p2 - ACCA PAPER
Corporate Reporting
June 2011
Time allowed
Reading time: 15 minutes
Writing time: 3 hours
This paper is divided into two sections
Section A
This question is compulsory and MUST be answered
Section B
TWO questions ONLY to be answered
Do not open this paper until instructed by the supervisor
This question paper must not be removed from the examination hall Kaplan Publishing/Kaplan Financial
Paper P2 (INT & UK)
ACCA FINAL ASSESSMENT
ACCA P2 (INT & UK) CORPORATE REPORTING
© Kaplan Financial Limited, 2010
The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such materials.
All rights reserved. No part of this examination may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without prior permission from Kaplan
Publishing.
2
KAPLAN PUBLISHING
FINAL ASSESSMENT QUESTIONS
SECTION A
This question is compulsory and MUST be answered
QUESTION 1
The following draft financial statements relate to the Baron Group.
Draft consolidated statement of comprehensive income for the year ended 30 November
20X1
Revenue
Cost of sales
Gross profit
Distribution costs
Administration expenses
Income from interests in joint venture
Defence costs of takeover bid
Loss on disposal of tangible non-current assets
Loss on
June 2011
Time allowed
Reading time: 15 minutes
Writing time: 3 hours
This paper is divided into two sections
Section A
This question is compulsory and MUST be answered
Section B
TWO questions ONLY to be answered
Do not open this paper until instructed by the supervisor
This question paper must not be removed from the examination hall Kaplan Publishing/Kaplan Financial
Paper P2 (INT & UK)
ACCA FINAL ASSESSMENT
ACCA P2 (INT & UK) CORPORATE REPORTING
© Kaplan Financial Limited, 2010
The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such materials.
All rights reserved. No part of this examination may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without prior permission from Kaplan
Publishing.
2
KAPLAN PUBLISHING
FINAL ASSESSMENT QUESTIONS
SECTION A
This question is compulsory and MUST be answered
QUESTION 1
The following draft financial statements relate to the Baron Group.
Draft consolidated statement of comprehensive income for the year ended 30 November
20X1
Revenue
Cost of sales
Gross profit
Distribution costs
Administration expenses
Income from interests in joint venture
Defence costs of takeover bid
Loss on disposal of tangible non-current assets
Loss on