FTC: Dec 2007 Exam Tips (P1, P2, P3)

P1

Following are the Exam Tips by FTC Kaplan that are likely to appear in December 2007 sitting of P1 Professional Accountant.

• Director Remuneration Packages
• Roles / Problems with NEDs
• Unitary v 2-Tier Boards
• Criticism of a company’s current Governance
• How/whether companies should deal with stakeholders
• Board – Performance Evaluation
• Role of internal Audit + Audit Committees
• Different Ethics Models in business
• Identification + Management of risks in a company

P2

Following are the Exam tips for P2 Corporate Reporting that are likely to appear in Dec 2007 Attempt:

•  Group accounts – foreign currency or cash flow
• Accounting standards set in a case study environment, including
• Impairment (IAS 36)
• Financial instruments (IAS 32 & 39)
• pension and  retirement benefits
• Discussion – conceptual framework

P3

Following are the Exam Tips by FTC Kaplan that are likely to apper in December 2007 sitting of P3 Business Analysis.

• A fundamental appreciation of the key activities associated with strategic analysis, choice and implementation will always be required in interpreting the scenario.
• The relevance of ethics and corporate governance to strategic decision making
• Issues related to globalization and international business management
• Be able to comment in general on how things like HR and IT can help underpin a strategic plan
• Review the pilot paper and make sure you know what CMMI is.