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CIMA F2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Group Accounts | 35% | - Foreign currency consolidation - Consolidated financial statements - Goodwill and non-controlling interest - Associates and joint ventures |
| Topic 2: Financial Reporting Standards | 25% | - Leases (IFRS 16) - IFRS framework and application - Revenue recognition (IFRS 15) - Financial instruments (IFRS 9) |
| Topic 3: Financing Capital Projects | 15% | - Cost of capital calculations - Sources of long-term finance - Capital structure theories |
| Topic 4: Analysing Financial Statements | 15% | - Limitations of financial analysis - Impact of accounting policies - Ratio analysis and interpretation |
| Topic 5: Integrated Reporting | 10% | - Sustainability and non-financial disclosures - Integrated reporting framework |
CIMA Advanced Financial Reporting Sample Questions:
1. Calculate the value of non controlling interest that will be presented in KL's consolidated statement of financial position at 31 December 20X9?
Give your answer to the nearest whole $'000.
$ ? 000
2. What figure will be presented in GHI's consolidated statement of changes in equity for the year ended
31 December 20X4, in respect of dividends paid to non-controlling interest?
A) $25,000
B) $0
C) $100,000
D) $125,000
3. Which of the following is NOT an example of an unconsolidated structured entity as defined in IFRS12 Disclosure of Interests in Other Entities?
A) An asset-backed financing scheme
B) An investment fund
C) A post-employment benefit plan
D) A securitisation vehicle
4. Which of the following actions would be most likely to improve an entity's gross profit margin?
A) Reducing administrative expenses by 10%
B) Negotiating with trade suppliers for a bulk purchase discount
C) Writing down the value of obsolete inventories
D) Offering increased credit to customers
5. A group presents its financial statements in A$.
The goodwill of its only foreign subsidiary was measured at B$100,000 at acquisition. There have been no impairments to this goodwill.
Exchange rates (where A$/B$ is the number of B$'s to each A$) are as follows:
The value of goodwill to be included in the group's statement of financial position in respect of its foreign subsidiary for the year ended 31 December 20X4 is:
A) A$150,000.
B) A$132,000.
C) A$66,667.
D) A$75,758.
Solutions:
| Question # 1 Answer: Only visible for members | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |



