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17 August 2007


Faizan Ahmed Dogar

Is there anyone who can guide me on how to pass Paper P1 on the first attempt with good marks?



I am studying P1 for June's exam.

Would any one give me some advice on the way you've learned and passed the exam.

Is distant learning necessary? Is the text book from BPP useful?

Thank you


A total disaster for me, because I rely heavily on SFM and performance management.

The worst thing about the theory paper is that you can write pages and pages still unsure of the actual result!


My opinion is that if somebody is ethical him/herself, then P1 can help to understand existing and prospective ethical issues better. P1 can act as a starting point for the professional ethics expertise and experience.

Indeed, for every accounting professional, to be ‘highly’ ethical is much more important than to be highly technically proficient but ‘less’ ethical. Being ethical, the less skilled professional will always try to act with integrity and will ask for an advice if he/she lacks knowledge in some technical areas.

On the contrary, the technically proficient professional, if lacks ethical values, will act harmfully, both for his/her employer and the public.

For non-ethical accounting professionals, P1 can serve as an introduction of an alternative behaviour, though it can make some of them more resistant, when then forced to sit an ‘undesired’ ethical exam.


I think AFM was a great subject, and I believe it contributed more to your work as an accountant than the professional accountant module. There is an online ethics module for ACCA students and I guess that should have served the purpose for covering the ethical issues.


In the wake of all these recent scandals, and ACCA's quick response to the paradigm shift, it is refreshing to know that the new TDM/PER focuses on 9 soft skills and 4 technical skills compared to the years before where it was technical skills all the way.

While a paper (P1) drills in good values and ethical judgement to the becoming accountants, the effect of the real world is still questionable.

Ethics and professionalism are still something far away from reach, in certain countries where political, economical, and sociological circumstances have affected every walk of an accountant's 'professional' life.

What is more important is the integrity of the person holding the ACCA tag, and the things he/she can change. A paper is judged based on answer schemes, 'Best Practices' can be purged out into a well-written paper and yet the man holding the pen may be doing the exact opposite.

It is most welcome to introduce the paper, but again, one must 'walk the talk'.


I am not too sure. I class P1 as one of those papers that do not add too much value. For instance, ethics is a really complex subject and I do not think P1 is going to change a great deal. Sure, it can tell us a few options to practice "good" accountancy but it is unlikely to make one more or less unethical.

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