ACCA P2 Corporate Reporting

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.

Syllabus changes:

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.
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ACCA course notes

Free ACCA P2 course notes

NEW! Extra chapter for Paper P2 December 2014 Exams

View P2 notes on line

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.



ACCA video lectures

Free ACCA P2 lectures

To fully benefit from P2 lectures you must use our P2 notes.

Watch P2 lectures


ACCA articles

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! Student Accountant Article summary: Bin the clutter

Accounting for Intangible Assets

Compound Financial Instruments

ACCA Exam Technique

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To download please login (registration is free)

Exam technique video: Groups with accounting standards


Tips for ACCA Paper P2 December 2014 exams

Question 1

Consol SoFP including foreign subsidiary (last asked in June 2011)

Questions 2 and 3

Various IAS / IFRS – possibly Leasing, Revenue, Provisions and Contingencies, Almost certainly Agriculture (new to syllabus)

Question 4 – 3 technical articles from SA:

  • Impairment of financial assets
  • Hedge accounting
  • When does debt seem to be equity
    Also:
  • Integrated reporting (new to syllabus)

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.