CAP2 FR – Interim Assessment

CAP2 FR IA Past Paper Analysis

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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.

IFRS at a Glance

BDO provide a very useful resource called IFRS at a glance. It contains a summary overview (typically 1 or 2 pages) of each IAS/IFRS and can be a very useful study resource when you are studying the relevant standards.

BDO – IFRS at a Glance

Financial Statements Preparation (Q1)

This screencast covers January 2018 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).

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 2019 Q2

Key areas include;

  • Goodwill calculation;
  • Intra group trading adjustments – unrealised profit; and
  • Consolidated SOFP

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 2019 Question 3

Key areas include;

  • IAS 10 – Events after the reporting period; and
  • Journal entries.

This screencast covers September 2018 Question 3

Key areas include;

  • Trade Receivables;
  • Bad debts and bad debts provisions; and
  • Journal entries.

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