Every candidate studies differently, so Actual4Exams offers the CIMA Advanced Financial Reporting practice questions in three formats: a printable PDF, a desktop test engine for Windows, and an online test engine that runs in any browser. Pick the format that fits your routine for the F2 exam — or use all three together.
CIMA F2 Exam Overview:
| Certification Vendor: | Chartered Institute of Management Accountants (CIMA) |
|---|---|
| Exam Name: | Advanced Financial Reporting |
| Exam Number: | F2 |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Real Exam Qty: | 60 |
| Related Certifications: | CIMA Advanced Diploma in Management Accounting CIMA CGMA Professional Qualification |
| Exam Price: | Varies by region/centre (bookable via CIMA/Pearson VUE) |
| Certificate Validity Period: | N/A |
| Exam Format: | Computer-based Objective Test (multiple choice, multiple response, fill-in, drag-and-drop) |
| Passing Score: | 100 out of 150 (scaled ~67%) |
| Sample Questions: |  |
| Exam Way: | Computer-based Objective Test via Pearson VUE centres worldwide or online |
| Pre Condition: | Completion of CIMA Operational Level (E1, P1, F1 and Operational Case Study) or equivalent exemption |
| Official Syllabus URL: | https://www.aicpa-cima.com/resources/landing/management-level |
CIMA F2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial reporting standards | 25% | |
| Analysing financial statements | 25% | |
| Financing capital projects | 15% | |
| Group accounts | 25% | |
| Integrated reporting and sustainability reporting | 10% |
F2 Exam FAQ: What Candidates Ask About CIMA Advanced Financial Reporting
The F2 exam, officially known as CIMA Advanced Financial Reporting, is the CIMA test that leads to the CIMA Management certification at the Management Level Objective Test level. Passing it validates the skills employers expect from a certified professional. It is also associated with related credentials such as CIMA CGMA Professional Qualification, CIMA Advanced Diploma in Management Accounting.
The F2 exam contains 60 questions, and you have 90 minutes to complete them. Work out your per-question pace before test day, and flag slow items instead of stalling on them — time pressure, not knowledge, sinks many first attempts. Timed mock exams in the Actual4Exams test engines are the most reliable way to build that rhythm.
The passing score for the F2 exam is 100 out of 150 (scaled ~67%), and the official registration fee is Varies by region/centre (bookable via CIMA/Pearson VUE). If you miss the mark, a retake means paying the full fee again, so book your seat only when you are ready. A practical benchmark: score consistently above the passing line on timed practice tests before scheduling the real exam.
Completion of CIMA Operational Level (E1, P1, F1 and Operational Case Study) or equivalent exemption
Entry requirements can change, so confirm the latest conditions on the official exam page: https://www.aicpa-cima.com/resources/landing/management-level.
Yes. A free PDF demo of the CIMA Advanced Financial Reporting questions is available, so you can check the question style and answer quality before you pay. Every purchase also includes 365 days of free updates, and if the product expires you can renew the update service at a 50% discount from your member zone.
If you take the corresponding F2 exam within 60 days of purchase and do not pass, you can apply for a full refund under the 100% Money Back Guarantee: submit a scan of your enrollment slip and your official Score Report (PDF) within 2 days of the exam date, and the claim is processed within 7 days. Attempts made within 3 days of purchase, downloads without an actual exam attempt, free materials, and expired orders are not eligible, and the candidate name must match the payer name. Prefer new material instead of a refund? You can exchange your purchase for two free products of equal value and keep the update service on your original product. As for delivery, the files are available for instant download and are also emailed to you within one minute of payment — if nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you can install the product on.
The official CIMA Advanced Financial Reporting outline is organized into 5 domains. The first three are:
- Analysing financial statements — 25% of the exam
- Integrated reporting and sustainability reporting — 10% of the exam
- Group accounts — 25% of the exam
See the complete exam topics section above for the full outline and the weighting of every domain.
CIMA Advanced Financial Reporting Sample Questions:
Question 1
XY puchased 2% of the equity shares of FG on 1 October 20X3.
XY paid $25,000 for the shares as well as a transaction cost of 2.5% of the purchase price.
The shares are being held for short term trading and XY intend to sell them in December 20X3.
At the year end of 31 October 20X3, the shares in FG could be sold for $28,000.
What is the journal entry to record the subsequent measurement for this investment at 31 October
20X3?
A. Debit investment in equity shares $3,000 and credit profit or loss $3,000.
B. Debit investment in equity shares $3,000 and credit other reserves $3,000.
C. Debit investment in equity shares $2,375 and credit other reserves $2,375.
D. Debit investment in equity shares $2,375 and credit profit or loss $2,375.
Question 2
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 shareholders at the upcoming annual general meeting about this issue.
B. Tell the member of your finance team to ignore the Managing Director and to leave the provisions balance as it was.
C. Speak to the Managing Director to explain that the level of provisions is governed by financial reporting standards.
D. Discuss the matter with the Finance Director as he is your immediate line manager.
E. Contact the external auditors of BCD and tell them that the Managing Director wants to change the provisions balance.
Question 3
Which TWO of the following would be the primary disadvantages of producing the disclosures required in IFRS12 Disclosure of Interests in Other Entities?
A. The users of the financial statements may feel overburdened with information.
B. The disclosures take time and therefore incur costs which erodes shareholder value.
C. The disclosures will highlight the risks associated with interests in other entities.
D. The auditors will have to audit these disclosures.
E. The disclosures will give competitors commercially sensitive information.
Question 4
Which of the following defines the calculation of interest cover?
A. Finance costs divided by profit after tax
B. Finance costs divided by profit before interest and tax
C. Profit before interest and tax divided by finance costs
D. Profit after tax divided by finance costs
Question 5
LM is a car dealer that is supplied inventory by car manufacturer SQ. Trading between LM and SQ is subject to a contractual agreement. This agreement states the following:
* Legal title of the cars remains with SQ until they are sold by LM to a third party.
* Upon notification of sale to a third party by LM, SQ raises an invoice at the price agreed at the original date of delivery to LM.
* LM has the right to return any car at any time without incurring a penalty.
* LM is responsible for insuring all of the cars on its property.
When considering how these cars should be accounted for, which THREE of the following statements are true?
A. The most significant risks attached to the cars are held by SQ.
B. When LM sells a car to a third party, SQ should recognise the revenue associated with that sale.
C. SQ should recognise the cars as inventory in their financial statements.
D. The most significant risks attached to the cars are held by LM.
E. LM should recognise the cars as inventory in their financial statements.
F. SQ should recognise revenue when the cars are delivered to LM.
Solutions:
| Question 1 Answer: A | Question 2 Answer: C,D | Question 3 Answer: A,B | Question 4 Answer: C | Question 5 Answer: A,B,C |
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