ACCA P2 BPP

ACCA
Corporate Reporting
Paper P2 (International)
Practice & Revision Notes
ARP213I

ARP213I

Contents

Page

Introduction
How to use the Practice & Revision material

4

The examination paper and syllabus aims

5

Analysis of past papers

6

Skills bank

9

Knowledge bank

25

Appendices

93

ARP213I

3

INTRODUCTION

Introduction
How to use the Practice & Revision material
Step 1

Learn

Until now you have been introduced to the core skills needed to pass this paper. You must now focus on developing these new skills to address the ultimate test – the exam itself.

Step 2

Practise

Your revision course material will help you to apply this knowledge to the context of the exam-style questions. Using real exam questions written by the examiner you’ll learn the unique exam skills required to achieve success in each paper. Your revision material consists of:

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Skills bank (in these notes)
This illustrates the main skills needed to pass this paper. We will teach you how to:
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Use your reading time effectively
Analyse the question’s requirements
Manage your time
Produce well-constructed numerical and discussion answers
Produce tailored answers that are relevant to the specific company within the question

Knowledge bank (in these notes)
During the Step 1 phase of your studies (Learning phase) you have already gained the knowledge required to pass the exam. During this phase reinforcement of this knowledge is critical.
To help this reinforcement you will find that the same diagrams contained in your learning phase course notes are used here with additional information added if we feel it is necessary.
If you feel that your knowledge level is weak at the Step 2 phase we recommend you purchase the i-Learn CD from BPP Learning Media.

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Question and answer bank
The Practice & Revision Kit contains:
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Step 3

Questions that will be covered in class

Links: in 2011) IFRS 2: Share-based Payment Useful insight into IFRS 2 which is a mine of