how to study for P1 exam and how many hours in a week should be alloted for this exam?
You should study atleast 2/3 hours a day (5 days a week). It is all theoretical so instead of just reading the study text try to practice questions as soon as you finish a certain topic/chapter.
Knowledge is very important. You have to memorize the basics and then apply it to the scenarios. For this you'll need to practice questions. You must cover the whole syllabus. Don't question spot and Don't focus on certain areas and ignore others.
Exam technique: They way you utilize your time at the examination hall is extremely crucial. You must use your reading and planning time effectively. Next step is that you should allocate proper time to each question and move on to the next part of the same question or the next question as soon as the allocated time ends. This will ensure that you attempt every requirement and you'll have more chances of passing.
Make sure you read the requirements properly as one sentence sometimes contain 2 requirements and students ignore the second one. Make sure you use proper format such as report etc as asked by examiner and one of the common mistake is that the examiner is asking something else and student answer a completely different answer. Focus on the VERB of requirement. Justify your reasons as only the discussion of facts won't lead you to pass the exam. Justify your arguments with solid reasons and always end with a good conclusion.
This technique will help you pass every exam.
Specific Guidance for P1: Corporate governance topic will always feature in the exam in some way. Something that has been examined in the previous sitting might appear again. Don't assume that it can't. Read examiner's comments and feedback on exams and technical articles. Technical articles do form part of exams in some way as I have experienced so read them. And lastly focus on APPLICATION of knowledge
Best of Luck.
1)Try to write ur own study note! Differentiate them in 3 parts, Governance, Risk and Ethic!
2)Identify the models and memorise them!
3)When u r practicing ur past year papers or exercise question, u must answer it using ur "professional thoughts" which align with Acca, no more "skilful writing"!!!
4) MUST log in ur Acca account and finish all the ethical module!!!