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P2 exam Q1

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › P2 exam Q1

  • This topic has 5 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • December 3, 2014 at 4:23 pm #216921
    Abi
    Member
    • Topics: 26
    • Replies: 64
    • ☆☆

    Hi sir,
    Is it likely that we can be asked to produce a statement of financial postion and statement of total comprehensive income in P2 for 35marks or is it only possible to get one or the other?..
    The reason i ask is because in F7 it was asked for sometimes and also i saw a P2 question called “MEMO” asking for both

    December 3, 2014 at 4:25 pm #216923
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Of course it’s possible! Be mentally prepared for it – in fact, a question could also ask for a statement of changes in equity!

    December 3, 2014 at 5:01 pm #216949
    Abi
    Member
    • Topics: 26
    • Replies: 64
    • ☆☆

    🙁 okay.Do you think the examiner could surprise us next week and ask us for both?

    December 3, 2014 at 5:45 pm #217001
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Well, it’s a bit of a surprise to me that neither the P7 nor the F7 examiner has apparently asked anything about IAS 41 Agriculture so I’m almost prepared to bet my shirt that there’s an Agriculture question next Tuesday

    And, in answer to your question, yes, he could very well ask for all three statements

    December 3, 2014 at 7:56 pm #217076
    Abi
    Member
    • Topics: 26
    • Replies: 64
    • ☆☆

    I was thinking that if its in no other exam then it wont be in our exam, guess i was wrong..But i just wanted to be sure.
    Thank you for answering all my questions and i hope i pass P2

    December 3, 2014 at 8:25 pm #217082
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    I too hope that you pass! That’s why opentuition exists! We’re here hoping that you’ll all pass and help to make this world a less-corrupt place for our children and grand-children

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