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Download CIMA : F2 Questions & Answers as PDF & Test Software

Last Updated: Sep 11, 2026

No. of Questions: 212 Questions & Answers with Testing Engine

Download Limit: Unlimited

Go To F2 Questions

Choosing Purchase: "Online Test Engine"
Price: $69.00 

Reliable & Actual Study Materials for F2 Exam Success

Our Online Test Engine & Self Test Software of TestSimulate F2 actual study materials can simulate the exam scene so that you will have a good command of writing speed and time. Then multiple practices make you perfect while in the real CIMA F2 exam. The package practice version will not only provide you high-quality F2 exam preparation materials but also various studying ways.

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CIMA F2 Practice Q&A's

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Not sure whether TestSimulate is the right fit? Download the free PDF demo of the F2 practice questions and judge the quality of our CIMA Advanced Financial Reporting material before you spend anything.

CIMA F2 Exam Overview:

Certification Vendor:CIMA (Chartered Institute of Management Accountants)
Exam Name:Advanced Financial Reporting
Exam Number:CIMAPRA19-F02-1
Exam Duration:90 minutes
Related Certifications:CIMA Operational Level
CGMA Designation
CIMA Strategic Level
Exam Format:Multiple choice, Multiple response, Drag and drop, Number entry, Computer-based objective test
Real Exam Qty:60
Certificate Validity Period:Valid while progressing through qualification; no fixed expiry
Available Languages:English
Passing Score:100/150 scaled score (~67%)
Exam Price:Approx. £195 / $250–$295 USD (varies by region)
Recommended Training:CGMA Study Hub
CIMA Official Study Texts
Exam Registration:Official CIMA Registration
Pearson VUE Booking
Sample Questions:CIMA F2 Sample Questions
Exam Way:On-demand computer-based test; available at Pearson VUE test centers worldwide or online proctored
Pre Condition:Completion of CIMA Certificate in Business Accounting or equivalent; CIMA Operational Level (E1, P1, F1) required
Official Syllabus URL:https://www.cimaglobal.com/study-exams/our-exams/management-level/f2/

CIMA F2 Exam Syllabus Topics:

SectionWeightObjectives
Financing Capital Projects15%- Sources of long-term finance
- Cost of capital calculations
- Capital structure theories
Financial Reporting Standards25%- Leases (IFRS 16)
- Financial instruments (IFRS 9)
- Revenue recognition (IFRS 15)
- IFRS framework and application
Group Accounts35%- Associates and joint ventures
- Consolidated financial statements
- Foreign currency consolidation
- Goodwill and non-controlling interest
Integrated Reporting10%- Sustainability and non-financial disclosures
- Integrated reporting framework
Analysing Financial Statements15%- Ratio analysis and interpretation
- Limitations of financial analysis
- Impact of accounting policies

F2 Certification Exam — Your Questions, Answered

The F2 exam is the official CIMA exam behind CIMA Advanced Financial Reporting — passing it earns you the CIMA Advanced Diploma in Management Accounting / CGMA Management Level certification, a credential positioned at the Management Level level. It is built for candidates who want to validate the skills measured by CIMA Advanced Financial Reporting. Depending on your track, the exam is also linked to the CIMA Operational Level, CIMA Strategic Level and CGMA Designation certifications, so one pass can move you toward more than one CIMA credential.

The F2 exam presents 60 questions to be completed within 90 minutes. That pace leaves little room for second-guessing: read each question carefully on the first pass, flag the ones you want to revisit, and keep moving instead of stalling on a single item. Before exam day, run at least one full timed session in the TestSimulate desktop or online test engine with a comparable question load — a steady rhythm under the clock is a trainable skill, and it is often what separates a pass from a near miss.

To pass the F2 exam you need 100/150 scaled score (~67%), and the official registration fee is Approx. £195 / $250–$295 USD (varies by region). Keep in mind that a failed attempt means paying that fee again in full — retakes are not discounted. Given the cost, self-test before you book: if you can score comfortably above the passing mark on two or three consecutive timed TestSimulate practice tests, your budget is far better spent on the exam itself than on a retake.

Completion of CIMA Certificate in Business Accounting or equivalent; CIMA Operational Level (E1, P1, F1) required Because CIMA revises its certification programs from time to time, treat this as a starting point rather than the final word. Confirm the current eligibility requirements on the official CIMA exam page before you register.

Registration for the F2 exam is handled through the official channels below:

Delivery method: On-demand computer-based test; available at Pearson VUE test centers worldwide or online proctored — pick the option that suits you best when booking your slot.

CIMA points CIMA Advanced Financial Reporting candidates toward the following official courses:

Official courses build the foundation; pairing them with the 212 F2 practice questions from TestSimulate turns that knowledge into exam-day readiness.

Yes. A free PDF demo of the F2 practice questions is available, so you can check the question style and answer quality before spending anything. Every purchase also includes 365 days of free updates — whenever CIMA adjusts the CIMA Advanced Financial Reporting blueprint, your material is refreshed at no cost during that period. After the first year, you can extend the update service at a 50% discount from your member zone.

TestSimulate backs your purchase with a 100% Money Back Guarantee. If you take the corresponding exam within 60 days of purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip together with the official Score Report PDF within 2 days of your exam date; approved claims are processed within 7 days. The guarantee applies only to the exam matching your purchase, the candidate name must match the payer name, and it does not cover attempts taken within 3 days of purchase, candidates who downloaded the material but never sat the exam, expired orders, or free materials. If you would rather keep preparing, you can exchange the product for two free exam preparation packages of equal value and keep the update service on your original purchase.

Delivery is instant: your download is available right after payment, and a copy is emailed to you within one minute. If nothing arrives within 2 hours, check your spam folder and contact our support team. There is no limit on the number of computers you can install the software on.

The CIMA Advanced Financial Reporting syllabus is organized into 5 domains. Among the headline areas are Financial Reporting Standards (25%), Analysing Financial Statements (15%), Financing Capital Projects (15%). Rather than copying every subtopic here, we keep the complete, current outline in the Exam Topics section above — work through it domain by domain with the TestSimulate F2 practice questions so nothing on the blueprint catches you off guard.

CIMA Advanced Financial Reporting Sample Questions:

Question #1

ST has in issue unquoted 7% debentures which were issued at par and are redeemable in 1 year's time.
These debentures cannot be traded. The yield to maturity on these debentures has been calculated at
5%.
Which of the following would explain why the yield to maturity is lower than the coupon?

  • A. The debentures will be redeemed at a discount to their par value.
  • B. ST will benefit from the tax relief on the interest payment.
  • C. The market value of the debentures must be higher than their par value.
  • D. The debentures will be redeemed at their par value.
Answer: A
Question #2

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. Goodwill payments
  • B. Unrealised profits
  • C. Intra-group balances and transactions
  • D. Dividends from associates
Answer: B,D
Question #3

On 1 January 20X4 EF grants each of its 125 employees 500 share options on the condition that they remain in employment for 3 years. During the year to 31 December 20X4 10 employees left and It is expected that a further 25 will leave before the end of the vesting period.
The fair value of each share option is $30 on 1 January 20X4 and $45 on 31 December 20X4.
What is the journal entry in respect of these share options in EF's financial statements for the year ended 31 December 20X4?

  • A. Option D
  • B. Option C
  • C. Option A
  • D. Option B
Answer: C
Question #4

EF acquired a copy machine under a three-year operating lease. EF will pay nothing in year one and then will pay $6,000 in years two and three. The estimated economic useful life of the machine is six years.
Which THREE of the following statements are true in respect of how EF will account for its use of the machine and the associated operating lease payments?

  • A. EF will charge $4,000 to profit or loss in each of the three years in respect of this operating lease.
  • B. EF will include an accrual of $6,000 at the end of year one in respect of the lease payments.
  • C. EF will record a credit to bank of $6,000 in year two.
  • D. An asset of $12,000 will be included in EF's property, plant and equipment at the start of the lease.
  • E. EF will include an accrual of $4,000 at the end of year one in respect of the lease payments.
  • F. EF will record no expense in year one in respect of the operating lease charges for this machine.
Answer: A,C,E
Question #5

The basic earning per share computed by a company for year ended 31st March 20X7 is £2 per share.
The company had certain convertible debentures outstanding as on 31st March 20X7. The conversion of debentures to equity shares would result in the earnings per share to be £2.2. Which of the following should the company disclose?

  • A. Both basic and diluted earnings per share
  • B. Diluted earnings per share only
  • C. Basic earnings per share only
  • D. Neither basic nor diluted earnings per share
Answer: C
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