CIMA F2 case studies
CIMA F2 · Put your knowledge to work in context.
CIMA F2 Advanced Financial Reporting is one of the Objective Test exams in the CIMA Professional Qualification, the management accounting route offered through AICPA & CIMA. The syllabus page for this subject sits within the Professional qualification syllabus area of the AICPA & CIMA site, alongside the other objective tests and the case study exams that make up the qualification. F2 is aimed at candidates who already have a grounding in financial accounting and who now need to work confidently with group accounts, complex transactions, and the interpretation of published financial statements. It suits finance professionals preparing for the management level of the qualification, and also those in reporting roles who want structured, technical upskilling in advanced financial reporting rather than a broad management accounting overview. The CIMA F2 case studies are 5 cases and about 2,410 words.
1Fund manager control assessment under IFRS 10
Meridian Capital manages the Greenfield Infrastructure Fund, a closed-end fund with committed capital of 800m. Meridian contributed 30m (3.75%) as seed capital; the remaining 96.25% is held by 40 unrelated pension funds, none above 4%.
480 words, about 2 min2Principal versus agent and variable consideration under IFRS 15
CloudBridge Ltd resells a cloud-based HR platform. In January 20X5 it signed a three-year contract with a client for total consideration of 1,200,000, payable annually in advance.
505 words, about 3 min3Lease term, CPI remeasurement and restoration obligation under IFRS 16
On 1 January 20X5, Harbour Ltd signed a 10-year lease of a warehouse. Annual rent is 240,000, payable in advance.
456 words, about 2 min4Impairment of a CGU with non-controlling interest and goodwill
Halden Group owns 80% of North Ltd. At 31 December 20X5, North is a CGU with identifiable net assets of 700m.
475 words, about 2 min5Business model and expected credit losses under IFRS 9
In 20X5, Kestrel Bank holds a portfolio of 500m fixed-rate corporate loans. The business model is to hold the loans to collect contractual cash flows; the loans pay interest and principal only.
494 words, about 2 min