ACCA Paper P2 – Corporate Reporting (International)
Paper P2 in a Day
24 hours of questions

This list of questions enables you to review key skills and syllabus areas in preparation for your rehearsal phase
– attempting a Mock exam or attending a Question Day – and ultimately your Paper P2 exam.

You may have already completed some of these questions during your course but they are worthy of being
revisited due to the knowledge covered or skills tested. Other questions may either have been set for homework
or are new to you. To be fully prepared we advise you to plan to cover the complete list of questions but in
recognising that time may be limited the questions are prioritised into “must do”, “should do” and “could do”
categories each of 8 hours.

The time allowed is not the time to complete the questions (that's 1.8 minutes per mark) - it includes time for you
to attempt the question and thoroughly review the solution. There is a checklist to review your progress.

Qn No. Name of
Purpose of question/area examined Time

“Must Do” – first 8 hours of question practice
40 Ejoy Review this class consolidation question in the context of
discontinued operations
15 mins
45 Ashanti Review this class consolidated SPLOCI question in the context
of disposals and complex groups as a SPLOCI has not been
examined for a while
20 mins
44(a)(b) Grange Covers acquisitions and disposals in the context of a statement
of financial position.
90 mins
52(a) Warrburt Consolidated statement of cash flows – good chance to
rehearse a methodical technique.
70 mins
Mock 2
Beth Covers environmental, social and issues which are key to this
30 mins
8 Scramble Review this question on specialised industries. Good illustration
of how the examiner designs these questions, combining
issues from various parts of the syllabus.
30 mins
10 Macaljoy Review this key classroom question on defined benefit pension
20 mins
20 Aron Work through this key question on financial instruments 55 mins

Important questions covering different topics which can be
examined on share-based payment
50 mins
13 Cohort Good practice on the challenging topic of deferred tax – also
helps technique in a common style of requirement.
50 mins
60 Jones and
Good practice on the style of discussion question that comes
up as question 4. The management commentary practice
statement is new so is still a current issue.
50 mins

“Should do” – next 8 hours of question practice
44(b) Ribby Work through this key question on foreign subsidiaries 90 mins
43(a) Bravado Review this key question covering business combinations
achieved in stages.
60 mins
28 Engina Good practice in identifying related parties and related party
transactions – also a chance to try out your report-writing
60 mins
56 Ghorse Excellent question looking at the effect of various accounting
treatments on ROCE
60 mins
5 Key Useful practice of narrative and computational aspects of
impairments, a topic that is tested very frequently by the
60 mins
55(a) &
Carpart Tricky, but good question covering various standards,
especially revenue recognition
35 mins
41(b) Traveler Analysis question on segment reporting 25 mins
Mock 3
Jayach Fair value calculations 30 mins
1 Conceptual
Review/complete these discussion questions on a topical area 60 mins
30 Holcombe (Leases)
17 Complexity (Financial instruments)
“Could do” – last 8 hours of question practice
3 Venue Read the answer to this discussion question on revenue
20 mins
2 Accounting
standards &
Discussion question in the context of IFRSs – bullet point an
40 mins
Mock 1
Handrew Challenging question in the context of assets and their effect on
60 mins
7 Johan Scenario question covering various issues 60 mins
Mock 3
All questions These questions came up in last time's exam, but take time to
review them for technical points and to identify the examiner's
latest style.
1 hr
Exam 2
All questions Test time management and exam technique 4 hrs
Total hours = 24

Online debrief or approach sheet document available

What to expect on your Question Day

A Question Day is very different to a revision course. It is the final step in ensuring you are as prepared as
possible for exam success.
The objectives are two-fold: -
 To experience real exam conditions and truly test how well prepared you are
 To pinpoint specific improvement areas through 1:1 feedback from your tutor/marker
During the day you will: -
 Be reminded of the key exam skills you need to pass your exam.
 Attempt a full mock exam without a ‘helping hand’ from your tutor - so you experience the real pressures
you’ll face in the real exam.
 Get a true understanding of how good you are at time management and what you need to do differently
on exam day.
 Receive a mark per question/in total along with specific feedback on practical steps you can take to
improve your performance.
 Be taken through a full debrief of the exam, where you will be shown where the easy marks were, pitfalls
to avoid, how to interpret the requirements, and how best to plan and layout your answers.
 Have the opportunity to discuss your script on a 1:1 basis with your tutor/marker
You should come to your Question Day as if it were the real exam. At this late stage in your studies your aim
must be to fine tune your exam technique and how you apply your knowledge – so come to your Question Day
as prepared as possible. This is the best way to ensure success in the real exam.