CIMA F2 Formula Sheet
The key formulas for CIMA F2 (Advanced Financial Reporting) on a single A4 page, free to download and print. Built to the paper's current examinable scope.
F2 Formula Sheet · PDF · 1 page · A4 · print-ready
Download the F2 formula sheetUpdated 25 September 2026: the sheet has been re-typeset with proper maths symbols. If you printed an earlier copy, please download it again.
The formulas on the F2 sheet
The full sheet, reproduced as text so you can revise on screen. Last checked September 2026. Spotted an error? Report it and it will be corrected.
Goodwill on Acquisition
- Goodwill = Consideration transferred + NCI at acquisition − Fair value of net assets acquired
- Under the fair value (full goodwill) method
Non-Controlling Interest (NCI)
- NCI at acquisition (fair value method) = NCI % × Fair value of subsidiary at acquisition
- NCI at year end = NCI at acquisition + NCI % × Post-acquisition retained profit
Consolidated Retained Earnings
- = Parent's own retained earnings
- + Parent % × Subsidiary post-acquisition retained profit
- - Impairment of goodwill (if full goodwill method) × Parent %
- Adjust for unrealised intragroup profit and fair value depreciation adjustments
Deferred Tax (IAS 12)
- Temporary difference = Carrying amount − Tax base
- Deferred tax liability/asset = Temporary difference × Tax rate
Earnings Per Share
- Basic EPS = Profit attributable to ordinary shareholders ÷ Weighted average ordinary shares
- Diluted EPS = Adjusted earnings ÷ (Weighted avg shares + dilutive potential shares)
Ratio Analysis — Profitability & Efficiency
- ROCE = Profit before interest and tax ÷ Capital employed × 100
- Asset turnover = Revenue ÷ Capital employed
- Gross profit margin = Gross profit ÷ Revenue × 100
Ratio Analysis — Gearing
- Gearing ratio = Debt ÷ (Debt + Equity) × 100
- Interest cover = PBIT ÷ Interest expense
How to use it
A formula sheet is a revision aid, not a substitute for practice. Reading formulas builds recognition; applying them under time pressure builds recall, and it's recall the exam tests. The most effective way to use this sheet is alongside questions: attempt a question first, then check the sheet only when you're stuck, rather than working with it open in front of you.
Print it and keep it beside you while you work through F2 questions. Once you stop reaching for it, you know the formulas are in place.
Test yourself on F2 with 150 free practice questions, worked explanations for every answer, and a timed mock exam mode. Start F2 practice →
This sheet is an original compilation of standard formulas mapped to CIMA F2's current examinable scope. It is a revision aid only and is not a substitute for the official formulae and rates provided in your exam. Looking for another paper? See all CIMA formula sheets. GoQualified is not affiliated with CIMA.