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P2 IFRS AND IAS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › P2 IFRS AND IAS

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • May 21, 2017 at 2:47 pm #387259
    Michael
    Member
    • Topics: 7
    • Replies: 7
    • ☆

    Hi all,

    Made the rookie mistake of not reading requirements of P7 before attempting P2.

    How feasible is it to learn the IFRS from this list , and how detailed should my knowledge of it be?

    https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/f7/examinable%20documents/f7-p2-examdocs-sept16-Jun17.pdf

    Would I just need to know the fundamental concepts of it or some further depth of application?

    Appreciate any help.

    May 21, 2017 at 6:21 pm #387295
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    The easiest way for me to answer and for you to take action is for you to read some P2 answers from a revision kit

    You will very quickly get an idea of the sort of questions asked in P2 and the depth of IAS / IFRS knowledge expected of you

    However, do not for one minute think that you are expected to emulate the printed answers yourself in a 3.25 hour examination

    That’s not going to happen

    If you’re aiming for a June 2017 sitting (P2 or P7 – it’s not clear from your post which exam it is that you’re aiming for) I suggest that the remaining time available during these next three weeks is spent with your head buried in a revision kit (provided that you are comfortable with consolidations… if it’s P2 you’re aiming at)

    Immerse yourself in the language of the P2 verbal answers / P7 answers and that should / could be adequate preparation for June

    And post on this forum again when you feel the need

    OK?

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