Management Level

F2 Objective Test

  • 10 hours of on-demand video lectures by a subject expert
  • 500+ post-chapter CIMA-grade practice questions
  • 5 Mock Exams of 60 questions each
  • Downloadable course notes covering the entire syllabus
The course is on-demand. Access lasts 6 months from the purchase date.
what will you be learning?

Course Syllabus

• The sources and types of funds and how much they cost.

• The key financial reporting standards on which financial statements will be based and the application of those standards to prepare group accounts.

• The International Integrated Reporting Framework and its components and how to conduct analyses of financial statements and their limitations.

Pre-course work
1.5 hours of tuition
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ELITE COURSE ONLY
Objective Test Success
ELITE COURSE ONLY
In this introductory set of videos you will be grounded in the general structure of the CIMA syllabus and the F2 course before delving into the specifics of the subject. You will learn how F2 fits into the structure of the CIMA qualification, what an Objective Test exam looks like, optimal study methods, and exam day technique.
GMT
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F2 Overview Videos
ELITE COURSE ONLY
Your first encounter with the content of F2, in this series of lectures you will gain a general understanding of what is covered in F2 Advanced Financial Reporting - from the financing of capital projects, through financial reporting standards, to group accounts and integrated reporting.
Week 1
3 hours of tuition
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Types and Sources of Long-term Funds
We get started in our first chapter with the crucial theme of financing, specifically focusing on shares, long-term debt, stock and bond markets, and the role of different advisors. Once you’ve worked through this series of video lectures and notes, you can ensure your understanding and retention by taking the 43 exam-grade questions on our online CIMA exam simulator at the end of the chapter.
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Cost of Long-term Funds
In this series of lectures your F2 tutor will explain in jargon-free language the risk-return relationship, the cost of equity, cost of debt, and the weighted average cost of capital. All is unpacked with the help of visual aids and examples. Then once you’re ready, you can test yourself with 38 CIMA-style exam questions.
Week 2
6.5 hours of tuition
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Revenue
In this chapter you will be trained in the five steps of revenue recognition, with additional lessons on presentation and accounting entries. Consolidate your learning with 24 challenging test questions at the end of the lesson.
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Leases: Lessor Accounting
Next up is the lessor accounting component of leases. Here you’ll gain an understanding of lease contracts, the classification of leases, finance leases and operating leases. The chapter is rounded off with another 23 CIMA-grade exam questions.
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Provisions, Contingent Liabilities, and Contingent Assets
In this chapter you’ll learn the ins and outs of provisions, the applications of recognition and measurement rules for provisions, the nature of contingent liabilities and contingent assets. Confirm your understanding with 18 tricky exam questions at the end of the series of lectures.
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Financial Instruments
Now to the subject of financial instruments. Your tutor will break down the details of classification, recognition, measurement of financial assets and financial liabilities. Again, you get to check your retention with a selection of CIMA-style exam questions.
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Intangible Assets
From tangible assets to now focusing on intangible assets, your F2 tutor will explain how intangible assets are recognised, their initial measurement, their subsequent measurement, and the process of derecognition.This chapter is rounded off with a further 24 exam-grade questions.
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Income Taxes
While in F1 you were introduced to the general principles of taxation, here in F2 we do a deeper dive on income taxes in particular. You’ll start off with current tax, and then move into the more complex world of deferred taxation. Once you’ve worked through the video lectures, test yourself with 22 exam-style questions.
Week 3
7.5 hours of tuition
GMT
On-demand
self-paced
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Consolidated Statement of Financial Position l
We move now into syllabus area C, looking at group accounts..We start with the first part of consolidated statements, covering the definition of a group, subsidiaries, the separate financial statements of parents, and when consolidated statements are warranted. You’ll also be introduced to the crucial concept of goodwill. Ensure your understanding with 29 CIMA-grade questions.
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Consolidated Statement of Financial Position ll
We perfect your understanding of consolidated statements of financial position here with a series of lectures on intra-group balances, unrealised profit on transfer of inventory, and fair values. Challenge your understanding with another bank of end of chapter exam-grade questions.
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Consolidated Statement of Profit or Loss and Other Comprehensive Income
Here you’ll learn about a range of new principles and activities, including non-controlling interests, impairment of goodwill, intra-group trading, fair value adjustments and mid-year acquisitions. 13 challenging exam-style questions await you to test your learning.
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Associates and Joint Arrangements
After grounding you in the definitions and core concepts of associates and joint arrangements, your tutor will dig into the specifics of the implications of each category for financial statements and accounting practices. Confirm your learning with 21 exam questions.
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Foreign Transactions and Foreign Subsidiaries
Here we get stuck into issues surrounding financial activities across national borders. You will learn about currency concepts, foreign currency transactions, foreign subsidiaries and the translation and consolidation of foreign subsidiaries. Put yourself to the test with 13 post-chapter exam questions.
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Consolidated Statement of Changes in Equity
This series of lectures will introduce you to concepts like proforma, dividends, equity attributable to the owners of the parent, non-controlling interests, and total comprehensive income for the year. Test your retention with another bank of CIMA-grade exam questions.
GMT
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Consolidated Statement of Cash Flows
In this chapter you’ll learn the formats and definitions that pertain to the consolidated statements of cash flows, and how these apply specifically to non-controlling interests, associates and joint ventures, the acquisition of subsidiaries, and more.. Put yourself to the test with 13 post-chapter exam questions.16 challenging test questions await you to prove your understanding.
GMT
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Disclosure Standards
These lectures cover two key standards from the IFRS framework - IAS 24 Related Party Disclosures and IAS 33 Earnings per Share. Each of these is unpacked and explained in plain English. You can then test yourself with 31 exam-style questions.
Week 4
1.5 hours of tuition
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On-demand
self-paced
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ELITE COURSE ONLY
Integrated Reporting
Here you’ll learn about the nature and importance of integrated reporting, the International Integrated Reporting Council (IIRC) and the International <IR> Framework. Check your understanding with 47 test questions.
Week 5
3.5 hours of tuition
GMT
On-demand
self-paced
On-Demand
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ELITE COURSE ONLY
Working With Financial Statements
In this chapter you’ll learn the crucial skill of interpreting and utilising financial ratios based on the financial statements. We’ll look at probability ratios, efficiency ratios, liquidity ratios, activity ratios and solvency ratios, before moving on to analysis of cash flows and segment reports. All of this will be examined with 99 exam-grade questions at the end of the chapter.
Week 6
7.5 hours of tuition
GMT
Mock Exam
self-paced
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Mock Exam 1
Now it’s time to put everything you’ve learned over the 12 course chapters into practice with a CIMA standard exam. You’ll have 90 minutes to complete a 60 question exam, just as you would on the day of the real F2 exam.
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Mock Exam
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Mock Exam 2
Our second set of 60 exam-style questions replicating the real exam scenario.
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Mock Exam 3
The third exam-standard mock for you to complete in a 1.5 hour sitting.
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Mock Exam
self-paced
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Mock Exam 4
Need some extra practice before your exam? Our fourth mock exam compiles a random selection of 60 questions from across the entire bank of post-chapter questions.
GMT
Mock Exam
self-paced
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Mock Exam 5
The final, fifth mock exam taken from our chapter bank. Nail this one, and then head for the real exam!
Week 7
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Week 8
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Hotspot sessions

As well as access to over 10 hours of on-demand video lectures covering the core syllabus, you will find bonus "Hotspot Sessions". For those particularly trick subject areas, your tutor offers a deeper dive to ensure understanding.

  • Complex topics are broken down into plain English
  • All hotspot topics are explained with concrete examples
  • Walkthroughs of exam-style questions to ensure full comprehension

Live webinars

Tap into your course tutor’s deep expertise by asking questions & getting answers immediately. From pre-seen analyses to mid-course check-ins, our live sessions cover a range of topics and student needs. And if you miss a session, you can always watch the replay.

  • Interact with your CIMA tutors during Q&A segments
  • Never miss a session with full replay access
  • Mock writing guidance, theory applied sessions, and more.

Personalisation and learning analytics

Our course design is based on the latest science of learning. Part of optimal study is ensuring that you have the data and control that you need to shape the resources to your needs. VIVA does just that.

  • Data dashboard to track your course progress and average scores
  • Control video playback - slow down or speed up as you require
  • Progress tracker ensures you know where you last stopped studying

Online exam simulator

Not only to do you get 500+ CIMA-grade practice questions as standard - but you get to practice these in our online exam simulator, to ensure maximal preparation for the real-life exam!

  • Choose from 3 time modes - No Limit, Exam Mode, or Quick Mode
  • Choose how you see your answers - after each question, or after the exam
  • See mock breakdown of how you scored in each syllabus area

Complete mock exam coverage

The Case Study course comes complete with professionally written mock exams as standard (3 for OCS, 5 for MCS and SCS), freshly written for each new pre-seen cycle. Our mocks are weighted in accordance with official CIMA subject and grading criteria.

  • Professionally written mocks tailored to current pre-seen document
  • Model solutions written by former CIMA prizewinners
  • Unlock mock marking at any time for complete exam preparation
Elite only

Live Workshops

As an Elite Student, you will gain access to 12 hours of private, live cohort workshops with your expert Case Study tutor. Each workshop is thematically focused on a different aspect of the Case Study exam, with an emphasis on practice, application, and exam technique secrets.

  • Work with your tutor and fellow Elite students on problems
  • Offer and exchange ideas, feedback, and doubts with your tutor
  • Develop answers and insights in collaboration
Elite only

Tutor-led Forums

As an Elite student, you will gain exclusive 24 hour access to a private, tutor-led Slack discussion group. Here you will be able to post and share queries, topics for discussion, helpful sources and articles. Your tutor will also regularly share helpful materials, and prompt discussions and debate between workshop sessions.

  • Bounce ideas off fellow Elite students in relaxed environment
  • Take advantage of Slack's great community features
  • Seek assistance from your Tutor at any time

Live workshops

Our live sessions are run outside of work hours. Tap into your course tutor’s deep expertise by asking questions & getting answers immediately. From pre-seen analyses to intensive workshops, our live sessions cover a range of topics and student needs. And if you miss a session, you can always watch the replay.

  • Interact with your CIMA tutors
  • Elite workshop sessions with lecturer and small student cohorts
  • Receive regular notifications on upcoming webinars

Tutor-led private discussion group

"I have tried mocks from other providers, but VIVA's are the best". Neofytus (SCS Aug17) isn't alone in thinking this. Our Case Study mocks are written in-house by our team of CIMA experts, tailored to the current pre-seen, and modelled closely on the real CIMA papers. Practice in our online exam simulator under timed conditions.

  • 13 Mock Exams per exam window across OCS, MCS and SCS
  • Professionally prepared model answers with every mock
  • Marking services can be added at any time

Mock marking

120+ hours of video lectures by subject experts, covering the entire CIMA syllabus. That's an average of 10 hours per subject. Watch anywhere, anytime. All our lectures are concise, high definition, using only the highest quality audio and example-led visualisations.

  • Special hotspot sessions devote additional time to tricky areas
  • Learning interface keeps track of where you stopped watching
  • View at any speed setting that you prefer

Tutor office hours

"I have tried mocks from other providers, but VIVA's are the best". Neofytus (SCS Aug17) isn't alone in thinking this. Our Case Study mocks are written in-house by our team of CIMA experts, tailored to the current pre-seen, and modelled closely on the real CIMA papers. Practice in our online exam simulator under timed conditions.

  • 13 Mock Exams per exam window across OCS, MCS and SCS
  • Professionally prepared model answers with every mock
  • Marking services can be added at any time
Course Tutor Picture
Your expert tutor
James Griffiths

James Griffiths has 23 years of experience teaching financial accounting across both ACCA and CIMA qualifications. James is known for making the most complex financial topics seem simple and intuitive.

James teaches both F1 and F2 for VIVA and he is also involved in applying Financial pillar topics (F1 and F2) to the OCS and MCS.

CIMA Global Pass Rate Excellence Award Badge

VIVA was one of only six tuition providers worldwide to win the prestigious CIMA Global Pass Rate Excellence Award in 2020.

Purchase options

Course Pricing

Choose a single course or our excellent value All Access Pass
Choose from our Standard* or Elite Courses
(*Standard Courses are included in All Access membership)
F2 Objective Test
Standard Course

A comprehensive online course for the independent learner

Pre-seen Analysis Lectures (4 hrs)
Objective Review Lectures (3 hrs)
E3/F3/P3 Applied Lectures (6 hrs)
E2/F2/P2 Applied Lectures (6 hrs)
E1/F1/P1 Applied Lectures (6 hrs)
5 Mock Exams with Solutions
3 Mock Exams with Solutions
Tutor-Annotated Pre-seen
2 Live Tutor Check-in Sessions
100s of Pages of Course Notes
Unlimited Replays of Live Webinars
Private Student Discussion Group
Live Tutor Workshops (12 hours)
Mock Marking*
Personal Tutor Office Hours
3 Live Mock Debrief Sessions
Private Tutor-Led Forum

Course access runs until 31st of August 2022.
*Mock marking can be purchased separately at any time.

F2 Objective Test
Elite Course

Ideal for students seeking intensive, personalised 1-to-1 training

Pre-seen Analysis Lectures (4 hrs)
Objective Review Lectures (3 hrs)
E3/F3/P3 Applied Lectures (6 hrs)
E2/F2/P2 Applied Lectures (6 hrs)
E1/F1/P1 Applied Lectures (6 hrs)
5 Mock Exams with Solutions
3 Mock Exams with Solutions
Tutor-Annotated Pre-seen
2 Live Tutor Check-in Sessions
100s of Pages of Course Notes
Unlimited replays of live webinars
Private Student Discussion Group
Live Tutor Workshops (12 hours)
Mock Marking for All Mocks
Personal Tutor Office Hours
3 Live Mock Debrief Sessions
Private Tutor-Led Forum

Course access runs until 31st of August 2022.

F2 Objective Test
Single Course

Access to the F2 Objective Test Course until the end of the chosen exam window.

OCS
OCS
E1
E1
P1
P1
F1
F1
MCS
MCS
E2
E2
P2
P2
F2
F2
SCS
SCS
E3
E3
P3
P3
F3
F3

Ideal for those who are soon sitting the F2 Objective Test but are unsure of their future study plans.

CIMA All Access Pass
All 12 CIMA Courses
Unlimited access to all CIMA Courses for 12 months, inc all Case Study & Objective Test mock exams
OCS
E1
P1
F1
MCS
E2
P2
F2
SCS
E3
P3
F3
Designed for those students who would like to complete 2 or more courses over the next year.
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Learn for less

CIMA All Access Pass

Unlimited Access to all CIMA Standard Courses for 12 months. Designed for students who would like to complete 2 or more courses over the next year.

Access to all CIMA Courses for 12 months

OCS
E1
P1
F1
MCS
E2
P2
F2
SCS
E3
P3
F3

Designed for those students who would like to complete 2 or more courses over the next year.

  • 1,000+ hours of premium CIMA study content
  • All Case Study/Objective Test Mock Exams included
  • Hundreds of hours of on-demand video lectures
  • Downloadable course notes covering entire syllabus
  • All materials automatically updated throughout year
Only £34 per course, saving you £1000s vs buying each course separately!
£369

Trusted by over 10,000 students

Join our rapidly growing community.
Christine McCann
The information provided is clearly broken down, easy to read, and the support is excellent!
Lewis Austin
I used the SCS Course from VIVA Financial Tuition and it was the best package I purchased throughout all of my CIMA studies.
Rafaela Baraldi
Before I signed up with VIVA's course I was already enrolled with another tuition provider, and the way VIVA runs this course is 100x better! I will highly recommend you to my coworkers who are early in their CIMA journey.
Emma Newton
I have used VIVA for all three Case Studies, passing first time on all three. I could not have done it without VIVA's help! Hands down, the best resource out there for CIMA Case Studies.
Koshy Tharakan
VIVA's materials are expertly delivered, easy to follow and very motivating. The mocks cover every possible element of the course. Highly recommended for those aspiring to pass their CIMA exams.
Suzanne Robinson
Despite very difficult personal circumstances, with VIVA's help I managed to not only pass the SCS but to achieve my highest case study score from the 3 levels. Please keep doing what you do as it's so good!
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Course FAQs

If I fail my exam, will I still have access to the VIVA course?

That depends on the plan you purchase. If you purchase a single case study course, you will have access for the duration of the relevant exam window (i.e. until the final CIMA exam date for that window). If you purchase a single objective test course, you will have 6 months of access to the course from the date of purchase. If you purchase the All Access membership, you will have access to the course (and all courses) for 12 months from the date of purchase. And don’t worry: your subscription/access will not auto-renew. You will be automatically notified when your access is due to expire, but you get to decide whether or not you would like to renew.

How is this course so cheap? I see other tuition providers charging thousands for single courses.

VIVA was born entirely online, and since day one has maintained a small team of dedicated experts. This low cost-base has allowed for relatively high investment in a streamlined online learning platform and high-quality production values. This in turn has allowed us to scale our tuition rapidly, reaching thousands of students across the world.

Our low cost-base and scaled delivery affords us the luxury of being able to charge radically lower prices for premium-grade courses than traditional, brick-and-mortar tuition providers (or online providers with bloated administration and sales teams who target and service large institutional clients).

What’s VIVA’s pass rate?

Due to GDPR restrictions, it is increasingly difficult to compile our students’ pass rates whether directly or via CIMA. However, VIVA has had consistently high pass rates over the years, and this is attested to by the fact that VIVA was awarded the prestigious Global Pass Rate Excellence Award in 2020 by CIMA itself.

Make sure to check out what students are saying about us here.

Does VIVA offer feedback/marking on students’ mock exam answers?

Yes. After you purchase a Case Study course or All Access membership with VIVA, you will be offered the chance to add marking services to your account. You will be able to purchase corrections for anywhere from 1 mock exam to 5 mock exams, and these can be used during any of the Case Study exam windows. Once you have 5 mock exams corrected (whether during one exam window or across several), you can repurchase corrections services as and when needed.

Case Study Elite course students have marking for 5 mock exams included as standard.

Can I download the video lessons, or view them offline?

No, the video lessons can only be viewed online on VIVA’s website and may not be downloaded due to copyright restrictions.

What if I don’t like the course? Is there some kind of money back guarantee?

Yes, if within 72 hours of purchasing you are not satisfied with VIVA’s course, you are entitled to claim an immediate refund - no questions asked.

I have another question that is not answered here. How can I get in touch with VIVA?

If you're still confused, just drop us an email at info@vivatuition.com, or use our live chat box (bottom right), and a member of the team will be happy to help.