P1 December 2014 exam tips by Richard Baskeyfield Students must be aware that the P1 syllabus is relatively small when compared to other P level papers, and so question spotting or solely relying on tips is a dangerous tactic. Students must cover a wide range of topics, please be aware this paper is called Governance, Risk and Ethics and it should be no surprise as to what the main topics are in the exam. It would be very difficult to predict exactly what could come up in each question, the range of topics that could come up across the paper include :- Corporate Governance Separation of roles of chairman and CEO Stakeholder theories (article all about stakeholders) - Mendelow framework Unitary and two tier boards Risk & Control Risk committee and risk manager Static/operational risk and how to diversify risk Internal control will feature at some point – objectives of internal control and directors responsibilities towards them Ethics Gray, Owens and Adams – 7 CSR positions Relativism and Absolutism AAA model 2 New areas this sitting Public Sector governance (2 articles) Integrated reporting – Including social and environmental data Good luck Richard
Posted on: Thu, 04 Dec 2014 12:23:05 +0000
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