CAP2 FR IA Past Paper Analysis
This analysis provides an overview of the topics examined in FR IA in recent years.
The importance of CAP1 Financial Accounting topics (e.g. bad debts, bank recs, suspense accounts) should be noted as well as the examination of several IAS/IFRSs (either in Q1 or as a standalone question).
This analysis is available to download in PDF – just click on the image to the left.
Financial Statements Preparation (Q1)
This screencast covers May 2015 Question 1
Key areas include;
- Statement of Profit & Loss & Other Comprehensive Income (SPLOCI);
- Statement of Financial Position (SOFP); and
- Statement of Changes in Equity (SOCE).
Consolidations
This screencast covers September 2017 Q2
Key areas include;
- Columnar approach to consolidation;
- Goodwill;
- Intra group trading adjustments – unrealised profit & cash in transit; and
- Consolidated SOFP
This screencast covers September 2016 Q2
Key areas include;
- Columnar approach to consolidation;
- Goodwill;
- Intra group trading adjustments – unrealised profit & intra group balances;
- Group Revaluation Reserve; and
- Consolidated SOFP
Journals + Standards
This screencast covers January 2017 Question 3
Key areas include;
- Bank Reconciliations; and
- Journal entries.
This screencast covers May 2016 Question 2
Key areas include;
- IAS 7 Statement of Cashflows; and
- Journal Entries.
This screencast covers January 2016 Question 2
Key areas include;
- Journal Entries;
- Correcting errors; and
- Supsense account
This screencast covers January 2015 Question 2
Key areas include;
- IAS 17;
- Finance & Operating Leases; and
- Journal entries.