ACCA P2 Corporate Reporting
Examination Duration: 3 hours 15 minutes
Examination Format: Section A Compulsory question 50 marks
Section B 2 from 3 questions 50 marks
Reference Books:
1. BPP, ACCA Paper P2 Corporate Reporting
2. Kaplan, ACCA Paper P2 Corporate Reporting
3. Intermediate Financial Reporting, An IFRS Perspective, 2nd ed., Nelson Lam and Peter Lau, McGraw Hill
4. Accounting in Hong Kong : Regulatory Framework and Advanced Accounting Practice, W. F. Hui and P. H. Ng
5. Hong Kong Master GAAP Guide, CCH
6. Intermediate Accounting, IFRS Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Wiley
Content:
Part I: Reporting Standards
2. Fair value measurement (IFRS 13)
3. Provisions, contingencies (IAS 37) and events after the reporting period (IAS 10)
4. Share-based payment (IFRS 2)
7. Revenue Recognition (IAS 18)
Answers
Answers
9. Financial instruments (IAS 32, IAS 39, IFRS 7 and IFRS 9)
Answers
10. Related Parties (IAS 24)
Answers
Part II: Group Financial Statements
11. Revision of basic groups
12. Complex groups
Answers
13. Changes in group structures
Answers
14. Foreign currency transactions and entities
15. Group statement of cash flows
Answers
16. Group reorganisations
Part III: Regulatory and Ethical Framework
17. Financial reporting framework
18. Professional and ethical duty of the accountant
19. Environmental and social reporting
Part IV: Performance Reporting
20. Performance reporting
21. Current developments
22. Adoption of HKFRS
23. Reporting for specialised entities
24. Reporting for small and medium-sized entities
Supplementary Notes
Consolidated SFP with adjustments
Revisions
Chapter 1 Non-current assets
Chapter 2 Fair value measurement
Chapter 3 Provisions, contingencies and events after reporting period
Chapter 4 Share-based payments
Chapter 5 Revenue Recognition
Chapter 6 Employee benefits
Chapter 7 Income tax
Chapter 8 Financial instruments
Chapter 9 Leases
Chapter 10 Related party
Chapter 11 Complex group
Chapter 12 Change of group structure
Chapter 13 Group statement of cash flows
HKSC Mock 2 Questions (Jun 13) Revised
HKSC Mock 2 Answers (Jun 13) Revised
Prepared by: Harris Lui
