CIMA Management F2

The CIMA Advanced Financial Reporting exam has a reputation for breadth, and many candidates underestimate how much ground it covers. Getcertkey closes those gaps with 212 practice questions that reflect the style and difficulty you can expect in 2026.

CIMA F2 Exam Overview:

Certification Vendor:	CIMA (Chartered Institute of Management Accountants)
Exam Name:	Advanced Financial Reporting
Exam Number:	F2
Passing Score:	100/150 (scaled score)
Real Exam Qty:	60 (objective test, multiple choice)
Exam Duration:	90 minutes
Certificate Validity Period:	No fixed expiry for individual exam pass; counts toward full CIMA qualification progression
Exam Format:	Computer-Based Exam, Objective Test (OT), Multiple Choice Questions
Available Languages:	English
Exam Price:	Varies by region (approximately GBP 120–180)
Related Certifications:	CIMA Management Level CIMA E2 Enterprise Management CIMA P2 Advanced Management Accounting
Recommended Training:	BPP CIMA Training CGMA Official Learning Resources Kaplan CIMA Courses
Exam Registration:	CIMA Official Qualification Information CIMA Exam Booking
Sample Questions:
Exam Way:	Computer-based exam delivered via Pearson VUE test centers and online proctoring where available
Pre Condition:	No strict prerequisite; typically taken within CIMA Management Level (E2, P2, F2) progression after or alongside Operational Level
Official Syllabus URL:	https://www.cimaglobal.com/Qualifications/CIMA-Professional-Qualification/

CIMA F2 Exam Syllabus Topics:

F2 Exam FAQs for 2026 Candidates

Which certification does the F2 exam lead to?

The F2 exam is the official CIMA (Chartered Institute of Management Accountants) exam behind the CGMA Professional Qualification (CIMA Qualification) - Management Level certification, validating the skills measured by the CIMA Advanced Financial Reporting credential. It sits at the Professional level of the CIMA (Chartered Institute of Management Accountants) certification program. It also connects to CIMA Management Level, CIMA E2 Enterprise Management, CIMA P2 Advanced Management Accounting, so the knowledge you build here carries over to those tracks as well.

How many questions are on the F2 exam, and how much time do I get?

The F2 exam contains 60 (objective test, multiple choice) questions to be completed within 90 minutes. Before exam day, divide the available time by the question count to work out a comfortable per-question pace, and mark any item that eats into it so you can return later instead of getting stuck. Timed sessions in the Getcertkey test engines make that pacing automatic — run at least two full-length mock exams under the clock so time pressure never becomes the reason you drop points.

What score do I need to pass the F2 exam, and what does it cost?

The passing score for the F2 exam is 100/150 (scaled score), and the official registration fee is Varies by region (approximately GBP 120–180). Retakes are not discounted — every new attempt means paying the full fee again — so it pays to measure yourself before you book. Work through the 212 practice questions on Getcertkey, sit a timed practice test, and schedule your exam only when your scores are consistently comfortable. That simple habit is the cheapest exam strategy there is.

Are there any prerequisites for the F2 exam?

No strict prerequisite; typically taken within CIMA Management Level (E2, P2, F2) progression after or alongside Operational Level Requirements can change when CIMA (Chartered Institute of Management Accountants) revises its certification program, so confirm the current eligibility rules on the official exam page before you register.

How do I register for the F2 exam?

You can book the CIMA Advanced Financial Reporting exam through the official registration channels below:

• CIMA Exam Booking
• CIMA Official Qualification Information

As for delivery, the exam is offered in the following format: Computer-based exam delivered via Pearson VUE test centers and online proctoring where available. Choose the option that suits you best when you book your seat.

What official training is recommended for the F2 exam?

CIMA (Chartered Institute of Management Accountants) recommends the following training resources for the CIMA Advanced Financial Reporting exam:

• CGMA Official Learning Resources
• Kaplan CIMA Courses
• BPP CIMA Training

Official courses build the foundation; the 212 practice questions from Getcertkey then show you how that knowledge is examined, so the two work best together.

Can I try the F2 practice questions before I buy?

Yes. Getcertkey provides a free F2 PDF demo so you can review the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates — if CIMA revises the exam during that period, the updated material reaches you at no cost. Once the free-update year ends, you can extend your update service at a 50% discount.

What if I fail the F2 exam, and how is my order delivered?

Every CIMA Advanced Financial Reporting purchase on Getcertkey is covered by a 100% money-back guarantee with clear conditions: if you take the corresponding exam within 60 days of your purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip and your official score report as a PDF within two days of the exam date; claims are processed within seven days of submission. The guarantee does not apply to exams taken within three days of purchase, to material that was downloaded but never used in an exam attempt, or to free products and expired orders, and the candidate name must match the payer name. If you would rather not take a refund, you can instead exchange your purchase for two free exam preparation products of equal value and keep the update service on your original product.

Delivery is instant: your download is sent to your email within one minute of payment, with no limit on how many computers you may install the material on. If nothing arrives within two hours, check your spam folder and contact customer service for help.

What topics are covered in the F2 exam?

The CIMA Advanced Financial Reporting exam blueprint is organized into 5 domains. The first three are:

• Financial Statements
• Specialised Financial Reporting Topics
• Interpretation of Financial Statements

For the complete domain-by-domain breakdown, scroll up to the full exam topics outline above and use it to plan how you distribute your study time.

CIMA Advanced Financial Reporting Sample Questions:

Question #1

Which of the following statements are true regarding consolidated cash flows after the acquisition of a subsidiary?
Select ALL that apply.

A. Net cash paid to acquire a subsidiary is shown as a cash inflow within the cash flow from investing activities
B. Adjustments need to be made to group working capital in light of the working capital acquired from the subsidiary
C. Cash acquired from the subsidiary upon purchase is represented as a cash inflow
D. The subsidiary's cash inflows and outflows become part of the group after purchase
E. Further adjustments are required to cash inflows and outflows after profit has been consolidated
F. Disclosure notes are required to show cash and cash equivalents paid or received, but not details of goodwill, assets and liabilities acquired

Question #2

XY has a weighted average cost of capital (WACC) of 12%. The debt:equity ratio is 1:3 and this is considered low for the industry. XY needs to raise finance to purchase new machinery in the coming year.
Which of the following forms of finance is most likely to increase the WACC?

A. Finance lease
B. 6% bank loan
C. 8% preference shares
D. Rights issue of equity shares

Question #3

Which of the following examples of contracts will use cost of sales as the balancing figure when calculating profit or loss?
Select ALL that apply.

A. Contract A has a total value of£85m, costs to date of£69m and expected costs to completion of£22m.
The contracts % stage of completion was calculated by dividing its costs incurred to date of£69m by £75m.
B. Contract A has a total value of£50m, costs to date of£42m and expected costs to completion of£15m.
The project's % stage of completion is 74% using the cost method.
C. Contract A has a total value of£55m, costs to date of£33m and expected costs to completion of£18m.
D. Contract A has a total value of£60m, costs to date of£42m and expected costs to completion of£15m.
The project's % stage of completion is 80% using the value method.
E. Contract A has a total value of£75m, costs to date of£61m and expected costs to completion of£20m.
The contracts % stage of completion was calculated by dividing its value to date of£45m by£75m.

Question #4

BC are currently seeking to establish an accounting policy for a particular type of transaction.
There are four alternative ways in which this transaction can be treated. Each treatment will have a different outcome on the financial statements as follows:
* Treatment one means that the financial statements will be easier to prepare.
* Treatment two will give a fair representation of the transaction in the financial statements.
* Treatment three will maximise the profit figure presented in the financial statements.
* Treatment four means that the financial statements will be more easily understood by shareholders.
Which accounting treatment should BC adopt?

A. Three
B. Two
C. One
D. Four

Question #5

AB acquired its one subsidiary, CD, on 1 January 20X1. At this date the fair value of CD's property, plant and equipment was found to be $40 million higher than its carrying value. The relevant items had a remaining estimated useful life of 10 years from the date of acquisition.
At 31 December 20X4 AB and CD presented property, plant and equipment of $100 million and $50 million respectively in their individual financial statements.
The value of property, plant and equipment presented in AB's consolidated statement of financial position at 31 December 20X4 is:

A. $174 million
B. $134 million
C. $190 million
D. $150 million

Solutions: