CIMA F2

The F2 exam has a reputation for tripping up even experienced professionals. Dumpkiller breaks the CIMA Advanced Financial Reporting syllabus down into 212 practice questions with clear explanations, so tricky topics stop feeling intimidating.

CIMA F2 Exam Overview:

CIMA F2 Exam Syllabus Topics:

Your F2 Exam Questions, Answered

What is the F2 exam all about?

The CIMA Advanced Financial Reporting exam (code: F2) is the official CIMA exam that leads to the CGMA Professional Qualification (CIMA Qualification) - Management Level certification. It sits at the Professional level of the CIMA certification track. It is also connected with related credentials such as CIMA Management Level, CIMA E2 Enterprise Management, CIMA P2 Advanced Management Accounting. Passing it proves to employers that your skills have been validated by CIMA itself, which is why the F2 credential keeps showing up in job postings.

How many questions are in the F2 exam, and how long does it take?

The CIMA Advanced Financial Reporting exam gives you 90 minutes to work through 60 (objective test, multiple choice). Pacing matters more than most candidates expect, so before exam day, run at least one full timed session in the Dumpkiller test engine to learn how long you can afford per question. If an item stalls you, flag it and move on — coming back later beats burning five minutes on a single question.

What score do I need to pass the F2 exam, and how much does it cost?

The passing score for the CIMA Advanced Financial Reporting exam is 100/150 (scaled score), and the official registration fee is Varies by region (approximately GBP 120–180). Remember that a failed attempt means paying that fee in full again, so a timed self-assessment with Dumpkiller practice questions about a week before your exam date is a cheap way to confirm you are scoring comfortably above 100/150 (scaled score).

Are there any prerequisites for the F2 exam?

According to CIMA, the following applies: No strict prerequisite; typically taken within CIMA Management Level (E2, P2, F2) progression after or alongside Operational Level. Certification policies do change from time to time, so confirm the latest requirements on the official exam page at https://www.cimaglobal.com/Qualifications/CIMA-Professional-Qualification/ before you register.

How do I register for the F2 exam?

You can book your CIMA Advanced Financial Reporting exam through the official channels below:

• CIMA Exam Booking
• CIMA Official Qualification Information

Depending on availability in your region, the exam is delivered as Computer-based exam delivered via Pearson VUE test centers and online proctoring where available.

What official training does CIMA recommend for the F2 exam?

CIMA lists the following training options for CIMA Advanced Financial Reporting candidates:

• CGMA Official Learning Resources
• Kaplan CIMA Courses
• BPP CIMA Training

Official courses build a solid foundation, and pairing them with the 212 practice questions from Dumpkiller shows you how ready you really are before you spend money on the exam itself.

Can I try the F2 practice questions before buying?

Yes. Dumpkiller offers a free F2 PDF demo so you can review the question style, difficulty, and explanations before committing to anything. After purchase, your CIMA Advanced Financial Reporting material includes 365 days of free updates, and if your product expires after that, you can extend the update service at a 50% discount from your member zone.

What happens if I do not pass the F2 exam, and how is my order delivered?

If you take the corresponding F2 exam within 60 days of your purchase and do not pass, you can apply for a full refund under our 100% Money Back Guarantee, subject to a few conditions: the failed exam must be the one matching your purchase; sitting the exam within 3 days of purchase does not qualify, since that leaves too little preparation time; downloading the material without actually taking the exam does not qualify; free materials and expired orders are excluded; and the candidate name must match the payer name. To apply, send a scanned copy of your enrollment slip together with your official Score Report (PDF) within 2 days after the exam, and claims are processed within 7 days. If you would rather not take a refund, you can exchange your purchase for two free products of equal value while keeping the update service on the product you originally bought. As for delivery, everything is an instant download: your products are sent to your email within one minute of payment — contact customer service if nothing arrives within 2 hours — and there is no limit on the number of computers you can install the software on.

What topics are covered in the F2 exam?

The official CIMA Advanced Financial Reporting syllabus is organized into 5 main domains. The first three are Group Financial Statements, Interpretation of Financial Statements, and Financial Statements. For the full domain-by-domain breakdown, see the complete Exam Topics outline above.

CIMA Advanced Financial Reporting Sample Questions:

Question #1

EF obtained a government licence, free of charge, to operate a silver mine in 20X7 and $5 million was spent on preparing the site. The mine commenced operation on 1 January 20X8. The licence requires that at the end of the mine's useful life of 20 years, the site above ground must be reinstated to its original position.
EF estimated that the cost in 20 years' time of this reinstatement will be $3 million, which has a present value of $1 million at 1 January 20X8.
Which THREE of the following describe how the cost of the reinstatement of the site should be treated in the financial statements of EF in the year ended 31 December 20X8?

A. Only the cost of the site preparation will be depreciated over the mine's useful economic life.
B. The cost of the mine will be increased by $3 million on 1 January 20X8.
C. There will be a debit to finance costs for the unwinding of the discount on the reinstatement provision.
D. Depreciation will be charged over 20 years on the full cost of the mine including the reinstatement cost.
E. There will be a credit to finance costs for the unwinding of the discount on the reinstatement provision.
F. The cost of the mine will be increased by $1 million on 1 January 20X8.

Question #2

XY's investments enable it to exercise control over AB and have significant influence over FG and JK.
The Managing Director of XY is a non-executive director of LM. XY does not hold any investment in LM.
XY is preparing its consolidated financial statements for the year ended 30 September 20X9.
Which of the following transactions during the year will be disclosed in these financial statements in accordance with IAS 24 Related Party Disclosures?

A. Sale of goods from FG to JK at their current market value.
B. Sale of a motor vehicle from XY to a Director of AB's spouse at its current market value.
C. Sale of non current assets from XY to LM at their current market value.
D. Sale of goods with a trade discount to a major customer of XY.

Question #3

AB acquired a financial investment on 1 January 20X9, incurring $5,000 related agency fees. AB initially classified the investment as held for trading, in accordance with IAS 32 Financial Instruments:
Presentation.
Which of the following statements reflects the accounting treatment that AB adopted in respect of this investment when it prepared its financial statements to 31 December 20X9?

A. Agency fees were added to the cost of the investment and the gain/loss on the remeasurement of the investment at the year end was recorded in profit or loss for the year.
B. Agency fees were recorded as an expense and the gain/loss on the remeasurement of the investment at the year end was recorded in other comprehensive income.
C. Agency fees were added to the cost of the investment and the gain/loss on the remeasurement of the investment at the year end was recorded in other comprehensive income.
D. Agency fees were recorded as an expense and the gain/loss on the remeasurement of the investment at the year end was recorded in profit or loss for the year.

Question #4

An investor owns 75 shares values at $1.50 each. If the shares increase in value to $1.75, how much money will the investor have made through this capital gain?

A. $15
B. $18.75
C. $131.25
D. $26.25
E. $187.50
F. $112.50

Question #5

The following information is extracted from the financial statements of RS for the year ended 30 June 20X7:

RS has no other liability balances and has no associate investments.
Calculate return on capital employed for RS at 30 June 20X7.
Give your answer to the nearest whole %.
? %

Solutions: