CIMA Advanced Financial Reporting : F2

  • Exam Code: F2
  • Exam Name: Advanced Financial Reporting
  • Updated: Oct 24, 2026     Q & A: 212 Questions and Answers

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About CIMA F2 Exam

Accuracy is a daily job at PracticeTorrent: our colleagues constantly check the CIMA Advanced Financial Reporting set for updates, keeping 212 practice questions aligned with the live exam in 2026.

CIMA F2 Exam Overview:

Certification Vendor:CIMA (Chartered Institute of Management Accountants)
Exam Name:Advanced Financial Reporting
Exam Number:F2
Available Languages:English
Real Exam Qty:60 (objective test, multiple choice)
Exam Duration:90 minutes
Exam Price:Varies by region (approximately GBP 120–180)
Related Certifications:CIMA E2 Enterprise Management
CIMA Management Level
CIMA P2 Advanced Management Accounting
Passing Score:100/150 (scaled score)
Certificate Validity Period:No fixed expiry for individual exam pass; counts toward full CIMA qualification progression
Exam Format:Multiple Choice Questions, Computer-Based Exam, Objective Test (OT)
Recommended Training:Kaplan CIMA Courses
CGMA Official Learning Resources
BPP CIMA Training
Exam Registration:CIMA Exam Booking
CIMA Official Qualification Information
Sample Questions:Free Download F2 exam dumps pdf
Exam Way:Computer-based exam delivered via Pearson VUE test centers and online proctoring where available
Pre Condition:No strict prerequisite; typically taken within CIMA Management Level (E2, P2, F2) progression after or alongside Operational Level
Official Syllabus URL:https://www.cimaglobal.com/Qualifications/CIMA-Professional-Qualification/

CIMA F2 Exam Syllabus Topics:

SectionObjectives
Specialised Financial Reporting Topics- Changes in accounting policies and estimates
- Events after reporting period
- Financial instruments
Financial Reporting Framework- Conceptual framework of financial reporting
- Regulatory environment and standards (IFRS overview)
Group Financial Statements- Business combinations
- Associates and joint arrangements
- Consolidated financial statements
Financial Statements- Statement of cash flows
- Preparation and presentation of financial statements
Interpretation of Financial Statements- Financial ratio analysis
- Performance evaluation

CIMA Advanced Financial Reporting Exam FAQ — What Matters

Registration runs through the vendor's official channels:

The CIMA Advanced Financial Reporting is delivered Computer-based exam delivered via Pearson VUE test centers and online proctoring where available — choose the arrangement that suits you when booking.

Delivery is instant — payment triggers an automatic email within a minute, with unlimited installations and 24/7 assistance if nothing arrives within 2 hours (check spam). Updates arrive the same way: for 365 days, each new version is sent to your mailbox immediately upon release. And if you fail the corresponding F2 exam within 60 days of purchase, we refund in full: submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam, processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. You can also exchange for two equal-value products free.

Varies by region (approximately GBP 120–180) per attempt, 100/150 (scaled score) to pass. Retakes bill the full fee again — which is why accurate preparation with the 212 practice questions from PracticeTorrent is the economical route.

Yes — a free CIMA Advanced Financial Reporting demo is available to download before you decide. Evaluate the questions and answers yourself; every purchase then includes 365 days of free updates, renewable at 50% off afterward.

90 minutes for 60 (objective test, multiple choice) questions. Practice seriously with the clock running — timed sessions in the PracticeTorrent engine turn time pressure into routine before test day.

Yes:

Official courses consolidate theory; the 212 practice questions for the CIMA Advanced Financial Reporting consolidate exam readiness. Use both.

The CIMA Advanced Financial Reporting is CIMA's certification exam for CGMA Professional Qualification (CIMA Qualification) - Management Level, at the Professional level. For IT workers with aspirations, it's essential proof of capability — the line that starts or advances a career. Related credentials include CIMA Management Level, CIMA E2 Enterprise Management, CIMA P2 Advanced Management Accounting.

The CIMA Advanced Financial Reporting blueprint spans 5 domains — including Financial Statements, Interpretation of Financial Statements, Specialised Financial Reporting Topics. Allocate study time by weighting, and consult the full outline above for every subtopic.

No strict prerequisite; typically taken within CIMA Management Level (E2, P2, F2) progression after or alongside Operational Level Vendors revise eligibility rules periodically, so confirm the current requirements on the official page (official F2 exam page) before registering.

CIMA Advanced Financial Reporting Sample Questions:

Question #1

EF have just paid a dividend of 20 cents a share and the current share price is $3.75. EF regularly reinvests 40% of its profit for the year and generates a return on reinvested funds of 12%.
The cost of equity for EF using the dividend valuation model is:

  • A. 10.4%
  • B. 12.9%
  • C. 13.2%
  • D. 10.7%
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

A group presents its financial statements in A$.
The goodwill of its only foreign subsidiary was measured at B$100,000 at acquisition. There have been no impairments to this goodwill.
Exchange rates (where A$/B$ is the number of B$'s to each A$) are as follows:

The value of goodwill to be included in the group's statement of financial position in respect of its foreign subsidiary for the year ended 31 December 20X4 is:

  • A. A$66,667.
  • B. A$75,758.
  • C. A$150,000.
  • D. A$132,000.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

Ratios have been produced below for EF for the year to 31 March:

Which TWO of the following could explain the movement in both gearing and ROCE?

  • A. A rights issue on 31 March 20X3.
  • B. A bank loan to purchase new machinery on 31 March 20X3.
  • C. A debt issue on 31 March 20X3.
  • D. A bonus issue of shares on 1 April 20X2.
  • E. A revaluation upwards on the head office property on 1 April 20X2.
Reveal Solution  Discussion  0

Correct Answer: A,E  🗳️

Question #4

ST granted 1,000 share appreciation rights (SARs) to its 100 employees on 1 December 20X7. To be eligible, employees must remain employed for 3 years from the grant date. In the year to 30 November
20X8, 10 staff left and a further 20 were expected to leave over the following two years. The fair value of each SAR was $12 at 1 December 20X7 and $15 at 30 November 20X8.
What is the accounting entry to record this transaction for the year to 30 November 20X8?

  • A. Dr Staff costs $280,000, Cr Non-current liabilities $280,000
  • B. Dr Staff costs $350,000, Cr Equity $350,000
  • C. Dr Staff costs $280,000, Cr Equity $280,000
  • D. Dr Staff costs $350,000, Cr Non-current liabilities $350,000
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #5

F has profit before interest and tax of $400,000 for the year to 30 June 20X4.
Extracts from F's statement of financial position at 30 June 20X4 are as follows:

Calculate the gearing (debt:equity) ratio at 30 June 20X4.
Give your answer to the nearest whole percentage.
? %

Reveal Solution  Discussion  0

Correct Answer:

86

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