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P2 Exam... June 2010

  • 15-06-2010 8:59pm
    #1
    Har0ld x9
    Registered Users, Registered Users 2 Posts: 72 ✭✭


    Did anyone else find todays P2 exam harder than the previous exams or was it just me?

    some of the adjustments on Q1 really caught me off guard..


Comments

  • #2
    donegal11
    Closed Accounts Posts: 689 ✭✭✭donegal11


    yes, some questions i didn't know what they where looking for in terms of answers.


  • #3
    Cookie_Monster
    Registered Users, Registered Users 2 Posts: 24,545 ✭✭✭✭Cookie_Monster


    easier than the last I reckon, hopefully my result will agree


  • #4
    redhawk
    Closed Accounts Posts: 11 ✭redhawk


    I agree what was with the Oct 2008 ASB on managed earnings....didnt see that one!


  • #5
    Har0ld x9
    Registered Users, Registered Users 2 Posts: 72 ✭✭Har0ld x9


    Agreed.. Managed Earnings, i just had to bluff that one as I hadnt a clue... even the amendments on the SOCI were a bit off the ball I thought.. its done now so just have to wait until august and see but not very confident on it:mad:


  • #6
    Cookie_Monster
    Registered Users, Registered Users 2 Posts: 24,545 ✭✭✭✭Cookie_Monster


    managed earnings:

    reclassification of assets through IS or reserves
    At FV or Historic costs

    and how this affect profits.
    Why its un ethical and mis leading

    Incentives include meeting target and gaining bonuses, minimising losses artificially.

    Affecting ROCE and Gearing to look more attractive to investors and lenders etc.


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  • #7
    themacdaddy
    Registered Users, Registered Users 2 Posts: 756 ✭✭✭themacdaddy


    Hey lads/ladies.

    Was talking to a girl in the Acca Ireland Office on Wednesdays at an event.
    She said a some students had complained to them about P2 but she encouraged people to complain in writing to ACCA Ireland as they pass it on to the examiner who will take it and board and perhaps "broaden" the marking scheme.

    I thought it was a horrible exam.


  • #8
    Cookie_Monster
    Registered Users, Registered Users 2 Posts: 24,545 ✭✭✭✭Cookie_Monster


    Complained about what in the exam?


  • #9
    themacdaddy
    Registered Users, Registered Users 2 Posts: 756 ✭✭✭themacdaddy


    I am not sure. However I think it was mostly due to the theory part of questions. Managed earning etc

    She did say some girl rang their office and told them she used 4 answer books and everyone else only used one. She was wondering what she did wrong. I would hate to be correcting that paper.

    I think I will fail but get in the 40's. I never looked a managed earnings and my Q1 workings were quite poor. I will be lucky if I pass. I live in hope though!


  • #10
    Cookie_Monster
    Registered Users, Registered Users 2 Posts: 24,545 ✭✭✭✭Cookie_Monster


    themacdaddy wrote: »
    I am not sure. However I think it was mostly due to the theory part of questions. Managed earning etc

    She did say some girl rang their office and told them she used 4 answer books and everyone else only used one. She was wondering what she did wrong. I would hate to be correcting that paper.

    I think I will fail but get in the 40's. I never looked a managed earnings and my Q1 workings were quite poor. I will be lucky if I pass. I live in hope though!
    good luck.

    I think I waffled enough about managed earnings to get 8 or 10 marks at least.


  • #11
    themacdaddy
    Registered Users, Registered Users 2 Posts: 756 ✭✭✭themacdaddy


    Cookie_Monster wrote: »
    good luck.

    I think I waffled enough about managed earnings to get 8 or 10 marks at least.

    Ah fair play, I waffled a bit but I would say maybe 5/6 rather than 8/10.
    Time was an issue for me. I guess all we can do is wait and see.

    Sure if I have to repeat it won't be the end of the world...worse things can happen in life than failing an exam! ;)


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