P2 Corporate Reporting (CR)
THE SECRET TO EXAM SUCCESS
The Corporate Reporting examination requires a deep understanding and knowledge of the conceptual framework, IFRSs and code of ethics. Candidates need to show this knowledge and then to apply it to a particular scenario. You will need to extend your studying beyond reliance on a single textbook or revision course. Explain, discuss, advise are the key words for this exam. Advice outlines both the correct accounting treatment and also the reasons for this treatment.
To apply knowledge, skills and exercise professional judgement in the application and evaluation of financial reporting principles and practices in a range of business contexts and situations.
The syllabus for Paper P2, Corporate Reporting, assumes knowledge acquired at the Fundamentals level including the core technical capabilities to prepare and analyse financial reports for single and combined entities.
The Paper P2 syllabus takes the subject into greater depth and contextualises the role of the accountant as a professional steward and adviser/analyst by initially exploring the wider professional duties and responsibilities of the accountant to the stakeholders of an organisation.
The syllabus examines the financial reporting framework within which the accountant operates and examines detailed financial reporting requirements for entities leading to the preparation of group financial reports in accordance with generally accepted accounting practice and relevant standards.
The syllabus then deals with the nature of reporting for specialized entities including not-for-profit and small and medium-sized enterprises. The final sections of the syllabus explore – in more depth – the role of the accountant as financial analyst and adviser through the assessment of financial performance and position of entities, and the accountant’s role in assessing and advising on the implications of accounting regulation on corporate reporting. Finally, the syllabus covers the evaluation of current developments and their implications for financial reporting.
On successful completion of this paper candidates should be able to:
- Discuss the professional and ethical duties of the accountant
- Evaluate the financial reporting framework
- Advise on and report the financial performance of entities
- Prepare the financial statements of groups of entities in accordance with relevant accounting standards
- Explain reporting issues relating to specialized entities
- Discuss the implications of changes in accounting regulation on financial reporting
- Appraise the financial performance and position of entities
- Evaluate current developments
- Lectures 17
- Quizzes 2
- Duration 15-25 hrs
- Skill level All levels
- Language English
- Students 11
- Certificate Yes
- Assessments Self
Study from anywhere
I wanted to take the class over the summer while abroad. The online class allowed me to continue to learn throughout the summer in the comfort of my own home.
Best private ACCA course
I have taken many online group courses (webinars sort of) but none of them offered conferencing as part of the course. Taking P2 Corporate Reporting with Quantia was a one to one interaction with instant feedback form the instructor. That really made a big difference.
Very satisfied, definitely recommend!
The service is not cheap but it is worth it. I was seeking urgent assistance with Corporate Reporting (ACCA Paper P2) after a very unpleasant experience elsewhere. I was very short on time and was introduced to Veronica who was able to talk to me at a short notice. She turned out to be very professional, attentive and helpful and provided me the guidance and exam strategy I needed to pass the exam.
Very professional and effective
I’m an international student and after having my second child I got really worried I will not have enough time to study and pass my ACCA exams. The private online classes changed everything because it allowed me to dedicate time for my family while pursuing my lifetime goal. My tutor, Veronica split the syllabus on two areas: the one I needed one-to-one tutoring and the other where the material was easy to cover by myself. I passed my last two ACCA exams that way (advanced audit and corporate reporting). Highly recommend Veronica because she is very knowledgable and experienced on the subject.
Best value for my money and time
This program was the key to my success in passing P2, P3 and P5 papers of the ACCA exam. The lectures were clear, precise, and addressed every topic on the actual exams.