ACCA P2 paper is in the middle of the Essentials module. Its major theme is Corporate Reporting at the advanced level. Previously ACCA students have been learning the basic principles of financial and accounting reporting. Now they are to show their ability to synthesize and evaluate the corporate processes.
ACCA P2 exam allows anyone who passes this course plus P7 taking practice as a registered auditor in the UK or Ireland accounting bodies. This can become your first serious experience in the field. As an ACCA student you will be assisted by Approved Learning Partners in more than 200 spots in the world. Note that ACCA P2 course, as well as other ACCA papers, is adjusted to the economic reality you are in.
As usual, P2 consists of several issues you are to study within the whole ACCA P2 exam course. There are totally 8 subjects:
- A – accountants’ professional duties and ethics;
- B – financial reporting evaluation;
- C – reporting on financial entities performance;
- D – financial reporting and accounting standards;
- E – reporting on specialized entities;
- F – accounting regulation of financial reporting;
- G – evaluation of the entities’ financial performance;
- H – evaluation of current developments.
ACCA P2 tips may include the following information. ACCA exam for the P2 paper lasts for three hours, with 15 minutes of reading and planning time before the exam. All examination papers of the Professional level are divided in two sections, where the A Section is compulsory and contains one case study question (the right answer is counted for 50 marks) and the B Section offers some choice among 2-3 questions totaling 30-50 marks. The pass mark of the ACCA P2 paper is 50%.
Having passed the ACCA P2 exam you have the possibility to become a real professional in the field of corporate and financial reporting.