阶段复习直播p1期中讲义

1Key作为P1的高频考点，一直以来以“defineandevaluate”的模式Define‘transparency’andevaluateitsimportanceasanunderlyingprincipleincorporateernanceandinrelevantandreliablefinancialreporting.Youranswershouldrefertothecase而在Jun2014的Q1中，考官对三个principles进行了考Q1(a)TheunderlyingprinciplesofcorporateQ1(a)Theunderlyingprinciplesofcorporateernanceincludetransparency,judgementandreputation.ExinthesethreetermsandassesstheXaxaboard’sperformanceagainsteachone.(9marks)由此可见，对于keyprinciples的准备不能仅局限于常考的在上次考试中，考题的思路没有过多变化，依然是define&evaluate模式,只不过换成了exin&assess的提法，只不过是一次问了三个keyprinciples.我们应当适应这种形式。1 第一种，OMG，what’sthis?会比较了。但是，仍然可以写写无关痛痒的话来装装门面。比如，你根本不认识scepticism,Scepticismisakeyconceptwithgreatvalueindealingwithcorporateernanceissues.就知道是废话，但起码你努力了（makesomeeffort）。我们仍然第二种，Oh,yeah!那么，你就稳稳地知道内容写上去。对2.Constructthecase,criticallyevaluate,阶段非常看重对知识应用。在这个部分，我们要能够灵活结合第一部分比如说问了你definescepticism.assess企业的performanceintermsofdischargingthespiritof.3如果有了scepticism会怎么样。在inthecase以上，iim的位置换任何一s，tlctlctivitis,fnmetliciples……都适用。对于cprte ence鼓励有的“东西”，而案例中的主人公没有的东西，我们都可以采取这种思路来。P阶段的考试没有一拿分的“套话”，但有一定拿分的“套路”。以上就是“D&E套路”。同学们体会一下这类答题思路，面对不题型要能灵活使用。我们拿几道题来感受一下。11J11JQ3-bRefertoQuiz(b)Define‘transparency’andconstructthecaseforgreatertransparencyintheernanceoftheHoraceHoiOrganisation.(8marks) PilotPilotpaper(b)WithreferencestoProfessorCheung’scomments,exinwhatismeantby‘integrity’andassessitsimportanceasanunderlyingprincipleincorporateernance.(7marks)DefineIntegrityisgenerallyunderstoodtodescribeaofhighmoralvirtue.Aofintegrityisonewhoobservesasteadfastadherencetoastrictmoralorethicalcodenotwithstandinganyotherpressuresonhimorhertoactotherwise. positionofthehigheststandardsofprofessionalismandprobity.Importanceofintegrityin reasons.Codesofethicsdonotcaptureallethicalsituationsandtheimportanceofthevirtueoftheactorratherthantheethicsoftheactionisthereforeemphasised. perceptionofcompetenceandintegrityandinthisregard,accountingcanperhapsbecomparedwithmedicineAsanunderlyingprinciple,integrityprovidesabasicframeworktoguideanaccountant’sprofessionaland Finally,integrityunderpinstherelationshipsthatanhaswithhisorhers,auditorsandothercolleagues.Trustisvitalinthenormalconductoftheserelationshipsandintegrityunderpinsthis.2Agency12J12JQ1--Quizii)AbriefexnationoftheagencyrelationshipbetweentheboardofHayhoandQuarkInvestments,andadviceonwhythedemandsfromWatchingBusinessshouldbecarefullyconsidered.(7marks)TheboardofHayhoexistsinanagencyrelationshipwithitsshareholders,whocollectivelyowntheandhavethelegalandmoralrighttodetermineobjectives.Asagentsofourshareholdersandappointedbythem,wehaveafiduciarydutytoseektomanagethe’sresourcesfortheiroveralleconomicbenefit.InthecaseofHayho,aswithmostbusinessorganisations,thisinvolvesisingreturnsconsistentwithourcomplyingwithrelevantlaws,regulationsandnorms.QuarkInvestments,asoneofourmajorshareholders,haseveryrighttoremindusofthisdutyandweshouldtakeitsreminderveryseriously.2010/062010/06(c)ExinwhatanagencyrelationshipisandexaminetheboardofHPC’scurrentagencyrelationshipa