Study Materials

P2 is a very challenging paper which builds on the knowledge and skills acquired at earlier levels in the preparation and analysis of financial reports for single entities and groups. It takes these areas to a higher level, putting into context the role of the accountant as a professional steward and adviser, who is responsible to the stakeholders of an organisation.

It has five main sections:

  1. Regulatory and ethical framework and current issues
  2. Reporting the financial performance of entities
  3. Group financial statements
  4. Specialised entities
  5. Analysis of the financial performance of entities

The main new topics introduced at this level relate to group accounts, but other topics are tested with a different emphasis and in more depth than at the Fundamentals Level.

We provide material for both International and UK streams. International is now the ACCA main stream. 


Study Text

Price: £30
Suitable for: Dec 2008 exams
ISBN: 978 07517 47348

The study text has been reviewed by the examiner and takes account of his advice on approaching the paper. Ethics, which have an impact on all aspects of financial reporting, are introduced at an early stage in the text, as is corporate social responsibility, so that students do not neglect these topics when covering the numerical areas. Accounting standards come next, combining revision with extension into more advanced areas. After a brief revision of basic groups, the more advanced consolidation topics are covered. Current issues are covered throughout the text within the appropriate topics, and also summarised in a final chapter. The question bank contains practice at the case study-style question you will encounter in the real exam.

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View a sample chapter

Practice and Revision Kit

Price: £16
Suitable for: Dec 2008 exams
ISBN: 978 07517 46907

Question practice is essential for all papers, but for P2, there is a strong "fear factor". Questions look intimidating, and it is only once you get into the detail that you realise that there are easy marks and more complicated parts that are not essential to get a pass. Our practice and revision kit follows the order of the text and there are a large number of questions on all syllabus topics. Our kit gives ample opportunity to practice the long, 50 mark case studies, which will be the compulsory Section A question in the exam. Three mock exams, including the Pilot Paper, also reflect this format. As a gentle introduction to many of the topics, there are preparation questions giving instructions in basic techniques. Most questions have marking schemes, so that you can see that the examiner awards marks for these techniques.

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View a sample chapter

Passcards

Price: £10
Suitable for: Dec 2008 exams
ISBN: 978 07517 46686

The size of the P2 syllabus, covered comprehensively in our Study Text, can be daunting. This is where BPP Learning Media's P2 passcards come in. These handy, pocket-sized cards cover all the important areas. As well as being a useful revision tool, just looking through them tells you the most important things you need to know. As you get nearer the exam, the passcards and the kit will be the products that you use most. You can reassure yourself that you know all the step-by-step procedures in, for example, complex group accounts. You will also see summarised, diagrammatically and often with mnemonics, the main points you would need to make in general essay questions, for example on ethics. Cards and topics are self-contained, making revision easier on the eye - and the brain.

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View a sample chapter

i-Learn

Price: £40
Suitable for: Dec 2008 exams
ISBN: 978 07517 47560

A change is as good as a rest. If you find yourself getting bogged down in the detail and complexity of the P2 syllabus, switching to an interactive format is an ideal solution. BPP Learning Media's i-Learn gives you this refreshing change of format, motivating you to concentrate. i-Learn covers the main P2 syllabus topics, but at each stage, in order to progress through the package, you are doing interactive exercises. Some of these take the form of objective tests, but a wider variety of interactions is available than most quiz formats will have.

i-Pass

Price: £30
Suitable for: Dec 2008 exams
ISBN: 978 07517 47126

The i-Pass CD for P2 has a set of questions for each major area of the syllabus. These questions give you practice on those techniques that are regularly tested in the exam and where you will earn the bulk of the marks. The objective testing format makes a pleasant change from the written and calculation questions you will be practising from the kit, and it stops you getting stale. As well as calculations, many of the questions test recall, which will build up your confidence. Others require you to apply principles to a given problem, as will happen in the exam. Continually reinforcing learning through a variety of formats is the best way to get to grips with this demanding syllabus.

Success CD

Price: £15
Suitable for: Dec 2008 exams
ISBN: 978 07517 47782

Our Success CD is a very user-friendly way to revise. We discuss the most important topics and also give guidance and reassurance about what not to worry about. Topics are covered in a similar order to the text, but the CD is more concerned with essential points than points of detail. We still explain step-by-step techniques, however, as it may be easier to take information by listening. The big advantage of the success CD is that you can revise on the move and get away from your books for a while without feeling that you are wasting time. With P2, you may wish to do this when you're tackling long questions and you need to refresh your memory on key points before starting. The P2 success CD also gives a lot of advice on the examiner's favourite topics and the approach he is likely to take.