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CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
Topic No. Lecture Chapter Ref
Syllabus Topic Details A Questions in Class Questions for Homework
Intro 1 - Exam Day
Techniques
Intro 1 - Syllabus
1 1 4. International
Financial
Reporting
IAS 16 - PPE Q (A) April 2014 :
Note 8 (IAS 16)
2 1 4. International
Financial
Reporting
IAS 40 – Investment Properties
Q (a) Issue 5 April
2013 – IAS 40
Homework 1: Q1 Aug
2011 (Issue 4 & 6) – ias
16/ias 40 –
3 1 4. International
Financial
Reporting
IAS 23 –
Borrowing Costs
Q (A) April 2014:
Note 9 (IAS 23)
4 2 4. International
Financial
Reporting
IAS 17 – Leases
Finance Lease In
Arrears (Pg
253/254) &
Advance from
Lecture Notes
(264)
Sum of the Digits
April 2014 – Briefing
Note 1
Q1 April 2011 Note
(vi) – Sale and
Leaseback –
Homework 2: Issue
A (1) August 2012 -
IAS 17
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
– Pg 260
Ias 17 Criticisms
– Go Through
ICAI article Aug
2013
5 2 4. International
Financial
Reporting
IAS 36 –
Impairment of
Assets
Sandown from
Lecture Notes
Example on CGU
from Lecture
Notes – Page 212
Wilderness Q
from Lecture
Notes – CGU only
Aug 2012 (Qa Issue 3)
– Good Question –
Q1 April 2009 Note 10
– Reversal of Imp Loss
– Refer Class to This
and Put on Exam
Paper on Moodle
Homework 2: Q (a)
Issue 4 April 2013 –
IAS 36
6 2 4. International
Financial
IAS 38 – Intangible Assets
April 2014 – a (ii)
Development
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
Reporting Inventories – IAS 38 –
7 2 4. International
Financial
Reporting
– IAS 2 Inventory Work through Issue 6
Aug 2012
8 3 4. International
Financial
Reporting
IAS 12 – Income
Tax
Work Through Notes,
Do New Tutorial Question based on Note 10 P2 ACR April 2010
Homework 3: - Page 203 – Issue 6 Case Studies in Advanced Financial Reporting Kearney – IAS 12
9 3 4. International
Financial
Reporting
IAS 20 –
Government
Grants
Q2 4/11 Note 3 P1 as set out in Tutor Notes Q1 Aug 11 (Note 5) Make use of the Manual ;
10 3 4. International
Financial
Reporting
IAS 24 – Related
Parties
Q2 (B) Issue 2 April 2012 – Read Through
Q(B) (iii) Aug 2013 - Read Through
Egin Group Q&A- Class to review the Question
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
themselves
11 3 4. International
Financial
Reporting
IAS 10 –
Events After
the Reporting
Period
Gabreilla Enterprises Q&A Read Through;
Ryder Q&A (Part a – Good Question )
12 4 4. International
Financial
Reporting
IAS 19 -
Employee
Benefits;
Go Through Notes
then PEQ’s
Pg 129/130 of Case Studies Book (Also it is the Tutorial Q in my Notes)
Do in Class Q3 Aug 2011 – Do Part (a) with class and read part (b).
.
Issue 1 Aug 2013 – Enhancement of Scheme Benefits (Past Service Cost)
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
13 4 4. International
Financial
Reporting
IFRS 11 - IFRS
11 - Joint
Arrangements –
Notes then PEQ’s
Q a April 2013
14 4 4. International
Financial
Reporting
IAS 18 - Revenue Read through Notes; then Read Through Examples in CPA FEB 2014 Article; Place Other Articles on Moodle Read Issue 4 April 2014 with class
Homework 4: Q2 Aug 2011 IAS 18 (a) and (b) and (c)
15 4 4. International
Financial
Reporting
IAS 34 Home Study
16 5 3. Preparation of
Financial
Statements
(including
Consolidated
Financial
Statements)
CSOFP AND CSOPLOCI Refresher Question
Go Through Hydan - Complete Answer on Excel and Save to Moodle. (F7 CSOFP & CIS Q)
Homework 5: Q2 (B) April 2012 Issue 1 - IAS 36
Homework 5:Premier CSOFP & CSOPL (ACCA F7 Dec 2010 Q1)
17 5 3. Preparation of Use April 2014 April 2014 Note
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
Financial
Statements
(including
Consolidated
Financial
Statements)
Note 2 and 6 to revise an Associate in both CSOFP and CSOPL
2 and 6 to revise an Associate in both CSOFP and CSOPL
18 5 4. International
Financial
Reporting
IAS 21 –Groups Foreign Exchange – Part 1
Lecture Notes – IAS 21 – Single Company
Homework 5: Issue 5 April 2014 - IAS 21 FX
6 3. Preparation of
Financial
Statements
(including
Consolidated
Financial
Statements)
IAS 21 - Groups
Foreign Exchange – Part 2
Practice Question 1
IAS 21 – PQ 2 Standard/Odense Question –
- Homework 6: Get Class to Calculate Goodwill for Major and Translate the SOFP of Major– Q1 August 2013 –
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
19 6 4. International Financial Reporting
IAS 41 – Agriculture
Home Study
20 7 4. International Financial Reporting
IFRS 2 - Share Based Payments
Homework 7: Q2 June 2012 (ACCA P2) – All Parts – IAS 17, IAS 19, IFRS 2, IAS 37 –
21 7 4. International Financial Reporting
IFRS 1 – P1 CR - Q3 (6) April 12 – Write Out Question With Class
22 7 4. International Financial Reporting
IAS 1 - Read Through
“Whats in a Name?” July 2014 article
23 7 4. International Financial Reporting
IAS 11 Q1 April 2013 (issue 1) – IAS 11 –
Loss Making Contract - Q3 (2) April 2014 – P1 CR
Talk through the Mocca Question if time allows – Cumulative Approach
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
24 8 4. International Financial Reporting
IFRS 8 – Go Through Notes and Article – ARTICLE ON CPA Website! (
P1 CR – Q4 April 2014
25 8 4. International Financial Reporting
IFRS 12 Disclosure of Interests in Other Entities– Refer Students to Textbook Pg 550/551 – Connolly 4th Edition
26 8 4. International Financial Reporting
IFRS 13 – Notes, Article (Chartered 2011 and PQ Article October 2014) & Refer class to “Ilustrative Examples “ on Moodle –
Q (c) August 2012 (IFRS 13)– Read with Class Q (c) (ii) April 2015 – Read with Class Q4 August 2013 – P1 CR – IFRS 13 – Work Through With Class Refer class to ACCA P2 Q4 Dec 2012 - Place on Moodle
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
9 Go Through Educator Briefing
27 9 4. International Financial Reporting
IFRS 9 (
Highlight Jan
2012 P1 Examiner
Article and my
IFRS 9 notes
Tutorial Q: Case Studies in Advanced Financial Reporting 6. Howard Retail Group – Issue (5) –IFRS 9
Q1 April 2013 issue 3 (Good Question) – IFRS 9 – Redeemable Pref Shares as an Asset Issue 8 April 2015 – Financial Liability at Amortised Cost
28 9 4. International Financial Reporting
IFRS 7 –
Home Study - Page 525 of Connolly
29 9 4. International Financial Reporting
IAS 32 –
Financial
Instruments:
Presentation
Q1 August 2012 – Issue 4 - IAS 32 – Redeemable Pref Shares as a Liability –
30 9 4. IAS 39: Financial
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
International Financial Reporting
Instruments:
Recognition and
Measurement –
10 MOCK EXAM MOCK EXAM
31 11 4. International Financial Reporting
Statements of Cashflow – Single Company – Highlight Direct Method –Riddle Ltd – Page 349 of My Notes
Q1 April 2012 (SOCF
– Single Company )
32 11 3. Preparation of
Financial
Statements
(including
Consolidated
Financial
Statements)
- Go Through
Sintija
Example with
Class (Page
360 of Notes)
and Go
Through Autis
Group Page
371 of Notes)
–
- Work Through P1 CR Q2 Aug 2014 (Consol) with Class (and read Part B) –
-
33 12 4. International Financial Reporting
IAS 37 Provisions (IAS 37) – Overview the Notes then Past
Q (A) April 2014 - Issue 7 Q1 Aug 2011 – Issue 1
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
Exam Questions – Legal Requirement to Fit Smoke Filters refer group to Page 293 of notes)!!--
& 2 – Good Questions Issue 8 April 2013
34A 12 4. International Financial Reporting
IAS 33 - Basic EPS &– -
Q5 (Aug 2012) P1 CR – BEPS – Refer Class Overview Q3 (7) April 2013 P1 CR –
34B 12 4. International Financial Reporting
IAS 33 - Diluted EPS – Go Through Notes do Diluted EPS and go through Fort Co. Example - Refer class to
Basic EPS & Diluted EPS example - Page 390 of P2 Tutor Manual (Good
Barstead F7 Question – Read Solution to (A) – Page 393 of Tutor Manual -
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
Question)
Friday (Revision)
Go Through April 2015 Paper in Class On Saturday Morning – Continue from Note 7 Educator Briefing & Dec 2012 Martin Kelly Approach to Case Study Article (Already On Moodle!! – – OnePage Sumary Sheets on the Front of the Accounting Std’s/ Index/Numbered Dividers
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
Exam Day Techniques – Handout (It is Already on Moodle)
35 (Saturday Afternoon)
4. International Financial Reporting
IFRS 5 (Continuing & Discontinued Ops)
IFRS 5 – reporting
Financial
Performance -
NEW P1
EXAMINER
ARTICLE
2012/2013 –
Excellent Article
(Use it)
P1 CR – Q4 April 2013 – IFRS 5 –
36 (Saturday Afternoon)
3. Preparation of
Financial
Statements
(including
Consolidated
Financial
Statements)
Groups – Disposal of Subsidary/Associate – Overview the Notes – Then Questions
Westmeath/Longford Example and Page 51 of My Notes - Q1 April 2010 –
Disposal of Associate – note 3
- P1 Example
Red/Green – page
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
51 of my manual
(Saturday Afternoon)
4. International Financial Reporting
Just Go through the Examiner Article (Notes Covered in Topic 5) - IAS 36 - Impairment Article by P2 Examiner
Q1 April 2012 (b) Issue 1 –
(Saturday Afternoon)
4. International Financial Reporting
IAS 18 (Covered in Topic 14) - Revenue Recognition - Go Through
JAN 2014 CPA Article – Already On Moodle (Topic 14)
Also handout only “All Change for Revenue Accounting” and “Revenue from Contracts with Customers” (IFRS 15)
Do Issue D August 2013 – Based on Example 5 of IAS 18 Examiner Article
Q2 Aug 2011 IAS 18 – Q4 Aug 2014 – Current Weaknesses in IAS 18 (Refer to Page 6 of Examiner Feb 2014 IAS 18 Article)
37 (Saturday Afternoon)
2. LOCAL GAAP FRS 100 – 102 – Go Through In Class
- Q C) April 2015
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
- FRS 100 - FRS 101 - FRS 102 Refer as well to Educator Briefing
38 (Sunday)
4. International Financial Reporting –
(Current Issues) Current Issue – Jan 2016 Weblink for New Standard on Leasing (Go Through With Class) –See Article Covered on in Topic 4
(ICAI article Aug
2013 and refer to
the Other Articles) Integrated Reporting Article (Go Through With Class – Mentioned in Educator Briefing for 2015_2016) – PQ – Martin Jones – January 2014;
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
Chartered Article Feb 2014 Social & Environmental Issues, - Sustainability Reporting – Go Through With Class) Corporate Social Responsibility Fair Value (self Study!!)(Already Covered - Refer to Topic 26) IFRS FOR Small & Medium Sized Entities (SELF
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
STUDY!!)–Handout; ACCA Article & March 2012 Robert Kirk Article Conceptual Framework (SELF STUDY) – On Moodle - ACCA Article - Comments on
Exposure Draft from BPP P2 ACR Manual
- 2012 Webinar
on Conceptual Framework by Robert Kirk
- Miscellaneous Technical Statements On Moodle (Under Section 4 ) Practice Statement –
2012 – As covered in Topic 26
Q3 April 2012 – Read Through
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
Management Commentary (SELF STUDY!!) –
39 (Sunday)
4. International Financial Reporting
Refer Class to Ethics Material in Manual See Summary on Page 7 - CPA Code of
Ethics – Check out CPA Website – Typical Exam Q is putting the Accountant in a Company in difficult situation (intimadting boss who wont accept IFRS see Q (d) Aug 2014 – what can the Accountant do? Who can they escalate
- Q (d) Aug 2014 – what can the Accountant do? Who can they escalate the issues with? Whistle Blow??
CPA P2 Advanced Corporate Reporting Teaching Plan Sept to March 2016 (Online)
Colm Foley B.Comm, ACA, Msc. Accounting
the issues with? Whistle Blow??
40 5. Analysis, Interpretation and Evaluation of Financial Statements
- Mention Ratios and the 3 elements to Interpretation: Improve/Disimprove; Reason, Actions to Rectify and Strip out one off Items so as to assess true underlying performance
- Examiner Article - Feb 2016 (Approach to Consolidation!! – Great Article)