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

1. Non-current assets

    Answers

2. Fair value measurement (IFRS 13)

    Answers

3. Provisions, contingencies (IAS 37) and events after the reporting period (IAS 10)

    Answers

4. Share-based payment (IFRS 2)

    Answers

5. Leases (IAS 17)

   Answers

6. Employee Benefits (IAS 19)

    Answers

7. Revenue Recognition (IAS 18)

     Answers

8. Income Taxes (IAS 12)

   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

Consolidated SFP with adjustments

Consolidated SOCI

Consolidation with associates


Revisions

Chapter 1 Non-current assets

                Answers

Chapter 2 Fair value measurement

               Answers

Chapter 3 Provisions, contingencies and events after reporting period

               Answers

Chapter 4 Share-based payments

               Answers

Chapter 5 Revenue Recognition

               Answers

Chapter 6 Employee benefits

               Answers

Chapter 7 Income tax

               Answers

Chapter 8 Financial instruments

               Answers

Chapter 9 Leases

               Answers

Chapter 10 Related party

               Answers

Chapter 11 Complex group

               Answers

Chapter 12 Change of group structure

               Answers

               Q8 Answer

Chapter 13 Group statement of cash flows

               Answers


HKSC Mock 2 Questions (Jun 13) Revised

HKSC Mock 2 Answers (Jun 13) Revised


Prepared by: Harris Lui

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