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Mr. Tutor,
Can you please briefly explain the “Current Issues” from the P2 syllabus and guide me, what to study in “Current Issues” and from where I can get the study material?
Thank you.Hi
If you read Graham Holt’s article – I think it was “examiners’ comments” from a recent Student Accountant issue, he actually refers students to a link where a number of current issues are discussed in print. Personally, I believe that the IFRS and SMEs is so hot that that will be the basis of the current issues question, but you’re correct, you should check out other areas as well.
(Do you think that the timing of Graham’s article in Student Accountant in May on IFRS and SMEs was a pure coincidence? )
you have me intrigued…is this because he sets the dec exam in may/june..is that right
No – he probably sets it 12 – 18 months in advance. at the February 2007 conference in Manchester, the ACCA announced that all the examiners had already written the next three exams – June 2007, December 2007 and June 2008.
Did you think he was still sitting in Manchester in May 2010 thinking “I wonder what I could put in as question 4?”
ah so the current issue is unlikely to be something thats just come up in the news now but more like something thats been bubbling away for the last 12monthsish.
Ive been waiting for ifrs for sme’s for a while and to be honest i think it will come up, touch wood.
Wonder what numbers he could put in for a few marks in this question, what are your thoughts on he computational marks for a ifrs for sme’s question[code]ah so the current issue is unlikely to be something thats just come up in the news now but more like something thats been bubbling away for the last 12monthsish.
Ive been waiting for ifrs for sme’s for a while and to be honest i think it will come up, touch wood.
Wonder what numbers he could put in for a few marks in this question, what are your thoughts on he computational marks for a ifrs for sme’s questionMaybe ( distant possibility ) of how the IFRS and SMEs will affect the accounting treatment of some specific items. Probably best to look at the article again – he gives brief illustrative examples of areas where SMEs will be affected. Otherwise, it isn’t really ( in my view ) a numerical type question. I shall be intrigued ( as you are ) to see how he can do it
yea i think your right, he might chuck i a wee 3-4 marks in the theory question regarding a specefic balance … eg financial instruments which is simplified in ifrs for smes.
Apart from that topic, anything else you would back for q4, feels like the usual management commentary and the like aint ever goign to come up as he likes testing different things. Ive looked the iasplus website he recommeneds but theres a hell of a lot going on there…hard to pinpoint anything there to focus on.
I totally agree with you about iasplus. If I had the time ( and no other interest in my life ) I could happily sit in front of iasplus and burn my brain cells.
I honestly cannot see anything other than IFRS and SMEs. I suppose there’s a possibility of IFRS7 but I think he’ll wait until IFRS 9 comes into the examinable documents and then examine both together
what type of angle do you think he would take on ifrs 7 just so i go along the lines for preparation.
only other thing i think would come up is tony sweetmans artcile in nov 09 regarding convergence..but apart from that its got to be one of those…
cheers for all the help on this werty..appreciated
IFRS 7? check out any of the BIG 4’s documents – if you can find them – I don’t have any reference for them. i don’t even see anything in the publisher’s revision kit about it either.
I have the feeling the Graham will write an article in the next 2 or 3 months about the combined effect of 7 and 9 ( 16? )
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hi how can i get p2 notes?
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Hie out there, I badly need to pass P2 this December, 2010 can you help me out with the current issues and their comprehensive notes. I think our texts are shallow
Mike,
hey, I’ve come across two current issues, Management commentary and revenue from contracts with customers.what are their chances in exams ??
and if management commentary is asked ,, how can it be put in a question ??
and what is asset management ??
hi
how can i deal with current issues. I am going to take part on p2 exam in this session for INT variant.could you suggest me any way? can i leave this section?Hi
You CAN leave the section – but it’s your gamble. Personally, I would never recommend that any student should leave any section. Question spotting is not recommended. Having said that, all tutors are pushed continually to make their predictions about likely topics which could appear. Our response is to make these guesses, but you’ll find they ALWAYS come with a ( Government ) health warning – rely on these at your peril!
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