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Study Plan for Paper P2

+7 Votes
Study Plan for Paper P2

Hi,

Can any SUCCESSFUL P2 candidate tell me what is the best way to start studying for P2 Int?
It has been awhile since I did F7 and know my knowledge is hazy.

Is it best to read the BPP study text first? (Is it worth reading it all , I know it's quite large)

Or start going through the online lectures first to grasp the material involved? (I have purchased the BPP online distance learning package) and then read the study text?

And then start practicing questions beginning April and work through them for April and May, combined with the technical articles?

Not sure what the best approach is so I can utilize my time and working full-time.

Thanks!

February 26th 2015 AN ACCA USER 1,370 Points

21 Replies

+9 Votes

I passed P2 in the last sitting by studying through BPP Online distance learning live sessions in the first sitting. So I would recommend that don't start by reading the study text. Watch the video lectures first. Practice the examples in the course notes until you learn the technique. Once you are totally comfortable with the workings only then open the study text and read through it while practicing those questions in the study text. The course notes are enough but the study text will help you better understand the syllabus areas once you know the basics in the course notes.

As far as F7 knowledge is concerned, it is briefly discussed in P2 course notes but if you feel you don't remember it much, look out for the ASSUMED KNOWLEDGE area in your learning platform account. You'll find all the videos required to know about F7 stuff that can be of use for P2.

Question practice is essential but this is a higher level exam which is more about application, analysis, and evaluation so you'll have to write a lot of stuff and discuss things. You'll have to use professional judgment in the exam. Don't let all of your focus go on to numbers. Focus on discussion bits as well because only number won't help you pass. Whenever you attempt a question don't just do the calculations and write analysis in bullet points just to jot down your ideas. Attempt a question as if you were writing the exam itself. Only then you can benefit from the question practice.

It is completely fine to start revision/question practice in April/May. Read the technical articles, review examiner's comments/feedback on previous exams and practice the workings a lot because you don't want to end up forgetting the basic structure of how to attempt a question.

Good Luck.

March 3rd 2015 AN ACCA USER 5,330 Points
+3 Votes

Best to learn all techniques , e.g net assets movements , goodwill in consolidation and go through all standards , practise with bbp kit and old exams , while you sit in exam most important to manage time well start to do all key calculation in reading time on question papers copy all it on answer sheet as exam writing time started , it would save time and better to leave consolidated at point where u think u had done all major answers e.d net assets movement , goodwill , and move to other questions try to attempt all questions .

March 5th 2015 AN ACCA USER 630 Points
+1 Vote

Hi,,

I am in the same position as you. I am based in Sydney. Can we get together and share ideas.

I am planning to sit P2 INT in June 2015

February 27th 2015 AN ACCA USER 660 Points
0 Votes
After reading every chapter...look for past questions under that chapter and try your understanding
February 27th 2015 AN ACCA USER 470 Points
0 Votes
I need to join you guys i think i'm in the same situation.I am based in zambia
March 1st 2015 AN ACCA USER 380 Points
0 Votes
Thank You very much for this very structured reply. I have done the Assumed Knowledge section and am listening to the online lectures and progressing through the examples in the course notes. I am a tad behind in terms of the suggested progress dates by BPP, only because of time constraints and I also want to understand before I move on. Should I worry if I am a tab behind? (I am aware of the submission dates for the BPP marked assessments aswell so aim to be caught up by then). As for the technical articles, when did you start reading those? I don't think I have time right now but do intend on reading them - maybe a month before the paper around May or should I be reading them once I cover a topic and there is an article associated to that topic? Thanks again, Ciara
March 11th 2015 AN ACCA USER 1,370 Points
0 Votes
Sure, have you started yet? I have started and am on Non Current Assets. I have covered Conceptual Framework and Prof/Ethical duty of Accountant. Once I am done with N-C Assets, I will move to Employee Benefits, Just getting a feel for it first and attempting lecture example questions from BPP. Once I have those 4 done, I will go to the Revision Kit and attempt the questions associated to those topics, I think its worth doing questions as you go along as apposed to passively reading. The 'learning by doing' approach. I am getting ready for this little devil :-)
March 11th 2015 AN ACCA USER 1,370 Points
0 Votes
Thank you for this suggestion. It really has helped me
March 13th 2015 AN ACCA USER 160 Points
0 Votes

Hey guys i m going to sit p2 this june. Please help me .i need a study buddy. Share your strategies. And for those who have passed p2 please share the online videos if you have. Thank you.

March 16th 2015 AN ACCA USER 2,790 Points
0 Votes
Muhammad, what materials do you have to work with first of all?
March 16th 2015 AN ACCA USER 1,370 Points
0 Votes
I have just completed Employee Benefits, It is a really involved and technical topic in my opinion. It is highly examinable aswell. It could come up as one full question. I have the bones of it now and practiced some questions but I 100% need to re-visit it again perhaps in a week or so and try another question. I think its a topic that should be revisited at least every week even for an hour. And try a question.
March 16th 2015 AN ACCA USER 1,370 Points
0 Votes
I have recent bpp study text and kit along with opentuition notes for reference. And emily woolf study text 2013.
March 16th 2015 AN ACCA USER 2,790 Points
0 Votes
Because you have BPP, you should read the comments above in this stream. There is really great advice from Huma aswell,
March 16th 2015 AN ACCA USER 1,370 Points
0 Votes
Yes difinitely. I read all of the above Comments. I thought if you guys plan to have a group study i could join and learn.anyways thankyou for your help. ;)
March 16th 2015 AN ACCA USER 2,790 Points
0 Votes
We could have a group study, not sure how that would work, but I am sharing my thoughts here as I go along and would welcome any other suggestions and advice :-)
March 16th 2015 AN ACCA USER 1,370 Points
0 Votes
Thanks a lot :)
March 16th 2015 AN ACCA USER 2,790 Points
0 Votes
Hey guys, I am in the same position with P2 Int and will be siting it in June 15. The tips above have been really useful. If there is a study group I would like to join too ;))


Hi sorry for not coming back earlier I am up for the study group...not sure how and where this will take place. This is my first attempt
March 16th 2015 AN ACCA USER 260 Points
Edited April 26th 2015 AN ACCA USER
0 Votes
Asma are u up for group study ? Is this your first attempt??
March 16th 2015 AN ACCA USER 2,790 Points
0 Votes
How are Ye all getting on so far?
April 30th 2015 AN ACCA USER 1,370 Points
0 Votes

Ciara give ur whatsapp. And join our group for better insight

April 30th 2015 AN ACCA USER 2,790 Points
0 Votes

give you whatsapp to join the group

April 30th 2015 AN ACCA USER 2,790 Points
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