F2: Advanced Financial Reporting
323 questionsF2 covers advanced financial reporting topics including group accounts (consolidation), financial reporting standards in depth, analysing and interpreting financial statements, financing capital projects, and integrated reporting. This is the Financial pillar subject at Management level, examined through a 90-minute objective test.
Topics
- Group Accounts
- Financial Reporting Standards
- Analysing Financial Statements
- Financing Capital Projects
- Integrated Reporting
Frequently Asked Questions
What topics are covered in CIMA F2?
F2 covers five areas: group accounts (subsidiaries, associates, joint ventures), financial reporting standards (IFRS), analysing financial statements, financing capital projects (sources of finance, cost of capital), and integrated reporting.
How is the F2 exam structured?
F2 is a 90-minute computer-based objective test containing 60 questions. Question types include multiple choice, multiple response, drag and drop, and number entry. It is available on demand at Pearson VUE test centres.
What is the pass mark for F2?
You need to score at least 70% to pass the F2 objective test. Results are available immediately after completing the exam.
Is group accounting difficult in F2?
Group accounts (consolidation) is considered one of the most challenging areas. You need to understand how to prepare consolidated statements of financial position and income, deal with goodwill, NCI (non-controlling interests), and intra-group transactions. Regular practice is essential.