Anyone doing the UK stream P2 exam.I entered for UK stream as i live in UK and assumed that is the paper i had to take. I now realise this is not the case but i cannot amend now.
Anyway from what i have studied, there are not many major differences between the two standards. However it is said up to 20% of the paper may be based on UK stream.
I wondered what kind of questions these may be? A lot of the differences are very straight forward but they cant surely be 20marks worth? Any advise appreciated.
In the same situation as you, unfortunately.
They’ll be spread all over the paper – lets hope that some of them are in Q4 – where most peeps wont attempt.
Have a look at the extra material – they have examples with calulations. That should be a starting point.
thanks for replying. I am going to make notes on all the najor differences as stated in the textbook and just hope i can remember them for the exam. It just seems like unnessary extra work for an already difficult paper. But i am pretty confident if shouldn’t have much effect on my result.
I am actually planning to the do the Q4 as i see that recent papers usually have a 7/8mark easy calculation question as part b. So if the main current issue questions are not too intimidating, i think its a good question to attempts
I’ve also heard that the examiner writes the International paper and then adjusts the other variant papers a little to bring in the differences.
Could do a INT v UK paper comparison.
Any ideas what the Q4 topics will be?
Sorry about the very late response.
Its likely to be on Fair Value measurement or the new standards IFRS10,11,12 which relates to Consolidated Statement (control), Joint Arrangement & Disclosures of them.
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