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ACCA P1 Governance Risk and ethics computer based exam

ACCA P1 Governance Risk and ethics computer based exam

ACCA P1 Governance Risk and ethics computer based exam: ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.

Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA P1 Governance Risk and ethics computer based exam

To apply relevant knowledge, skills, and exercise professional judgement in carrying out the role of the accountant relating to governance, internal control, compliance, and the management of risk within an organisation – in the context of an overall ethical framework.

It is recommended that you take the Professional Ethics module at the same time as, or before, the Paper P1, Governance, Risk and Ethics paper.

ACCA P1 Governance Risk and ethics computer based exam

The examination consisted of the standard two sections. Section A contained one question for 50 marks and Section B contained three 25 mark questions, from which candidates had to answer two. This is a Professional Level paper and as such candidates must be fully prepared, both in terms of technical knowledge and exam technique. Good exam technique is essential to this paper as it is in all others. As a starting point, the exam rubric of how many questions to answer in each section must be adhered to in order to maximise your chances of success. The exam is challenging enough to pass by attempting the correct amount of questions but becomes extremely difficult if only one question from Section B is attempted. There are very few candidates that will pass if insufficient questions have been answered. Similarly missing out sections of questions, which could add up to a significant number of marks, should also be avoided. Reasons why whole questions or parts of questions are not attempted are probably due to either lack of knowledge or poor time management or possibly both. Although tuition providers and candidates may attempt to predict which syllabus areas will feature in any particular session, it would be extremely hazardous for candidates to come into the exam hall with large syllabus gaps in their knowledge.

ACCA P1 Governance Risk and ethics computer based exam

ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.

brief history of ACCA:

ACCA traces its origin to 1904, when eight people formed the London Association of Accountants to allow more open access to the profession than was available through the accounting bodies at the time, notably the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland. As of 2006, the goal of ACCA is to become the world’s largest global professional body.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

In order to achieve a certificate for the exams completed students must also complete a foundation ethics module called Foundations in Professionalism, but this only has to be completed once, even if a student wishes to achieve both certificates and the diploma.

The Foundation-level exams are available as paper-based exams held in June and December or as on-demand computer-based exams throughout the year at ACCA Licensed exam centres.

ACCA P1 Governance Risk and ethics computer based exam

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