Demand for CIMA-certified professionals keeps outpacing supply, and the CIMA Advanced Financial Reporting exam is the doorway in. Actual4Exams stocks 212 practice questions built specifically for F2, so your preparation targets the credential employers are actually paying for.
CIMA F2 Exam Overview:
| Certification Vendor: | Chartered Institute of Management Accountants (CIMA) |
|---|---|
| Exam Name: | Advanced Financial Reporting |
| Exam Number: | F2 |
| Available Languages: | English |
| Exam Format: | Computer-based Objective Test (multiple choice, multiple response, fill-in, drag-and-drop) |
| Exam Price: | Varies by region/centre (bookable via CIMA/Pearson VUE) |
| Certificate Validity Period: | N/A |
| Exam Duration: | 90 minutes |
| Passing Score: | 100 out of 150 (scaled ~67%) |
| Real Exam Qty: | 60 |
| Related Certifications: | CIMA CGMA Professional Qualification CIMA Advanced Diploma in Management Accounting |
| 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 |
|---|---|---|
| Integrated reporting and sustainability reporting | 10% | |
| Financial reporting standards | 25% | |
| Financing capital projects | 15% | |
| Analysing financial statements | 25% | |
| Group accounts | 25% |
FAQ: Preparing for CIMA Advanced Financial Reporting the Smart Way
CIMA Advanced Financial Reporting is an official exam run by Chartered Institute of Management Accountants (CIMA) under exam code F2. Passing it awards the CIMA Management certification, which sits at the Management Level Objective Test tier. It also counts toward related credentials such as CIMA CGMA Professional Qualification, CIMA Advanced Diploma in Management Accounting. Certified professionals remain in shorter supply than the market wants, which is precisely why this exam keeps showing up in conversations about better roles and better pay.
The CIMA Advanced Financial Reporting exam gives you 90 minutes to work through 60 questions. That is a tight ratio, and it punishes candidates who get emotionally attached to any single item. The fix is mechanical: answer what you know, flag what you do not, and keep moving. A few full-length timed runs in the Actual4Exams test engine, with its randomized question order, will calibrate your pace far better than untimed reading ever could.
The official fee for CIMA Advanced Financial Reporting is Varies by region/centre (bookable via CIMA/Pearson VUE), and 100 out of 150 (scaled ~67%) is what passing takes. The uncomfortable part: retakes cost the full Varies by region/centre (bookable via CIMA/Pearson VUE) again, which makes preparation the cheapest line item in this whole project. Before booking, put yourself through repeated scored sessions with the Actual4Exams practice tests and compare results over time; a stable margin above the passing line, not a single lucky run, is when you are ready.
Completion of CIMA Operational Level (E1, P1, F1 and Operational Case Study) or equivalent exemption
Vendor rules do get revised, so treat this as your starting point and confirm the current eligibility details before booking via the official exam page.
It is. Actual4Exams publishes a free PDF demo of the CIMA Advanced Financial Reporting material, so the product can prove itself before you pay. Your purchase then comes with 365 days of free updates, and once that period ends, extending the update service costs 50% of the regular price. The test engine software itself is verified malware-free and safe to install.
Actual4Exams stands behind the product with a 100% money-back guarantee under defined conditions. If you take the CIMA Advanced Financial Reporting exam within 60 days of purchase and fail, you qualify for a full refund, provided the exam corresponds to your product. Sitting the exam within 3 days of purchase does not qualify, and neither do unused downloads, free materials, or 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 resolved within 7 days. You may also choose an exchange instead of a refund: two other exam products of equal value, free, with the update service on your original purchase retained.
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CIMA Advanced Financial Reporting breaks down into 5 official domains, led by Group accounts (25%), Financing capital projects (15%), and Financial reporting standards (25%). You will find the full topic-by-topic outline above on this page; use the weightings to budget your study hours where they pay back the most.
CIMA Advanced Financial Reporting Sample Questions:
Question 1
YZ issued $100,000 6% convertible bonds at par on 1 January 20X5. The bondholders have the option to convert into equity shares in 3 years' time or redeem at par for cash on the same date.
Interest is paid annually in arrears and bonds issued by similar entities without conversion rights pay interest at 8%.
What is the value of equity to be recognised in YZ's statement of financial position as at 31 December
20X5?
Give your answer to the nearest whole $.
$?
Question 2
In recent years EBITDA has been adopted by large entities as a key measure of performance. The following figures have been extracted from the financial statements of UV for the year ended 30 November 20X9:
What is EBITDA for UV for the year ended 30 November 20X9?
Give your answer to the nearest $'000.
$ ? 000
Question 3
ST acquired 75% of the 2 million $1 equity shares of CD on 1 January 20X3, when the retained earnings of CD were S3,550,000. CD has no other reserves.
ST paid $5,600,000 for the shares in CD and the non controlling interest was measured at its fair value of S1,400,000 at acquisition.
At 1 January 20X3, the fair value of CD's net assets were equal to their carrying amount, with the exception of a building. This building had a fair value of $1,000,000 in excess of its carrying amount and a remaining useful life of 25 years on 1 January 20X3.
At 31 December 20X5, the retained earnings of ST and CD were $8,500,000 and $5,250,000 respectively.
What is the value of retained earnings that will be presented in the consolidated statement of financial position of ST as at 31 December 20X5?
A. $9,775,000
B. $10,080,000
C. $9,715,000
D. $9,685,000
Question 4
Information extracted from JK's statement of financial position for the year ended 31 May 20X5 is as follows:
Calculate the gearing ratio (Debt/Equity measured as a percentage) at 31 May 20X5.
Give your answer to one decimal place.
? %
Question 5
At 31 October 20X1 RS has in issue 10% debentures 20X8 with a carrying value of $350,000.
Extracts from its statement of profit or loss for the year ending 31 October 20X7 are as follows:
What is the interest cover for RS for the ended 31 October 20X7?
A. 11.1 times
B. 10.0 times
C. 8.0 times
D. 9.0 times
Solutions:
| Question 1 Answer: Only visible for members | Question 2 Answer: Only visible for members | Question 3 Answer: D | Question 4 Answer: Only visible for members | Question 5 Answer: D |
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