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F2 Dumps - F2 Advanced Financial Reporting Practice Exam Questions

CIMA F2 - F2 Advanced Financial Reporting Braindumps

CIMA F2 - CIMA Management Practice Exam

  • Certification Provider:CIMA
  • Exam Code:F2
  • Exam Name:F2 Advanced Financial Reporting
  • Certification Name:CIMA Management
  • Total Questions:268 Questions and Answers With Detailed Explanations
  • Updated on:Based on the current F2 exam blueprint. Updated on Nov 30, 2025
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CIMA F2 This Week Results

F2 Question and Answers

Question # 1

Mr D, a CIMA qualified accountant, is working on the preparation of a long term profit forecast required by the local stock market prior to a new share issue of equity shares. At the most recent board meeting the directors requested that the forecast be inflated. In Mr D's view this would grossly overestimate the forecast profit. The board intends to publish the revised inflated forecast.

Which THREE of the following are the ethical options available to Mr D in this situation?

Options:

A.  

Consider resignation of his post as accountant.

B.  

Adjust the figures in line with the board's request as this is a forecast and not the financial statements.

C.  

Discuss the situation with his line manager.

D.  

Consider reporting the situation to the appropriate authorities.

E.  

Delegate the work to a subordinate.

F.  

Submit the original forecast without the board's approval.

Discussion 0
Question # 2

XY purchased $100,000 of quoted 8% bonds in the current year which it intends to hold until redemption.

Which of the following identifies the correct classification and subsequent measurement basis for this financial instrument?

Options:

A.  

A loans and receivables financial asset subsequently measured at fair value with gains and losses in reserves.

B.  

A held to maturity financial asset subsequently measured at amortised cost.

C.  

A loans and receivables financial asset subsequently measured at amortised cost.

D.  

A held to maturity financial asset subsequently measured at fair value with gains and losses in reserves.

Discussion 0
Question # 3

XY has in issue a 6% convertible bond which is redeemable at par or convertible into equity shares in one year's time.  The conversion terms are 20 equity shares for each $100 of convertible bond. The conversion value in one year's time is expected to be $105 per $100 nominal of the bond based on the current share price of $5.25.

Which of the following statements about the bond is correct?

Options:

A.  

The yield to maturity of the convertible bond is a constant 6%.

B.  

The bond will be converted into equity shares in one year's time if the share price does not change.

C.  

XY's post tax cost of debt for the convertible bond will be higher than the yield to maturity.

D.  

If the bond is redeemed rather than converted that means that the investor will receive $105 for each $100 of nominal value.

Discussion 0

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F2 FAQs

Passing F2 demonstrates your ability to understand complex financial statements, group accounts, and accounting standards. It sets you up for strategic roles in accounting, boosts your CV, and is a stepping stone toward earning the CGMA designation.

The F2 exam is a 90-minute Objective Test (OT) with computer-based multiple-choice questions. It focuses on financial reporting standards, consolidated accounts, and the analysis of financial statements. You need to score at least 70% to pass.

Topics such as Group Accounts (30%), Financial Reporting Standards (25%), and Analysis of Financial Statements (25%) are heavily weighted. Prioritize mastering IFRS, cash flows, and consolidated financial statements.

While F1 focuses on basic financial accounting and reporting, F2 takes a deeper dive into complex topics like IFRS compliance, group accounting, and financial performance interpretation—equipping you with mid-management accounting expertise.

Yes, F2 is challenging due to its technical content. However, with a structured study plan—allocating 8–10 weeks, regular revision, and practice using real-life examples—you’ll find it manageable and rewarding.

No, F2 is a core paper at the Operational Level. You must pass it to progress to the Strategic level and qualify for the Management Case Study. It’s a critical building block in your professional development.

F2 arms you with skills to prepare and interpret consolidated financial reports, apply IFRS, and assess company performance—skills that are essential in audit, financial analysis, and reporting roles.

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Basheer Alonte
2 weeks ago

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