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Module Title
Advanced Financial Reporting CIMA F2

Consolidated group financial statements, recognition, measurement, analysis, current developments

SCQF Points20
ECTS Points10
CreatedAugust 2010
ApprovedMay 2014
Version No.1

This Version is No Longer Current
The latest version of this module is available here
Prerequisites for Module

To have passed the relevant first and second year modules or equivalent.

Corequisite Modules


Precluded Modules


Aims of Module

To prepare, analyse and interpret financial statements of organisations and groups. It includes understanding how to effectively sourcing long term finance required to fund the operations of organisations.

Learning Outcomes for Module

On completion of this module, students are expected to be able to:

1. Discuss types and sources of long-term finance for an incorporated entity and calculate a weighted average cost of capital (WACC) for an incorporated entity.
2. Produce consolidated primary financial statements, incorporating accounting transactions and adjustments, in accordance with relevant international accounting standards, in an ethical manner.
3. Demonstrate the impact on the preparation of the consoidated financial statement of certain complex group scenarios and discuss the need to and nature of disclosure of transactions between related parties and produce the disclosures for earnings per share.
4. Evaluate the financial performance, financial position and financial adaptability of an incorporated entity and discuss the limitations of ratio analysis.

Indicative Module Content

As per the CIMA F2 2015 Syllabus.

Indicative Student Workload

Contact Hours

Distance Learning
Virtual lectures, tutorials and workshops

Directed Study

Assessment preparation
Directed question practice
Directed research and reading

Private Study

Private study

Mode of Delivery

The mode of delivery is Distance Learning - with a focus on the use of interactive online activities such as forums and chat rooms.

Assessment Plan

Learning Outcomes Assessed
Component 1 1,2,3,4

Component one is the CIMA F2 Management level exam.

Indicative Bibliography

1.Guided and timely sources of literature available from the University library according to the subject matter under consideration.

Additional Notes

Core module material is provided, and includes material from, published by CIMA and Kaplan.

Robert Gordon University, Garthdee House, Aberdeen, AB10 7QB, Scotland, UK: a Scottish charity, registration No. SC013781