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Hi Mike
Is you consolidation method for P2 similar or the same as the one found on the Kaplan revision kit answers?
Thanks in advance
No, sadly! They have a different approach to discovering the post acquisition earnings of the subsidiary. For the most part we seem to finish up with the same answer. Each one to their own I’m afraid. I like my method. I don’t like theirs. But, without question, there will be thousands of students who DO like the Kaplan method
Sorry not to toe the Kaplan line 🙁
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Hi Mike
Thanks for the quick reply – I’m in such a predicament as I used your method which I liked for F7 along with your revision and passed it first time (great lectures by the way!). I discovered OT in my last two papers and passed both first time thanks to the simple approach by OT to the complexities of ACCA and obviously the good will to help people pass.
Now I’ve been going through your lectures for P2 and been building some knowledge on it but because there isn’t any revision videos for past exam questions with your method I’m worried about how to answer the consolidation past exam questions without having to learn a new method in case I get stuck which I’m sure I will without your guidance.
Any advice would be appreciated.
Hi Jose
I cannot think of any P2 question where “my method” doesn’t work. (There’s occasionally a difference when it come to pups where an associate is involved but that’s no big issue)
The wonderful thing about P2 is that, unless you’re called Tejot from India and winner of the Global prize, no-one is going to be scoring 35 / 35 in that consolidation question
If you show enough of the basics in your exam answer there should be enough for a marker to see that you’re no dummy and that you have the fundamentals to be able to prepare a consolidation
If I remember correctly, the Kaplan method differs from “my method” only in one way – the method adopted in arriving at the post-acquisition results of the subsidiary. Kaplan list out the assets as at date of acquisition and then, in parallel, the assets as at consolidation date
Of course, I could be wrong there and I maybe don’t remember correctly!
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Thanks Mike
Jose
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