CIMA-F2- Advanced Financial Reporting

Course description:

The syllabus for Paper F2, Advanced Financial Reporting, covers how to effectively source the long-term finance required to fund the operations of organisations, particularly their capital investments. It also deepens the coverage of financial reporting to more complex aspects of group accounting and analyses the rules governing the recognition and measurement of various elements of the financial statements. Finally it shows how to analyse financial statements to provide insights about the financial performance and position of the organisation over time and in comparison with others. F2 builds on the competencies gained from F1.

This paper is assessed by 1 hour and 30 minutes computer based examination and examines both technical and interpretational skills. The pass mark is 70%.

Summary of syllabus

A percentage weighting is shown against each syllabus topic and is intended as a guide to the proportion of study time each topic requires.

It is essential that all topics in the syllabus are studied, as all topics will be examined. The weightings do not specify the number of marks that will be allocated to topics in the examination.

Certification:

You won’t get any certificate on completion of this paper. However, this is a mandatory module to pass to complete your CIMA qualification. However, students will be awarded “Certificate of Management Level” when they have successfully completed E2 and P2.

Learning outcomes:

F2 – A. Sources of long-term finance (15%) – On completion of their studies, students should be able to:

1. discuss types and sources of long-term finance for an incorporated entity
2. calculate a weighted average cost of capital (WACC) for an incorporated entity

F2 – B. FINANCIAL REPORTING (60%) – On completion of their studies, students should be able to:

1. produce consolidated primary financial statements, incorporating accounting transactions and adjustments, in accordance with relevant international accounting standards, in an ethical manner
2. demonstrate the impact on the preparation of the consolidated financial statements of certain complex group scenarios
3. discuss the need for and nature of disclosure of transactions between related parties
4. produce the disclosures for earnings per share

F2 – C. ANALYSIS OF FINANCIAL PERFORMANCE AND POSITION (25%) – On completion of their studies, students should be able to:

1. evaluate the financial performance, financial position and financial adaptability of an incorporated entity
2. discuss the limitations of ratio analysis

Course features:

• Lectures : 24
• Revision class: 2
• Class Tests: 2
• Mock Tests : 2
• Duration: 4 Months
• Course level : Management Level
• Language : English
• Students: 30
• Certificate: No
• Assessments: Computer Based Exam