Jay's Governance, Risk and Ethics P1 ACCA

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6 days ago

Students that are preparing for the current P1 paper, it would

do some good to understand that CG codes are not fixed. They

evolve with time to show the changes in the demand from

stakeholders.

This will impact students that are doing Topic 17 of OBU and also

those that are planning to sit for Dec 2013 exam since the

updates are now examinable!

Latest updates for P1 ACCA includes the following:

UKCGC 2012

http://www.ey.com/Publication/vwLUAssets/Corporate_Governance_update_-

_October_2012/$FILE/EY_Corporate_Governance_update_-_October_2012.pdf

[http://www.ey.com/Publication/vwLUAssets/Corporate_Governance_update_-

_October_2012/$FILE/EY_Corporate_Governance_update_-_October_2012.pdf]

There is also an update in COSO 2013 which came out in May

2013

http://www.coso.org/documents/COSOOutreachDeckMay2013.pptx

There are new terminologies being developed in risk world

Risk velocity - the speed at which risk will impact

Risk agility -speed of risk response/velocity

Risk resilience - resource employed/risk impact

Risk management effectiveness = Agility x Resilience

There are many new development in risk world and the

examiner for P1 has already indicated that risk will be getting

Latest materials for P1 ACCA Dec 2013

…Jay's Governance, search

Send feedback

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important in the future.

This means that you have to study the latest materials to get

good answers.

Those doing ACCA OBU, please update your Topic 17 for using

the latest materials.

Posted 6 days ago by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

1 week ago

ACCA P1 this semester - DEc 2013

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Focus on

Internal auditor and their work - risk auditing or environmental

auditing + threats to their independence

Internal controls and reasons for failure - could it be prevents -

FUKU incident

Lehman failure - Risk management, risk profile and issues with

risk categorisation and reporting

Integrity

Governance - focus on Steve Jobbs and succession planning - it

ACCA P1 Focus area Dec 2013

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is becoming a big issue for many

Was the action of the big banks in getting involved in price

fixing ethical? - Use ethical framework 3A or 7 positions

Role of regulators?

Public interest and accounting as a profession

Agency theory / Transaction cost theory

Those planning to study next semester - you have 2 options,

face to face with me (subject expert) / other experts at J Pro

ACCA Boutique training centre or if you like to self study using a

low cost option - take J Pro ACCA Online solutions

[http://3.bp.blogspot.com/-

HH_N6vbPanI/UlZboxqQqkI/AAAAAAAAFCU/PhueG7vycS4/s1600/business2.jpg]

J Pro Boutique ACCA Training CentreNext semester - those that are planning to do ACCA, we will be

starting in Feb, after the results are out.

J Pro training would be offering the following:

F1 - F3 @ RM800

F4 - F6 @ RM1,000

F7 - F9 @ RM1,100

P1 - P3 @ RM 1,150

P4, P5, P6, P7 @ RM1,200

OBU @ RM2,700

(Inclusive of text book, revision kit, notes, good training and

snacks) - Value add.

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No registration, resource or other fees. Just basic training fee.

Non-value add.

That is the whole range of papers, which will be done by

Experienced experts in their respective subjects - Significant

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Class will be limited to 22 students since you want to have that

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to learn. Significant value add.

Registration will be starting after the exams week.

J Pro Online ACCA Solutions - first in Malaysia!

If you hate classes - you can also get the J Pro Online Solution -

RM230 for lectures / RM410 for lectures & revision. No

class and study at your own time. This is valid for 2 sittings -

that means if you fail, there is no extra cost!

BPP Text and revision would be added in for RM180.

Students that get world prize or Malaysian prize - you will get a

refund on your fee for that subject - this applies in both

locations.

If you want to wait for your results before starting - then J Pro

would be the ideal solution.

Posted 1 week ago by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

19th September

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Given the issues developing around the world now, especially

Examiner mood for 2013 Dec ACCAP1

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about corruption and bribery, I would believe this two issues

getting more attention in the coming exam diet in Dec 2013.

Bribery as you know it is a disease that eats into the fabrics of

society slowly. It diminishes the ethical behaviour of most

professional by attacking their integrity and objectivity.

In terms of P1, the situation that your examiner may be asking

this time - it might involve the following:

1. NED in a company that has to weigh the benefits of giving a

bribe to get a pipeline for a petroleum company, where

everyone is already involved in that activity

2. Assessment of giving a bribe using 3A model for an

accountant

3. Evaluation of the bribery from ethical views of dogmatic and

pragmatic

4. Critical evaluation of ethical principles for a professional

accountant that has noted bribery within the company

operation (which goes against the code of conduct of the

company)

5. Internal controls required to ensure that bribery does not

occur within the company

6. Embedding a culture of risk awareness /risk systems to

protect against bribery

7. Consideration of the ethical case and business case for giving

bribes

In all your answers above, as a professional accountant - you

will still have one heavy tone = go for ethical behaviour that up

holds the ACCA principles.

This is one of the ideas that could be coming out this time -

enjoy preparing for it.

Students that are planning to study for ACCA P1 on your own

this time - you can purchase J Pro online learning solution which

has all the lectures for ACCA P1 for only RM220, this will also get

you access to the Jpro forum for acca trainees that will give you

the spotted questions for Dec 2013.

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If you are interested in getting a better chance of passing P1

this time - call 016-263-0649 or email [email protected]

for more information

Posted 19th September by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

23rd August

If you are planning to study for P1 ACCA for DEC 2013 exam, you

must be warned on the following point!

1. The examiner has been moving more and more toward

examining risk and internal controls within the paper

2. The previous exam papers are good practice but do not end

up memorizing all the answers - sure recipe for disaster.

3. Critical thinking is not easy, you have to train that brain of

yours to think it daily. How? - the newspaper is a good way to

consider what you have learnt and how it applies to the

situations in the paper.

4. My notes for P1 chapter 1 - 10 is available in the earlier

posting - most of them is still relevant (except the change in CC

to UKCGC

5. Students still using the CC as their source of their reading -

please update yourself, UK is now using UKCGC 2012 which is

the latest. COSO also has been updated from the original in

1985 to the latest version in 2013.

6. Bribery and corruption is the latest fashionable item in the

exams - so pay attention to them.

The last examination had tested audit committee extensively,

indicating that current paper may shift to internal audit

The other point for previous paper - there was nothing so far

on diversity and nomination committee - that is about time.

Studying for P1 ACCA Dec 2013

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OECD and ICGN has not been asked for sometime, maybe it is

due?

Read all the areas up for the coming exam

Posted 23rd August by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

13th August

The paper that appeared last semester was heavy on risk,

controls and governance.

Q4 was a real trap question that got many students to loose

marks due to writing out all they know about remuneration design

rather than answer the question set.

Q1 was quite miserable given that it had significant amount of

risk ideas, which itself is hard to grasp.

Many misunderstood the risk assessment and started to write

about risk management process.

Many also did not consider expanding their argument about the

risk assessment approach being taken.

Finally there is the audit committee question - which required

assessment of the committee performance. There were some

easy marks there but most of the students failed to remember the

work that audit committee must do for internal auditor.

My assessment of the paper

It is much harder than the previous sitting since there was less

marks allocated for memory work

June 2013 Paper for P1

Those that took the paper and passed it -

congratulations!

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The answer requirements was also much harder given that it

required extending the discussion into new areas.

So if you failed - try again.

Those that want to study this paper at their own pace can

consider buying online course for P1 for RM225 only with JPro.

This will include Online lectures + exam focus points from

Mr.Jay + Online forum discussions for J Pro students @

jpro.yuku.com

Posted 13th August by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

9th June

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Well it is about the time that you feel very stressed on what can

come out for the ACCA June 2013 exams.

The P1 ACCA examiner has clearly stated that he does not like

spotting of the question, but there is some patterns that is

obvious - "he likes to ask what was given out as articles in the

past"

Which means that you have to study the articles up.

Tips for June 2013 P1 ACCA Examination

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The following is the articles that you should consider first

Environmental reporting [http://www.accaglobal.com/en/student/acca-

qual-student-journey/qual-resource/acca-qualification/p1/exams-

p13/environmental-accounting-and-reporting.html]

COSO Framework [http://www.accaglobal.com/en/student/acca-qual-

student-journey/qual-resource/acca-qualification/p1/exams-p13/coso-

enterprise-risk-management-framework-part-1.html]

Internal audit [http://www.accaglobal.com/en/student/acca-qual-student-

journey/qual-resource/acca-qualification/p1/exams-p13/internal-audit.html]

The articles were not all written by the examiner, but it does

have some good pointers to consider.

Obviously this does not mean that the above is the only articles

to cover, you should also cover all the other articles.

Make sure you have gone through all the past year papers

especially the older ones 2009/08, those have a high chance of

coming out.

Make sure you have the following ROLES understood

1. Internal auditor

2. External auditor

3. Non-executive director

4. Stock market

5. Regulator

6. Risk manager

7. Nomination committee

On that note, make sure that you have the following

governance concepts understood

1. Succession planning

2. Service contracts (there was an issue with one of the Shell

directors that was removed in the previous boardroom tussle

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for CEO - her pension was HUGE!)

3. Fiduciary duties of the directors (and what happens when

they did not fulfill it - penalties)

4. ICGN and OECD (Convergence of codes)

5. SOX 2002 Advantages and disadvantages for SME.

Theories of governance has always been examined to some

extent and the following theories has never been given any

consideration so far - therefore it it would be wise to go in with

some idea's

1. Transaction cost theory

2. Agency theory (factors creating higher cost)

3. Property ownership

4. Carroll 4 responsibilities may be worthwhile

5. Kohlberg - reverse as seen in JH Graphic question

In terms of internal controls, the examiner just loves "disaster

movies" - with take on Ships, cars, banks and energy companies

that had made huge mistakes.

This time around, the examiner could be asking Lehman

Brother's failure ~ how they took so much risk and imploded or

how TEPCO the Japanese company failed to take into account

risk for their failed nuclear power plant.

The above requires a CSI type approach in answering the

question - which control failure led to what negative outcome.

How it could have been prevented. Was this an operational

control failure or control design failure.

Risk has been getting more and more attention recently and

would be expected to appear for quite some marks. I am not

sure if the examiner would have to take on Business risk that

appears in P7 ACCA within the syllabus, but it would be feasible

to do this. Especially since not everyone out there would be

doing P7 ACCA.

Suggestion would be to review P7 ACCA Dec 2010 Q1a exam

question and then just go through the answer.

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Ethics is usually examined, this time I suppose the examiner may

be asking something about Fundamental principles of ethics

(something to do with internal auditor independence and why

they must be independent) Impact if they are not independent?

Public interest may be relevant, since that has not been asked

for some time

Profession of accountants and disclosure issues that are so

frequently asked in P2 ACCA papers may also be present this

time.

Will there be some calculations this time? Expected values

maybe, or some simple probability analysis.

Environmental auditing and risk auditing has been out for some

time, so do expect something there.

Now that is done, hope that helps. Not sure if all of this will be

coming out.

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[http://3.bp.blogspot.com/-

XHTQUMNVpOM/UbC4k2l7BMI/AAAAAAAAE3U/vONAKoPLsZE/s1600/OBU.jpg]

On that note OBU Preview for J Pro is on 15 June 2013 @ J Pro

Business Training office

[http://jprotraining.blogspot.com/2010/08/location-of-j-pro-business-

training.html] . Call 0162630649 [tel:0162630649] Mr. Kumar for

booking, since those that attend the preview will usually be given a

better deal than those that don't.

The cost of doing OBU in J Pro is RM2,700 (which includes P2 ACCA

online lectures and revision package free (worth RM500)). Also those

who have studied with me before will get a discount of RM100 per

paper studied.

[http://1.bp.blogspot.com/-2zvwCHiNcSk/UbNglV1IC3I/AAAAAAAAE6k/Hx4CuRxSP4s/s1600/220px-

Blended-learning-methodolog.jpg]

Next semester, for July 2013 J Pro Business Training will be introducing

the first Malaysian blended ACCA training for working students & full

time student who are already sick and tired of attending loads of

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classes. This will cover F5, F7, F8, F9, P1, P2, P3, P4 and P7. The main

benefit - you get to study online and go for question workshops that

provide the brick and mortar function. Information on this will be

available on J Pro blog [http://jprotraining.blogspot.com/]

Posted 9th June by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

4th December 2012

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Time management in acca examsWhen you are doing your exams – it is critical thatyou

1. Consider which is a hard question – a time trap andwhich are easier to handle

Manage your time in ACCA exams

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2. Plan your approach3. Have some time to check your answers4. Watch the clock

I have just got some feedback about P7 paper andmost are saying the same thing – that they wererunning out of time to do the question.Q1 was doable and Q3 – 5 was doable but Q2 was thehard one – so why do students get stuck with the hardone first – simple they followed a linear answeringsequence – 1,2,3,4……JUMP AROUND! To find the easiest marks firstbefore getting into those that you are struggling!If you are struggling to get ideas – it is a sign to leaveit and get back to it later.

Those of you that are planning to do your ACCAOBU next semester for the May 2013 submission cancheck out details in myOBU Blog [http://j-obu.blogspot.com/] . Those thatare doing P2, I have provided my indication on whatis possible this time in my P2 Blog [http://acca-p2.blogspot.com/]

Posted 4th December 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK)FCCA

30th November 2012

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Spots from other providers

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LSBF P1 ACCARole of the chairman.Nomination committee.Stakeholder classifications.Audit committee and internal audit.TARA.Tucker's mode

Kaplan P1 ACCA

• Corporate governance: stock exchanges. • Ethical theories – Absolutism. • Internal control failures.• Transaction cost theory. • Sustainability – Social and environmental footprints.

Becker P1 ACCACorporate governance concepts – the underlyingfundamentals.CG in other organisations – NGOs, public sector.CG types and forms – rules v principles, insider/outsider, UKcodes, SoX.Agency theory - stakeholders, Mendelow.Board structure. Internal control and business risk – TunrbullEthical theories and business codes.Professionals and public interest.Corporate citizen, footprints and sustainability.Social and environmental auditing.

Sourced from PQ magazine (2012)

Posted 30th November 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK)FCCA

21st November 2012

It is about time to start focusing on issues that are critical for the coming exam.

Tips for ACCA Dec 2012 PaperP1

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Areas that should have high level of focus includes:

1. Succession planning

2. Role of nomination committee

3. Tucker

4. Professionalism / Public interest

5. Professional codes - familiarity threat and rotation of firms

6. Internal audit

7. Business risk

8. Transaction cost theory / Agency theory

9. Service contract for directors / Power of directors

10. OECD / ICGN - Harmonisation

11. Control environment and systems

12. Information system - characteristics of strategic and operational information

13. Risk categories and risk reporting

14. Independence of internal auditor

15. ISO 14001

16. Ethical tension - case from within online-ethical module

17. Numbers = Risk re-mapping or evaluation of cost and benefit of risk solutions.

18. Numbers = Trend analysis to detect business risk factors

19. Carroll

20. Footprint

That is all for the specific area that could come out, use with caution

Posted 21st November 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK)FCCA

15th November 2012

The following news was taken from Los Angeles Times - it illustrates what happens

when Doctors - who are professionals do not use their professional judgement but

rather follow a rule without any regards to consequences.

This also illustrates the impact of dogmatic compliance to rules without any

allowance for pragmatic solutions.

As a professional should doctor act at Level 3.1 or Level 2.2 of Kohlberg moral

development?

The death of an ailing woman who was refused an abortion

[http://www.latimes.com/topic/health/abortion-HEPAS000029.topic] in an Irish hospital

has inflamed longstanding concern about Ireland's

[http://www.latimes.com/topic/intl/republic-of-ireland/galway-%28ireland%29-

PLGEO0000081621.topic] tight restrictions on when women can terminate a

pregnancy.

Praveen Halappanavar told the Irish Times

Rules and professionalism

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[http://www.irishtimes.com/newspaper/frontpage/2012/1114/1224326575203.html] that

his wife, Savita, was suffering intense pain and had been told her baby would not

survive. Upset but resigned to losing her child, she was denied an abortion despite

repeated pleas with their Galway [http://www.latimes.com/topic/intl/republic-of-

ireland/galway-%28ireland%29-PLGEO0000081621.topic] hospital as she suffered

shakes and vomiting, Halappanavar told the newspaper.

“The consultant said it was the law, that this is a Catholic country. Savita said, ‘I am

neither Irish nor Catholic,’ but they said there was nothing they could do,”

Halappanavar told the newspaper from India.

As long as the fetus still had a heartbeat, the husband said they were told, an

abortion was illegal. Days later, the heartbeat stopped and the remains were

removed, but Halappanavar grew sicker, eventually dying of blood poisoning, her

husband told the Irish Times.

The Galway Roscommon University Hospitals Group said it could not discuss the

details of her case with reporters, but was reviewing the unexpected death in line

with its usual procedures to establish what had happened. It extended its sympathy

to her husband, family and friends. The Health Service Executive, a national body

that oversees Irish healthcare, is also carrying out a review and will recommend

any changes needed to prevent similar incidents, it said.

While abortion is banned under the Irish constitution, its highest court ruled

decades ago it is allowed when the life of the woman is in peril. But with no detailed

regulations or guidelines for doctors, the question of when a fetus can be aborted

remains murky.

Even doctors who think abortion is needed may fear arrest or losing their careers,

abortion activists say. Critics argue the legal limbo makes doctors so uneasy that

they refuse to perform the procedure even when mothers are at risk or a baby is

already expected to die.

James Burke said he and his wife learned that their child wouldn’t survive outside

the womb because of a rare syndrome, but were told they had leave the country to

get a medical termination. They went to England.

“It’s just so saddening that it has to come to a woman and her child dying for people

to start talking about it,” said Burke, who went public with his own story last year.

He is now part of an activist campaign called Termination for Medical

Reasons Ireland [http://www.latimes.com/topic/intl/republic-of-ireland-

PLGEO000008.topic] .

Nearly two years ago, the European Court of Human Rights ruled that Ireland had

violatedEuropean Union [http://www.latimes.com/topic/economy-business-

finance/economy/european-union-ORGOV000067.topic] law by failing to adequately

protect the lives of women. The Irish government called upon a group of experts

for advice on how to clear up its abortion rules; that expert group gave its report to

the Irish health department Tuesday night for review, just before the Irish Times

published its story.

While Sinn Fein and other political parties pressed the government to pass “long

overdue legislation” ensuring that abortions to save women would be allowed,

Prime Minister Enda Kenny [http://www.latimes.com/topic/politics/government/enda-

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kenny-PEPLT00008092.topic] argued that the government should not take action

before the death is fully investigated. His Fine Gael political party said any changes

should also await the expert report on abortion law.

“The matter will come before government in due course,” it said Wednesday.

Sen. Kathryn Reilly of Sinn Fein argued that the tragedy exposed the damage done

by inaction. “We’re no longer dealing with what-ifs. We’re no longer dealing with a

hypothetical situation,” she said, pressing the government to say when the report

would be made public and laws would be passed.

“It just can’t go on anymore,” Reilly said. Protests and vigils were planned

Wednesday night across the country as the news spread in Irish and international

media.

The Irish law is unusually restrictive for a country in Europe

[http://www.latimes.com/topic/intl/europe-PLGEOREG0000014.topic] , but the resulting

barriers to abortion access are much like those in poorer countries that get less

media attention, said Patty Skuster, senior policy advisor for Ipas, which advocates

for safe abortion.

"There are countless women like her that we don't see," Skuster said.

The bereft husband says he told his story to ensurethat it won’t happen to anyone

else. “It was all in their hands and they just let her go,” Halappanavar told the Irish

Times [http://www.irishtimes.com/newspaper/frontpage/2012/1114/1224326575203.html]

. “How can you let a young woman go to save a baby who will die anyway?”

Sourced from : Los Angeles Times

(2012) http://www.latimes.com/news/world/worldnow/la-fg-wn-death-mother-

refused-abortion-ireland-debate-20121114,0,7244973.story, accessed on 17

November 2012

Posted 15th November 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK)FCCA

8th November 2012

The tips from Open tuition is out.

The focus areas by open tuition for the current Dec 2012

ACCA P1 paper is as follows:

Governance

Directors

Audit and Nomination committee

ACCA P1 Tips DEC 2012 #1

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Statutory duties

Information - early indicators that company is at risk

II involvement

Need for governance

Risk

Identification, assessment, measurement, management

Internal audit / external auditor role in CG

Business risk

Awareness of company strategy

Ethics

Kohlberg

Deontology and teleology

Environmental footprint and accounting

CSR

In my view, the above focus areas are

reasonable and can be taken seriously. I would

also pay attention to China tainted milk story

at the same time.

The examiner has been testing the latest

happenings in the business world and it is

possible that Fukushima Nuclear incident could

get tested this time around.

Open tuition has advice the usage of calculator

in the exam - which I concur with them.

This time there will be a need for calculators

to be used - probably in the computation of

gearing or current ratio. It could also come

out for expected values.

I will be giving the areas that I will think is

likely a bit later. There is still time.

Next semester papers that I will be covering

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is:

P2, P3 and P7 in Sunway JB.

P3, P5 and P7 at J Pro (Shah Alam)

Posted 8th November 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK)FCCA

20th October 2012

The exam is getting very close and now should be the time for you to start your

engines and pushing the peanut in a different direction.

The first tip for now is that you should spend some time to understand overall view

of paper P1, in this case you must cover all the basics for each part - CG, Risk,

Ethics and Controls

Once you have completed the run down of all the areas, it would be wise to start

to consider some possible areas to focus more attention.

The first part to concentrate on is the following articles first, the order would

indicate the risk that I have attached for each article in terms of coming out for the

Dec 2012 ACCA exams for P1.

1. Independence

[http://www.accaglobal.com/content/dam/acca/global/pdf/sa_sept11_independence.pdf]

2. Non-corporate governance

[http://www.accaglobal.com/content/dam/acca/global/pdf/sa_oct10_p1.pdf]

3. Stakeholders 1 [http://www.accaglobal.com/content/dam/acca/global/PDF-

students/2012s/sa-jan08-campbell.pdf]

4. Stakeholder 2 [http://www.accaglobal.com/content/dam/acca/global/PDF-

students/2012s/sa_feb08_campbell.pdf]

5. Ethical decisions [http://www.accaglobal.com/content/dam/acca/global/PDF-

students/2012s/sa_mar08_campbell.pdf]

6. Internal & external actors

[http://www.accaglobal.com/content/dam/acca/global/pdf/sa_aug09_campbell.pdf]

7. Changes in P1 (1)

[http://www.accaglobal.com/content/dam/acca/global/pdf/sa_May2010_p1_studyguide.pdf]

8. Changes in P1 (2)

[http://www.accaglobal.com/content/dam/acca/global/pdf/sa_May2010_guide_P1.pdf]

9. Question of ethics

[http://www.accaglobal.com/content/dam/acca/global/pdf/sa_july11_ethics.pdf]

10. Internal auditor [http://www.accaglobal.com/content/dam/acca/global/PDF-

students/2012s/sa_apr12_p1_audit.pdf]

11. Environmental and risk auditing

ACCA P1 Dec 2012 Exam tips(initial)

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[http://www.accaglobal.com/content/dam/acca/global/pdf/sa_march09_campbell.pdf]

12. Rules and principles [http://www.accaglobal.com/content/dam/acca/global/PDF-

students/2012s/sa_apr08_campbell.pdf]

13. Strategic and operational risk

[http://www.accaglobal.com/content/dam/acca/global/PDF-

students/2012s/sa_sep08_weller.pdf]

14. Environmental accounting and reportin

[http://www.accaglobal.com/content/dam/acca/global/PDF-

students/2012s/sa_sept12_p1_environmental.pdf] g

There are 14 articles with an average of 4 pages each, indicating that you should

be able to read and understand at minimum 2 articles for each day from today

until exam day on rotation basis.

Internal audit outsourcing has not been asked and I think this video would be quite

useful in leaning about outsourcing internal audit.

The other issues that I would be very concerned about is the introduction of

Bribery Act 2010 in UK, which has a direct impact on this paper, examiner has

included this by referring to corruption and

The best way to understand review the following video which I have reviewed as

relevant source of learning outside the classroom for students to get to grips with

the issue. This can be tested within the corporate code of conduct and the legal

compliance issues.

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That video was useful to introduce the area, so that you are aware of the issue

and what it means in terms of paper P1.

This video has sufficient explanation of the Bribery Act, which is theoretical.

Guidance is in place to explain the INTERNAL CONTROL PROCEDURES to

defend against a bribery claim by the government

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The above could be a statement that can be included into a P1 exam paper in the

future and students should be able to argue this using the pragmatic or dogmatic

theories. It is also possible to consider this statement in the context of article No.9

above.

The above is also could be included in the examination under the same article 9

above. So as the balance of the videos that are listed below:

Now that I have covered a bit of ethical issues, the next issue to turn to is the

internal control required to prevent breach of the bribery risk

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That is the areas that I can focus for you now. The other learning ideas will be

communicated later.

Posted 20th October 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

8th August 2012

It is finally out and if you pass - excellent!

If you have failed and have to try a new approach, find another lecturer. If you

have tried my way of doing the paper and still cannot pass, consider the following:

Results are out for ACCA P1 June2012

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Whether you could follow the technique that I had adopted for the paper?

Whether you did your book work before the exam?

Whether you need an alternative view for learning the paper?

Now that you have the answers for all of this. Consider what is your next course of

action.

IF YOU STUDIED UNDER SOMEONE ELSE IN SUBANG/SUNWAY AREA

From August 8th to August 10 Inti College Subang will be giving a RM600 waiver

for NEW students that want to register for the ACCA classes there. The fee for

ACCA catch-up is RM800 which includes the BPP Text and kit, worth about

RM200. The waiver would cover the application fee of RM400 and resource fee of

RM150/paper.

Therefore your actual cost for the paper is only RM550 for the revision + classes

in aug, sept, oct and nov 2012.

The offer for Inti is for all the papers in ACCA F4 to P7, so this would be a good

chance to get yourself into an truely American based college.

If you are worried about your future job prospect - it actually gets brighter since

Inti College Subang has a 94% employability rate after graduation for their

graduate, since they have a dedicated department that focuses on getting you

employed with the Big 10 firms.

Those that did not get through the papers, do consider whether it is worth while to

sit in a class that is crowded class with low lecturer / student interaction..

Focus on quality learning experiences that would improve your pass rates.

Remember, the offer at Inti is only from Aug 8 to Aug 10 -

RM600 waiver. After that date is RM300 waiver from fees.

Posted 8th August 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

10th July 2012

The paper was a doable paper with a good balance of risk and governance, with

the ethics question being placed in a 25 marks section.

Overall some new areas were examined, number in the context of making an

assessment of risk / return relations.

Some of the elements of the paper was a repeat - induction and risk committee

roles (which should have been expected given that almost all areas have been

P1 Paper June 2012

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tested)

The ethics part of the paper was much harder and I suppose that most of the

students avoided that question.

The bonus was the 3A model and Mendelow, which finally made its appearance

(but was tested harder)

Unitary and family business structure was also tested, a repeat area.

Overall the paper was a good paper, students who fail would be due to not

understanding the requirement rather than knowledge of the paper (for those that

prepared for the paper).

Good luck on the exam results - 8th August 2012

Posted 10th July 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

4th June 2012

[http://4.bp.blogspot.com/-

GDpo2h-R3A0/T8y1N1Q5erI/AAAAAAAAEp4/4yFwNf2ZGc4/s1600/cfo_home.jpg]

The time for studying hard for the coming exam is at hand. This paper, being the

most stable of the P level papers has not changed much since the last sitting. In

the current sitting do expect some form of computation related to risk

[http://4.bp.blogspot.com/-tlpz7cho-

z0/T8y2XbTIS2I/AAAAAAAAEqA/mAfXWSSirL4/s1600/Risk+numbers+by+Jay.JPG]

The examiner may include a table like the one above and might want you to

calculate the expected values for the risk and assess the method for dealing with

the risk.

P1 ACCA June 2012 Spots / Tips

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He may also ask you to evaluate the method being adopted by the company to

manage the risk, is it appropriate?

So make sure the calculators in taken for the exam

The spots by others for the current sitting are as follows:

OPEN TUITION JUNE 2012 TIPS FOR P1 ACCA

1. ACTORS FOR CORPORATE GOVERNANCE - IA, EA & NED

2. ETHICS, DILEMMA, DEONTOLOGY / TELEOLOGY / KOHLBERG

3. ROLE OF RISK MANAGER, RISK COMMITTEE, MENDELOW

4. BOARD SUB-COMMITTEE, TWO-TIER & UNITARY

ATC JUNE 2012 TIPS FOR P1 ACCA

1. GOVERNANCE CONCEPTS

2. GOVERNANCE IN OTHER ENTITIES - NGO / PUBLIC SERVICE

3. FORMS OF GOVERNANCE - INSIDER / OUTSIDER

4. AGENCY, STAKEHOLDERS, MENDELOW

5. BOARD STRUCTURES, CEO/CHAIRMAN, DIRECTORS, NED, COMMITTEE

6. INTERNAL CONTROLS AND BUSINESS RISK

7. GRAY, OWEN AND ADAMS, TUCKER, AAA, KOHLBERG

8. PROFESSION AND PUBLIC INTEREST

9. CSR, CORPORATE CITIZEN, FOOTPRINT

10. SOCIAL & ENVIRONMENTAL AUDIT

BPP

1. GOVERNANCE - AGENCY & STAKEHOLDERS

2. INTERNAL CONTROL REPORTING

3. ETHICAL THEORIES AND REGULATORS

4. CLASH OF CG CULTURE - OLYMPUS

5. REMUNERATION

FIRST INTUITION

1. TARA

2. ETHICS

3. CHAIRMAN & CEO POWER

4. CSR

5. ISO 14001

6. INTERNAL CONTROL IMPORTANCE

7. NED & REMUNERATION COMMITTEE

8. BUSINESS RISK

9. BRIBERY ACT

Now it is my turn to provide my overview of what could be coming out this time

1. Ethical area - professional code of ethics (materials from Online ethical

module)

2. Corruption and internal controls to reduce corruption

3. Nomination committee and role of succession

4. Transaction cost theory

5. Risk management - assessment of risk solutions and also risk appetite

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consideration (risk seeking, risk neutral, risk averse - read P5 DEC 2011 Q1

paper)

6. Independence of NED and whether they should be recruited from inside

outside of the industry (Article)

7. Internal auditor - limitations and outsourcing

8. Information system - characteristics of strategic information

9. AAA or Tucker

10. Deontological or teleological ethical issues

11. Governance basic theories and requirements

12. CSR - Carroll

13. Internal control systems & control environment evaluation

Well that is all the areas that I think could be coming out, but make sure you study

everything before you place emphasis.

Next semester I will be in INTI SUBANG and SUNWAY JB as a lecturer for paper P1

ACCA. So if this did help, inform the rest where to find me next time around.

Good luck

Posted 4th June 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

22nd May 2012

[http://2.bp.blogspot.com/-

Isgn_za_lLo/T7snPIFFjLI/AAAAAAAAEoc/KZhFraZ2vkY/s1600/Inti+tt.JPG]

Timetable for Inti

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[http://3.bp.blogspot.com/-

zq5WcYDj1rs/T7snbog-KrI/AAAAAAAAEok/8eLb_o_2w5A/s1600/i-ACCA+2.JPG]

The above is the tentative timetable for i-ACCA at Inti Subang, students that are

planning for the course.

1. It is inclusive of platinum status books BPP Text and revision materials

2. Inti is Gold status provider under Approved ACCA Tuition providers

3. Yes there is progression discount for Inti students from degree transferring into

the professional stage of ACCA

4. You are assured that you will be taught by lecturers who have been teaching

ACCA for past 15 years for the Professional level

5. The fees for next semester is RM 1,240 for F level and RM 1,350 for P level.

Posted 22nd May 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

17th May 2012

This is the offer at Inti Subang starting from July 2012 and here to stay.

There is a new team in town and the team is geared to navigate your studies

successfully to complete ACCA.

Professional level lecturing team in Inti

P1 Mr. Jay

P2 Mr. Jay (Theory Q1 15 marks + Q3 + Q4) + Mr. Dee (Q1 Consolidation, Q2

Mix)

P3 Mr. Jay

P4 Mr. Oviyan

P5 Mr. Adam

P7 Mr. Jay

Offer at Inti July 2012

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Skill level lecturing team in Inti

F4 Mr. Anand

F5 Mr. Adam

F6 Mr. Dee

F7 Mr. Dee

F8 Mr. Jay

F9 Mr. Oviyan

Note that there is a benefit in doing in Inti - 88 hours of class

All the lecturer have more than 15 years teaching experience and are well

regarded by their students.

OBU discount available for each paper that you sign up - RM 100/paper with the

basic fee starting at RM3,600 with BRM - done professionally inclusive.

Graduation is also a guarantee for students that have done majority of the P level

in Inti.

Other benefits would include placement service for the students to Big 4 and other

Mid-tier firms

You will also benefit from getting less stress since there is no threat of barring

students for exams.

International students can apply direct - there is acceptance for you to study here

too.

UH students do get additional progression benefits - so check it out.

Students that have benefited from this blog, please do pass the message around

that you NOW have a NEW option for studying ACCA in Subang Jaya area, that

will be student centered and exam focused.

Posted 17th May 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

4th May 2012

Watch this page for the changes that is coming to Subang ACCA market @ Inti

University College in Subang

[http://1.bp.blogspot.com/-

tZPojsBOyfM/T6PuGCvM5JI/AAAAAAAAEm4/s7SnyqqnJqc/s1600/us_OfficePins_200x200_040511.jpg]

A NEW TEAM AND A NEW DRIVE FOR ACCA PROFESSIONAL - GET READY TO

BE AWED AND IMPRESSED.

Posted 4th May 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

BIG THINGS COMING TO INTISUBANG

29th April 2012 Revision timetable

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Training slots are from

Saturday 5/5/12 - Covers ethical aspects

Monday 14/5/12 - Covers risk & controls aspect

Monday 28/5/12 - Covers governance

Time: 8.30 am to 5.30 pm/ Fee is RM400

Seats available: 8 only

SMS +60178786074 to book.

Posted 29th April 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA

1st March 2012

There are many students that are looking for lecturers to teach them to pass

ACCA P1 paper in Selangor. This state has one of the most highest density of

lecturers for the ACCA market, and here are some of the lecturers for this paper.

Mr. Jay - Inti / KDU / Jpro

Mr. Goh - Sunway

Ms. Kiran - Sunway

Ms.Sheila - Elite Jaya

Mr. Marcus - Kasturi

Mr. Parminder - Kasturi

Mr. Philip Woo - Taylor

Mr Jow - FTMS

Mr. Martin Windle - FTMS

Mr. Krishnan - Bandar

Mr. Sivasathish - PAAC

Mr. Ong - Sunway

Well the above list is not exhaustive and there could be other lecturers out there. I

also know that the following lecturers do teach P1, not sure of the location

Mr. Nafzaar

Mr. Joey

Lecturers in Johor Bharu

Mr. Jay - Sunway JB

Mr. Parminder - Cresendo JB

Mr. Low Chin Ann - Citypro JB

There you go, a more comprehensive list of P1 ACCA Lecturers for KL market,

which is more than Lowyat forum could offer. The above is a list of lecturers and

not a recommendation of who is the best, since each lecturer will have their own

unique ability to deliver the subject matter to the student. There is no implication

to the order of lecturers, that is just the way I remembered them and also had to

Lecturers for ACCA P1 in KL / PJ area& Johor

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research (which means that it comes in later than those that I know off

immediately)

I always feel that it would be wise for a student to switch lecturers if they have not

succeeded after 2 attempts with the same lecturer - a change in the way the paper

is handled could enlighten the students view of the paper.

Examiner: David Campbell

Exam date: 20th June 2012

Days remaining: 112 days left and counting down.

Start your work early - 10 minutes a day = 1120 minutes, which is more than

enough time.

Happy studying for ACCA P1 paper.

Posted 1st March 2012 by Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA