Now Christmas and the New Year celebrations are out of the way I am plan to tackle the F2 paper next.
With this in mind I have created a study plan that will take up all the way up to the F2 Advanced Financial Reporting paper in March 2016.
- I have given myself 10 weeks to prepare for the exam.
- 6 weeks completing the F2 Astranti study text and questions.
- 3 weeks covering mock exams.
- 1 week slack (just in case I am behind schedule)
Here is a detailed plan of what I intend to cover and when:
Study Text and Chapter Questions
Week 1: Joint ventures, complex groups and changes in group structure
Week 2: Foreign currency, group cash flows and consolidated statement changes in equity
Week 3: IAS 18 Revenue, IAS 24 Related party disclosures and IAS 37 Provisions, contingent liabilities and assets.
Week 4: Accounting for leases, deferred tax and long-term finance
Week 5: Cost of capital, financial instruments and share-based payments
Week 6: Earning per share, ration analysis and segment analysis
Mock Exams and Revision
Week 7: Mock Exam 1
Week 8: Mock Exam 2
Week 9: Mock Exam 3
Week 10: [catch up week]
End of Week 10: Sit F2 Advanced Financial Reporting Exam!!!
I haven’t used the official CIMA learning objectives as a guide but instead I have used the chapters in the Astranti study text as a guide to ensure I cover the whole syllabus in the first six weeks.
Then, I will concentrate on the mock exams in the final three weeks with revision of the topics I am struggling with during that time also.
If you have any suggestions or comments about my study plan please feel free to leave them below. Any advice would be great as it’s my first objective test under the new 2015 syllabus.
Good Luck for the exams you’re sitting next!