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Opentuition
Q1 Consolidated cash flow (35)
Environmental considerations
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 13Kaplan Financial
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:
• Reconstructions.
• Employee benefits and share option schemes.
• Financial instruments.
• Foreign currency.
• Fair value measurement.BPP
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.
First intuition
Q1 Group question on disposals, piecemeal acquisitions or cashflow.
Ethics.
IFRS 13 Fair values – current issue.
Deferred Tax.
Share based payments.LCA
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”.LSBF
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
https://www.pqaccountant.combest of luck with exam!
ansi- Topics: 0
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thanks a bunch!!! really helpful for me to do revision 🙂
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Well guys like me should follow these topics now.smart study is what all required
Hi guys,
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.
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Its conform that Group Cash Flow will not be tested in these examination.
@asifkhan4806 what’s your source that confirmed cash flows won’t be examined in the December 2012 sitting/ how do you know this?
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)
Can anyone please let us know if this is in fact true as its the most important stage of revision for everyone …
Thanks
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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?
thanks
@ricesml said:
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?thanks
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.
@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?
Yeah. Must have been the 7 mark question. I am trying to forget that paper, not my finest exam. P2 Int paper
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@eoglasain said:
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.thanks man, did you know which question are most ppl ignored on section B? Tks.
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@lsoltobaeva said:
Who thinks deferred taxes will be this time? I hate taxes! 🙁@lsoltobaeva said:
Who thinks deferred taxes will be this time? I hate taxes! 🙁I hate tax too and hope a easy cash flow will come on Q1 🙁
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@lsoltobaeva said:
Who thinks deferred taxes will be this time? I hate taxes! 🙁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!
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Good luck everyone….. Attempt all questions
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