I failed the F2 CBE exam by 3%. (47%) I went through all the Opentuition notes and online video lectures. Also I was referring to the BPP Self Study text and BPP Exam Revision Kit. In the CBE i never got a question relating to Investment Appraisal. Not even a MCQ from Investment Appraisal. I had prepared my self well for the Investment Appraisal question but, not even a single question from it. Theory area was not tested as well. So who ever planning on doing the CBE for F2 please do practise more on Calculations and Variance Analysis.