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P2 - Tuesday

  • 07-12-2008 6:39pm
    #1
    Nanoc
    Registered Users Posts: 390 ✭✭


    So how's everyone feeling about P2 Tuesday?

    Cashflow?


Comments

  • #2
    bongoboy
    Closed Accounts Posts: 53 ✭✭bongoboy


    Yep - hoping cashflows as its expected.
    Have to study the AAP Q - as might get that style where he gives you the cashflow.
    Will defo have an impairment test & some FRS 25 & 26 parts thrown in as well.
    For the 15 marks theory part of Q1 - just gonna wing it !

    Below are the tips - thanks to Climber for them.
    Best of luck to you !

    P2 CORPORATE REPORTING
    *Group cash flow.
    *IFRS 3 Business combinations revised.
    *Impairment.
    *Financial instruments (again).
    *Non-financial reporting.
    *Related party transactions.
    *Ethics.
    *Cash flow statements.


  • #3
    RS6
    Closed Accounts Posts: 52 ✭✭RS6


    Sounds like a nightmare.

    Surely better to do the masters and head straight to the finals?


  • #4
    Nanoc
    Registered Users Posts: 390 ✭✭Nanoc


    Yeah I hope for a Cashflow too but I have a sneaky feeling that he may throw in a consol P&L instead, I know if I was the examiner I would, ye'd catch so many out!

    Basically it all rests on Q1 for so many, there'll always be impairments, provisions, revenue recognition FRS25/26 etc.

    I have heard though that if he has put something on the Pilot paper than it has to be examined within 3 sittings and this is the 3rd sitting so if its on the Pilot and hasn't been asked it should be a sure thing tomorrow .....should be...


  • #5
    Back to Books
    Closed Accounts Posts: 4 ✭Back to Books


    I have that same feeling about the P&L coming up in Q1. Also deferred tax was on the pilot and has yet to appear.


  • #6
    ksarah
    Closed Accounts Posts: 3 ✭ksarah


    Nanoc wrote: »
    I have heard though that if he has put something on the Pilot paper than it has to be examined within 3 sittings and this is the 3rd sitting so if its on the Pilot and hasn't been asked it should be a sure thing tomorrow .....should be...


    Pilot Paper questions will all appear within 4 sittings so there's no guarantee of Cashflow's unfortunately


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