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In Shenzhen China , i cannot download or enter Opentuition.com
is there any way to download and send by email to me expecially the Notes on P2thank you.
Yeah I am P2 only. (last paper) hope to clear this September, 2015 for all.
Perhaps I will let you know the notes of
Accounting Practice Centre
https://accounting.apcglobal.com
provides excellent online and notes at reasonable fee, worth it.I used their notes and Good hot tips all there in exam well covered.
All papers available.Bernard
email me please.Very important to follow the technique….
ACCA
P2 Exam technique
( see also the section on general exam technique )
? in the reading time read the requirements for all four questions – don‘t bother looking at
the !gures nor the notes relevant to the questions. Just read the requirements.
? Q1 – what else is involved in the question as well as consolidations? What sort of
consolidation is it – Statement of Financial Position, a Statement of Income with / without a
Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash
Flows, a foreign consolidation?
? the question often has !ve or six different parts to it – so what else is involved? Corporate
governance? Environmental concerns? Ethics?
? Q2 and Q3 – which IASs / IFRSs are being addressed in these two questions? Does either
question ask for a report / memo? Correct style and persuasive content will be worth two
to four marks
? Q4 – what‘s current? Keep up to date with the examiner‘s articles – he writes quite
frequently and very clearly. Personally I would in most cases try to avoid the 25 mark
discussion question – it can be very difficult to accumulate sufficient points to earn even a
bare pass mark of 13
? where to start?
? this is a matter of personal preference – having selected which question you are going to
leave out, do you then start with a 25 marker, then question 1 and !nish with the remaining
25 marker?
? or do you head straight into question 1?
? the only problem I can envisage with starting with question 1 is that it will be too easy to
overrun your allocated time and thus steal time from the two 25 markers. Can you be strict
with your self-discipline? If you are con!dent that you will not get pulled too deep into the
!gures in question 1, then go down that route
? within question 1 itself, there will likely be four or !ve sub-questions. These mini-questions
do not normally relate closely to the calculated solution which you are hoping to reach
so….?
ACCA Exam Technique Articles OpenTuition.com
For huge selection of free ACCA notes, lectures and articles please visit https://opentuition.com/ 1
? do these smaller part-questions BEFORE you get into the consolidation numbers –
otherwise, you‘ll get swallowed up by the computations and never get to parts b, c, d and e!
That‘s 15 marks gone!
? should I write out a proforma !rst and then put in the easy !gures?
? there are NO marks for proformas! Statements of Financial Position, Income,
Comprehensive Income, Changes in Equity, Cash Flows? NO MARKS FOR PROFORMAS!
? sorry!
? but calculate the goodwill correctly, or the Provision for Unrealised Pro!t ( PuP ), or interest
paid for a cash $ow – they will all score marks – even if you don‘t get round to putting them
in a “!nal” Statement
? Q1
? follow the OpenTuition lectures and set your workings out in consistently the same
sequence – every time – you should !nd that that helps.
• W1 – group structure
• W2 – goodwill
• then the PuP calcuation
• W3a and W3b ( gain / loss on disposal / part disposal of subsidiary )
• W3 – consolidated retained earnings
• W4a – nci on the SoFP
• W4b – nci on the SoI ( strictly, the SoCiEty )
• W5a – investment in associate
• W5b – our share of associate‘s this year‘s pro!ts
? reduce the problem to an automatic process and you should !nd it easier!
? there are often 6, 7 or 8 paragraphs of notes at the end of the !gures in Q1
• start
at
the
last
one
–
say
number
8
• it often involves nothing at all – other than telling you the basis of the nci valuation at
date of acquisition
• then do number 7 – often some simple calculation like a dividend proposed but not yet
accounted for
• number 6 is often relatively straight forward as are also numbers 5, 4 and 3 – they will
involve deciding whether a !nancial instrument should be valued at fair value, whether
ACCA Exam Technique Articles OpenTuition.com
For huge selection of free ACCA notes, lectures and articles please visit https://opentuition.com/ 2
a potential liability should be accrued, whether an asset needs to be impaired, whether
inventory value needs adjusting or whether revenue should be recognised on a basis
different to the existing basis.
• these are not intended to be a comprehensive list of possible adjustments – merely
illustrative of the sort of matter you could expect to !nd
• each of these notes requires a clear working to explain / calculate the amount and
effect of the adjustment necessary
• this should now leave you with just numbers 1 and 2 which typically will give you the
information about the acquisition / disposal of the subsidiary and the associate
• DO NOT get stopped by any single note – if you can‘t do it – LEAVE IT and come back
later when you have picked up the marks you can collect
• when you do come back to it, if you still cannot manage to !nd a solution, then GUESS –
but do not be tempted to start verbal explanations to the marker about what / why /
how you have arrived at the guessed !gure – simply put “say $50,000”
? Q2 and Q3
? establish the style which has been required – report / memo or letter or simply a comment
on the directors‘ choice of accounting treatment – more often than not, they are incorrect,
but not always!
? typically the questions will be sub-divided into four or !ve parts
? make sure that you correctly allocate your time to allow a reasonable effort at ALL parts of
the question
? Q4
? current affairs
• the
examiner
has
said
that
he
will
examine
each
new
IFRS
at
the
earliest
opportunity
• so keep your eye on the accountancy press and Student Accountant
• occasionally, question 4 has a computational element but, more often than not, it‘s
pure discussion
• personally, nine times out of ten, I would avoid it
• it is excessively difficult to produce 25 markable points in a discussion within 45
minutes
• it‘s difficult to produce half that number, yet that is what you need to get a passing
grade on this question
ACCA Exam Technique Articles OpenTuition.com
For huge selection of free ACCA notes, lectures and articles please visit https://opentuition.com/ 3
• if you really do have to attempt question 4, follow the usual rules about planning what
you are going to write. This becomes particularly relevant when you are tackling a
question about which you could very well know not much at all
• remember, each valid point should be earning a mark for you
• your target is therefore to think, plan and write 25 markable points
• ok, you won‘t achieve that, but at least let that be your target
? the examiners like the answers to be subdivided into sections with appropriate headingsYeah I am P2 only. (last paper) hope to clear this September, 2015 for all.
Perhaps I will let you know the notes of
Accounting Practice Centre
https://accounting.apcglobal.com
provides excellent online and notes at reasonable fee, worth it.I used their notes and Good hot tips all there in exam well covered.
All papers available.Bernard
email me please.Very important to follow the technique….
ACCA
P2 Exam technique
( see also the section on general exam technique )
? in the reading time read the requirements for all four questions – don‘t bother looking at
the !gures nor the notes relevant to the questions. Just read the requirements.
? Q1 – what else is involved in the question as well as consolidations? What sort of
consolidation is it – Statement of Financial Position, a Statement of Income with / without a
Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash
Flows, a foreign consolidation?
? the question often has !ve or six different parts to it – so what else is involved? Corporate
governance? Environmental concerns? Ethics?
? Q2 and Q3 – which IASs / IFRSs are being addressed in these two questions? Does either
question ask for a report / memo? Correct style and persuasive content will be worth two
to four marks
? Q4 – what‘s current? Keep up to date with the examiner‘s articles – he writes quite
frequently and very clearly. Personally I would in most cases try to avoid the 25 mark
discussion question – it can be very difficult to accumulate sufficient points to earn even a
bare pass mark of 13
? where to start?
? this is a matter of personal preference – having selected which question you are going to
leave out, do you then start with a 25 marker, then question 1 and !nish with the remaining
25 marker?
? or do you head straight into question 1?
? the only problem I can envisage with starting with question 1 is that it will be too easy to
overrun your allocated time and thus steal time from the two 25 markers. Can you be strict
with your self-discipline? If you are con!dent that you will not get pulled too deep into the
!gures in question 1, then go down that route
? within question 1 itself, there will likely be four or !ve sub-questions. These mini-questions
do not normally relate closely to the calculated solution which you are hoping to reach
so….?
ACCA Exam Technique Articles OpenTuition.com
For huge selection of free ACCA notes, lectures and articles please visit https://opentuition.com/ 1
? do these smaller part-questions BEFORE you get into the consolidation numbers –
otherwise, you‘ll get swallowed up by the computations and never get to parts b, c, d and e!
That‘s 15 marks gone!
? should I write out a proforma !rst and then put in the easy !gures?
? there are NO marks for proformas! Statements of Financial Position, Income,
Comprehensive Income, Changes in Equity, Cash Flows? NO MARKS FOR PROFORMAS!
? sorry!
? but calculate the goodwill correctly, or the Provision for Unrealised Pro!t ( PuP ), or interest
paid for a cash $ow – they will all score marks – even if you don‘t get round to putting them
in a “!nal” Statement
? Q1
? follow the OpenTuition lectures and set your workings out in consistently the same
sequence – every time – you should !nd that that helps.
• W1 – group structure
• W2 – goodwill
• then the PuP calcuation
• W3a and W3b ( gain / loss on disposal / part disposal of subsidiary )
• W3 – consolidated retained earnings
• W4a – nci on the SoFP
• W4b – nci on the SoI ( strictly, the SoCiEty )
• W5a – investment in associate
• W5b – our share of associate‘s this year‘s pro!ts
? reduce the problem to an automatic process and you should !nd it easier!
? there are often 6, 7 or 8 paragraphs of notes at the end of the !gures in Q1
• start
at
the
last
one
–
say
number
8
• it often involves nothing at all – other than telling you the basis of the nci valuation at
date of acquisition
• then do number 7 – often some simple calculation like a dividend proposed but not yet
accounted for
• number 6 is often relatively straight forward as are also numbers 5, 4 and 3 – they will
involve deciding whether a !nancial instrument should be valued at fair value, whether
ACCA Exam Technique Articles OpenTuition.com
For huge selection of free ACCA notes, lectures and articles please visit https://opentuition.com/ 2
a potential liability should be accrued, whether an asset needs to be impaired, whether
inventory value needs adjusting or whether revenue should be recognised on a basis
different to the existing basis.
• these are not intended to be a comprehensive list of possible adjustments – merely
illustrative of the sort of matter you could expect to !nd
• each of these notes requires a clear working to explain / calculate the amount and
effect of the adjustment necessary
• this should now leave you with just numbers 1 and 2 which typically will give you the
information about the acquisition / disposal of the subsidiary and the associate
• DO NOT get stopped by any single note – if you can‘t do it – LEAVE IT and come back
later when you have picked up the marks you can collect
• when you do come back to it, if you still cannot manage to !nd a solution, then GUESS –
but do not be tempted to start verbal explanations to the marker about what / why /
how you have arrived at the guessed !gure – simply put “say $50,000”
? Q2 and Q3
? establish the style which has been required – report / memo or letter or simply a comment
on the directors‘ choice of accounting treatment – more often than not, they are incorrect,
but not always!
? typically the questions will be sub-divided into four or !ve parts
? make sure that you correctly allocate your time to allow a reasonable effort at ALL parts of
the question
? Q4
? current affairs
• the
examiner
has
said
that
he
will
examine
each
new
IFRS
at
the
earliest
opportunity
• so keep your eye on the accountancy press and Student Accountant
• occasionally, question 4 has a computational element but, more often than not, it‘s
pure discussion
• personally, nine times out of ten, I would avoid it
• it is excessively difficult to produce 25 markable points in a discussion within 45
minutes
• it‘s difficult to produce half that number, yet that is what you need to get a passing
grade on this question
ACCA Exam Technique Articles OpenTuition.com
For huge selection of free ACCA notes, lectures and articles please visit https://opentuition.com/ 3
• if you really do have to attempt question 4, follow the usual rules about planning what
you are going to write. This becomes particularly relevant when you are tackling a
question about which you could very well know not much at all
• remember, each valid point should be earning a mark for you
• your target is therefore to think, plan and write 25 markable points
• ok, you won‘t achieve that, but at least let that be your target
? the examiners like the answers to be subdivided into sections with appropriate headingsAppreciate your help to provide me with P2 Dec 2013 Mock Q n A any source.
Thank you .
bspyii
Please send me P2 June, 2013 Mock q & a to: kamking899@gmail.com thank you very much.
pLEASE EMAIL TO ME IF YOU HAVE P2 mock q & a
kamking899@gmail.com and berna899@126.com
thank you very much
Kindly please send me P2 Mock exam papers for June, 2013 . Thank you. kamking899@gmail.com
I had a terrible time cos I had morlar tooth decay and ached through the morning till almost exam over, even though after taking the medicine from pharmacy without prescription. Hell to me this exam is worst nightmare. Could not see or hear things clearly, and worst of blur and giddly headache, wondered why it was happened like that. Questions were tricky, but if not sick, I think I could still mmanage. Oh goosh! don’t blame anything for it could not be saved. Try again.
next sitting.hi Anyone,
if u could send me LBSf tips for P2 Dec 2011 exam
thank u very much.
kamking899@gmail.com
bernardhi Anyone,
if u could send me LBSf tips for P2 Dec 2011 exam
thank u very much.
kamking899@gmail.com
bernardAnybody could kindly send me any mock exam on P2 from any tuition provider.
I am badly in need and difficult to obtain one when I travel inland on business most of time.
kamking899@gmail.com
Thank you very much.THANK YOU Zulekha and all of you putting up topics here. You really help me greatly.
2.0 At Mexican Bay incident BP was fined by USA government for 10 to 20 billions of USD. But BP is a huge company, they can issue more shares or bonds to raise cash for continuing operations though earning per share may drop.
2.0 At Mexican Bay incident BP was fined by USA government for 10 to 20 billions of USD. But BP is a huge company, they can issue more shares or bonds to raise cash for continuing operations though earning per share may drop.
I read newspapers that commented:
1. Oil spill because of few factors:
1.1 Tsunami effect.
1.2 construction materials may have degraded quality.
1.3 There was no one realises the fact that the initial leakage was not contained, risks spread after explosion.1.4 when the outbreak became uncontrollable, Head of BP has to step down.
1.5 here the big question of allowing to build the oil drilling platform in such easy to approve procedures
1.6 Plan for environmental control and prevention against leakagea, sustainability development,
1.7 Consequences : are BP liablie for full disclosure
1.8. corporate social responsibility mustbe madeknown to the company and public et large.
1.9 Social accountabilityTo PeterLim, Kkelly, bridmw and Valentinat171
Dear All,
I am sitting for P2 in June, 2011.
Please kindly send me some hot tips and Mock Q & A from any available sources. I am working and hectic did not have chance to join chat or forum though keen.Thank you very much.
bernardspyii kamking899@gmail.com
To PeterLim, Kkelly, bridmw and Valentinat171
Dear All,
I am sitting for P2 in June, 2011.
Please kindly send me some hot tips and Mock Q & A from any available sources. I am working and hectic did not have chance to join chat or forum though keen.Thank you very much.
bernardspyii kamking899@gmail.com
To PeterLim, Kkelly, bridmw and Valentinat171
Dear All,
I am sitting for P2 in June, 2011.
Please kindly send me some hot tips and Mock Q & A from any available sources. I am working and hectic did not have chance to join chat or forum though keen.Thank you very much.
bernardspyii kamking899@gmail.com
To PeterLim, Kkelly, bridmw and Valentinat171
Dear All,
I am sitting for P2 in June, 2011.
Please kindly send me some hot tips and Mock Q & A from any available sources. I am working and hectic did not have chance to join chat or forum though keen.Thank you very much.
bernardspyii kamking899@gmail.com
kamking899@gmail.com also appreciates anybody who sends me any mock exam from any source.