P2 IFRS AND IAS

Hi Mike,

Thanks for the reply, sorry for re-opening this, but just to answer your question. I am sitting P7 in June, but having gone through some past papers, realised a lot of IFRS and IAS’ appeared (from P2 which I have not sat nor studied for).

I was just looking for the best methodology in learning these ‘standards’ which would be sufficient to pass P7.

Obviously wont have time to learn all of P2, so was thinking if a summary of the ACCA P2 standards list was enough?

Appreciate your reply.

Thanks again

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.
| QUOTE May 21, 2017 at 6:21 pm
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MikeLittle

Keymaster
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?