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i am writing the p2 exam for dec2011. Last time there were predictions on what would arrive at the exam in OT. But this time there are no predictions put in the site and the available predictions are of the last exam. Will u please put the new predictions.
They are coming, but I’m already pretty determined to predict “vertical groups”
Questions 2 and 3 will most likely be “dubious proposed accounting treatment of fin stat matters”
And question 4? I have no suggestions – yet, but I continue to look for something worth predicting.
And cash flow?
This exam is new examiner, will he not follow any precious exam order and start all over again..Foreign subsid? I doubt it VERY MUCH
New examiner? Where have you got that from? I was not aware that Graham Holt had ceased to be the P2 examiner!!!
As for cash flows – even if it is a new examiner, the new one will most likely have looked at the old one’s exams in order to achieve some sort of continuity
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Some exam tips from different institutions have been posted here for P2: https://opentuition.com/groups/p2-corporate-reporting-int/forum/topic/p2-int-exam-tips-from-bpp-kaplan-first-intuition-icount-–-dec-2011-sitting/
You are probably limited to what you can say, and please excuse me if what I ask is inappropriate (first time user of the website!), but a QBD paper has been uploaded here which is very different to the tips in the aforementioned link: https://www.scribd.com/doc/73293937/ACCA-P2-Mock-Final-Questions-Dec-2011
Can you please advise? For eg, Q1 tipped is a Statement of Financial Positions, but per the QBD is a cash flow.
Thank you
Different establishments will have their own tipsters. In OT it’s my responsibility to guess at what is possibly going to appear in the P2 exams.
Personally, I would rate the chances of cash flow to be pretty remote – less than 5%!
But I have no inside knowledge and I could be hopelessly wrong. The tips are only there as suggestions as to how you might usefully spend your weekend. They are CERTAINLY not there as 100% likely questions! A pity really!
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Thank you for your quick reply. I appreciate what you are saying about the tips, and how they are educated guesses – I will be using them in that way, but was just concerned about Q1 being fundementally different to the other tips (Cash Flows is a topic I have just skimmed over). Going back to your suggestion of a Vertical Group (D shape) Statement of Financial Position, if this was to come up, is it likely to include disposals/step-up acquisitions too?
Do you have an idea as to what Q4 could be about please?
Thanks again
Q4? Sorry, no idea at all this time – possibly something to do with the framework or, alternatively, sometthing to do with reconstructions
If it IS a vertical group, I don’t see him asking a question with a disposal. I think he can make a vertical group question difficult enough without throwing in a disposal!
personally I am concentrating most of my Q1 efforts on SOFP in a D-shaped or regular (vertical) sub-sub group structure…
as for SOCI, it’s not my favourite but should be ok…
a foreign sub or cashflow, I just hope not!! No matter how many I look at it’s just not clicked!
I really cannot see either a cash flow or a foreign consolidation. Of course, I could be proved wrong!
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Is there a past paper example of a complex group (vertical or D-shaped)? I can’t seem to find one. If there isn’t, then other than the study books, is there another resource available to practice the type of question which may appear? Thanks
@agentsingh said:
Is there a past paper example of a complex group (vertical or D-shaped)? I can’t seem to find one. If there isn’t, then other than the study books, is there another resource available to practice the type of question which may appear? Thankscheck these out from the BPP P&R Kit, they’re all Ds or verticals:
Q30
Q31 (June 2007)
Q32
Q33
Q40 (June 2010)
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