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Just by way of a distraction from the impending terror of Tuesday, if you had to set a question that involved Brexit, what P2 topic(s) would you choose?
Given the amount of uncertainty surrounding Brexit then I doubt that there would be any question set on it. Until it is known what is going to happen then it would be all speculative and speculation isn’t liked in accounting.
If there were to be a question it would only likely be in the UK variant and then it would possibly involve fair values (are the values of assets/investments to fall?), impairments (businesses may be worth less if sales are to fall in future?), discontinued operations (are all parts of a business to continue or be sold?), reorganisation (think EasyJet possibly having to move its main office to the EU from the UK, similar with finance institutions as the leave the City……..)
Thanks
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