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CIMA F2 · Advanced Financial Reporting

Everything you need to pass CIMA F2.

Covers complex group accounting, financial instruments, leases (IFRS 16), revenue recognition (IFRS 15), and other advanced IFRS standards. £149 on its own, or all four Management subjects for £369, with lifetime access. F2 is on demand, so you book it when you are ready.

Buy F2 · £149See the Management Level Pass Pack
Modern tuition Real mock exams Feedback on every mock
  • 60 questions
  • 90 minutes
  • On demand book it when you are ready
  • £149 on its own, lifetime access

A word from your tutor

James Griffiths, VIVA’s Advanced Financial Reporting specialist

James Griffiths, VIVA tutor
Advanced Financial Reporting

F2 is group accounts and financial analysis, and it is the paper the Management Case Study draws on most directly. That is the main reason we suggest taking it last of the three - consolidation stays fresh for the case study.

Consolidation rewards repetition more than almost anything else in CIMA. You will do it until it is boring, and then you will do it under time, because that is what makes it reliable on the day.

When your mocks are consistently passing, book it. Not before.

James Griffiths Advanced Financial Reporting tutor

The syllabus

What F2 covers.

F2 Advanced Financial Reporting builds on F1, covering group accounting (complex consolidations), financial instruments, leases, and advanced IFRS standards. You'll develop the ability to prepare and critically evaluate financial statements for complex group structures.

  • Complex group consolidations (associates, joint ventures)
  • Financial instruments: IFRS 9 classification and measurement
  • IFRS 16 Leases - lessee and lessor accounting
  • IFRS 15 Revenue from Contracts with Customers
  • Employee benefits and provisions (IAS 19, IAS 37)
  • Earnings per share and statement of changes in equity

The course, section by section

8 sections · 71 lessons · 12h 58m of video

  1. 01 Preparing for Objective Test exams 1 module5 lessons44m of video
    1. Objective Test Success 5 lessons 44m
      1. Introduction 2m
      2. Background of Objective Tests 10m
      3. Format of Objective Test exams 9m
      4. Exam preparation 9m
      5. Exam day approach 14m
  2. 02 F2 Subject overview 1 module6 lessons1h of video
    1. F2 Overview Videos 6 lessons 1h
      1. F2 overview - introduction 4m
      2. F2 overview - section A 12m
      3. F2 overview - section B 17m
      4. F2 overview - section C 9m
      5. F2 overview - section D 6m
      6. F2 overview - section E 12m
  3. 03 A. Financing capital projects 2 modules7 lessons51m of video
    1. Types and sources of long-term funds 3 lessons 24m
      1. Types and sources of long-term funds - part 1 12m
      2. Types and sources of long-term funds - part 2 6m
      3. Types and sources of long-term funds - part 3 6m
    2. Cost of long-term funds 4 lessons 27m
      1. Cost of long-term funds - part 1 4m
      2. Cost of long-term funds - part 2 5m
      3. Cost of long-term funds - part 3 13m
      4. Cost of long-term funds - part 4 5m
  4. 04 B. Financial reporting standards 6 modules22 lessons3h 38m of video
    1. Revenue 2 lessons 23m
      1. Revenue - part 1 10m
      2. Revenue - part 2 13m
    2. Leases: Lessor accounting 2 lessons 21m
      1. Leases - lessor accounting - part 1 8m
      2. Leases - lessor accounting - part 2 13m
    3. Provisions, contingent liabilities and contingent assets 3 lessons 29m
      1. Provisions, contingent liabilities and contingent assets - part 1 11m
      2. Provisions, contingent liabilities and contingent assets - part 2 5m
      3. Provisions, contingent liabilities and contingent assets - part 3 13m
    4. Financial instruments 9 lessons 1h 29m
      1. Financial instruments - part 1 12m
      2. Financial instruments - part 2 10m
      3. Financial instruments - part 3 9m
      4. Financial instruments - part 4 7m
      5. Financial instruments - part 5 12m
      6. Financial instruments - part 6 8m
      7. Financial instruments - part 7 9m
      8. Financial instruments - part 8 8m
      9. Financial instruments - part 9 14m
    5. Intangible assets 3 lessons 31m
      1. Intangible assets - part 1 10m
      2. Intangible assets - part 2 10m
      3. Intangible assets - part 3 11m
    6. Income taxes 3 lessons 25m
      1. Income taxes - part 1 9m
      2. Income taxes - part 2 9m
      3. Income taxes - part 3 7m
  5. 05 C. Group accounts 8 modules22 lessons4h 20m of video
    1. Consolidated statement of financial position 5 lessons 51m
      1. Consolidated statement of financial position - part 1 8m
      2. Consolidated statement of financial position - part 2 10m
      3. Consolidated statement of financial position - part 3 8m
      4. Consolidated statement of financial position - part 4 13m
      5. Consolidated statement of financial position - part 5 12m
    2. Consolidated statement of profit or loss and other comprehensive income 3 lessons 30m
      1. Consolidated statement of profit or loss and other comprehensive income - part 1 8m
      2. Consolidated statement of profit or loss and other comprehensive income - part 2 6m
      3. Consolidated statement of profit or loss and other comprehensive income - part 3 16m
    3. Associates and joint arrangements 3 lessons 27m
      1. Associates and joint arrangements - part 1 16m
      2. Associates and joint arrangements - part 2 5m
      3. Associates and joint arrangements - part 3 6m
    4. Foreign transactions and foreign subsidiaries 2 lessons 28m
      1. Foreign transactions and foreign subsidiaries - part 1 18m
      2. Foreign transactions and foreign subsidiaries - part 2 10m
    5. Consolidated statement of changes in equity 1 lesson 14m
      1. Consolidated statement of changes in equity 14m
    6. Consolidated statement of cash flows 2 lessons 23m
      1. Consolidated statement of cash flows - part 1 9m
      2. Consolidated statement of cash flows - part 2 14m
    7. Disclosure standards 5 lessons 50m
      1. Disclosure standards - part 1 12m
      2. Disclosure standards - part 2 11m
      3. Disclosure standards - part 3 12m
      4. Disclosure standards - part 4 9m
      5. Disclosure standards - part 5 6m
    8. *BONUS* Hotspot Webinar: Group Accounts 1 lesson 37m
      1. Group accounts webinar 37m
  6. 06 D. Integrated reporting and sustainability reporting 2 modules5 lessons1h 28m of video
    1. Integrated reporting 2 lessons 27m
      1. Integrated reporting - part 1 10m
      2. Integrated reporting - part 2 17m
    2. Sustainability reporting (2026 syllabus update) 3 lessons 1h 1m
      1. Introduction to sustainability reporting 19m
      2. IFRS S1 21m
      3. IFRS S2 21m
  7. 07 E. Analysing financial statements 1 module4 lessons57m of video
    1. Working with financial statements 4 lessons 57m
      1. Working with financial statements - part 1 16m
      2. Working with financial statements - part 2 15m
      3. Working with financial statements - part 3 17m
      4. Working with financial statements - part 4 9m
  8. 08 Mock exams 3 full mocks, then more on demand
    • Mock Mock 1 60 questions in 90 minutes, marked instantly
    • Mock Mock 2 60 questions in 90 minutes, marked instantly
    • Mock Mock 3 60 questions in 90 minutes, marked instantly
    • Mock More mocks on demand A new paper from the question bank whenever you want one, up to 5 a day

Modern tuition

Expert video, with a tutor in every lesson.

Built and taught by people who have lectured this material for years, with an AI Tutor sitting inside each lesson to answer the question you have right now.

  • Experts Former Kaplan and BPP lecturers and academics from major UK universities.
  • AI Tutor Ask a question inside the lesson and get an answer grounded in that lesson.
  • Pick up where you left off Your progress is saved lesson by lesson, so you always come back to the right place.

Real mock exams

Sit F2 before you sit F2.

Full timed mocks in the real format: 60 questions in 90 minutes, drawn from a large question bank, in an exam-style interface.

  • The real format Same question count, same clock, same kind of interface.
  • From a bank, not a booklet Three mocks to start, then a new one whenever you want it, each assembled from a large question bank rather than a fixed paper.
  • Timed The clock runs. Pacing is half the exam.

Feedback on every mock

Know which topics have landed.

A mock does not stop at a percentage. Every question comes back with an explanation, grouped by syllabus section, so you can see what to go back to.

  • Marked instantly No waiting, no tutor queue.
  • An explanation for every question Right or wrong, you see why.
  • Grouped by section So a weak section is obvious, not buried in a score.

The Management Level

F2 is one of the three Objective Tests on the CIMA Management Level, with E2 and P2. CIMA lets you sit them in any order, and the MCS once all three are passed.

See the full Management route →
  1. E2 Managing Performance
  2. P2 Advanced Management Accounting
  3. F2 Advanced Financial Reporting You are here
  4. MCS Management Case Study

Personalised CIMA pack

Finish CIMA from £349 a level, with lifetime access as standard.

Tell us which CIMA subjects you have already passed, or are exempt from taking. We have pre-ticked everything CIMA requires before F2 - adjust it if that is not you.

Step 1 of 2

First, what have you already passed?

Tick what you've passed or been exempted from - we'll only show what's left.

Operational Level
Management Level
Strategic Level

Exempt from a whole level through your degree? Use Tick all on that level.

Questions

The things students ask before buying.

What does the F2 course include?

Expert-led video lessons across the whole syllabus with an AI Tutor in every lesson, and full timed mock exams online (60 questions, 90 minutes, drawn from a large question bank): 3 to start and a new one whenever you want it, each marked instantly with an explanation for every question. £149, lifetime access.

How is F2 examined?

60 objective test questions in 90 minutes. It is on demand, so you book it when you are ready rather than waiting for a window.

Do I need to pass F2 before the other Management Objective Tests?

No. CIMA lets the three Management Objective Tests be sat in any order. All three must be passed before the MCS.

What if I buy one subject and want more later?

You only ever pay the difference. Add subjects at any time and the price you already paid comes off the bigger pack, so you never pay twice for the same course.

How long do I have access?

Lifetime access, on every course. There is no subscription and no renewal - if you need to resit, or come back to the material years later, it is still there.

Ready for a clearer route to your F2 exam day?

Get through your exams.
Get on with your life.

Take F2 on its own, or add it to the subjects you have left.

Buy F2 · £149