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P1 - Professional Accountant

About the paper

Paper P1, Professional Accountant, is a new compulsory paper in the Essentials module at the Professional level of the ACCA Qualification. The syllabus covers a set of issues, knowledge of which is required to understand how accounting in a business context contributes to, and is underpinned by, governance and ethics. These are divided into the sections of the syllabus, which are as follows.

  • The corporate governance section: this section discusses many recent governance failures and the reasons for these as well as the correct procedures to be followed.

  • The ethics section: this section highlights the importance of the ethical assumptions that surround any profession and system of governance. It also examines the ethical frameworks that inform practice and guide practitioners.

  • Internal controls and risks sections: these sections discuss risks and internal control systems from the perspective of the board.

About the GTG textbook

The book has been written and reviewed by an international team of professionally qualified subject experts. It has been designed to be as ‘student-friendly’ as possible, enabling you to get through paper P1 with the minimum of hassle.  The P1 book contains the following special features:

Sample Pages: Click to view large

                                                  

  • all learning outcomes covered in sequence according to the ACCA syllabus

  • important portions of text highlighted for ease of learning

  • interactive text containing real life examples which will help you to understand the concept better

  • real life cases from the published DTI reports Example

  • diagrams acting as a visual aid to learning and memory retention for many difficult P1 concepts Example

  • synopses to make sure that you need not go through the entire text while you revise Example

  • quick quiz, test yourself and self examination questions based on real life business scenarios for each Study Guide to make sure that you have enough practice for each concept Example

P1 is a subject requiring a lot of application of the knowledge to the day-to-day jobs of a professional accountant. The text accordingly tries to equip the student to use this knowledge in his / her professional life. The case studies incorporated in appropriate places and the examples (which relate to today’s business conditions) are an effort in this direction.

Overall, the GTG text for Professional Accountant is designed not only to help you earn marks and pass that exam but also to turn you into a “true professional accountant”.

Price: £20
Suitable for June and December 2008 exams
ISBN 978-1-84808-033-1