P2 Corporate Reporting ACCA Pastpapers, Question Papers, Examiner Reports, Mark Schemes, Examinable Documents
Nature of the ACCA P2 paper
ACCA P2 Paper – Corporate Reporting – a ( big ) step up from F7 Financial Reporting – is to apply knowledge and skills and to exercise professional judgement in the application and evaluation of financial reporting principles and practices in a range of differing business situations.
Structure of the ACCA P2 paper
Question 1 is a compulsory 50 mark question based on consolidations (usually for 30 / 35 marks with the balance of marks 15 / 20 being allotted to
further parts – maybe 3 or 4.)
The other 50 marks are based on a choice of 2 questions from 3 each worth 25 marks
Questions 2 and 3 typically cover a range of IASs / IFRSs and involve rather more in the way of explanation and justification than in computation.
Question 4 tends to be a discussion question on a topical issue.
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