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ACCA P2 Corporate Reporting Video Resources

ACCA P2 Corporate Reporting Video Resources

ACCA P2 Corporate Reporting Video Resources :

This is designed to help you plan your studies and to provide more detailed interpretation of the syllabus for ACCA’s Certified Accounting Technician exams. It contains both the Syllabus and the Study Sessions for the paper, which you can follow when preparing for the exam.

The Syllabus outlines the content of the paper and how that content is examined. The Study Sessions take the syllabus and expand it into teaching or study sessions of similar length. These sessions indicate what the examiner expects of candidates for each part of the syllabus, and therefore gives you guidance in the skills you are expected to demonstrate in the exams. The time to complete each session will vary according to your individual capabilities and the time you have available to study. Tuition providers offering face-to-face tuition are recommended to design courses with a minimum of two hours tuition per study session. However, repeated coverage of the material is vital to ensure your understanding and recall of the subject. Be sure to practise past exam questions to consolidate your knowledge and read Student Accountant regularly.

video lectures

video lectures

From 26 February 2014 ACCA has introduced an improved student experience for all exams available by CBE.  Use the specimen exam available via the link on the right hand side of this page to familiarise yourself with the style and layout of the exam.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.

ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA P2 Corporate Reporting Video Resources

ACCA P2 Corporate Reporting Video Resources: The specimen exams indicate how the paper will be assessed, structured and the likely style and range of questions that could be asked. Any student preparing to take this exam should familiarise themselves with the exam style.

ACCA P2 Corporate Reporting Video Resources

ACCA P2 Corporate Reporting Video Resources : All specimen exam questions and solutions are the copyright of ACCA and can only be used for classroom and student use in preparation for their ACCA exams. They cannot be published in any form (paper or soft copy), or sold for profit in any way, without first gaining the express permission of ACCA. Nor can they be used as examinations, in whole or in part, by other institutions or awarding bodies.

ACCA P2 Corporate Reporting Video Resources

ACCA P2 Corporate Reporting Video Resources : This is the main document that students, learning and content providers should use as the basis of their studies, instruction and materials. Examinations will be based on the detail of the study guide which comprehensively identifies what could be assessed in any examination session. The study guide is a precise reflection and breakdown of the syllabus. It is divided into sections based on the main capabilities identified in the syllabus. These sections are divided into subject areas which relate to the sub-capabilities included in the detailed syllabus. Subject areas are broken down into sub-headings which describe the detailed outcomes that could be assessed in examinations. These outcomes are described using verbs indicating what exams may require students to demonstrate, and the broad intellectual level at which these may need to be demonstrated.

ACCA P2 Corporate Reporting Video Resources

ACCA P2 Corporate Reporting Video Resources : 


1. Professional behaviour and compliance with accounting standards

a) Appraise and discuss the ethical and professional issues in advising on corporate reporting.

b) Assess the relevance and importance of ethical and professional issues in complying with accounting standards.

2. Ethical requirements of corporate reporting and the consequences of unethical behaviour

a) Appraise the potential ethical implications of professional and managerial decisions in the preparation of corporate reports.

b) Assess the consequences of not upholding ethical principles in the preparation of corporate reports.

3. Social Responsibility

a) Discuss the increased demand for transparency in corporate reports, and the emergence of non-financial reporting standards.

b) Discuss the progress towards a framework for integrated reporting.


1. The applications, strengths and weaknesses of an accounting framework

a) Evaluate the valuation models adopted by standard setters.

b) Discuss the use of an accounting framework in underpinning the production of accounting standards.

c) Assess the success of such a framework in introducing rigorous and consistent accounting standards.

2. Critical evaluation of principles and practices

a) Identify the relationship between accounting theory and practice.

b) Critically evaluate accounting principles and practices used in corporate reporting.

ACCA P2 Corporate Reporting Video Resources :


1. Performance reporting

a) Prepare reports relating to corporate performance for external stakeholders.

b) Discuss and apply the criteria that must be met before an entity can apply the revenue recognition model to that contract. c) Discuss and apply the five-step model which relates to revenue earned from a contract with a customer

2. Non-current assets

a) Apply and discuss the timing of the recognition of non-current assets and the determination of their carrying amounts including impairments and revaluations.

b) Apply and discuss the treatment of non-current assets held for sale.

c) Apply and discuss the accounting treatment of investment properties including classification, recognition and measurement issues.

d) Apply and discuss the accounting treatment of intangible assets including the criteria for recognition and measurement subsequent to acquisition and classification.

3. Financial Instruments

a) Apply and discuss the recognition and derecognition of financial assets and financial liabilities

 b) Apply and discuss the classification of financial assets and financial liabilities and their measurement.

c) Apply and discuss the treatment of gains and losses arising on financial assets and financial liabilities.

d) Apply and discuss the treatment of the expected loss impairment model.

e) Account for derivative financial instruments, and simple embedded derivatives.

f) Outline the principles of hedge accounting and account for fair value hedges and cash flow hedges including hedge effectiveness.

4. Leases

a) Apply and discuss the accounting for leases by lessees including the measurement of the right of use asset and liability

b. Apply and discuss the accounting for leases by lessors

c Apply and discuss the circumstances where there may be re-measurement of the lease liability

d. Apply and discuss the reasons behind the separation of the components of a lease contract into lease and no lease elements

e Discuss the recognition exemptions under the current leasing standard

f) Account for and discuss sale and leaseback transactions.

5. Segment Reporting

a) Determine the nature and extent of reportable segments.

b) Specify and discuss the nature of segment information to be disclosed.

6. Employee Benefits

a) Apply and discuss the accounting treatment of short term and long term employee benefits and defined contribution and defined benefit plans.

b) Account for gains and losses on settlements and curtailments.

c) Account for the “Asset Ceiling” test and the reporting of actuarial gains and losses.

7. Income taxes

a) Apply and discuss the recognition and measurement of deferred tax liabilities and deferred tax assets.

b) Determine the recognition of tax expense or income and its inclusion in the financial statements.

8. Provisions, contingencies and events after the reporting date

a) Apply and discuss the recognition, derecognition and measurement of provisions, contingent liabilities and contingent assets including environmental provisions and restructuring provisions.

b) Apply and discuss the accounting for events after the reporting date.

c) Determine and report going concern issues arising after the reporting date.

9. Related parties

a) Determine the parties considered to be related to an entity.

b) Identify the implications of related party relationships and the need for disclosure.

10. Share based payment

a) Apply and discuss the recognition and measurement criteria for share-based payment transactions.

b) Account for modifications, cancellations and settlements of share based payment transactions.

11. Reporting requirements of small and mediumsized entities (SMEs)

a) Discuss the accounting treatments not allowable under the IFRS for SMEs including the revaluation model for certain assets

b) Discuss and apply the simplifications introduced by the IFRS for SMEs including accounting for goodwill and intangible assets, financial instruments, defined benefit schemes,exchange differences and associates and joint ventures.

 ACCA P2 Corporate Reporting Video Resources :


1. Group accounting including statements of cash flows

a) Apply the method of accounting for business combinations including complex group structures.

b) Apply the principles in determining the cost of a business combination.

c) Apply the recognition and measurement criteria for identifiable acquired assets and liabilities and goodwill including step acquisitions.

d) Apply and discuss the criteria used to identify a subsidiary and an associate.

e) Determine and apply appropriate procedures to be used in preparing group financial statements.

f) Identify and outline: – the circumstances in which a group is required to prepare consolidated financial statements

– the circumstances when a group may claim and exemption from the preparation of consolidated financial statements.

– why directors may not wish to consolidate a subsidiary and where this is permitted.

g) Apply the equity method of accounting for associates.

h) Outline and apply the key definitions and accounting methods which relate to interests in joint arrangements.

ACCA P2 Corporate Reporting Video Resources

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