CIMA F2: ADVANCED FINANCIAL REPORTING
The preparation of financial statements is regulated by-laws, standards, commonly accepted accounting principles and by codes. The regulations assure that financial statements of different lives are comparable and that they present a reasonably detailed picture of the performance, stance and possibilities of the organization to their users. This section wraps who the key personnel are, what they do and why and how exactly the regulations are correlated. The objective is to give candidates a strong foundation for nurturing and interpreting financial statements. F2 is one of three management level factual test exams. These exams have to be finished off before you can attempt the operational case study exam.
Advanced Financial Reporting is an instructor-facilitated (core) course that gives a continuance of Intermediate Financial Reporting 2, surrounding advanced financial accounting subjects such as:
- Consolidations
- Foreign currency
- Not-for-profit accounting
The syllabus provides a very detailed information on the subject of the course as well as the different CPA preparatory lessons. The examination blueprint summarizes the configuration and length, of course, final examinations. The revised syllabus contains how the digital world influences finance - this can be seen through the beginning of digital costing and digital strategy. Topics such as cyber security and employment models have also been incorporated. Occurring areas, such as integrated reporting, have been broadened to reflect their thriving prominence.
CIMA has introduced modern topics in many of the levels. For instance, in E1: Managing Finance in a Digital World, precisely 60% of the syllabus is new.
The updates have been inaugurated to reflect the modern business world, rendering sure that you’re equipped with the most up to date knowledge to get ahead in your career in F2 as well by CIMA.
What you need to know—
F2 covers the following layers strategically -
- Financing capital programs
- Analyzing financial statements
- Group accounts
- Integrated reporting
- Financial reporting principles
You will be examined through a 90-minute long computerized objective test comprising 60 equally weighted questions. All learning areas of the syllabus will be enclosed; therefore, it is crucial that you revise all the topics for the exam. The permit mark is 70%.