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Tips for March 2017 ACCA P2 Exam by Tom Clendon

P2 MARCH 2017

Q1 should either be the examiner's favourite a group statement of financial position, and if so expect control to control transactions. Alternatively it could be group cash flow (the statement of comprehensive income came up last time so do not get caught out by putting all your eggs in the group statement of financial position). Each paragraph in the p2 exam group statement of financial position questions should be capable of being addressed in isolation. Always clearly reference your workings. Read the examiners reports. Ethics of course will always be there so please have a go and by that I mean apply the ethical principles not just write them out cold. See my article.

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