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P2 Dec 2014

  • 01-12-2014 9:12pm
    #1
    rabbit123
    Registered Users, Registered Users 2 Posts: 25 ✭


    Anybody would like to share tips for this exam?

    Mock exam? notes? anything that can help.

    I am just using past papers and trying to get my head around it.

    doing an exam after a long time. last exam I did was June 2013 and it was P1.


Comments

  • #2
    Kaka86
    Registered Users Posts: 73 ✭✭Kaka86


    Same as... I'm praying q1 is SOFP as can't get my get my head around the other two!!!! I think its the type of exam anything is possible. Told to expect deferred tax, hedging and joint arrangements...but to what degree who knows!!! You could spend ages trying to get your head around these things and for it to be 5 marks in the exam.


  • #3
    RQ2013
    Registered Users, Registered Users 2 Posts: 119 ✭✭RQ2013


    Was looking on Open Tuition website and they gave the following hints - Consol FX Sub. Leases, Revenue, provisions and agriculture and for q4 impairment of financial assets, Hedge Accounting and integrated Reporting


  • #4
    McTigs
    Registered Users Posts: 1,032 ✭✭✭McTigs


    Basically every examinable standard is likely to pop up in some shape or form... either in the adjustments in Q1 or the other questions.

    I'm think OT are right about Q4, impairment of assets and Integrated reporting.

    I'm hoping for SOFP in Q1

    By god i hate deferred tax with every ounce of my being!!!!!!


  • #5
    AppleBottle
    Registered Users, Registered Users 2 Posts: 1,421 ✭✭✭AppleBottle


    I've heard a few people comment on the likelihood of an SOFP with FX Sub, so I will certainly be practicing that inside and out. But again, anything is possible.


  • #6
    flashback humour
    Registered Users, Registered Users 2 Posts: 37 ✭flashback humour


    How did ye find the exam? I thought it was a very difficult paper, very hard one to call..


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  • #7
    Kaka86
    Registered Users Posts: 73 ✭✭Kaka86


    Really hard to know ... Could have went either way ...surprised at q4 and no deferred tax


  • #8
    IrishAlice
    Registered Users Posts: 557 ✭✭✭IrishAlice


    Thought it was a tough one, was planning on doing Q4 but Q2 was such a b!tch that I wasn't left with much choice.

    Not too hopeful of passing it but I'll just deal with that in January.


  • #9
    McTigs
    Registered Users Posts: 1,032 ✭✭✭McTigs


    I can't decide whether that exam was tough or easy and i just didn't get the questions.


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