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    ACCA P2 December 2016 Exam Tips

    2016-11-23    来源:东方立品ACCA 东方立品ACCA

     
     
     
    P2 Exam Tips
     
     
     

    * Q1: Group question on disposals or step acqns.

    * Ethics.

    * Revenue Recognition.

    * Provisions.

    * Deferred Tax.

    * Share based payments.

    * Pensions.

     
     
     

     

    Here are a few ACCA P2 Exam Skills in order to maximise your chances of success while actually sitting the exam.

    1
     
     
    Reading time:

    You have 15 minutes reading and planning time during which you can write on the exam paper (but anything you do write on the exam paper will not be marked), but during which you cannot write in the answer booklet.

    Use this time to:

    • Read the requirements for the  Section B questions and underline or highlight key words in the  requirements.

     
     

    At this stage, identify which of the three option  questions that you will not attempt. Read it anyway – there may be someuseful points that you can work into the other answers.

    Beware the word “and” within the requirement! The  requirements often ask for more than one thing in the same sentence – for  example, identify and explain.

    The identification and the explanation will both carry marks, but it is easy in the middle of the exam to identify and  then forget to explain. Underline or highlight the words ‘identify’ and ‘explain’ and you will find it much more difficult to forget either.

     
    • Then read the Section A 50 marker requirement so   that you’re aware of what you’re looking for in the question when you read it.

    • If you’re still within the 15 minutes reading and   planning time read the option questions highlighting key words as you go along and effectively making skeleton answer plans.

    2
     
     
    Section A

    50 marker compulsory question – 90 minutes

    • This is a 35 mark consolidation question with a   further 15 marks possibly sub-divided into a smaller question on each of  corporate governance and ethics, neither part dependent upon the answer to      the consolidation

    • DO THESE TWO PARTS FIRST! If you don’t, I guarantee  that you will spend the whole 90 minutes on part a) and leave no time at all for these relatively straight-forward 15 marks

    • With the consolidation itself, there will typically be 6 or 7 tricky points in the notes to the question, adjustments to be  made or bad entries to correct

    • Keep your workings:

      • neat

      • tidy,

      • properly headed

      • cross-referenced (SoFP is a perfectly acceptable  abbreviation) o legible,

      • (and correct!)

    • Always remember, the MARKS ARE IN THE  WORKINGS

    3
     
     
    Section B

    choice of 2 from 3 questions worth 25 marks each – 45 minutes each

    • Planning time here is 12.5 minutes for each of your two chosen questions so use it wisely.

    • Questions 2 and 3 will typically involve a number of  IASs / IFRSs for either a single company or different companies where the directors and (worryingly) the CFO are proposing to treat a matter contrary to Standards but beware, sometimes their proposed treatment is correct!

    • Question 4 will likely be about some matter of  current concern to the profession – some exposure draft or discussion document.

    • Personally, if I could, I would avoid question 4. It’s exceedingly difficult to score well on a discussion question!

    • The examiner has stated in the past that he will ask   a question about any new IFRS at the first opportunity!

    • Make sure you write something for every part of  every question. You are unlikely to be able to finish every part of every  question – either because you run out of time or you get stuck – but you can always write something.

    • Each comment that you make should be within its own  sentence and leave a line between your sentences effectively making them      into paragraphs.

    • Time yourself copying sentences from a book and stop  after 1 minute and 18 seconds. That’s the time that you have available to      write one sentence containing just one markable point.

    • You’re unlikely to get past the third line and  that’s the MAXIMUM length of a sentence / paragraph in the exam.

    • Make sure that your writing is legible. If a marker  can’t read your script, he can’t give you credit for your thoughts!

    • If you write one long paragraph containing several  points, then there is a danger that the marker will miss some of those  points.

    • Start each part of each question on a new page in the answer booklet (if you run out of pages you will be provided a  supplementary booklet!).

    • That way you can always go back to questions and you  will be able to add more to your answer neatly, if you have time left at   the end of the exam.

    • Do make sure you make it clear at the top of the  page which part of which question you are answering.

    • There are NO MARKS for showing that you can remember  an IAS / IFRS number or title.


    来源:东方立品小编根据opentuition等网站整理编辑的2016年12月Exam Tips 和Exam Skills。

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