How to prepare for P2

start straight with the P2 Syllabus.( the revesion of F7 will be included in P2.)
if you find something that you cannot understand, ask it in the ask the tutor forum.

Table 1 – Additions to P2 INT

There have not been any additions to the study guide for the exam year commencing 1 September 2015.
However there have been minor amendments to the wording of some of the study guide outcomes mainly
corresponding to changes within examinable documents.

Section and subject area Syllabus content
C1b) and c)) Discuss and apply the criteria that must be met before
an entity can apply the revenue recognition model to
that contract.
Discuss and apply the five-step model which relates
to revenue earned from a contract with a customer
C3d) Apply and discuss the treatment of the expected loss
impairment model.
H3a) Discuss current issues in corporate reporting,
including:
i. recent IFRSs
ii. practice and regulatory issues
iii. proposed changes to IFRS
iv. problems with extant standards [3]
(This outcome has been expanded to clarify the range
of issues that may be tested within this subject area)

Table 2 – Deletions to P2 INT

There have not been no specific deletions from the study guide for the exam year commencing 1 September
2015. A number of outcomes have been combined or removed as detailed in the table below.
Section and subject area (in prior year study guide) Syllabus content
C6 a) and b) Outline the principal considerations in developing a set
of accounting standards for SMEs
C 8 a) and b) Discuss the reasons why the IFRS for SMEs does not
address certain topics.

The syllabus must be read in conjunction with the Examinable Documents list. The main changes for the year
from 1 September 2015 are the inclusion of IFRS 15 Revenue from Contracts with Customers and IFRS 9
Financial Instruments (July 2014), as well as changes in the list of exposure drafts and discussion papers that
are examinable.

source = https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p2/studyguides/p2-sg-sep15-jun16.pdf (page 12)