How to pass P2 ???

In addition to the above, I can’t stress this enough, you need to know the accounting standards inside out. Once you know each accounting standard in the syllabus you will be able to answer any questions they throw at you by applying the principle of the accounting standard being tested. At first it seems scary given the number of standards they are but when you actually get down to it they are not that bad. The easiest way i found to do this was to take each accounting standard and write a short paragraph on it on a blank A4 page of paper using diagrams where appropriate. You’ll find that you only need a small section on the page for each standard and will be able to cover a few standards per page. Write or draw in whatever way you like the principles of each standard. I then used to take a picture of this on my phone and each day on my way to work on the train and back i used to read them on my phone and before you know it you will begin to learn them and be able to apply them to the point where in the P2 exam when you see a question you’ll immediately know what standard it relates too. One final point, in which order did you attempt the questions in? I was taught at a well known college in london for P2 and we were taught to answer section B FIRST and then Question 1 in section A. I passed P2 first time using this approach and it stops you from spending too much time on question 1 and then worrying about the other 2 questions which are shorter.