SELF STUDY GUIDE

F2 ADVANCED FINANCIAL REPORTING

Session
(duration)

Component Learning Outcomes

Study Guidance/Tips

Resources

Kaplan/CS.com

C. Analysis of financial performance and position (25%): Recommended study time - 33 hours over 2 weeks
1. Evaluate the financial performance, financial position and financial adaptability of an incorporated entity
Wk 8-1
(4 hrs)

(a) calculate ratios relevant for the

1. Learning the formulas for calculating the ratios.
assessment of an entitys profitability,
2. Develop an understanding of types and
financial performance, financial
differentiations between the categories of ratios.
position and financial adaptability

Understanding the ratios

Kaplan chapter:
19
CS.com
chapter:23

Practice questions
Other style: May-10 Q2 Q3 Q7/ Nov-10 Q5/ May-11 Q7, Sep-11 Q6/ Nov-11 Q3a Q3b/ Mar-12 Q7/ May-12 Q7a/ Sep-12 Q7/ Nov-12 Q3/ Mar-13 Q3a/ May-13 Q3/ Sep-13
Q7/ Nov-13 Q7/ Mar-14 Q3

Session
(duration)

Component Learning Outcomes

Study Guidance/Tips

Wk 8-2

(b) Evaluate the financial

performance, financial position and
financial adaptability of an entity
based on the information contained in
the financial statements provided

1. Demonstrate the ability to interpret the ratios in the

given context.

(11 hrs)

Resources
Financial Analysis

2. Develop an understanding of the dependencies of

the ratios for the calculation and the comparison and
impact of the information provided in the scenario
upon the dependencies.

Kaplan/CS.com

Kaplan chapter:
19
CS.com chapter:
24

Practice questions
Other style: Nov-10 Q7/ Mar-11 Q7/ May-11 Q7/ Nov-11 Q7a/ Mar-12 Q7/ May-12 Q7a/ Sep-12 Q7/ Nov-12 Q7a/ Mar-12 Q7b/ May-13 Q7/ Nov-13 Q7/ Mar-14 Q7a

Session
(duration)

Component Learning Outcomes

Study Guidance/Tips

Resources

Kaplan/CS.com

1
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SELF STUDY GUIDE

F2 ADVANCED FINANCIAL REPORTING

Wk 9-1
(7 hrs)

(c) Advise on action that could be

taken to improve an entitys financial
performance and financial position.

1. Advice on how the financial performance and

position of the company can be improved.
2. This will be the deduction of information provided in
the scenario and the impact of business decisions on
the ratios.

Enterprise Performance Management

Enterprise Performance Management

Kaplan chapter:
19
CS.com chapter:
24

3. Having a sound understanding of the

dependencies and formulas for ratios will be crucial.
Practice questions
OTQs

Other style:

Session
(duration)

Component Learning Outcomes

Study Guidance/Tips

Resources

Kaplan/CS.com

2. Discuss the limitations of ratio analysis.

Wk 9-2
(3 hrs)

(a) Discuss the limitations of ratio

analysis based on financial
statements that can be caused by
internal and external factors.

1. The limitations for the calculated ratios in general

and in the absence of the information which could be
crucial in decision making.

Corporate Reporting to Business

Reporting

Kaplan chapter:
19
CS.com chapter:
25,26

Practice questions
Other style: Sep-11 Q5/ Nov-11 Q3/ Nov-12 Q3 Q7b/ May-13 Q3/ Nov-11 Q7b/ May-12 Q7b/ Sep-12 Q3b/ Nov-12 Q7c/ Mar-13 Q7b

Session
(duration)

Component Learning Outcomes

Study Guidance/Tips

Resources

Kaplan/CS.com

Revision Week 15 hour 1 week

2
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SELF STUDY GUIDE

F2 ADVANCED FINANCIAL REPORTING

Wk 11-12
(hrs)

Practice questions under exam

condition. Review your answer and
refresh your memory on topics that
you are unsure

When practicing, you should try and time yourself to

exam conditions, as a guide use 1.5 minutes per
question. If possible, you should also aim to have 5
10 mins at the end of the test to review your answer

Other study resources

2015 syllabus practice question and answer
2010 syllabus examiners suggested answers
Post exam guides for 2010 syllabus
Kaplan - official publisher of CIMA study materials
Velocity-Student e-magazine Financial Management magazine
Find other resources and connect to other students on CIMAconnect
Please note that the session duration time given for each area is a rough guide based on % of syllabus weightings. Research has shown that students who study 15 hours
per week are more likely to pass. These timings must be taken into account with other personal commitments such as work, family time, recreation etc. Obviously the more
hours students can dedicate to studying the higher their chance of success. Please use this as guidance rather than as an exact science of how to study, and please feel free
to change it to suit your requirements.

3
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