WARNING:The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
BPP Tips:
This is a new ACCA exam which was examined for the first time in December 2007. This makes it very difficult to identify areas of the syllabus that are likely to appear in the sections of the exam.
However based on the guidance provided by the P1 examiner and the ACCA Teachers’ Conference in February 2007, the areas that we would expect to see most regularly in the exam in the compulsory Section A of the paper are:
o Discussion of one of the fundamental principles underlying good corporate governance
o Discussion of corporate governance best practice
Identification and assessment of business risk and/or a review of internal control mechanisms
o Ethics or corporate social responsibility (including sustainability)
(Please note the only Section A question contained in the current edition of the BPP Study Text is Pilot paper Q1)
Other areas that we will expect to see, particularly in the optional part of the paper are:
o Governance (2007 Study Text questions 2, 3 and 9)
o Risk assessment and management (2007 Study Text questions 6, 7 and 
o Internal control (inc. internal audit) (2007 Study Text questions 5 and 11)
o Professional values and ethics (2007 Study Text questions 10 and 12)
Examiner’s Approach Interview: P1 - Professional Accountant
