Bpp Learning Media Essay

Submitted By lamian
Words: 2107
Pages: 9
Open Document
ACCA Paper P2
Corporate Reporting

For exams from 1 September 2015 to
31 August 2016
BPP LEARNING MEDIA

Key to icons
Syllabus

Case study

Technical content

Real world example

Question to consider

Diagram

Answer

Key model

Past exam question

Tackling the exam

Answer to past exam question Summary

BPP LEARNING MEDIA

Syllabus
A

The professional & ethical duty of the accountant

B

The financial reporting framework

C

Reporting the financial performance of entities

D

Financial statements of groups of entities

E

Specialised entities

F

Implications of changes in regulation on financial reporting

G

The appraisal of financial performance and position of entities H

Current developments

BPP LEARNING MEDIA

Exam format
Section

Marks

Question Type
Compulsory consolidation with adjustments on other areas

A

50
Written part on an accounting treatment plus ethical or social issues
Choice of two out of three optional questions
(25 marks each)

B

BPP LEARNING MEDIA

50

1 scenario­based
1 specialised industry
1 current issues

Key points in approaching the exam
• Our analysis of the examiner's comments on past exams, together with our experience of preparing students for this type of exam, suggests that to pass Paper P2 you will need to develop a number of key skills.
• Make effective use of your reading time:
─ Focus on the requirement first
─ Consider the order in which to attempt questions, eg best question first
• Adopt a methodical approach to consolidation questions.
• Specialised industry/multi­standard questions – show that you can apply your knowledge of topics from a variety of syllabus areas to real­life issues facing a company.
BPP LEARNING MEDIA

Key points in approaching the exam
• Do not underestimate the importance of the discussion elements. • Time management – remember the rule of time allocation in a three­hour exam: 1 mark = 1.8 minutes.
• Time allocation is also important between the different parts of the questions to ensure you do not over­run.

BPP LEARNING MEDIA

Chapter 2
Professional and ethical duty of the accountant • Summary/overview
• Ethical principles in corporate reporting • Complying with ethical principles
• Framework for decisions
• Moral philosophy and theory in ethics • Ethical theories
• Ethics in organisations
• Managing ethics within organisations • Non­financial reporting standards

BPP LEARNING MEDIA

Syllabus learning outcomes
• A1(a) – Appraise and discuss the ethical and professional issues in advising on corporate reporting.
• A1(b) – Assess the relevance and importance of ethical and professional issues in complying with accounting standards.
• A2(a) – Appraise the potential ethical implications of professional and managerial decisions in the preparation of corporate reports.
• A2(b) – Assess the consequences of not upholding ethical principles in the preparation of corporate reports.
• A3(a) – Discuss the increased demand for transparency in corporate reports, and the emergence of non­financial reporting standards. BPP LEARNING MEDIA

Chapter summary diagram
Professional and ethical duty of the accountant

Professional and ethical issues
Ethical principles in corporate reporting Framework for decisions BPP LEARNING MEDIA

Complying with accounting standards

Non­financial reporting standards

Transparency

Standards

Summary/overview
Professional and ethical issues In all areas of professional work, whether in practice or in business, ACCA members and students must carry out their work with regard to the fundamental principles of professional ethics.
Non­financial reporting standards There is an increasing demand by stakeholders for companies to produce more narrative information to supplement the financial statements. This is often in the form of a Management Commentary or Operating and
Financial Review as well as reports about the company's interactions with society and the environment.

BPP
Show More

Related Documents: Bpp Learning Media Essay

Operation Management Kfc Essay

OPERATION MANAGEMENT INTRODUCTION: KFC is one of the largest franchise company. One of the branch of KFC consists of 100 employees. This business report critically underpin the issues which emerge during the processes, designs and supply chain of the business. It will also unveil that how can KFC become the market leader and gain the competitive advantage over all the rivals. It also reveal that brand name like KFC can increase the productivity, market share avoid wastage…

Words 4482 - Pages 18

Difference Between Law And Contractual Liability

Table of Contents Introduction 2 (3.1) Contrast liability in torts with contractual liability 3 (3.2) Explain the nature of liability in negligence & (3.3) Explain how a business can be vicariously liable 4 (4.1) Apply the elements of the tort of negligence and defences in the above different business situations for the legal officer who is assigned to VJSC & (4.2) Apply the elements of vicarious liability in above different business situations for the legal officer who is assigned…

Words 2465 - Pages 10

Violence: The Violence Of The Black Panther Party

common (“Black Panthers”). The party created 26 rules that members had to know by heart. If you did not follow the rules, then you were not considered a member (Williams). Many blacks believed that they were not violent enough to be in the party (Media Rich…

Words 878 - Pages 4

The Importance Of Education In Education

commitment to achieve in the minds of student, it is not their fault. We have to convert education into a sport and learning process has to generate interest in the students and motivate them to stay back in the institution than to run away from it. Education…

Words 1339 - Pages 6

Essay about An Analysis of the Key Factors That Influence the Levels of Motivation of Staff a Case Study of Allied Associates & Co

the topic to my current job, ▪ Easy access to the organization of my choice i.e. BBc, ▪ Availability of records and internal magazines for research, ▪ Access to the Partners and other staff, ▪ To assist me in learning a better way of relating with staff etc. 3. Aims and objectives of the report Objectives is something you are trying to achieve (Oxford Advanced Dictionary, 2005) while objective as defined by wikipedia “is a goal, a planned or intended…

Words 6823 - Pages 28

Evaluate Leadership Style Analysis

AC 1.1 – 1.2: Understand own ability to fulfil key responsibilities of the leadership role There are a plenitude of administration styles for the trying pioneers to adjust and consider, however it is worth to note that an leadership style is best or now and again just compelling when utilized as a part of its proper circumstance. For example, some leadership style may work in a substantial hardware industry however not in a logistics industry. There are numerous leadership styles system that is utilized…

Words 2333 - Pages 10

Document2 Maria Fernandes Essay

organization theory underpin the practice of management Organization theory is as a set of information that a company needs for a smooth constructive run. However here is how it under pin the practice of management. “Learning to theorize is probably more important than learning theories, but learning theories is essential to leaning to theorize. An ancient, most likely Chinese, proverb states: ‘Give a man a fish and he will eat for the day. Teach a man to fish he will eat for a life time.’ Organization theory…

Words 1037 - Pages 5

Essay on Managing Operational Activities to Achieve Business Results

Lecturer(s) Anup Bista Adrian Gauci Dhaneswar Chooramun Internal Verifier Jonathan Cartmell Course Notes / Slides / Activities / Handouts. 1. Recommended Learning Textbooks: BPP (2010) Management: Communication and Achieving Results – Business essentials – supporting HNC/HND and foundation degrees, BPP Learning Media: London Slack N., (2007) Operations Management,…

Words 2448 - Pages 10

Case Study Of DZL

TABLE OF CONTENT Table of Contents CONTENT INTRODUCTION Mr. Hung, a project manager of DZL, has his vision for future growth of his organization. However, his subordinates seem disinterested and sometimes they against his efforts to change processes. Now, Mr. Hung wants to find out the way of effective leadership and management to affect employee’s motivation in the process of change. Besides, he also wants to have an objective assessment of the reward system…

Words 4366 - Pages 18

Organisational behaviour Essay example

business and economics www.ofgem.gov.uk/Pages/OfgemHome. aspx is the web site of the Office of the Gas and Electricity Markets. Each industry regulator has a similar site www.bized.co.uk/ Bized provides a selection of teaching and learning resources www.bbc.co.uk/news/business/ the BBC web site’s business section http://europa.eu/index_en.htm The website of the European Union www.thetimes100.co.uk includes a number of business and economics oriented case studies…

Words 5803 - Pages 24