Page 217 - Microsoft Word - 00 P1 IW Prelims.docx

Current issues

What is a ‘current issue’?

1.1 Current issues

According to the ACCA, a ‘current issue’ can include:

 recent IFRS Standards

 practice and regulatory issues

 proposed changes to IFRS Standards

 problems with existing IFRS Standards

Current issues will be tested in question four of the P2 exam. This
question is worth 25 marks.

1.2 Studying current issues

Further information about ‘current issues’ can be found in Chapter 18 of the Study
Text.

The P2 Examining Team have frequently emphasised the importance of wider
reading. You should therefore look at recent articles published on the ACCA website:

 http://www.accaglobal.com/uk/en/student/exam-support-resources/professional-
exams-study-resources/p2/technical-articles.html

 http://www.accaglobal.com/gb/en/member/ab/cpd-ab.html

211