SBRJune 10 Exams - Paper P2 was ... Post your comments here

Management of earning is part of creative accounting. I think the paper was fair for a well prepared student. I have learnt to never rely on tips no matter what, you are safe understanding everything in the syllabus to a certain level for passing.

I thought that exam was quite difficult. Qnt 1 was very poorly worded and it took me quite a lot of time to disect the information given in additional info. Regarding the Management of Earnings qnt, I dont even know where to start. It looks like it took everyone by surprise including myself.

Can I request everyone to provide their feedback (on the ACCA website) on the P2 exam, and you never know it may work in our favour.

goodluck everyone for your results.

Thanks

Mush

P2 Question Paper June 2010
For those masochists who want to see the paper again click link above!

fyi...the graph on this page [url=https://https://opentuition.com/articles/polls/june-2010-acca-exams-instant-polls/?utm_source=OT+Members&utm_campaign=b549272753-29_June_Newsletter_2010&utm_medium=email]Opentuition P2 June 2010 Exam Poll result[/url]

is wrong for P2, it suggests that 35% voted for "it was ok". However, they voted for "hope for 50%"....the picture would then look much worse...

My only hope is that the examiner reduces his expectation and threshold for a pass when marking our exams....

sorry, bad link:

Opentuition P2 June 2010 Exam Poll results

Epic Fail for me. I was very disappointed when I saw the paper. I was fairly confident going into the exam as I had a good knowledge of all the material and especially the past exam papers. I think the approach in asking the question are ridiculous because in real life situations its completely different. I know I know the material, but when the questions are fucked up the way they have been asked as they have been here its a disgrace. Its a bloody accountancy exam, I would need a PHD in translating poxy english to pass this paper. Why not get to the point when asking questions using accounting english??????

I am on the brink of giving up. The exam was a disappointment. The time allotted was too short and I still do not understand some of the questions. I pray to score at least 50%.

Hi,

I did not like the exam but kept going. I did Q1,Q2 and Q4. The SOCI was expected but I thought the examiner could still come up with a Cashflow statement, well that's what I would have preferred. I did something for all the adjustments. Has anyone found the holiday days bit covered in any of the texts?

I like everyone else did not know what earnings management was but went down the route of window dressing and reliablilty and comparability, so hope for a few marks there. I have not found earnings management mentioned in any of the texts but it is in Claref's book.

Q2 surprised there were no real figures to discuss, just hope again I get some marks.

Q4 my weakest I think, did what I could.

I kept going and answered 3 questions so could do no more, still don't feel it will be enough, just have to wait and see.

I read somewhere else people were ringing one of the national offices to complain about the paper and being told to put their complaint in writing as it may make a difference to the marking.

The paper was just too terrible, they should stop issuing articles when approaching exams coz we are used to thinking that those are the likely topics to come up in the exam, but p2 was something else, does the examiner want us to qualify or what?

Hi All,

As per my post above, there is no harm in giving your feedback about the exam to ACCA. The paper was extremely demanding for the allocated time.

Please send in your feedback and let us all hope for the best.

Thanks

Mush

I can only support Mush's last comment. Please take the opportunity to give
written feedback by mail to ACCA.

It will be our last chance we can stress this issue to the relevant body and
hope that they will take them into consideration when marking our exams.

Thanks
Cliff

Hi,

Should we study and practice the examples in the appendix in the IASB FAT book?

Hi all,

P2 UK exam answers are out now:
P2 UK

The majority of questions are identical with INT stream....

Unfortunately after having gone through the answers, I feel even more disappointed.

1b) No chance I will even get half a point.
1c) Nightmare either
4b) Still don't understand what they were looking for...

Is it only me that is resigning?

Best
Cliff

@cliff said:
Hi all,

P2 UK exam answers are out now:
P2 UK

The majority of questions are identical with INT stream....

Unfortunately after having gone through the answers, I feel even more disappointed.

1b) No chance I will even get half a point.
1c) Nightmare either
4b) Still don't understand what they were looking for...

Is it only me that is resigning?

Best
Cliff

I looked at them last week, actually felt better once I did. Just remember there are alternative answers that will get marks, try and stay positive.

We just have to wait and see.

Good luck to everyone with results.

Fingers crossed

Regards

Clare Finch