Gerry Fahy FCCA, CPA, Dip IFRS Paper Specialist: P2

Gerry is currently Head of Finance and Strategy of a major Irish Corporate and is tasked with the responsibility of the controlled growth and diversification into emerging markets. Originally from a banking and finance background Gerry has spent over 20 years working in the Financial Services Sector and brings extensive knowledge and applications to his classes. He has lectured on various ACCA, CIMA, Undgergraduate Degree and Institute of Bankers programmes with DBS since 1997. He is dedicated to providing high quality courses and has developed a reputation for his examination-focused material. 

P2 – Corporate Reporting explained:

To introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.

On successful completion of this paper, candidates should be able to:

• Explain how the organisation is structured, governed and managed by – and on behalf of – its external, connected and internal stakeholders
• Identify and describe the key environmental influences and constraints on how the business operates in general and how these affect the accounting function in particular
• Describe the history, purpose, and position of accounting in the organisation and the roles of other functional areas
• Identify and explain the functions of accounting systems and internal controls in planning, monitoring and reviewing performance and in preventing fraud and business failure
• Recognise the principles of authority and leadership and how teams and individuals behave and are managed, disciplined and motivated in pursuit of wider departmental and organisational aims and objectives
• Recruit and develop effective employees, using appropriate methods and procedures, while developing constructive relationships through effective communication and interpersonal skills