SBRFor the students who Passed P2... What was your strategy?

Do not open study text. Learn IAS/IFRS by heart from iasplus. Then it all comes down to question practice to see if you can identify issues and apply relevant standard. You should act like advisor to Mangement in the scenario. Tip top knowledge of examiners articles (current issues). Tip top knowledge of ethics gives you easy ~7 marks. Consolidation - please don't overfocus on the consolidation. If you are just average in consolidation but very good in standards and ethics + some time management - you will pass. You can find more information in Ask The Tutor Forum P2 - under thread "Dec 2014 nightmare" or just use search engine - there are plenty topics about it. There are also exam technique articles available.