P2 Corporate Reporting

An introduction

What is P2 all about?

• A financial reporting paper testing understanding and judgement

• Analysing a situation and providing sensible solutions

• Requires application of knowledge

P2 Corporate Reporting

Syllabus areas

A Professional ethics
B Financial reporting framework
C Reporting financial performance
D Groups
E Specialised entities
F Changes in regulation
G Appraisal of performance & position
H Current developments

P2 Exam format

P2 is assessed by a three hour paper-based examination plus 15 minutes reading

time.

The examination consists of 1 compulsory 50 mark case study and a choice of 2 out
of 3 scenarios worth 25 marks each

Past exams have used roughly the following format, although the examiner reserves
his right to play with this trend:-

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 P2 Exam format
Q1 Group accounting case study
(35 marks numbers + 15 marks narrative)
Q2 Focus question
(25 marks of mostly narrative)
Q3 Industry mix question
(25 marks of mostly narrative)
Q4 Current issues question
(25 marks almost exclusively narrative)

How to pass P2

• Develop solid financial reporting foundations

• Develop financial reporting analytical skills

• Develop a tough aggressive attitude

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