CAP2 FR

CAP2 FR Past Paper Analysis

This analysis provides an overview of the past CAP2 FR exams since the new exam structure came in from 2013.

The importance of covering all the standards on the competency statement should be noted given the wide variety of standards examined at each sitting.

This analysis is available to download in PDF – just click on the image to the left.

Question 1

This screencast covers Summer 2014 Question 1

Key areas include;

  • Approaching Q1 in a logcial manner;
  • Structure of workings and cross referencing to financial statements;
  • Use of template IFRS accounts and disclosure notes; and
  • IAS38, IAS36, IAS18, IAS19, IAS16, IAS12, IAS24.

Question 2 – Group (Vanilla)

This screencast covers Summer 2013 Question 2

Key areas include;

  • Approaching group questions in a logical manner;
  • Preparing the CSOFP, CSPLOCI & CSOCE; and
  • Subsidiary (Prior year acq.) + Associate (Mid year acq.).

Question 2 – Group (SOCF)

This screencast covers Summer 2015 Question 2

Key areas include;

  • Approaching CSOCF in a logical manner;
  • Use of T accounts for SOCF; and
  • Mid year acquisition of subsidiary.

 

 

 

 

 

 

 

This document provides a summary overview the key issues involved in preparing a CSOCF as well as examples of past exam questions to focus on.

The document is available to download in PDF – just click on the image to the left.

 

Question 2 – Group (FX)

This screencast covers Summer 2016 Question 2

Key areas include;

  • Approaching group FX questions in a logical manner; and
  • Dealing with an FX sub as per IAS21.

 

 

 

 

 

 

 

This document provides a summary overview the key issues involved in dealing with a foreign subsidiary (IAS 21) as well as examples of past exam questions to focus on.

The document is available to download in PDF – just click on the image to the left.

Question 2 – Group (Disposal)

This is a suggested solution for Autumn 2015 Question 2

Key areas include;

  • Approaching group questions in a logical manner;
  • Full disposal of a subsidiary;
  • Preparing the CSOFP, CSPLOCI & CSOCE;and
  • Acquisition of associate – IAS28.

 

 

 

 

 

 

 

This document provides a summary overview the key issues in dealing with the disposal of a subsidiary as well as examples of past exam questions to focus on.

The document is available to download in PDF – just click on the image to the left.

 

Issue Questions – Q3&4

This screencast covers Autumn 2013 Question 3

Key areas include;

  • Impairment of a CGU – IAS36;
  • Defined benefit pension scheme – IAS19;
  • Defined contribution pension scheme – IAS19; and
  • Journal Entries.

 

This screencast covers Summer 2016 Question 3

Key areas include;

  • Deferred Tax – IAS12;
  • Events after the reporting period – IAS10;and
  • Earnings per share – IAS33.