Practice and Revision Kit

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PAPER P1
GOVERNANCE, RISK AND ETHICS

P R A C T I C E & R E V I S I O N K I T

BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for the ACCA qualification. In this, the only Paper P1 Practice and Revision Kit to be reviewed by the examiner: • • • • • • We discuss the best strategies for revising and taking your ACCA exams We show you how to be well prepared for your exam We give you lots of great guidance on tackling questions We show you how you can build your own exams We provide you with three mock exams including the December 2010 exam We provide the ACCA examiner's answers as well as our own to the June and December 2010 exams as an additional revision aid

FOR EXAMS IN 2011

First edition 2007 Fifth edition January 2011 ISBN 9780 7517 9408 3 (previous ISBN 9780 7517 8058 1) e-ISBN 9780 7517 8730 6 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library

Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom

All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd.

We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested solutions in the exam answer bank have been prepared by BPP Learning Media Ltd, except where otherwise stated.

Your learning materials, published by BPP Learning Media Ltd, are printed on paper sourced from sustainable, managed forests.

© BPP Learning Media Ltd 2011

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Contents
Page

Finding questions
Question index ................................................................................................................................................................. iv Topic index ..................................................................................................................................................................... vii

Helping you with your revision – the ONLY P1 Practice and Revision Kit to be reviewed by the examiner ......................................................................................... xi Revising P1 ............................................................................................................................................................ xiii Passing the P1 exam....................................................................................................................................................... xv Exam information .......................................................................................................................................................... xxii Useful websites ..........................................................................................................................................................xxviii Key articles ...................................................................................................................................................................xxix

Planning your question practice
BPP Learning Media’s question plan.............................................................................................................................. xlii Build your own exams.................................................................................................................................................. xlvii

Questions and answers
Questions..........................................................................................................................................................................3 Answers...
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