I have just sat the p1 paper and sat p3 in march and I was just wondering whether the next paper I should choose should be p2 or the option papers? What would you recommend? Also, will the knowledge from P2 be helpful for P4/p5 or P6 as would it then be advisable to do P2 first for this knowledge to be used in those option papers? Finally, what is the difference between the UK and international paper for P2, is the UK version only needed if you want to practice audit? As I am not planning to take P7 anyway.
You do not need any knowledge of P2 for P4, P5 or P6 but it is useful for P7. The UK variant examines UK accounting standards, whilst the International variant examines International accounting standards (IFRS/IAS).