Failing the F2 exam means paying the registration fee all over again, and those fees add up fast. Candidates in 2026 use the CIMA Advanced Financial Reporting practice questions at ActualCollection to walk into the test already knowing what the real thing feels like.
CIMA F2 Exam Overview:
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
|---|---|
| Exam Name: | Advanced Financial Reporting |
| Exam Number: | CIMAPRA19-F02-1 |
| Real Exam Qty: | 60 |
| Exam Price: | Approx. £195 / $250–$295 USD (varies by region) |
| Certificate Validity Period: | Valid while progressing through qualification; no fixed expiry |
| Passing Score: | 100/150 scaled score (~67%) |
| Exam Format: | Drag and drop, Multiple response, Number entry, Computer-based objective test, Multiple choice |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Related Certifications: | CGMA Designation CIMA Strategic Level CIMA Operational Level |
| Recommended Training: | CIMA Official Study Texts CGMA Study Hub |
| Exam Registration: | Official CIMA Registration Pearson VUE Booking |
| 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:
| Section | Weight | Objectives |
|---|---|---|
| Financing Capital Projects | 15% | - Cost of capital calculations - Sources of long-term finance - Capital structure theories |
| Group Accounts | 35% | - Foreign currency consolidation - Goodwill and non-controlling interest - Associates and joint ventures - Consolidated financial statements |
| Integrated Reporting | 10% | - Integrated reporting framework - Sustainability and non-financial disclosures |
| Analysing Financial Statements | 15% | - Ratio analysis and interpretation - Impact of accounting policies - Limitations of financial analysis |
| Financial Reporting Standards | 25% | - Revenue recognition (IFRS 15) - Leases (IFRS 16) - Financial instruments (IFRS 9) - IFRS framework and application |
CIMA F2 Exam: Frequently Asked Questions
The CIMA Advanced Financial Reporting exam is the official CIMA (Chartered Institute of Management Accountants) test registered under exam code F2. Passing it earns you the CIMA Advanced Diploma in Management Accounting / CGMA Management Level certification, a credential at the Management Level level. It is also linked to the related certifications: CIMA Operational Level, CIMA Strategic Level, CGMA Designation. CIMA (Chartered Institute of Management Accountants) exams are valued because they test job-ready skills, so a passing score here carries real weight on a resume.
The CIMA Advanced Financial Reporting exam includes 60 questions to be completed within 90 minutes. Do the pacing math before exam day: with that many items on the clock, you need a steady rhythm and the discipline to flag a hard question and move on instead of stalling. Two or three full timed sessions with the ActualCollection test engine will show you exactly what that pace feels like, so time pressure stops being a factor on the real day.
To pass the CIMA Advanced Financial Reporting exam you need 100/150 scaled score (~67%), and the official registration fee is Approx. £195 / $250–$295 USD (varies by region). A retake is not discounted: a failed attempt means paying the full Approx. £195 / $250–$295 USD (varies by region) again, so treat your first sitting as the expensive one. A sensible rule is to book your seat only after you are scoring comfortably above the passing mark on the ActualCollection practice tests, not just squeaking past it once.
Completion of CIMA Certificate in Business Accounting or equivalent; CIMA Operational Level (E1, P1, F1) required
Eligibility rules do change from time to time, so confirm the current requirements before you register on the official exam page.
Registration for the CIMA Advanced Financial Reporting exam goes through the official channels below.
As for the delivery format, the exam is taken On-demand computer-based test; available at Pearson VUE test centers worldwide or online proctored.
CIMA (Chartered Institute of Management Accountants) points candidates toward the following training options for CIMA Advanced Financial Reporting.
Course work builds the foundation; question practice makes it stick. The 212 practice questions in the ActualCollection F2 package let you rehearse each topic under exam-style pressure before the real thing.
Yes. ActualCollection offers a free PDF demo of the CIMA Advanced Financial Reporting material so you can judge the question quality and format before spending anything. After purchase, your license includes 365 days of free updates, and if you want to keep receiving updates after that period, renewals are available at a 50% discount.
If you take the CIMA Advanced Financial Reporting exam within 60 days of your purchase and do not pass, ActualCollection backs you with a 100% money-back guarantee. The claim must match the exam your product covers: attempts taken within 3 days of purchase are not eligible (that is too little preparation time), and neither are downloaded-but-unused products, free materials, or expired orders. The candidate name must match the payer name, and you need to submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer not to refund? You can swap instead and receive two other exam products of equal value for free while keeping the update service on your original purchase.
Delivery itself is instant: your files are downloadable right away and 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 may install the software on.
The official CIMA Advanced Financial Reporting syllabus is organized into 5 domains. Key areas include Integrated Reporting (10%), Group Accounts (35%), and Analysing Financial Statements (15%). The complete, up-to-date topic list appears in the exam topics section above; work through it line by line and flag anything you cannot yet explain in your own words.
CIMA Advanced Financial Reporting Sample Questions:
CD commenced a construction contract on 1 April 20X9. The contract value was agreed at $100,000. CD had incurred $40,000 costs to date and estimated costs to completion were $50,000. At the year ended
31 December 20X9 this contract was estimated to be 60% complete. CD adopted the provisions of IAS
11 Construction Contracts when preparing its financial statements for the year to 31 December 20X9.
What value should be included in CD's profit for the year ended 31 December 20X9 in respect of this contract?
Give your answer to the nearest whole number.
$ ?
Correct Answer:
6000, 6
What is the total comprehensive income attributable to the non-controlling interest that will be presented in GHI's consolidated statement of changes in equity for the year ended 31 December 20X4?
- A. $575,000
- B. $190,000
- C. $95,000
- D. $595,000
Correct Answer: C 🗳️
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.
$ ?
Correct Answer:
84000, 84
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
Correct Answer:
1780, 1780000
KL sells luxury leather handbags and has 3 stores in exclusive shopping areas. Following years of static revenues and margins, in August 20X6 KL opened a fourth store at a busy airport terminal which is proving to be successful.
The revenue and gross profit of KL for the years ended 31 March 20X7 and 20X6 are as follows:
Which of the following would be a contributing factor to the movement in the gross profit margin of KL?
- A. KL locating a new supplier closer to the warehouse, reducing distribution costs.
- B. KL locating a new supplier prepared to supply handbags at a cheaper price.
- C. A worldwide shortage of leather resulting in increased prices from suppliers.
- D. The opportunity to sell handbags in the airport store at a premium price.
Correct Answer: C 🗳️
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