Help Regarding Studying P1

[ziker]

hi
i attempted F7 F8 and P1 in december 2007 exams
i cleared F7 F8 with 65 and 71 marks respetively.
but P1 is failed at 48 marks
my paper was good and i was expecting a confirmed pass in P1 too
.
please let me know how to approach P1 paper.
and the study materials for P1 P2 P3 is not being published in pakistan.
any one with an idea when it would be available in pakistan all the study material including study text question bank etc...
regards
looking forward to hear form u

[alishaACCA]

hello
congrats u passesd f8
i failed in f8
i'm doing p1 at the monent
i'm using lecture notes and attempting passed exams questions alongwith...

[ziker]

its a week over now and i hav'nt got any response to my querry regarding Studying P1 ...
i would be glad to know about my quires..

[alishaACCA]

hi
Distributor:

Professional Business Publications
Mr. Eugene Stanley Williams, FCA
Suit No 3 & 5, 3 rd Floor, Taj Arcade
73 - Jail Road Lahore, Pakistan.
Tel: - 92 42 7591622, 7561871, 7561874 Fax: 92 42 7589971.
For Information Email: info@pbp.com.pk
For Sales: sales@pbp.com.pk
Website: www.pbp.com.pk.



If you are looking to buy GTG Study materials in KARACHI then you can try buying them from these 2 Bookshops which have GTG stock with them.

JAMIA BOOKSHOP : This is situated in ICMAP building around NIPA near Nadeem Medical Square .
Contact no : 4960746 , 03032249377

COMMERCE BOOK DEPOT : This is situated near the Old sabzi mandi .
Contact no : 0300-9226612

[alishaACCA]

view this post for more details

http://www.getthroughguides.co.uk/forum/showthread.php?t=268

[ziker]

thanks alisha
well i m expecting feedback of my query regarding studying P1..
as i am preparing this subject on my own.
what do u think what could be the best approach to pass this paper?

[Nancy]

Hi Ziker

Congratulations on passing F8 and F7 with such good marks. Do not be disheartened by the P1 result since it was sat for the first time and you never really had an idea of the approach to answer.

P1 is an entirely theoretical paper and one may get confused as to how to score marks and how much to write. Time management is of utmost importance in this paper too like all the others. Remember the following points:

1. Question 1 should be answered in 90 minutes max with the remaining 25 marks questions getting 45 minutes each to answer.
2. The first question generally requires to be approached in a well thought out manner. The 25 marks questions seem to be direct questions and hence may be answered first. Accordingly you should take your own judgement of the sequence to follow.
3. This is a professional level paper and according to the examiner’s comments candidates who have understood the importance of the verbs like assess, evaluate, critically evaluate, construct etc and answered accordingly have scored well. He further adds that candidates who expected to pass using “rote memory” have failed in the questions where cognitive level was 2 or 3. Therefore this goes to say that P1 is a subject that requires application of the concepts to the given cases.
4. While studying remember to apply concepts like “good corporate governance practices, codes of conduct, ICGN principles, risk management methodologies etc to real world examples. Read various famous cases like the Enron, WorldCom, Pergamon press etc from our P1 GTG study text. These cases will help you understand how P1 can be applied in practice which a Professional Accountant is supposed to do.

You have missed your target by only 2 marks. This shows that you need to work a bit more on the application of the P1 concepts that you are already well versed with.

[ziker]

thanks nancy for answering me...
thanks for the usefull tips regarding P1.
it realy worths alot.
and i will remember these points while preparing for P1.
what i have judged from my experience is that i have a lack of structring answer...and i need to get this point to pass this paper.
well P1 study text is'nt released in pakistan yet. and i am waiting for GTG materials crazly..
thanks once again nancy
regards

[Nancy]

you are always welcome to come and ask.

Regarding the structure of your answer i would advise that always make a rough structure in your mind first. You may list down all the small points that you want to include. Start by explaining the concept and then write how it applies to the given case. Dividing the answer under different sub-headings and explaining each point separately will also help the examiner know your clarity and may help you score.

[trupti]

hi Ziker

I hope that the guidelines given by Nancy wiil help you

[ziker]

thanks alot Nancy.for such usefull tips...
i am really thankfull to u for this.

[Frost]

ok since this was first attempt of P1 paper how about the seniors give a step by step guidance to the juniors?

like first do the study text but focus on certain topics.. after doing the study text practise to develop your understanding etc so you can answer the questions as the examiner expects..

[Taciturn Tyrant]

Thanx Nancy for such valuable information and guidelines...
i have to appear in p1,p2 and p3 this june...
i deadly want to take distinct marks...
Can u please guide me as to which paper is more scoring... compratiely P1's syllabus is less than others... so i was aiming for p1...
Unfortunately we dnt have the GTG textbooks avaiable here in Pakistan,so can u plzzzz guide as to which other books should be preferred..?
THANX in advance...!!

[trupti]

Hi Taceturn Tyrant

Can you please refer to the previous threads posted by Alisha ACCA.
She has given the addresses of the shops in Karachi & Lahore, where you will get GTG books.

Trupti

[Nancy]

hi Taceturn,

Well, its good that you aim to clear all the 3 essentials papers at the same time. Its a bit tough though. The P1 syllabus though seems short it is a complete theory (so cannot be called scoring) plus a new subject totally with no past papers to rely on. Please read my comments on the paper and study well with lots of planning!! best of luck!

[Taciturn Tyrant]

Thank you sooo much nancy and Trupti for your kind replies...

I really aim to clear rather score distinct in the core papers...

Need lot ov prayers and guidance from u all...

Thanx!!

[kamcreation]

Well the books foe F1-F9 are available.I called the distributer Professional Business Publications and they said that P1 -P7 have not been printed yet and it would take around a month. :mad:


Could you please help me in this regard as i want to study P1 from GTG

[Mukund]

Check out this link and get P1 & other required materials

https://www.getthroughguides.co.uk/acatalog/copy_of_F1.html

[1207201]

Hi Guys,
can some help meto understand what the examiner wants when he/she says :
(1) assess, (2)evaluate, (3) critically evaluate, (4)discuss and expain.
lam doing p1 and f8.
whats the secrete of passing f8?
Regards,
Judy.

[1207201]

Hi Guys,
kindly explain to me the Risk managment
methodologies in PI
Thanking you in anticipation.
Regards
Judy.

[bwalcha]

Hi Ziker

Nancy did a wonderful job there

[Mossadiq]

Hi
I think passing P1 is an easy task compare to other Professional papers. My suggestion is to revised reivsion kit logically then all topic will be in your grip. Main topics are Corporate Goverance (The role of non excutive committes i.e Audit committe , rumeneration commitee , Risk Managment committe), Stake holder interest in exting & new projects.

Reagrds