The most recent Discussion Forum Topics from AccountancyStudents

where to study p2 online, LSBF,BPP, KAPLAN?

2012-01-08T15:30:56+00:00

any students out there done the p2 online course with LSBF,Bpp, or Kaplan???
im wondering were is best

June11 Rose

2011-08-31T18:15:47+00:00

Hi there,

In Q1 of paper P2 June’11, why is that the Fair Value doesnt take in account the Patent eg

94
+46

=140
-124
=16 as Goodwill

P2

2011-06-14T13:06:39+00:00

How did you all find it?

I thought q1 was quite friendly but, yet again, I paid the price for being ill prepared. Some of my adjustments were guesses! Q2 and Q3 ambiguous as always, didn’t touch q4 as I didn’t do nearly enough FI revison.

Ho hum, another guaranteed fail. Lets just hope I passed one of the two!

Q1 - June 2011

2011-06-09T09:04:07+00:00

Anyone have any tips? I am considering not even touching cash flows as it came up in Dec and I simply haven’t the time.

Section B is concerning me most. Any tips?

BPP P&R kit question 30 - Rod

2011-05-19T09:09:02+00:00

Anyone able to help with this? You’ll probably need to have the question in front of you to do so.

Just doing the goodwill calculation and don’t understand why the NCI of ‘Line’ is 300 * 40%, 300 being the FV net assets. I literally have no idea where this figure comes from.

The ‘consideration transferred’ bit; ‘consideration tfrd - Reel’ - 80% * 100. Where does the 80% come from? It’s to do with Reel’s investment in Line, which is 25%. What is 80%?

Why is the ‘FV adjustment’ 10?

In the SOFP, why is the receivables figure reduced by 100?

P2 June 2011 tips & articles

2011-05-11T12:05:11+00:00

Has anyone done any tuition and/or revision course for this exam? Just wondering if there any tips were given as to what may come up and which articles are most relevant for this sitting?

IAS 24 - Related party disclosure Important points

2009-04-21T02:43:16+00:00

- Materiality of transactions should be assessed and material transactions should be disclosed.
- Transactions with directors are deemed to be sensitive and should be disclosed
- IAS 24 require disclosure of contracts with key personnel in company and sale of assets to directors.

Refer to : Kaplan Exam kit Question 25 ENGINA

Help please! Ias 21

2009-08-18T07:52:57+00:00

What are the impact on single balance sheet and income statement of the parent if the exchange changes, where their foreign subsidiary is situated

Ias 16 FV MODEL

2009-10-09T14:33:00+00:00

Once an entity uses fv model frm cost model can they again revert back to cost model? I think i read in f7, they cannot

IAS-18

2011-02-24T14:13:08+00:00

What is the accounting treatment of this scenario (IAS-18)?

A ltd is a telecom company. It introduced a new package in which a subscriber will get a handset worth $150 for free with a service contract of 12 months.