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Dear Mike,
I would like to know to what extent P2 candidate should grasp IAS 33 ?
According to Kaplan revision kit, IAS 33 did not come up the last five years… But according to your lecture, it did 20% of the time.
This is just to know how much I should emphasis on it for June 2015!
Thank you in advance,
Nabil
The trouble with EPS as a topic for exam question purposes is that it can be asked as a full 25 marker or simply as a 5 – 7 part question.
Kaplan are probably correct – it probably hasn’t been asked for 5 years. But is that not all the more reason to suggest that it’s time it was asked again?
And there’s the danger with question tipping! Kaplan says
“It’s not been asked for 5 years. Therefore there’s a good chance it won’t be asked this time” whereas I could equally justifiably say
“It’s not been asked for 5 years. Therefore there’s a good chance it will be asked this time”
You takes your choice – it’s up to you 🙂
Thank you Mike for your answer.
Actually, I don’t want to take the risk of question spotting. However, I like to emphasis on some topics more than others. The problem with Kaplan with P2 paper is that in the current revision kit, they don’t provide us with any question about IAS 33 EPS. Hence my conclusion. Maybe I haven’t read carefully…
Otherwise, how can I train this specific IAS apart from opentuition notes exercises?
Hm – there’s a problem! There used to be a real toughie – and I mean a REAL toughie – within the revision kits of both BPP and Kaplan and I can’t remember whether it was pre-December 2007 or post. I imagine that it was pre-so will no longer be available on the past exam section of the website. Sadly I can’t remember the name either. If it comes to me, I’ll let you know
If you’re aiming to focus your efforts, fine – the chances of a substantial numerical question being asked on EPS is slight. It has far greater chance of being asked as a 6 / 7 / 8 mark part question with short calculation and chat.
So, focus has to be on all the tricky consolidation questions and then extensive reading around all the IAS / IFRS generally
Keep posting if you come across an issue where you think I may be able to help 🙂
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