEDs, committees
• Internal control and business risk
• Ethical theories and codes
• Gray, Owen and Adams
• Corporate social responsibility, corporate citizen and sustainability
• Social and environmental auditing

By Keith Rye

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