CIMA C02 - Fundamentals of Financial Accounting
Paper C2 concentrates on building a basic understanding of financial accounting. The object is to give students a good grounding in double entry bookkeeping. Students will also learn the preparation of basic financial statements for sole traders, companies, non-profit making organisations and manufacturing accounts; an introduction to internal and external audit; and interpretation of accounts (cash flow statements and ratios). The main sections are:
- The conceptual and regulatory framework
- Accounting systems and accounts preparation
- Final accounts
- Audit
- Interpretation of accounts
All CIMA papers use international terminology and international financial reporting standards. There is no UK stream.
Paper C2 is examined by computer based assessment (CBA), which means that students can sit their CBA at any time during the year.
MCQ Cards (Certificate Only)
Price: £10.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751752427
The CBA for paper C2 includes multiple choice questions and objective test questions. However it is not always convenient to practice these types of questions on a computer. Therefore the C2 MCQ cards contain 100 multiple choice questions printed on passcard size cards. These are arranged in topics covering the whole syllabus and you can concentrate on one area, for example manufacturing accounts, or mix up the cards to simulate the assessment.
Study Text
Price: £30.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751752809
The C2 study text concentrates on the key areas of the syllabus and takes account of the examiner's guidance on how topics will be assessed. It includes a step-by-step approach to topics that students may find difficult, such as control account reconciliations and suspense accounts. There are lots of examples and questions in each Chapter to help you practice the techniques required. There are also quick quizzes in the assessment style at the end of each chapter. In addition, there is a question bank of computer based assessment style questions at the end of the text.
Practice & Revision Kit
Price: £16.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751751819
The most important factor in passing any assessment is plenty of question practice. The questions in the C2 kit cover all areas of the syllabus and are in the same order as the text chapters. They include separate banks of multiple choice questions (MCQs) and objective test questions. All are of assessment standard. Therefore students can tailor their question practice to concentrate on areas of weakness, such as basic bookkeeping or incomplete records, or dip into topics as they revise them. There are also two mock assessments to test the whole syllabus.
Passcards
Price: £10.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751751970
The C2 passcards are another important revision tool. Topics are dealt with in the same order as the text, with the cards summarising the key facts that you must know for the assessment. So, for example, the chapter on the accounts of unincorporated organisations gives the pro forma layouts of the financial statements, as well as reminding you how to deal with unique features of these accounts, such as the accumulated fund and bar profits.
i-Learn
Price: £40.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751752526
The C2 i-Learn helps you to look at topics from a different viewpoint and can give you a break if you are tired of reading. The interactive format enables you to study and practice topics such as double entry bookkeeping, bank reconciliations, control accounts, errors or accounts preparation. The programme will give you hints if you are stuck on a question and will give you feedback, helping you to understand where you went wrong.
i-Pass
Price: £30.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751752663
Paper C2 is examined by a computer based assessment and so it is important that you get used to answering questions in this way. The C2 i-Pass includes questions for each major area of the syllabus. You can concentrate on a particular area (such as errors and suspense accounts or preparation of financial statements), or have mixed topics loaded to practice your weaker areas. There is also a mock assessment to take just before you sit your CBA.
