Free online study materials and support for ACCA P2 Paper
ACCA Paper P2 – Key to success
There is no change to the format of the exam in December 2014.
There have been no changes to the syllabus, but references to a framework for environmental and sustainability reporting have been amended to refer to the draft Integrated Reporting Framework.
Nature of the ACCA P2 paper
ACCA P2 Paper – Corporate Reporting – a ( big ) step up from F7 Financial Reporting – is to apply knowledge and skills and to exercise professional judgement in the application and evaluation of financial reporting principles and practices in a range of differing business situations.
Free ACCA P2 notes
To fully benefit from these notes please access our free lectures below.
Note: These course notes are not meant to replace study texts. To succeed in your exam, you need to get updated Revision kit from an ACCA approved publisher.
Copyright: Selling or profiting in any way from these notes without our permission is prohibited. If you would like to use our course notes in your college, please check our OpenLicence for details.
Free ACCA P2 lectures
To fully benefit from P2 lectures you must use our P2 notes.
ACCA P2 Articles
Impairment review of goodwill
Specially for OpenTuition students, Tom Clendon shares a chapter of his book: “A Student’s Guide to Group Accounts”
NEW!!! Download Chapter 20 Group Cash Flow Statements – from “A student’s guide to group accounts” by Tom Clendon as published by Kaplan.
Tips for ACCA Paper P2 June 2015 exams
Question 1 A “D” shaped group question including also a joint venture with all the usual problems (unrealised profits, goodwill impairments, share based payments, pension funds)
Questions 2 and 3 – typical questions with various IAS / IFRS issues
Question 4 – current issue question. Recent technical articles in Student Accountant include:
- Integrated Reporting
- Hedge Accounting
- Impairment of Financial Assets
- Leasing – Operating or Finance
- Concepts of Profit or Loss and Other Comprehensive Income
- IAS 41 Agriculture
Tips should not be relied on – they are only intelligent guesses.
Their only purpose is to give you suggestions for topics to concentrate on in your last few days of preparation. Do not exclude other topics from your overall preparation.
Examiners Recommended Reading
“International GAAP 2006” – Ernst and Young LexisNexis
International Financial Reporting Standards (IFRS) Workbook and Guide: Practical insights, Case studies, Multiplechoice questions, Illustrations: Practical … Multiple-choice Questions, Illustrations Abbas Ali Mirza, Graham J Holt, Magnus Orrell. Wiley (2006)
These books are recommended by the examiner . If you are having problems with a particular paper, or if you want to do extra reading out of interest, then you might them useful.
The most efficient way of obtaining them is from Amazon in the UK.