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Congratulations to those who passed the acca p2 exams. Unfortunately i failed the paper and i was wondering if anyone could give tips and guidance on the best way to prepare and pass the p2 paper. is using open tuition enough? Thanks
Hello Yinkaoje,
I do not think my study method is the best way but I would share with you how i studied for p2.
the materials i used were open tuition videos, BPP revision kit (I do not use the textbook), IAS plus.
I found open tuition videos on group accounting are very helpful. I got exempted from foundation papers, hence, i almost had no knowledge of consolidation. Beside the group accounting, opentuition videos on other topics are also helpful but i found them quite less detail.
I printed the IASPLUS to study for the theory part. I studied the basic and important parts first. For example, in financial instrument, Financial assets could only recognized under AC method if it is held for contractual cash flow, and the cash flow consist of only principal and interest payment. You would see the discussion of what does it mean by held for contractual cash flow and principal and interest payment, I found they are not as important so i only read it if i have time. Focus on the recognition, measurement ….
Then do the revision kit,
Hope it help
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