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Or attempting revision kit questions while understanding the concepts examined therein suffice to get an easy pass mark at P2 ?
I ask this because many bits and pieces of the Standards does not contain an example or exam standard question set on them so far and it’s very difficult to apply those bits in an exam question by just reading their theory.
So please guide in this regard those who hv had experience with a P2 exam and specially the tutor Mr. Mike Little.
Regards.
Someone once told me, if you want to pass P2, know your standards, i would think it should be a mixture of both, know your standards, then practice questions, However, if you look at IFRS Wiley book its 1,020 pages heavy and believe me, the examples are tough ! and can be non motivating !
Anyway i will let admin or Mike comment
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I wouldn’t say a thorough understanding is crucial. I’d say a knowing the purpose or what the standard is trying to achieve is better. That way you can answer any scenario that pops up in the exam.
@hassanatcams – If you want MikeLittle to answer your questions you have to ask it in the “Ask the tutor” forum.
I did P2 Dec 2014 passed first sitting.
I used the BDO IFRS at a glance to learn the standards.https://www.bdointernational.com/Services/Audit/IFRS/IFRS%20at%20a%20Glance/Documents/IAAG.pdf\
Mike’s lectures, Technical articles and past paper practice.
A good bit of the questions is based on understanding the standards so practicing as much past papers as possible is a must.
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