Exam Guide June 2014 (P2 Corporate Reporting) by Joe Fang

	Topics
Question 1	(a)   Consolidated Financial Statements (Do not Spot!) -          Group cash flows -          Vertical/Mixed group -          Foreign operation (Closing Rate method) -          Piecemeal acquisition -          Disposal Accounting standards integrated in Consolidated Financial Statements (At least 3 from below): -          IAS 16 Property, Plant and Equipment -          IAS 38 Intangible Assets -          IAS 19 Employee Benefit -          IAS 21 The Effects of Changes in Foreign Exchange Rates -          IAS 28 Investments in Associates and Joint Ventures -          IAS 37 Provisions, Contingent Liabilities and Assets -          IFRS 9 Financial Instruments -          IFRS 2 Share Based Payments (b)   Theoretical element on group context -          IFRS 8 Operating Segment -          IFRS 9 Financial Instruments -          IFRS 3 Business Combinations -          IFRS 11 Joint Venture Arrangement -          IFRS 10 Consolidated Financial Statements -          IFRS 13 Fair Value Measurement (c)    Ethics -          Explain the difference between being ethical and mere compliance of the Accounting Standards -          The case mentioned contains element of “Creative accounting” to mislead financial user -          Student need to address the unethical behavior or accounting treatment proposed by the Director -          Recommend a proposed solution
Question 2 (1 or 2 Accounting standard(s) )	At least 6 of the followings: -          IAS 10 Post Reporting Events -          IAS 12 Taxation -          IAS 16 Property, Plant and Equipment -          IAS 17 Lease -          IAS 18 Revenue -          IAS 19 Employee Benefit -          IAS 24 Related Party Transactions -          IAS 36 Impairment of Assets -          IAS 37 Provisions, Contingent Liabilities and Assets -          IAS 38 Intangible Assets -          IFRS 9 Financial Instruments -          IFRS 11 Joint Venture Arrangement -          IFRS 10 Consolidated Financial Statements -          IFRS 3 Business Combination
Question 3 (At lease 4 Accounting Standards)
Question 4	-          IFRS 9 – Draft Chapter 6 Hedge Accounting -          ED Revenue from contracts with customers -          ED Investment Entities -          ED Financial Instruments: Amortised Cost and Impairment (inc -          expected loss approach) -          ED Improvements to IFRSs