Contents 

 Page 

Finding questions 

Question index..................................................................................................................................................................v Topic index.....................................................................................................................................................................vii 

Helping you with your revision ......................................................................................................................x 

Revising P1 

Topics to revise................................................................................................................................................................xi Reading articles................................................................................................................................................................xi Question practice.............................................................................................................................................................xi Passing the P1 exam.......................................................................................................................................................xii Exam information...........................................................................................................................................................xix Useful websites ..........................................................................................................................................................xxviii 

Questions and answers 

Questions..........................................................................................................................................................................3 Answers..........................................................................................................................................................................71 

Exam practice 

Mock exam 1 

 Questions............................................................................................................................................................307 

 Plan of attack.......................................................................................................................................................313 

 Answers...............................................................................................................................................................315 Mock exam 2 

 Questions............................................................................................................................................................333 

 Plan of attack.......................................................................................................................................................339 

 Answers...............................................................................................................................................................341 Mock exam 3 (December 2013) 

 Questions............................................................................................................................................................357 

 Plan of attack.......................................................................................................................................................365 

 Answers...............................................................................................................................................................367 

ACCA's exam answers 

 June 2013............................................................................................................................................................383 

 December 2013...................................................................................................................................................393 

Review form 

 iii