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Professional level - Essentials (P1-P3)

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Difference btwn P2 Corp Rep UK & INTERNATIONAL Streams

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zahmed - 19 Feb 2008, 09:05 am
HELP!!!!!!!!

Can anyone please explain to me the major differences between:

P2 Corporate Reporting UK
P2 Corporate Reporting INTERNATIONAL

Earlier in my studies I did Paper 2.5 FR (UK) and from this I understand it might be better for me to do P2 CR UK but the colleges nearest to me only do the INTERNATIONAL Stream. I have also been told that Jun-08 will be the last sitting for the UK Stream and that's why less colleges are teaching it.

Any ideas?

Thanks
alishaACCA - 19 Feb 2008, 12:17 pm
the differences are mainly in the terminology and certain concepts..
for ex in UK stock n INT inventory
the differents standards may also give diiferent approahes.
its better to do INT- bcoz IASB N companies are moving global towards a single set of standards and the gap between the different country versions will be eliminated in the nearv future !!
also better career prospects if u wish to work abroad

alisha
zahmed - 20 Feb 2008, 05:01 am
Thanks for the advice. I think I will do the International Stream. I also received an email from a tutor of this course who also advised that there is not much of a difference and this is why there is hardly any literature on the internet discussing the differences.

P.S Mauritius is a beautiful place- i went to Flic en Flac a few years ago and had an amazing time.
alishaACCA - 20 Feb 2008, 08:15 am
thx for such nice words!!
gud luck for ur exams,,
u're finished with audit n law and financial mgt??
if u have any useful notes plz forward to me ------ soorayah@mail.com