ACCA – P2 Corporate Reporting CR (INT&UK)

Updates for the material for 2013 sittings

Updated: 27 November 2013

Amendments required to Complete Text (ISBN 978-0-85732-666-9)

Complete

Text Essential

Text Study Notes

Amendment

Page Page Page 70–72 – – Chapter 2 Solution

vertical group 1 The ordering of the steps needs amendment from page 70 1&2, page 71 5&6 and page 72 3&4 to the correct order

403 211 211 Chapter 11 TYU3 The question wording needs to be amended as follows: • If the volume of sales increases by an average of 5 -

10% per year, each eligible employee will receive 100 share options

• If the volume of sales increases by an average of 10 -15% per year, each eligible employee will receive 200 share options

• If the volume of sales increases by an average of 15%+ per year, each eligible employee will receive 300 share options.

406 214 214 Chapter 11 TYU4 – Growler

Part of question content is missing as follows: All of the rights vest on 31 December 20X7 and they can be exercised at any time during 20X8 and 20X9. On 31 December 20X8, half of the eligible employees exercised their SARs in full, with the remaining employees exercising their SARs in full on 31 December 20X9

417 220 220 Chapter 11 TYU4 – Growler part (b)

31/12/20X8 charge to profit or loss should be $171,200 – not $172,000.

433 231 231 Chapter 12 – Chapter Summary

The top box of the chapter summary should be ignored - the issue is covered in Ch 20.

835 437 437 Chapter 24 – TYU4 – Arch (3)

some words added, as follows: "Curve have also entered into a finance lease obligation on 1 July 20X0 for an asset with a useful economic life of six years"

Amendments required to Exam Kit (ISBN 978-0-85732-685-0)

Exam Kit

Amendment

Page (iv) The reference to the location of recent past exam papers at the top of page (iv) should read as follows

June and December 2011, June and December 2012 – Real examination questions

The real June 2011, December 2011, June 2012 and December 2012 exam papers are available on Kaplan EN-gage at: www.EN-gage.co.uk

19 Top of page change $m to CRm 140 In working 4, the calculation (24m × 25%) should be deleted. The share of the associate's profit after tax of

$8m is obtained directly from the question 147 Within (W2) Change share capital figure from 146 to 32

Amendments required to Pocket Notes (ISBN 978-0-85732-702-4) None reported