✿~Tips! Tips! For ACCA P2, P3~♥

It's really near and tips are what needed the most now~ =p
These are tips from opentuition.com~✿


★~Tips for Paper P2 exams~★
Question 1

Foreign consolidation ( Memo 06.04 and Ribby 06.08 ) with 15 – 17 other
marks covering such as ethics, corporate governance, environment and
reasons for excluding subsidiaries from consolidated accounts

Qs 2 and 3 multi-IAS / IFRS questions with strong possibilities of IFRS1
and IFRS9 ( Implementing IFRS 06.08, Handrew 06.05 ) but also
reconstructions ( questions 62 and 63 from BPP revision kit )

Q4 Leases, deferred tax and management reports – based on Lisa Weaver’s
article from Student Accountant ( April 2011 (?) )

★~Tips for ACCA Paper P3 Business Analysis~★Question 1

Q1 SWOT, takeover/merger/diversification

Q2 Project management. Benefits: observable, measurable, quantifiable, financial

Q3 Strategic use of IT

Q4 People and strategy

*For all other papers' tips, you may refer to this.


★~Other Tips for P2 Corporate Reporting~★
BPP:

Section A
The compulsory case study is likely to require you to prepare a group statement of financial position (balance sheet) and/or statement of comprehensive income (profit and loss account) with continuing and discontinued activities or foreign subsidiary. Alternatively, it could be a consolidated statement of cash flows which would include other accounting complications such as financial instruments, pensions, share-based payment and impairments.
There will also be discursive requirements on a linked accounting adjustment and social/ethical/moral aspects of corporate reporting.

Section B
An industry question (often Q3), testing a range of standards (NB: no specific knowledge of the particular industry is required).
A discussion question (Q4) looking at current developments in corporate reporting, such as: small and medium-sized entities, revenue recognition, success/issues on implementation of IFRSs, management commentary, comprehensive income/presentation of financial statements, improvements in performance measurement. It may also include a related computational part based on figures from a case study.
Single topic (e.g. share-based payment, deferred tax, pensions) or ‘multi-part’ question (Q2) testing a range of standards separately, such as: related parties, accounting policies, discontinued operations, recognition and/or impairment of tangible and intangible assets, government grants, foreign currency transactions, provisions, events after the reporting period (balance sheet date), leases, consistency of standards with the conceptual framework, the effect of accounting treatments on earnings per share or ratios.

LSBF:
Complex groups.
Cash flow statement.
Revenue.
SME.
Segments.
Provisions

ATC exam tips for P2
Exam Tips – June 2011 Session
The exam tips set out below are not intended as a guaranteed or definitive list of
the topics that will be contained in the forthcoming examination paper and should
not be construed as such. What follows is presented as an additional resource for
students’ preparation, based on knowledge and past experience of ACCA
examinations. ATC International accepts no liability where final examination papers
differ from these suggestions.

★~Other Tips for P3 Business Analysis~★
BPP

Important areas to cover:

Strategy models

Analysis of the environment or internal factors has featured in most exams. Key models include PESTEL, Porter’s Five Forces and the value chain. Forecasting has come into the syllabus and may well be tested, including the interpretation of numbers.

Evaluation of strategic options is usually tested one way or another, SAF can be a useful framework to generate ideas but don’t feel you need to follow it slavishly.

Strategic action (largely change management and organisational configuration) is often overlooked, but was heavily tested in the compulsory question in the last paper. Take this as a warning that you need to cover the whole syllabus!

Business Process Change

A popular area, which may be based around models such as Harmon, or completely unstructured, describing a process and asking for improvements. Expect to see some numbers coming in to questions in this area to help with decisions such as automation and outsourcing.

Information Technology

A pervasive theme in many questions. Make sure you are comfortable with some of the more important recent concepts in technology such as cloud computing, viral marketing and how technology can be used in customer relationship management.

Project Management

This was already a major topic and has expanded in the new syllabus. I would expect to see this tested in every sitting. Questions may well focus on analysis and realisation of benefits and again are likely to include a numerical element.

Financial Analysis

Lots of management accounting knowledge from F5 is now assumed knowledge here, including budgeting, variance analysis and relevant costing. You may need to do calculations, but remember the focus in this paper is on using the calculations for decision-making, not the calculations themselves. Ratio analysis is still examinable and often provides opportunities for easy marks.

People

Less important than it was in the previous syllabus. Most likely to be tested in conjunction with one of the other topics.

Most importantly…

Knowledge alone will not get you close to a pass on this paper. You need to be able to apply your knowledge to specific situations. Practice this using past questions and stories in the press or on the web as often as you can and you will be ready for whatever the exam throws at you!

Kaplan tips

• Process redesign.
• Financial and strategic analysis.
• Strategy evaluation.
• Project management – possibly focusing on the new area of benefits management.
• Marketing.

OMG, it's happening in less than a week and i'm totally far from well-prepared~
i would like to shout for SOS!!!


Good luck for all who's taking the exams~ ^^


ALL D BEST FOR ALL OF US!!!! ♥