Colm Foley B.Comm, ACA, Msc. Accounting - … & CSOPL (ACCA F7 Dec 2010 Q1) 17 5 3. Preparation of...

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)


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 –


Financial

Reporting

IAS 23 –

Borrowing Costs

Q (A) April 2014:

Note 9 (IAS 23)


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



– Pg 260

Ias 17 Criticisms

– Go Through

ICAI article Aug

2013


Financial

Reporting

IAS 36 –

Impairment of

Assets

Sandown from

Lecture Notes

Example on CGU

from Lecture

Notes – 12

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


Financial

IAS 38 – Intangible Assets

April 2014 – a (ii)

Development



Reporting Inventories – IAS 38 –


Financial

Reporting

– IAS 2 Inventory Work through Issue 6

Aug 2012


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


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 ;


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



themselves


Financial

Reporting

IAS 10 –

Events After

the Reporting

Period

Gabreilla Enterprises Q&A Read Through;

Ryder Q&A (Part a – Good Question )


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)

Homework 4:April 2013 Q (a) Issue 9 –IAS 19 – Excellent Question




Financial

Reporting

IFRS 11 - IFRS

11 - Joint

Arrangements –

Notes then PEQ’s

Q a April 2013


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)


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



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


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 –



19 6 4. International Financial Reporting

IAS 41 – Agriculture

Home Study


IFRS 2 - Share Based Payments

Homework 7: Q2 June 2012 (ACCA P2) – All Parts – IAS 17, IAS 19, IFRS 2, IAS 37 –


IFRS 1 – P1 CR - Q3 (6) April 12 – Write Out Question With Class


IAS 1 - Read Through

“Whats in a Name?” July 2014 article


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




IFRS 8 – Go Through Notes and Article – ARTICLE ON CPA Website! (

P1 CR – Q4 April 2014


IFRS 12 Disclosure of Interests in Other Entities– Refer Students to Textbook Pg 550/551 – Connolly 4th Edition


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



9 Go Through Educator Briefing


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


IFRS 7 –

Home Study - Page 525 of Connolly


IAS 32 –

Financial

Instruments:

Presentation

Q1 August 2012 – Issue 4 - IAS 32 – Redeemable Pref Shares as a Liability –

30 9 4. IAS 39: Financial



International Financial Reporting

Instruments:

Recognition and

Measurement –

10 MOCK EXAM MOCK EXAM


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) –

-


IAS 37 Provisions (IAS 37) – Overview the Notes then Past

Q (A) April 2014 - Issue 7 Q1 Aug 2011 – Issue 1



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 -



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



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 –


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



51 of my manual

(Saturday Afternoon)


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)


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)


2. LOCAL GAAP FRS 100 – 102 – Go Through In Class

- Q C) April 2015



- 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;



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

Social & Environmental Issues - Read Q © April 2013 with class

Q2 April 2011 - CSR

See Q1 (C August



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



Management Commentary (SELF STUDY!!) –

39 (Sunday)


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??



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)

Colm Foley B.Comm, ACA, Msc. Accounting - … & CSOPL (ACCA F7 Dec 2010 Q1) 17 5 3. Preparation of...

Documents

Transcript of Colm Foley B.Comm, ACA, Msc. Accounting - … & CSOPL (ACCA F7 Dec 2010 Q1) 17 5 3. Preparation of...