Aim of the syllabus
F2 extends to more advanced topics in financial accounting (preparation of full consolidated financial statements and issues of principle in accounting standards dealing with more complex areas) and to developments in external reporting.
With the advanced level of financial accounting and reporting in this paper, the analysis and interpretation of accounts becomes more meaningful.
Topics covered
- Group financial statements (35%)
- Issues in recognition and measurement (20%)
- Analysis and interpretation of financial accounts (35%)
- Developments in external reporting (10%).
- Exam date: 24th May 2012
- Exam entry dates: find out more
- Exam duration: 3 hours, plus 20 minutes of pre-exam reading time.
The F2 exam is divided in to 2 sections.
Section A 50 marks: five compulsory medium answer questions, each worth ten marks. Short scenarios may be given, to which some or all questions relate.
Section B 50 marks: one or two compulsory questions. Short scenarios may be given, to which questions relate.
The required pass mark is 50%.
- Degree students may qualify for exemptions from the Management Level depending on the content of your degree.
- It is recommended that you sit and pass paper F1 before attempting F2.
Find out more about exemptions.