SBRHow to prepare for P2

start straight with the P2 Syllabus.( the revesion of F7 will be included in P2.) if you find something that you cannot understand, ask it in the ask the tutor forum.

Hi what standards have changed for December 2015 p2 exam? Please help as I do not want to study outdated information.

Table 1 – Additions to P2 INT There have not been any additions to the study guide for the exam year commencing 1 September 2015. However there have been minor amendments to the wording of some of the study guide outcomes mainly corresponding to changes within examinable documents. Section and subject area Syllabus content C1b) and c)) Discuss and apply the criteria that must be met before an entity can apply the revenue recognition model to that contract. Discuss and apply the five-step model which relates to revenue earned from a contract with a customer C3d) Apply and discuss the treatment of the expected loss impairment model. H3a) Discuss current issues in corporate reporting, including: i. recent IFRSs ii. practice and regulatory issues iii. proposed changes to IFRS iv. problems with extant standards [3] (This outcome has been expanded to clarify the range of issues that may be tested within this subject area) Table 2 – Deletions to P2 INT There have not been no specific deletions from the study guide for the exam year commencing 1 September 2015. A number of outcomes have been combined or removed as detailed in the table below. Section and subject area (in prior year study guide) Syllabus content C6 a) and b) Outline the principal considerations in developing a set of accounting standards for SMEs C 8 a) and b) Discuss the reasons why the IFRS for SMEs does not address certain topics. The syllabus must be read in conjunction with the Examinable Documents list. The main changes for the year from 1 September 2015 are the inclusion of IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments (July 2014), as well as changes in the list of exposure drafts and discussion papers that are examinable. source = https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p2/studyguides/p2-sg-sep15-jun16.pdf (page 12)