SBR*** ACCA P2 December 2015 Exam Results ***

Zee,congrats. How did you do it.?

50% :D

Failed for the first time and my first P paper. However l'm trying to recharge my battery for March 16.

@kolkleen said: Hmm I'm sure there's something you're not telling us.

Its not unrealistic, nor impossible. I sat P2 in September. Did evening course the previous March and did my revision in July / August in the evening / weekend. This period also included a 10 day holiday. Had only 1 day study leave (the Monday before the exam), and I scored even higher than Zee (over 80). Don't ask me how I got that mark, but I did. Was one of those exams where almost everything went right. I saw a LOT of 50% marks here. The examiner must have been very generous with those that were very close to the pass mark. Congratulations to all.

June 2015 = 45 Dec 2015 =43 probably for June 2016 45+43 = 88 wish me luck

failed P2 but passed P5 & P6

@marr said: June 2015 = 45 Dec 2015 =43 probably for June 2016 45+43 = 88 wish me luck

Colleague!!! You've the best attitude; it has to be eighty and over. I did not do exam, but like to share. I sat corporate reporting twice - back then and did not have the opportunity to do it again as I'm unemployed for more than 72 months. Opentuition has here the forum where I am able to connect with others and share, so I make use of information and keep current with issues. The past papers and practice kit questions will helps you to cement your knowledge as the scores received - suggest time management and organizational skills lacking. Please take note of the approach - do the adjustments first with note to the effect on each item(s) you should adjust in the SoFP. It's critical - DR income statement and Cr other component of equity - just an example properly recording the transaction. The entry is an expense to regular operation. We may only lose five marks for not drafting the statements - we already indicate to the examiners the effects of the transactions on business financial reports. Regards,

Passed with 50% too, for the last one. Thank god and opentuition.

I am starting to think ACCA is just taking our money too. have attempted this paper so many times. I was sure about it this time. GUTTED

"Any tips from those who passed, on best way they found to study for the exam? Will be attempting it for the 3rd time in March" I believe you have read enough of the text. Get a current exam kit and work through the past questions. Kindly update yourself with the latest IFRS especially 9 and 15. Understand the current debate on leases as a new standard on it will soon be issued. Study past questions over and over again. And you must pass!

50 !!! happiness overloaded ! All praises due to ALLAH SWT :)

Dear Fellows, I enrolled ACCA back in 2000 when I was 20-21 years old. Studied like young, energetic but ordinary student and pass CAT in 2 years (at that time there was no computer based papers) and got exemption of ACCA Part - I and one paper of Part - 2. Then cleared all remaining 5 papers of Part - 2 in next 2 years. Only 2.6 Audit paper created a a lot of mess and appeared 3 times to clear it... at that time I went to London for completing ACCA but wasted my 3 years over there by not studying or failing 2.6 again an again. By 2006 I cleared 2.6 and 3.4 (optional paper) and in 2007 the ACCA regulations has been changed and I got another 10 years to complete by ACCA. I again pushed hard myself to complete 4 remaining papers but due to my job, family and other uncontrollable factors I put ACCA aside and done my MBA on based of BSc. Oxford Brooks Degree. In 2004, upon my return from abroad I joined Banking Sector as an internee and after lapse of 10 year i.e. in 2014 I planned to complete my remaining ACCA papers. All my friends told me not to waste money but few of them happy that I have a burning desire for getting ACCA. So, I appeared in P1 & P3, both failed. Then decided to take one by one with no time for studies. First in 2014 Dec I pass P1, then June, 15 P3 and now By grace of Almighty Allah, I have cleared P2 in Dec,15 attempt. All long story for those who are disappointed this time, please AIM, then work hard and leave the result over Creator of Universes. Be sincere with yourself. Now, I am planning to take P7 in March,16. Any suggestions would be welcome. I am Alhamdulillah, now a Assistant Vice President in one of the leading bank of Pakistan and one paper far from becoming ACCA Affiliate.

Hi Zee, I will be sitting for the exam this March, Any tips of how I can prepare it. I am getting problem with the IAS. I dont know how to tackle the questions on the IAS. Can you please forward me your answer or the way you go through the IAS questions. Thanks

Failed with 37 marks. I am surprised I even got these marks. Literally near to non-existent preparation :p

This is the second time I've not turned up to write . I'm working towards March though ...

I had to breakeven....anyways a pass is a pass. Three more

So glad to see your post. Ive failed 3 times and its a real confidence downer. Glad to know I'm not the only one struggling and this gives me the motivation to keep trying !

glad i'm not the only one :-)

passed with 50%, now P5 in march, will be 4th attempt, fingers crossed.

Yeah, I just can't believe that I passed with 50% Many thanks to God and ACCA as well !!!

Passed with 52 points. :)

How long to prepare P2 please? Thank you in advance for your help

Passed with 50!

Hi, I would say the best way to study P2 is practice. Let me conclude the other techniques as follows, 1. Learn the standards. I'm working for Finance department and it was normal for me to learn the standards. Do not skip any standard as anything can be tested in P2. If you feel difficult to understand IFRS then refer to IAS Plus website for learning. 2. Be aware about current issues in the world of finance. I read exposure drafts and other documents in the IASB website when ever I get free time. Current issues give 15 guaranteed marks on P2 and if you know you will get bonus marks for sure! 3.Revise.Sometimes the standard terms and content sounds very technical and simply Greek for me! So I revised each lesson many times as possible. You can use short notes which has diagrams, flowcharts etc. 4. Past Papers! Practice as much as possible. I did more than 10 consolidation questions under time conditions. Also marked them very carefully. And read all examiner reports to understand the key points from the P2 examiner. Additionally I read all technical articles from my tab in the office free times like during lunch. 5. Mocks! Make sure you face at least 2 exam standard papers before sitting the exam. This will ensure you are capable of handling the time pressure in this exam. Trust me, P2 is not easy but it is possible to pass with good exam technique. And remember past paper practice is very important due to the time pressure. I was only able to write 90% of the paper due to this reason.

Passed at 50 Paper was easy though Should have scored well but thank God I've passed it

If you are talking regular classes, then cope up with the class If you are doing it on your own then read the book thoroughly I would suggest Kaplan text and exam kit Go through the technical articles topic wise Keep an eye on the latest technical article as one while question or a part of optional question will be tested from latest articles Atleast It will take one and a half month to go through all this material You should have pretty good grip on all types of consolidations, that will cover 35 marks of the paper rest of the marks are solely dependant on the knowledge of standards You should try to memorize all the standards After doing that go through all the kit questions related to standards Main thing in the paper is that you should be able to recognise the standard in the question under exam pressure If you are able to do that, you will do good

Passed with 60%. This is my first attempt. Really happy...! Thank god..........

Passed with 50%!!!!!!! What a miracle P2 was deadly...........

50 nothing more nothing less

Passed 68%. This was 3rd attempt. I would not say that Dec.2015 exam was difficult comparing to previous sessions. I expected that there will be foreign currency consolidation and IFRS 15 question. And they were in the exam!