Home study Possible for P2?

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  • Profile photo of Smartperson
    Smartperson
    Participant
    • Topics: 3
    • Replies: 19

    Its already march and no tutor is available in my locality as they have started p2 session from january.
    i m totally confused, i did F7 home study in june 2010 and clear it in my first attempt.
    any advise.


    Profile photo of ladyk
    ladyk
    Member
    • Topics: 0
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    Hiya,

    I’m not sure if it is feasible to attempt P2 as home study…..you will need to be very aware of the IFRSs and IASs in detail, as any of these can be tested….there are quite a few of them, so have a look at the P2 syllabus to get an idea of this.

    In addition, you’ll need to make sure that you are happy with a consolidated balance sheet, consolidated income statement and consolidated cash flow, as any of these can be tested in the section A question, worth approx. 50% of the paper.

    I studied with Kaplan, where it was useful to have a plan of how to go through the workings for each scenario (consolidated balance sheet, etc), and that’s what you can stick with to prepare yourself for any eventuality.

    I am sure that there are others out there who have studied P2 self-study and have been successful in passing the paper, so it may be useful to get some tips from them.

    I don’t know if this helps, but whatever the situation, I wish you good luck in your studies!


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    bailey78
    Participant
    • Topics: 3
    • Replies: 18

    Hiya
    I hope it is possible I am attempting this paper home study I am repeating but it was 2 years ago since I attempted this paper so much has changed. I am just working through the Kaplan book & hope to do lots of questions from the kit. The only thing is I might do the revision weekend I am lucky to have one near by.

    I know its a huge amount of work so I hope to get involved in the study group on this site for help on difficult areas.
    So good luck with the study


    Profile photo of chupa
    chupa
    Participant
    • Topics: 0
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    Hey guys am also doing home study and was wondering if the syllabus has changed?
    Cos i have last years Kaplan manual and was wondering if it is still updated for this sitting. Good luck with the studies!


    avatar
    fidget
    Moderator
    • Topics: 7
    • Replies: 134

    There are some changes effective from the June 2011 exams onwards.

    For the UK version the changes are:

    Based on International Reporting Standards (IFRS)
    More content on legal requirements re submission and reporting of accounts
    Key differences between UK GAAP and IFRS becoming examinable
    More focus on requirements for SME’s
    New topic – Entity reconstructions
    IFRICs not examinable for June 2011

    For the int. version:

    More focus on requirements for SME’s
    New topic – Entity reconstructions
    IFRICs no longer examinable

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