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I’m slightly worried as I’m finding this question too easy – there must be a catch? Got 25 out of 25 an all QBE mocks for question 4, which covered Leasing, financial statements clutter, management commentary and revenue recognition.
I know there is a possibly for IFRS 10-12, but surely this cannot be more than 10marks?? The same goes for IFRS 9 Hedging, this was a current issue from 2011 and is still ongoing but was examined in 2011, again this can’t be more than 6marks?
Have you tried any Q4’s from actual exam papers to see how you fare with real questions that have been set?
The average mark for Q4 is around 11 each sitting, so based on that, either you really know your stuff, or the mock questions aren’t up to the same standard as the actual exam questions. I’ve only done the Kaplan mock exam for P2, and in comparison to real past paper questions I’ve attempted, I don’t think the questions in the mock were at the same level.
Yes, i do think there is a catch, but if i know the mentioned topics above what else could come up to catch me out? Difficult to compare to other past papers are topics relate to those current at the time. I think the average being 11 boils down to language barriers and that most accountants are better with figures and numbers than essays.
Thanks
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