ATC
Areas that feature on a regular basis in the exams are:
• Consolidations in Q1.
• Disposals and complex groups (June 2010).
• Disposals (December 2009).
• Step acquisitions (December 2009).
• Cash flow (December 2008).
• Foreign sub (June 2008).
• Complex group.
• Financial instruments (IAS 39) to include hedge accounting, questions on this topic tend to appear in most exams.
• Employee benefits (IAS 19).
• Leases (IAS 17).
• Share-based payments (IFRS 2).
• Impairment of assets (IAS 36).
• Deferred tax (IAS 12).
BPP
The compulsory case study in section A is likely to require you to prepare a group statement of financial position (balance sheet)
and/or statement of comprehensive income (profit and loss account) with continuing and discontinued activities or foreign subsidiary.
Alternatively, it could be a consolidated statement of cash flows, which would include other accounting complications such as financial instruments, pensions, share-based payment and impairments. There will also be discursive requirements on a linked accounting adjustment and social/ethical/moral aspects of corporate
reporting.
• In section B expect an industry question (often Q3), testing a range
of standards (note: no specific knowledge of the particular industry is required).
• A discussion question (Q4) looking at current developments in corporate reporting, such as small and medium-sized entities, revenue recognition, success/issues on implementation of IFRSs,
management commentary, comprehensive income/presentation of financial statements, improvements in performance measurement. It may also include a related computational part based on figures from a case study.
• Single topic (for example share based payment, deferred tax, pensions) or ‘multi-part’ question (Q2) testing a range of standards separately, such as related parties, accounting policies, discontinued operations, recognition and/or impairment of tangible and intangible assets, government grants, foreign currency transactions, provisions, events after the reporting period (balance sheet date), leases, consistency of standards with the conceptual framework, the effect of accounting treatments on earnings per share or ratios.
Kaplan
Section A:
• Group statement of cash flow that could include mistreatment and/or misclassification of items to be included within the statement.
Section B:
• Non-current assets.
• Held for sale and discontinued activities.
• Impairments.
• Employee benefits.
• Intangibles.
• Reporting financial performance.
LSBF
• Complex groups.
• Cash flow statement.
• Revenue.
• SME.
• Segments.
• Provisions.
Areas that feature on a regular basis in the exams are:
• Consolidations in Q1.
• Disposals and complex groups (June 2010).
• Disposals (December 2009).
• Step acquisitions (December 2009).
• Cash flow (December 2008).
• Foreign sub (June 2008).
• Complex group.
• Financial instruments (IAS 39) to include hedge accounting, questions on this topic tend to appear in most exams.
• Employee benefits (IAS 19).
• Leases (IAS 17).
• Share-based payments (IFRS 2).
• Impairment of assets (IAS 36).
• Deferred tax (IAS 12).
BPP
The compulsory case study in section A is likely to require you to prepare a group statement of financial position (balance sheet)
and/or statement of comprehensive income (profit and loss account) with continuing and discontinued activities or foreign subsidiary.
Alternatively, it could be a consolidated statement of cash flows, which would include other accounting complications such as financial instruments, pensions, share-based payment and impairments. There will also be discursive requirements on a linked accounting adjustment and social/ethical/moral aspects of corporate
reporting.
• In section B expect an industry question (often Q3), testing a range
of standards (note: no specific knowledge of the particular industry is required).
• A discussion question (Q4) looking at current developments in corporate reporting, such as small and medium-sized entities, revenue recognition, success/issues on implementation of IFRSs,
management commentary, comprehensive income/presentation of financial statements, improvements in performance measurement. It may also include a related computational part based on figures from a case study.
• Single topic (for example share based payment, deferred tax, pensions) or ‘multi-part’ question (Q2) testing a range of standards separately, such as related parties, accounting policies, discontinued operations, recognition and/or impairment of tangible and intangible assets, government grants, foreign currency transactions, provisions, events after the reporting period (balance sheet date), leases, consistency of standards with the conceptual framework, the effect of accounting treatments on earnings per share or ratios.
Kaplan
Section A:
• Group statement of cash flow that could include mistreatment and/or misclassification of items to be included within the statement.
Section B:
• Non-current assets.
• Held for sale and discontinued activities.
• Impairments.
• Employee benefits.
• Intangibles.
• Reporting financial performance.
LSBF
• Complex groups.
• Cash flow statement.
• Revenue.
• SME.
• Segments.
• Provisions.
