P2 INT – Corporate Reporting (International variant)
Compulsory group question within part A could be:
• Cashflow (not examined under the new syllabus, but in the pilot paper)
• Group income statement which will examine aspects
of IFRS 3 revised (goodwill and NCI at fair value)
• Accounting for changed shareholdings in group structure
Within the compulsory question, there may also be some explanation and
application of ethics and/or a written element which includes IFRS 3 revised.
Multi-topic question to include aspects of:
• Impairments
• Share-based payment
• Financial instruments
• Retirement benefits
• Discontinued and held-for-sale
• Deferred tax
• Provisions and events after the b/s date
Current issues:
• Retirement benefits – Discussion Paper within examinable documents
• Financial Instruments – Discussion Paper within examinable documents
• IFRS 3 Revised
• Harmonisation of international standards
P2 UK – Corporate Reporting (UK variant)
Compulsory group question within part A could be:
• Cashflow (not examined under the new syllabus, but in the pilot paper)
• Group income statement - accounting for changed
shareholdings in group structure during the year
• Some explanation and application of ethics
Multi-topic question to include aspects of:
• Impairments
• Share-based payment
• Financial instruments
• Retirement benefits
• Discontinued and held-for-sale
• Deferred tax
• Provisions and events after the b/s date
Current issues:
• Retirement benefits proposed changes to UK and
international standards - i.e. harmonisation
• Financial Instruments – proposed changes to UK and international standards:
1. ASB issues Amendment to FRS 25 ’Financial Instruments: Presentation’
14 August 2008 @ 10:00
http://www.frc.org.uk/asb/press/pub1676.html
2. ASB to issue Amendments to Permit Reclassification of Financial Instruments
16 October 2008 @ 17:00
http://www.frc.org.uk/asb/press/pub1739.html
3. Possible revisions to reporting business
combinations per IFRS 3 Revised to harmonise UK and IFRS
4. Harmonisation of financial reporting standards generally - i.e. UK FRS, IFRS and US GAAP
It may be a little too soon for a question on problems re fair
values which, although this is a problem in the real world at the
moment, in the context of when the examiner probably wrote and had the
paper checked for quality control is more likely to be examined next time.
Therefore, the first improvement standard is less likely
to be examined than the topics above.
责任编辑:虫虫