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Tài liệu ACCA mới nhất từ BPP môn P2, sách có giá trị cho kỳ thi đến tháng 6-2014, Revision kit. File PDF dạng Text cực đẹp.
P R A C T I C E & R E V I S I O N K I T PAPER P2 CORPORATE REPORTING (INTERNATIONAL AND UK STREAM) BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for the ACCA qualification. In this, the only Paper P2 Practice and Revision Kit to be reviewed by the examiner: We discuss the best strategies for revising and taking your ACCA exams We show you how to be well prepared for your exam We give you lots of great guidance on tackling questions We show you how you can build your own exams We provide you with three mock exams including the December 2012 exam We provide the ACCA examiner's answers as well as our own to the June and December 2012 exams as an additional revision aid Our Passcard and i-pass products also support this paper. FOR EXAMS UP TO JUNE 2014 ii First edition 2007 Eighth edition January 2013 ISBN 9781 4453 6652 4 (previous ISBN 9781 4453 8001 8) e-ISBN 9781 4453 6955 6 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom by Ricoh Ricoh House Ullswater Crescent Coulsdon CR5 2HR Your learning materials, published by BPP Learning Media Ltd, are printed on paper paper obtained from traceable, sustainable sources. All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd. We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested answers have been prepared by BPP Learning Media Ltd, except where otherwise stated. © BPP Learning Media Ltd 2013 iii Contents Page Finding questions Question index v Topic index ix Helping you with your revision – the ONLY P2 Practice and Revision Kit to be reviewed by the examiner x Passing P2 Revising P2 . xii Passing the P2 exam xiii Exam information xv Exam update . xxii Useful websites .xxiv Planning your question practice BPP's question plan .xxv Build your own exams .xxviii Questions and answers Questions 3 Answers 91 Exam practice Mock exam 1 Questions 311 Plan of attack .321 Answers .322 Mock exam 2 Questions 335 Plan of attack .347 Answers .350 Mock exam 3 (December 2012) Questions 365 Plan of attack .375 Answers .377 ACCA examiner's answers June 2012 395 December 2012 .405 Mathematical tables 417 Review form iv Finding questions A note about copyright Dear Customer What does the little © mean and why does it matter? Your market-leading BPP books, course materials and e-learning materials do not write and update themselves. People write them: on their own behalf or as employees of an organisation that invests in this activity. Copyright law protects their livelihoods. It does so by creating rights over the use of the content. Breach of copyright is a form of theft – as well as being a criminal offence in some jurisdictions, it is potentially a serious breach of professional ethics. With current technology, things might seem a bit hazy but, basically, without the express permission of BPP Learning Media: Photocopying our materials is a breach of copyright Scanning, ripcasting or conversion of our digital materials into different file formats, uploading them to facebook or emailing them to your friends is a breach of copyright You can, of course, sell your books, in the form in which you have bought them – once you have finished with them. (Is this fair to your fellow students? We update for a reason.) Please note the e-products are sold on a single user licence basis: we do not supply ‘unlock’ codes to people who have bought them second-hand. And what about outside the UK? BPP Learning Media strives to make our materials available at prices students can afford by local printing arrangements, pricing policies and partnerships which are clearly listed on our website. A tiny minority ignore this and indulge in criminal activity by illegally photocopying our material or supporting organisations that do. If they act illegally and unethically in one area, can you really trust them? Using your BPP Learning Media products This Kit gives you the question practice and guidance you need in the exam. Our other products can also help you pass: Learning to Learn Accountancy gives further valuable advice on revision Passcards provide you with clear topic summaries and exam tips Success CDs help you revise on the move i-Pass CDs offer tests of knowledge against the clock Underlying knowledge CD offers guidance on assumed knowledge for Options papers P4, P5, P6, P7 You can purchase these products by visiting http://www.bpp.com/acca Finding questions v Question index The headings in this checklist/index indicate the main topics of questions, but questions often cover several different topics. Questions set under the old syllabus Advanced Corporate Reporting paper are included because their style and content are similar to those which appear in the P2 exam. The questions have been amended to reflect the current exam format. Time Page number Marks allocation Mins Question Answer Part A: Regulatory and ethical framework Financial reporting framework 1 Conceptual framework (12/07) 25 45 3 91 2 Accounting standards and disclosure (12/08) 25 45 3 94 3 Venue (12/11) 25 45 3 96 Environmental and social reporting 4 Glowball (ACR, Pilot paper) 25 45 4 99 Part B: Accounting standards Non-current assets 5 Key (12/09) 25 45 6 101 6 Prochain (ACR, 6/06) 25 45 7 104 7 Johan (12/08) 25 45 8 107 8 Scramble (12/11) 25 45 9 110 Employee benefits 9 Preparation question: Defined benefit plan – – 10 112 10 Macaljoy (12/07, amended) 25 45 11 113 11 Savage (ACR, 12/05, amended) 25 45 12 117 12 Smith (6/09, amended) 25 45 13 118 Income taxes 13 Cohort (ACR, 6/02, amended) 22 40 14 120 14 Panel (ACR, 12/05) 25 45 15 122 15 Kesare (Pilot paper) 25 45 16 124 Financial instruments 16 Preparation question: Financial instruments – – 17 126 17 Complexity (12/09) 25 45 18 127 18 Ambush (ACR, 12/05, amended) 25 45 18 129 19 Grainger (6/11) 25 45 19 132 20 Aron (6/09, amended) 25 45 20 135 Share-based payment 21 Leigh (ACR, 6/07) 25 45 21 140 22 Margie (12/10) 25 45 22 142 23 Greenie (12/10) 25 45 23 145 vi Finding questions Time Page number Marks allocation Mins Question Marks Events after reporting period, provisions and contingencies 24 Ryder (ACR, 12/05) 25 45 24 148 25 Royan (6/12) 25 45 25 150 26 Electron (Pilot paper) 25 45 25 152 Related parties 27 Egin Group (ACR, 6/06) 25 45 26 155 28 Engina (ACR, Pilot paper) 25 45 27 158 Leases 29 Preparation question: Leases – – 29 160 30 Holcombe (6/10) 25 45 29 160 31 William (6/12) 25 45 30 163 Part C: Group financial statements Revision of basic groups 32 Marrgrett (12/08) 25 45 32 167 33 Preparation question: Associate – – 33 170 Complex groups 34 Preparation question: 'D'-shaped group – – 34 172 35 Preparation question: Sub-subsidiary – – 35 173 36 Glove (ACR, 6/07, amended) 25 45 37 176 37 Case study question: Rod 50 90 38 181 Changes in group structures 38 Preparation question: Part disposal – – 40 186 39 Preparation question: Purchase of further interest – – 43 189 40 Ejoy (ACR, 6/06, amended) 30 54 43 190 41 Case study question: Traveler (12/11) 50 90 44 194 42 Case study question: Robby (6/12) 50 90 46 201 43 Case study question: Bravado (6/09) 50 90 48 208 44 Case study question: Grange (12/09) 50 90 51 213 45 Case study question: Ashanti (6/10, amended) 50 90 53 220 Foreign transactions and entities 46 Preparation question: Foreign operation – – 55 227 47 Memo (ACR, 6/04, amended) 32 58 56 229 48 Case study question: Ribby (6/08, amended) 50 90 58 232 49 Case study question: Rose (6/11) 50 90 59 238 Group statements of cash flows 50 Preparation question: Consolidated statement of cash flows – – 62 244 51 Case study question: Jocatt (12/10) 50 90 65 245 52 Case study question: Warrburt (12/08, amended) 50 90 68 251 Finding questions vii Part D: Performance reporting Time Pr Performance reporting 53 Rockby and Bye (ACR, 6/04, amended) 19 34 72 255 54 Alexandra (6/11) 25 45 73 257 55 Carpart (6/09, amended) 16 29 74 261 56 Ghorse (12/07) 25 45 75 262 57 Cate (6/10) 25 45 76 266 Current developments 58 Preparation question: Current issues – – 77 269 59 Fair values and IFRS 13 25 45 78 272 60 Jones and Cousin (ACR 12/06) 25 45 79 275 Specialised entities and specialised transactions 61 Lockfine (6/11) 25 45 80 277 62 Burley (12/09, amended) 25 45 81 281 63 Seltec (6/10) 25 45 82 284 64 Ethan (6/12) 25 45 83 288 65 Norman (6/08) 25 45 84 290 66 Preparation question: Reconstruction scheme – – 85 293 67 Plans 15 27 86 297 68 Decany (12/11) 25 45 86 299 IFRS for small and medium-sized entities 69 IFRSs and SMEs (ACR, 6/06, amended) 25 45 87 303 70 Whitebirk (12/10, amended) 22 40 88 305 Mock exam 1 71 Jay (ACR 6/05, amended) 72 Sirus (ACR, 6/08) 73 Router (ACR, 6/07) 74 Handrew (ACR, 6/05, amended) Mock exam 2 75 Beth (12/07, amended) 76 Enterprise (ACR 12/03) 77 Gow (ACR 12/06, amended) 78 Implementing IFRS (6/08) Mock exam 3 (December 2012) 79 Minny (12/12) 80 Coate (12/12) 81 Blackcutt (12/12) 82 Jayach (12/12) viii Finding questions Planning your question practice Our guidance from page xxv shows you how to organise your question practice, either by attempting questions from each syllabus area or by building your own exams – tackling questions as a series of practice exams. June and December 2013 exams BPP’s answers for these exams will be available for free after the exams on http://www.bpp.com/acca . Finding questions ix Topic index Listed below are the key Paper P2 syllabus topics and the numbers of the questions in this Kit covering those topics. If you need to concentrate your practice and revision on certain topics or if you want to attempt all available questions that refer to a particular subject, you will find this index useful. Syllabus topic Question numbers Associates 33 Complex groups 34 – 37 Consolidated statement of financial position 41 Consolidated statement of profit or loss and other comprehensive income 37 Consolidated statement of cash flows 50 – 52 Corporate citizenship 71 Disposals 38 – 44 Employee benefits 9 – 12 Environmental issues 4 Ethics 41 – 43 Financial instruments 16 – 20 Foreign currency 44 – 48 IAS 1 (revised) Throughout Impairment 57, 59 International issues 59, 60, 74, 78 IFRS 2 21 – 23 IFRS 3 32 – 52 IFRS 9 16 – 20 IFRS 10 to 11 32 – 52 IFRS 13 59, throughout Joint ventures 37, 59 Measurement of performance 53 – 60 Non-current assets 5 – 7 Provisions 24 – 26 Related party transactions 27, 28 Reporting performance 54, 76 Revenue recognition 3, 7, 55 Share-based payment 21 – 23 Small and medium-sized entities 69, 70 Taxation 13 – 15 [...]... matters relating to P2 (International or UK), please see our BPP Learning Media ACCA Platinum micro site This site can be accessed by following the link below and using your unique login details that are given at the front of this kit http://accaresources .bpp. com/student/login/index.php For the UK Stream Supplement, visit http:///www .bpp. com /acca Revising P2 xxiii Useful websites The websites below provide... reviewed by the examiner! BPP Learning Media – the sole Platinum Approved Learning Partner – content As ACCA s sole Platinum Approved Learning Partner – content, BPP Learning Media gives you the unique opportunity to use examiner-reviewed revision materials for the exams up to June 2014 By incorporating the examiner’s comments and suggestions regarding syllabus coverage, the BPP Learning Media Practice... provide additional sources of information of relevance to your studies for Corporate Reporting www.accaglobal.com BPP www .bpp. com IASB www.iasb.org Financial Times www.ft.com Accountancy Foundation www.accountancyfoundation.com International Federation of Accountants (IFAC) www.ifac.org xxiv ACCA IAS Plus www.IASPlus.com Revising P2 Planning your question practice We have already stressed... suggestions regarding syllabus coverage, the BPP Learning Media Practice and Revision Kit provides excellent, ACCA- approved support for your revision Tackling revision and the exam Using feedback obtained from ACCA examiners as part of their review: We look at the dos and don’ts of revising for, and taking, ACCA exams We focus on Paper P2; we discuss revising the syllabus, what to do (and what not to do)... questions Use BPP' s question plan to work systematically through the syllabus and attempt key and other questions on a section-by-section basis Build your own exams – attempt questions as a series of practice exams These ways are suggestions and simply following them is no guarantee of success You or your college may prefer an alternative but equally valid approach BPP' s question plan The BPP plan below... approaches to adopt Using your BPP Learning Media Practice and Revision kit Attempting mock exams There are three mock exams that provide practice at coping with the pressures of the exam day We strongly recommend that you attempt them under exam conditions Mock exams 1 and 2 reflect the question styles and syllabus coverage of the exam; Mock exam 3 is the December 2012 paper Using your BPP Learning Media Practice... practice on these topics, and see the different ways in which they might be examined BPP' s question plan highlighting the most important questions and explaining why you should attempt them Build your own exams, showing how you can practise questions in a series of exams Making the most of question practice At BPP Learning Media we realise that you need more than just questions and model answers... not have time or knowledge to do, cross them out It will make you feel better Than tackle the bits you can do This is how people pass a seemingly impossible paper Be ruthless in allocating your time At BPP, we have seen how very intelligent students do two almost perfect questions, one averagely good and one sketchy The first eight to ten marks are the easiest to get Then you have to push it up to what... failing We include marking guides to show you what the examiner rewards We include examiners’ comments to show you where students struggled or performed well in the actual exam We refer to the 2012 BPP Study Text (for exams up to June 2014) for detailed coverage of the topics covered in questions x Our Top tips included for certain questions provide essential advice on tackling questions, presenting... question with a group statement of cash flows Do in full 19 58 Useful coverage of range of issues Do in full Planning your question practice xxvii Build your own exams Having revised your notes and the BPP Passcards, you can attempt the questions in the Kit as a series of practice exams You can organise the questions in the following ways Either you can attempt complete past exam papers; recent papers . your BPP Learning Media Practice and Revision kit Helping you with your revision – the ONLY P2 Practice and Revision Kit to be reviewed by the examiner!. the BPP Learning Media Practice and Revision Kit provides excellent, ACCA-approved support for your revision. Tackling revision and the exam Using feedback