Category: F2

  • How I Passed CIMA F2 Exam

    It was a case of third time lucky when taking the CIMA F2 exam this week – I finally got the PASS mark I desperately needed – the official scaled score from CIMA was 108 out of 150 and proficient in all areas of the F2 syllabus! Ah, what a relief! How I Passed the…

  • F2: Financial Instruments

    When you hear the term “Financial Instruments” you generally think of some complex derivative or advanced accounting scenario. But it’s a quite a straight forward area of the syllabus to understand, what perhaps is more difficult is applying to exam style questions in an exam situation. What is a Financial Instrument? A Financial Instrument is the…

  • Equity Shares: Bonus Issue vs Rights Issue

    It’s easy to mixup subjects within a topic when studying CIMA and I’ve found myself making silly mistakes when it comes to mock exams for the F2 subject. One particular area I found myself tripping up on was the difference between a rights issues and bonus issues of shares. Here is a run down on…

  • CIMA F2: How to pass it?

    Well, I failed the CIMA F2 objective test today and I must admit it has knocked me off my stride a bit. I got the dreaded fail message when the 90 minutes were up, although I’m still waiting for the % score out of 100. I have a feeling I got around the 50% mark. The…

  • IAS 24: Related Party Disclosures

    This accounting standard is fairly straight forward and doesn’t involve any complex calculations or rules but it doesn’t mean you should neglect it in your studies. I found, when studying for F2 paper, I kept getting tripped up on questions on this accounting standard by making silly assumptions, so I thought it would be helpful…

  • Working Capital Ratios

    The CIMA F1, F2 and F3 papers ALL consider financial ratios and how to interpret them. It can be a broad subject when looking at all types of ratios, their audience and how to draw meaningful conclusions from them. Let’s take a look at the interested users and what type of financial ratios they would be…

  • F2: Useful Links and Resoruces

    F2: Useful Links and Resoruces

    If you have passed the CIMA operational level you will be looking to tackle the management level next. With F2 Advanced Financial Reporting, you will be building on your knowledge gained from the F1 paper. The bulk of the paper focuses on Financial Reporting – so topics like group accounts, complex group structures and the…

  • My CIMA F2 Study Plan

    My CIMA F2 Study Plan

    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…