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Paper P1

Public sector governance – part 1
Available as a podcast on iTunes
There is a new section of the Paper P1 Study Guide for exams from December 2014 onwards. It is on public sector governance and is included as a new addition under section A9. The purpose of this article is to introduce these topics and give some pointers as to what the important themes are in terms of teaching and learning.

Public sector governance – part 2
Also available as a podcast on iTunes
The second part of this article continues its discussion of the new topics introduced under section A9 of the Paper P1 Study Guide, relevant from the December 2014 exam session.

Diversifying the board – a step towards better governance
Also available as a podcast on iTunes
In the Paper P1 Study Guide, section A3i requires students to (i) explain the meaning of ‘diversity’ and (ii) critically evaluate issues of diversity on the board of directors. This article elaborates on this topic by introducing the concept of board diversity and how it may benefit the organisation, followed by a discussion on the possible costs of board diversity. It concludes with a comment on the current regulatory initiatives of board diversity.

Environmental accounting and reporting
Also available as a podcast on iTunes
From 2013, environmental reporting will become part of the Paper P1 syllabus and, therefore, an examinable topic due to its relevance to many discussions around accountability, transparency and sustainability - key themes of the paper. This article outlines what environmental reporting is, where it can occur and its advantages and purposes.

COSO's enterprise risk management framework
Also available as a podcast on iTunes
Examining the guidance published by the Committee of Sponsoring Organisations (COSO).

Internal audit 
Also available as a podcast on iTunes
Internal audit - the control of controls - can feature as a key part of the corporate governance framework of an organisation, and can be viewed as a high level control in response to risk or by considering the detailed work required of internal audit.

Independence as a concept in corporate governance
Also available as a podcast on iTunes
We explore the theory of independence, and discusses why it is vital in many contexts relating to corporate governance and professional behaviour.

'Non-corporate' corporate governance
Also available as a podcast on iTunes
This article considers two broad types of non-corporate organisation: public sector organisations and charitable/voluntary organisations.

Corporate governance - external and internal actors
Also available as a podcast on iTunes
Not all elements of a company's corporate governance system are part of the internal structure. External actors can have a role to play in governance too.

Risk and environmental auditing
Also available as a podcast on iTunes
A focus on Section D1c and Section E7d of the Paper P1 Study Guide.

Strategic and operational risks
Also available as a podcast on iTunes
Examining the risks in terms of their potential impact and probability of occurrence.

Rules, principles and Sarbanes-Oxley
Also available as a podcast on iTunes
Introducing some of the main themes in relation to the control of corporate governance and discusses how this control differs by country.

Ethical decision making
Also available as a podcast on iTunes
This article takes a look at two of the main decision-making frameworks.

All about stakeholders - part 1
Also available as a podcast on iTunes
An introduction to the idea of stakeholders and stakeholding, and and explanation of the different ways in which stakeholders are categorised.

All about stakeholders - part 2
Also available as a podcast on iTunes
The second of a two-part article focuses on stakeholders and stakeholding by looking at a number of different stakeholder groups.

Study support videos

Digest the news
In this video for Paper P1 students, Kaplan tutors Stuart Williams and Paul Kirkwood discuss the ethical, transparency and corporate governance considerations of the alleged FIFA bribery scandal surrounding the 2022 World Cup in Qatar.
Cannot access Youtube? Watch it here

Focus on risk
Steph Crook from Kaplan Financial outlines some of the key aspects of the risk element of Paper P1.
Cannot access Youtube? Watch it here

Syllabus updates

Changes to the ACCA Qualification Skills module and Professional level in 2014–15
This article explains the planned updates to the ACCA Qualification syllabuses taking place as part of the process of continuous syllabus refreshment and improvement. The article highlights structural changes to exams, including the latest syllabus changes.

ACCA embeds integrated reporting
Gareth Owen, ACCA qualifications development manager, outlines how the ACCA Qualification embraces the underlying principles of integrated reporting (IR). IR is a different way of presenting information about the business to its stakeholders and, as such, is a new and exciting development in financial reporting.

Exam technique

How to earn professional marks
This article explains what professional marks are, how they are awarded at the Professional level and to remind potential candidates how best to achieve these additional, and often crucial, marks.

Examiner's approach to Paper P1
The Paper P1 examiner provides his approach to the paper.

How to tackle exams - a marker's perspective
A lack of knowledge is not the only thing that can lead to exam failure - poor technique could also let you down. This article highlights some common errors all ACCA students need to avoid.

Passing the Professional level papers
This article outlines what candidates can do to ensure they are well prepared for Professional level exams.

Professional marks
This article looks at a past exam question and review an example of how not to approach the professional marks, and then see how the examiner chose to answer it and look for what we can learn from his approach.

Last updated: 18 Sep 2014