ACCA P2 KAPLAN EXAM TIPS DECEMBER 2014 EXAMS

P2 KAPLAN EXAM TIPS DECEMBER 2014 EXAMS|ACCA
ACCA P2 Key Examinable Areas for December 2014.

NOTE:

These tips should only be used in conjunction with proper studying.No body can guarantee that these topics will appear in the actual exam paper as we have not seen the ACCA exam papers.

ACCA Examiners are not predictable so it is vital that all main syllabus areas are revised fully.These exam tips are based on Kaplan’s experience and understanding of the ACCA exams and will help focus your last minute revision.



Please also read all the Examiner’s Articles which are available on the ACCA Global website.

Here are some suggestions of key areas which may be tested in December 2014 exams:

Q1 Groups and ethics :-

Question 1 is so important to passing P2 that students must thoroughly practice a wide range of consolidation questions.

However, after a break of two sittings, it would not be a surprise to see a consolidated statement of financial position examined.

Q2 and Q3 :-

The examiner continues to test revenue, provisions and non-current assets held for sale on a regular basis. IAS 41 Agriculture is new to the syllabus and should be considered highly examinable.



Some areas that have not been tested recently, or in less detail than expected, include:

-Share-based payments (IFRS 2)

-Impairment (IAS 36)

-Deferred tax (IAS 12)

-IFRS 10 and Control

Q4 – Essay-style question:-

ACCA have widely advertised the inclusion of Integrated Reporting in their syllabi and therefore students should make sure that they are familiar with the contents and purpose of an Integrated Report.



However, question 4 in recent P2 exams has focussed on extant accounting standards and documents.

If this continues, then IAS 36 Impairment of Assets could be tested or, perhaps, the Framework.