November 21, 2012 at 8:51 am #55557
Q1 Consolidated cash flow (35)
Or corporate governance matters
Or management commentary
Q2 various IASs / IFRSs eg earnings per share, revenue, borrowing costs, asset impairments
Q3 reconstruction of a single company
Q4 IFRSs 10, 11, 12 and / or 13
Question 1: Group statement of cash flows plus ethics, possibly including inappropriate application of IFRS 10 and/or accounting errors.
Other questions: Content of Questions 2, 3 and 4 can come from any part of the syllabus.
Possible topics which may be examined include:
• Employee benefits and share option schemes.
• Financial instruments.
• Foreign currency.
• Fair value measurement.
There will be 4 questions. The compulsory question for 50 marks will cover consolidated financial statements with adjustments on other syllabus areas, plus written parts, often in the context of accounting adjustments and ethics. You need to do two of the three 25 mark questions in section B of the exam, one of which is normally set in the context of a ‘specialised industry’ and one being a discussion question on current developments. Discontinued activities, acquisitions and disposals (SPLOCI and/or SOFP) or a statement of cash flows are possibilities for the consolidation part of the compulsory question this sitting, while application of the definition of control, management commentary, disclosures, fair values, improvements in performance measurement, conceptual framework or leasing are possibilities for the discussion question.
Q1 Group question on disposals, piecemeal acquisitions or cashflow.
IFRS 13 Fair values – current issue.
Share based payments.
Q1 Complex group OR group cash flows plus manipulation of financial
information and related ethical issues.
Q2 Case study on investments: IFRS10/11, IAS28(2011) & IFRS9/13 if Q1 is cash flows OR case study on deferred tax (IAS12).
Q3 Mixed scenario on accounting standards: IAS19/21/24 & IFRS5.
Q4 Essay on application of Framework’s “faithful representation”.
Group comprehensive income (or cash flow).
Financial instruments. Deferred tax. Pensions Non current assets.
The usual mix of standards in the mix question.
Joint arrangements, fair value or hedging as current issues.
Source : PQ Magazine
best of luck with exam!
ansiNovember 21, 2012 at 11:28 am #108161
cheers mate, thats really helpfulNovember 21, 2012 at 8:10 pm #108162
Thank you Ansi!November 22, 2012 at 11:26 am #108163
Thanks a bush Ansi!November 26, 2012 at 5:09 am #108164
thanks a bunch!!! really helpful for me to do revisionNovember 28, 2012 at 3:22 pm #108165
Well guys like me should follow these topics now.smart study is what all requiredNovember 28, 2012 at 9:03 pm #108166
When Kaplan refer to “employee benefits” as a possible topic to be examined, they are refering to the share based payments right? and not refering to pensions (IAS 19 upadated) .
Hope someone could clear this up for me.
many thanks.November 29, 2012 at 5:07 pm #108167
Its conform that Group Cash Flow will not be tested in these examination.November 30, 2012 at 9:59 am #108168
@asifkhan4806 what’s your source that confirmed cash flows won’t be examined in the December 2012 sitting/ how do you know this?November 30, 2012 at 10:04 am #108169
asifkhan4806, also i’d like to know where you got this info from? if anything It’s high likely that the group consolidated SFP wont be examined because it has come up on the last 4 papers. and the cash flow has up every 2 years since 2006 (december examinations)November 30, 2012 at 10:12 am #108170
Can anyone please let us know if this is in fact true as its the most important stage of revision for everyone …
ThanksDecember 1, 2012 at 2:46 pm #108172
I saw the technical article on ACCA p2 are talking about lease and FI but no one mentioned them on the tips. can anyone advise on this?
thanksDecember 1, 2012 at 7:11 pm #108173
Leases came up in June and were a big part of the exam. So it is highly unlikely that it will come up again, but there is always a chance. Up to yourself really, whether to cover it or not.December 1, 2012 at 7:52 pm #108174
@eoglasain, Just looked at the June paper and its only come up as a 7 mark question? Are you talking about the international paper June 2012?December 2, 2012 at 5:50 pm #108175
Yeah. Must have been the 7 mark question. I am trying to forget that paper, not my finest exam. P2 Int paperDecember 4, 2012 at 1:45 pm #108176December 10, 2012 at 4:06 pm #108177
Who thinks deferred taxes will be this time? I hate taxes!December 10, 2012 at 8:00 pm #108178December 10, 2012 at 8:53 pm #108179
I really hope anything to do with IAS 12 does not come as I dont understand anything in it! Well I can live with it if it comes in a cash flow in Section A.. but anything else would be a nightmare! Fingers crossed! good luck everyone!December 11, 2012 at 4:02 am #108180
Good luck everyone….. Attempt all questions
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