P2 uk Version

If they existed, they would already be uploaded. Now, why do they not exist? Because from years ago the UK has indicated that they are to move to adopting IFRS – in full! There therefore seemed little point in having a parallel set of lectures and course notes for a variant which is likely to disappear within a very short period of time.

In fact, the convergence procedure is well under way and – to the best of my knowledge and belief – there are but few areas of divergence in accounting treatment. Certainly in the revision kit that I have most recently been using, there are only 10 answers out of 60+ where an alternative solution is given complying with UK standards

Sorry, but UK variant answers are not planned to appear

Tasneem – it’s 11 years since I lived in the UK and 11 years since I taught UK GAAP.

So, I’m sorry, but the short answer is “No, I can’t give you that information”

However, here’s a suggestion for you to be able to help yourself.

Download from this site the past exam papers for 2012 and 2013 for both the UK variant and the International variant.

Put them side by side (particularly appropriate for the answers) and compare.

That’s assuming that you don’t have a copy of a reputable revision kit available to you. If, in fact, you do have such a revision kit, then the last 10 or so questions will be the same as questions from the main kit but adapted for the UK GAAP

Either route (past papers or revision kit) should give you an indication of the areas where the two variants diverge.