CIMA offers a business qualification with a finance focus, aiming to produce members with accounting prowess who are skilled in strategic decision-making. 98% of its members work in business, the highest proportion of any worldwide accountancy body. Paper F2 Financial Management replaces Paper P8 Financial Analysis. The syllabus is very similar to old Paper P8, but students will now meet elementary groups at Paper F1 level prior to studying F2. The syllabus specifically includes share-based payments and the emphasis of ratios has now changed from calculation to interpretation.The main syllabus areas have been changed to: * Group financial statements * Issues in recognition and measurement * Analysis and interpretation of financial accounts * Developments in external reportingThe Study Text focuses on the exam. It provides clear and detailed coverage of the syllabus. Exercises within each chapter cover both basic principles and more detailed issues. In the area of consolidation, these include both complex groups and changes in group structure during the year. Accounting standards are explained and their practical implementation illustrated and tested through appropriate questions.