ATC
• Leases.
• Revenue recognition.
• Substance versus form.
• Convertible instruments (IAS 39).
• Accounting for taxation.
• Accounting assets – IAS 16.
Important areas that have not been examined under the new syllabus and so may feature are:
• Construction contracts.
• Impairment of assets.
• IAS 37, accounting for provisions.
BPP
• Consolidated SOCI and/or SOFP with one subsidiary plus associate –
including adjustments for fair values, unrealised profit, intragroup trading, goods/cash in transit, other syllabus area.
• Accounts restatement/preparation with adjustments – depreciation, current/deferred tax, inventory valuation, leases, substance over form issues, financial instruments.
• Interpretation and/or statement of cash flows, perhaps with written part on aims of not-for-profit entities. Interpretation may focus on limited ratios and their interpretation.
• Conceptual framework.
• Other areas – regulatory framework, inflation, government grants, discontinued operations,
impairments, deferred tax, leases, intangible assets, or provisions.
Kaplan
Q1 – mixed consolidated income statement and statement of financial position (possible adjustments to include PURP).
• Q2 – redraft of financial statements (also to include SOCIE) – possible adjustments could include revenue recognition, investment property, depreciation.
• Q3 – calculation of an element of a statement of cash flow and a report to include calculation of ratios and interpretation of the accounts using the statement of cash flow and ratio results.
• Q4 & Q5 – IFRS 5: discontinued operations, government grants, investment property.
LSBF
• Q1 – consolidated income statement with IFRS 3 (Revised) discussion, or both CSFP and CIS in same Q (last one Dec 2008).
• Q2 – re-drafting or published accounts.
• Q3 – interpretation mainly, with or without cash flows.
• Q4 – mixed standards, especially leasing, impairment, EPS, grants.
• Q5 – depreciation, provisions, deferred tax, standard setting.
• Leases.
• Revenue recognition.
• Substance versus form.
• Convertible instruments (IAS 39).
• Accounting for taxation.
• Accounting assets – IAS 16.
Important areas that have not been examined under the new syllabus and so may feature are:
• Construction contracts.
• Impairment of assets.
• IAS 37, accounting for provisions.
BPP
• Consolidated SOCI and/or SOFP with one subsidiary plus associate –
including adjustments for fair values, unrealised profit, intragroup trading, goods/cash in transit, other syllabus area.
• Accounts restatement/preparation with adjustments – depreciation, current/deferred tax, inventory valuation, leases, substance over form issues, financial instruments.
• Interpretation and/or statement of cash flows, perhaps with written part on aims of not-for-profit entities. Interpretation may focus on limited ratios and their interpretation.
• Conceptual framework.
• Other areas – regulatory framework, inflation, government grants, discontinued operations,
impairments, deferred tax, leases, intangible assets, or provisions.
Kaplan
Q1 – mixed consolidated income statement and statement of financial position (possible adjustments to include PURP).
• Q2 – redraft of financial statements (also to include SOCIE) – possible adjustments could include revenue recognition, investment property, depreciation.
• Q3 – calculation of an element of a statement of cash flow and a report to include calculation of ratios and interpretation of the accounts using the statement of cash flow and ratio results.
• Q4 & Q5 – IFRS 5: discontinued operations, government grants, investment property.
LSBF
• Q1 – consolidated income statement with IFRS 3 (Revised) discussion, or both CSFP and CIS in same Q (last one Dec 2008).
• Q2 – re-drafting or published accounts.
• Q3 – interpretation mainly, with or without cash flows.
• Q4 – mixed standards, especially leasing, impairment, EPS, grants.
• Q5 – depreciation, provisions, deferred tax, standard setting.