A CIMA credential converts your skills into something employers can measure at a glance. The CIMA Advanced Financial Reporting exam is the conversion step, and the 212 practice questions at ExamTorrent keep your preparation aimed directly at it.
CIMA F2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Integrated Reporting | 10% | - Sustainability and non-financial disclosures - Integrated reporting framework |
| Topic 2: Financing Capital Projects | 15% | - Cost of capital calculations - Sources of long-term finance - Capital structure theories |
| Topic 3: Group Accounts | 35% | - Goodwill and non-controlling interest - Foreign currency consolidation - Consolidated financial statements - Associates and joint ventures |
| Topic 4: Analysing Financial Statements | 15% | - Limitations of financial analysis - Ratio analysis and interpretation - Impact of accounting policies |
| Topic 5: Financial Reporting Standards | 25% | - Revenue recognition (IFRS 15) - IFRS framework and application - Leases (IFRS 16) - Financial instruments (IFRS 9) |
CIMA F2 Exam: The Questions Behind the Questions
CIMA Advanced Financial Reporting is an official CIMA (Chartered Institute of Management Accountants) exam, registered under exam code F2. Passing it grants the CIMA Advanced Diploma in Management Accounting / CGMA Management Level certification, a credential at the Management Level level. It also relates to CIMA Operational Level, CIMA Strategic Level, CGMA Designation, giving it value beyond a single title. Qualifications remain the quickest standardized proof of professional skill, and this one carries the vendor's own authority behind it.
The CIMA Advanced Financial Reporting exam presents 60 questions across 90 minutes. Attention fades over long stretches, which is exactly why exam pacing deserves deliberate practice: short, focused timed sessions in the ExamTorrent test engine teach you to spend your sharpest minutes wisely, flag generously, and never let one question consume the time meant for five.
Official registration for CIMA Advanced Financial Reporting costs Approx. £195 / $250–$295 USD (varies by region), with 100/150 scaled score (~67%) needed to pass. Retakes charge the same Approx. £195 / $250–$295 USD (varies by region) in full, so the financially sound move is confirming readiness before you book. Use the ExamTorrent practice tests across several spaced sessions; a passing score earned once might be luck, but a passing score earned repeatedly is readiness.
Completion of CIMA Certificate in Business Accounting or equivalent; CIMA Operational Level (E1, P1, F1) required
Policies change, so confirm the current requirements before you register through the official exam page.
CIMA Advanced Financial Reporting registration is available through the official channels listed below.
When scheduling, keep in mind the exam is delivered On-demand computer-based test; available at Pearson VUE test centers worldwide or online proctored.
Yes, CIMA (Chartered Institute of Management Accountants) recommends the following training for CIMA Advanced Financial Reporting candidates.
Training supplies the knowledge; deliberate practice supplies the exam skill. The 212 practice questions in the ExamTorrent F2 package handle the second half.
There is. ExamTorrent offers a free PDF demo of the CIMA Advanced Financial Reporting questions so you can assess the material before paying. Once you buy, updates are free for 365 days, and after your product expires you can extend the update service at a 50% discount.
ExamTorrent backs your purchase with a 100% money-back guarantee under stated conditions. If you take the CIMA Advanced Financial Reporting exam within 60 days of purchase and fail, you may claim a full refund, provided the exam corresponds to your product. Attempts taken within 3 days of purchase are ineligible, as are products downloaded but never used, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. Rather exchange than refund? You can receive two other exam products of equal value free and keep the update service on your original purchase.
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CIMA Advanced Financial Reporting is structured into 5 official domains. The leading ones are Integrated Reporting (10%), Analysing Financial Statements (15%), and Group Accounts (35%). The full outline is published above on this page; knowing exactly what the exam tests is the foundation every efficient study plan is built on.
CIMA Advanced Financial Reporting Sample Questions:
You are a Financial Controller at BCD and are in the process of preparing the year-end financial statements. A member of your finance team has come to see you about her provisions balance at year- end.
She says that the Managing Director has asked her to increase the provisions balance by $1 million overall. She thinks this is because BCD has had a very good year in terms of profit, and the Managing Director wants to put some profit aside to protect against any future reductions in profit. $1 million is material to BCD.
You believe that the provisions balance was fairly stated without the additional $1 million.
Which TWO of the following would be appropriate actions in this scenario?
- A. Speak to the Managing Director to explain that the level of provisions is governed by financial reporting standards.
- B. Speak to the shareholders at the upcoming annual general meeting about this issue.
- C. Discuss the matter with the Finance Director as he is your immediate line manager.
- D. Tell the member of your finance team to ignore the Managing Director and to leave the provisions balance as it was.
- E. Contact the external auditors of BCD and tell them that the Managing Director wants to change the provisions balance.
Correct Answer: A,C 🗳️
On 1 January 20X7 GH purchased plant and equipment at a cost of $400,000. The temporary differences in respect of this plant and equipment at 31 December 20X7 and 20X8 have been calculated as follows:
Assume that there are no other temporary differences in the periods and that the corporate income tax rate is 25%. GH is expected to have significant taxable profits in the future.
Which of the following is the correct impact in GH's statement of financial position at 31 December 20X8 in respect of deferred tax?
- A. Increase in the deferred tax asset.
- B. Increase in the deferred tax liability.
- C. Decrease in the deferred tax liability.
- D. Decrease in the deferred tax asset.
Correct Answer: A 🗳️
Company A are approached by a wealthy and internationally famous investor shortly before the launch date of their IPO. He tells them that the company do not need to incur all of the cost and risk of an IPO, as he will give them S55 million for 65% equity in the company.
Which of the following statements are also true of the offer? Select ALL that apply.
- A. The investor will probably want to manage the company
- B. This offer is from an angel investor
- C. The offer may ultimately require the majority stakeholder to sell his shares in the company
- D. The investor will want a long term commitment in the company
Correct Answer: A,B,C 🗳️
CD commenced a construction contract on 1 April 20X9. The contract value was agreed at $100,000. CD had incurred $40,000 costs to date and estimated costs to completion were $50,000. At the year ended
31 December 20X9 this contract was estimated to be 60% complete. CD adopted the provisions of IAS
11 Construction Contracts when preparing its financial statements for the year to 31 December 20X9.
What value should be included in CD's profit for the year ended 31 December 20X9 in respect of this contract?
Give your answer to the nearest whole number.
$ ?
Correct Answer:
6000, 6
A convertible bond with a nominal value of $100 can be redeemed at par in 5 years' time or be converted into 1 new equity share for every $5 of bond held.
The current equity share price is $3.50 and it is anticipated that this will grow at a rate of 7% per year.
What is the value of the conversion option of the bond in 5 years' time?
Give your answer to two decimal places.
$ ?
Correct Answer:
98.18, 98.17, 98.179, 98.178
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