CIMA Advanced Financial Reporting : F2

F2 Exam Simulator
  • Exam Code: F2
  • Exam Name: Advanced Financial Reporting
  • Updated: Nov 04, 2026
  • Q & A: 212 Questions and Answers

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CIMA F2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Financial reporting standards25%
Topic 2: Analysing financial statements25%
Topic 3: Integrated reporting and sustainability reporting10%
Topic 4: Group accounts25%
Topic 5: Financing capital projects15%

Your CIMA Advanced Financial Reporting Questions, Honestly Answered

CIMA specifies the following prerequisites for the CIMA Advanced Financial Reporting: Completion of CIMA Operational Level (E1, P1, F1 and Operational Case Study) or equivalent exemption.

Confirm the authoritative details on the official certification page before you register.

As of the latest information, the passing score for the F2 exam is 100 out of 150 (scaled ~67%) and the fee is Varies by region/centre (bookable via CIMA/Pearson VUE). CIMA sets both, so verify the current figures on the official site before scheduling.

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The CIMA Advanced Financial Reporting blueprint centers on these principal domains:

  • Financing capital projects (15%)
  • Analysing financial statements (25%)
  • Group accounts (25%)

Further domains complete the official outline, and our question bank spans every one.

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According to the latest exam information, the F2 exam includes 60 questions and lasts 90 minutes minutes. Practicing under the same limit builds the pacing confidence you will want on the day.

CIMA Advanced Financial Reporting Sample Questions:

Question #1

Which of the following should be eliminated when using the equity method to account for associates in a parent's financial statements?
Select ALL that apply.

  • A. Unrealised profits
  • B. Goodwill payments
  • C. Intra-group balances and transactions
  • D. Dividends from associates
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

Question #2

XYZ had 600,000 ordinary shares in issue on 1 July 20X4. On 1 January 20X5, the entity made a 1 for 2 bonus issue. The profit attributable to ordinary shareholders for the year ended 30 June 20X5 was
$2,925,000.
What is the basic earnings per share for the year ended 30 June 20X5?

  • A. $4.88
  • B. $3.25
  • C. $1.63
  • D. $3.90
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

LK acquired 100% of the equity shares of TU on 1 January 20X4. LK disposed of 60% of TU for £2,400,000 on 30 September 20X4. The sale proceeds reflected the fair value of TU's shares on that date.
The remaining 40% shareholding gave LK the ability to exercise significant influence over the activities of TU. TU reported profit of $1,800,000 for the year ended 31 December 20X4 and this accrued evenly throughout the year.
Calculate the investment in associate that will be presented in LK's consolidated statement of financial position as at 31 December 20X4.
Give your answer to the nearest whole $'000.
$ 000

Reveal Solution  Discussion  0

Correct Answer:

1780, 1780000

Question #4

ST acquired 80% of the equity shares of AB on 1 January 20X7. AB acquired 60% of the equity shares of UV on 1 January 20X8. Profit for the year ended 31 December 20X9 for AB is $160,000 and for UV is
$100,000.
Calculate the non-controlling interest figure to be included within ST's consolidated statement of profit or loss for the year ended 31 December 20X9.
Give your answer to the nearest whole number in $000s.
$ ?

Reveal Solution  Discussion  0

Correct Answer:

84000, 84

Question #5

LM acquired 15% of the equity share capital of ST on 1 January 20X6 for $18 million. LM acquired a further 50% of the equity share capital of ST for $50 million on 1 January 20X7 when the fair value of ST's net assets was $82 million. The original 15% investment in ST had a fair value of $20 million at 1 January 20X7. The non controlling interest in ST was measured at its fair value of $30 million at the date control in ST was acquired.
Calculate the goodwill arising on the acquisition of ST that LM included in its consolidated financial statements at 31 December 20X7.
Give your answer to the nearest $ million.
$ ? million

Reveal Solution  Discussion  0

Correct Answer:

18, 18000000

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