P2 Exam tips by KAPLAN FINANCIAL Q1 Groups and ethics A CSFP - TopicsExpress



          

P2 Exam tips by KAPLAN FINANCIAL Q1 Groups and ethics A CSFP has been examined for in the last 5 examinations – perhaps it is time for a consolidated SOCI or a consolidated statement of cash flows. If this is the case, then it is likely that the question will involve a change in the group structure. Q2 and Q3 Possibly a focus upon P2-only reporting standards, which were noticeably absent in June 2013. Accounting issues possibly examined here include: Hedge accounting Debt or equity? Foreign currency transactions Share based payments Deferred tax Students should remember that revenue and provisions continue to be tested regularly and are therefore always key topics. Q4 – Essay-style question Due to the recent release of exposure drafts, leases and the impairment of financial assets are both very timely issues. In particular, students should be aware of the criticisms of the existing standards.
Posted on: Thu, 14 Nov 2013 14:47:43 +0000

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