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I am preparing from P2 next week, but haven’t been able to do ethics, which comes as a 7-8 mark question in section A. I do not have the study text, I am just studying from OT resources and bpp exam kit. But there isn’t much material to study for ethics in these. Can anyone suggest where should i study that bit from?
I have a book on P2. The section on ethics is just 3 pages. Basically it just explains the following qualities an accountant should posess:
– professional competence and due care
– professional behaviour
They are pretty self explanatory. The ethics question is really to discuss whether the accounting treatment is in line with IFRS and whether it contradicts the above principles and why.
Thank you so much Vegastone!!