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Hi everyone, I don’t have the tips, I’m actually looking for them. Pls share them to me urgently on mkazimu@nedbank.co.mw
comprehensive income statement
smes
implementation
non current assets
ifrs usa conversion
leases
deferred tax
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wow, we have tips from BPP, Open tuition and now the latest release exam tips from FTC. so much to study, thanks rizwanabd
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BPP exam tips are available on the internet. below is the URL
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The safest approach would be to identify the principles gorvening key topics of groups – Cash flow,SOFP,Comprehensive income statement.Lastly read BPP/KAPLAN pass card atleast 3 times for this remaining period,thus cover to cover!
FINAL REVISION TIP.
Wishing you the best!!!!
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you can get those tips from the internet, it’s easily avaialbe. search it from the search engines, i am sure it’s as easy as ABC.
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BPP Tips
Section A:
* Compulsory case study including preparation of a group statement of comprehensive income (profit and loss account) and/or statement of financial position (balance sheet) including complex group structures, continuing and discontinued activities or foreign subsidiary, or alternatively a statement of cash flows. This will include other accounting complications such as financial instruments, pensions, share-based payment and impairments.
* There will also be discursive requirements on a linked accounting adjustment and social/ethical/moral aspects of corporate reporting.Section B:
* Industry question (often Q3), testing range of standards (NB: no specific knowledge of the particular industry is required)
* Discussion question (Q4) looking at current developments in corporate reporting such as small and medium-sized entities, leases, success/issues on implementation of IFRSs, management commentary, comprehensive income/presentation of financial statements, improvements in performance measurement. May also include a related computational part based on figures from a case study.
* ‘Multi-part’ testing a range of standards separately, such as related parties, pensions, changes in accounting policies, recognition and/or impairment of tangible and intangible assets, foreign currency transactions, leases, revenue recognition, consistency of standards with the conceptual framework, changes in accounting policies, the effect of accounting treatments on earnings per share or ratios and deferred tax implications.So basically… study everything!
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I also found these:
Kaplan P2 Exam Tips
Section A – group statement of comprehensive income. Elements of other comprehensive income may include impairments of financial assets and/or PPE which have previously been revalued, accounting for an associate and a foreign subsidiary. Reporting standards examined may include:? Non-current assets, particularly held for sale and discontinued activities
? Impairments
? Provisions
? Tax
? Employee benefits
? Leases
? Intangibles
? Financial instruments
? Reporting financial performance, particularly discontinued activities.Section B – the conceptual or current issues topic is difficult to call as there are so many current developments. Questions dealing with IAS GAAP and US GAAP convergence, together with IFRS for SME have been written for the revision mock. Other topics such as the possible revision of IAS 17 which would result in all leases (finance and operating leases) being recognized on the SOFP is another possible topic and is included within the revision mock exam.
Typical IAS/IFRS knowledge which may be required includes:? Non-current assets
? Held for sale and discontinued activities
? Impairments
? Provisions
? Tax
? Employee benefits
? Leases
? Intangibles
? Financial instruments
? Reporting financial performance
? Revenue recognitions
? Events after the reporting date
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