• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

P2 standards

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › P2 standards

  • This topic has 5 replies, 3 voices, and was last updated 8 years ago by P2-D2.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • March 20, 2017 at 5:33 am #378748
    Moloantoa
    Member
    • Topics: 30
    • Replies: 32
    • ☆☆

    dear Mr John

    please can you advise on what are the basics of reading and understanding the standard? i.e as in what should we look for in a particular standard?

    March 20, 2017 at 9:32 pm #378816
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    You need to think about initial measurement, subsequent measurement and derecognition. If you can do that then you’re on the road to success.

    Thanks

    March 21, 2017 at 5:34 am #378829
    Moloantoa
    Member
    • Topics: 30
    • Replies: 32
    • ☆☆

    thank you very much

    meaning on every standard i come across, i should always try identifying those?

    March 22, 2017 at 8:13 pm #379004
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    It’s a good starting point.

    April 20, 2017 at 7:50 pm #382895
    ali mahdi
    Participant
    • Topics: 14
    • Replies: 20
    • ☆

    hello, professor I am a textbook addict trying to get adjusted to your notes because i became tired as textbook did not have the structure of initial recognition. subsequent measurement your notes are brief sometimes i feel it is less and will not help me pass and i am scared to look at the notes so i revert to textbook i get iiritated and then dont feel like studying at all. even i dont understand clearly from your notes what is contractual cash flow or business model i am confused crying and sweating inside i am deaf guy can’t listen to ur lectures aswell please give me advice as to how i can study i am growing depressed inside

    April 24, 2017 at 7:24 pm #383499
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi Ali,

    Sorry to hear about your struggles but do not get too down about it. You’ve done amazingly well to get to this point in your studies and I’m confident you can succeed at P2, just remember that it is one of the most difficult papers in the ACCA qualification and everyone finds it a challenge.

    How have you studied previously? It sounds like you’re maybe trying to change it and it may not be working. There is nothing wrong with working through the textbook but just be aware that it does go into a huge amount of detail.

    Let me clear up your issue with regards to contractual cash flow and business model test.

    Contractual cash flow is very literal, in that there must exist a legally binding agreement in the instrument that cash will be paid. So if you’re thinking about a simple loan there is a contractual obligation to pay interest and the principal.

    The business model test is asking do you intend to hold the instrument until its maturity date, so again if you think about a simple loan then you are going to hold the instrument until you’ve received all the cash interest and original amount lent.

    If you can understand that then you’re in a better position already. If there are any other areas that you are struggling with then please don’t hesitate to ask.

    Thanks

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • poojam on Objective of financial reporting – ACCA Financial Reporting (FR)
  • mm3677 on IAS 16 Accounting for a revaluation – CIMA F1 Financial Reporting
  • Anastesia123 on MA Chapter 1 Questions Accounting for Management
  • John Moffat on MA Chapter 26 Questions Variance Analysis
  • acowtant on Changes in group structure – examples – ACCA SBR lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in