CIMAPRA19-F02-1 F2 Advanced Financial Reporting is one of the exams that a candidate has to pass to become a Chartered Global Management Accountant (CGMA). This exam aims to develop advanced knowledge and skills in financial reporting for complex entities. The exam assesses a candidate's ability to understand and apply International Financial Reporting Standards (IFRS) and other financial reporting frameworks. In this article, we will provide you with a detailed guide on how to pass the CIMAPRA19-F02-1 exam, including its objectives, exam details, prerequisites, and related books.
Exam Objectives:
The CIMAPRA19-F02-1 exam has the following objectives:
- To evaluate a candidate's knowledge and understanding of financial reporting frameworks, including IFRS and other relevant frameworks
- To assess a candidate's ability to apply financial reporting principles and concepts to complex reporting situations
- To test a candidate's ability to analyze and interpret financial reports and make recommendations based on them
- To evaluate a candidate's ability to prepare and present financial reports that comply with relevant reporting frameworks and regulations
The exam is designed to ensure that a candidate can demonstrate a comprehensive understanding of financial reporting frameworks, principles, and concepts to provide sound financial information to stakeholders.
Exam Details:
The CIMAPRA19-F02-1 exam is a computer-based exam that consists of 60 objective test questions. The duration of the exam is two hours. The passing mark for the exam is 70%, and the exam fee varies depending on the location. The exam is delivered in Pearson VUE centers globally. The exam format is as follows:
- The exam consists of 60 objective test questions, including multiple-choice, multiple-response, and other objective question types
- The exam is computer-based and delivered in Pearson VUE centers
- The duration of the exam is two hours
- The passing mark for the exam is 70%
- The exam fee varies depending on the location
To pass the CIMAPRA19-F02-1 exam, a candidate should have a solid understanding of financial reporting frameworks, principles, and concepts. The candidate should also have the ability to analyze and interpret financial reports and make recommendations based on them. The candidate should also have the ability to prepare and present financial reports that comply with relevant reporting frameworks and regulations.
Who Should Take the Exam?
The CIMAPRA19-F02-1 exam is ideal for finance and accounting professionals who want to develop advanced knowledge and skills in financial reporting for complex entities. The exam is also suitable for individuals who want to become Chartered Global Management Accountants (CGMA).
Prerequisites and Qualifications:
There are no formal prerequisites for taking the CIMAPRA19-F02-1 exam. However, candidates are expected to have a solid understanding of financial reporting frameworks, principles, and concepts. Candidates should also have some experience in financial reporting and analysis.
Related Books:
There are several books that can help a candidate prepare for the CIMAPRA19-F02-1 exam. Here are some of the books that we recommend:
- Advanced Financial Reporting: A Complete Guide to IFRS by Derry Cotter
- Financial
Reporting and Analysis: Using Financial Accounting Information by Charles H. Gibson
- IFRS: International Financial Reporting Standards Explained by PKF International Ltd
- Financial Reporting and Analysis: Using Financial Accounting Information by Gibson, Charles H.
These books cover the key topics and concepts that are tested in the CIMAPRA19-F02-1 exam, including IFRS and other financial reporting frameworks, financial statement analysis, and preparation of financial reports. It is also essential to practice past papers and sample questions to develop a better understanding of the exam format and the type of questions asked.
Conclusion:
The CIMAPRA19-F02-1 exam is a challenging exam that requires a solid understanding of financial reporting frameworks, principles, and concepts. To pass the exam, a candidate should have the ability to analyze and interpret financial reports and make recommendations based on them. They should also be able to prepare and present financial reports that comply with relevant reporting frameworks and regulations. We recommend that candidates prepare for the exam by studying the relevant materials, practicing past papers and sample questions, and seeking guidance from experienced professionals.