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attempting p7. what knowledge is required from P2?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › attempting p7. what knowledge is required from P2?

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
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  • August 17, 2015 at 12:56 pm #267504
    faiz
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    i have recently cleared F8. my knowledge of F8 is pretty fresh in my mind right now i would like to take P7 but things which are unknown to me are. what kind of knowledge is required from P2?
    can i take p7 with F7 knowledge of accounting standards?
    or should i go for P2 first?

    i look into past papers of P7 i saw group accounts audit is there but how much knowledge of Group accounts is required? i have essential but not advance.

    August 17, 2015 at 6:09 pm #267552
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    This is a very tricky question for me to try and answer and a lot depends upon you personally and your personality!

    There’s a LOT of P2 in P7 and there’s not much F8 in the advanced paper

    I think I would be more inclined to tackle P2 in December and leave the auditing until you’ve a better, deeper understanding of advanced corporate reporting

    Sorry if that throws a spanner into your plans

    August 17, 2015 at 7:19 pm #267563
    faiz
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    First of all Thanks for the reply. for past few hours I have spent tackling past papers of P7 also look throughout OP notes. to me at this stage looks a bit similar to f8. I mean I have seen topics around here ppl are preparing p7 and clear f8 with it. But I get your point and also looking into past papers, questions required more deeper understanding of standards. Though part of me still telling me I can do it.

    August 17, 2015 at 9:48 pm #267581
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Fine – there’s nothing like self-belief 🙂

    And if there’s any assistance that you find you need along the way, let me know and I’ll see what I can do

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