CIMA F1 exam - in .pdf

F1 pdf
  • Exam Code: F1
  • Exam Name: Financial Reporting
  • Updated: Jul 29, 2026
  • Q & A: 247 Questions and Answers
  • PDF Price: $59.99
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  • Exam Code: F1
  • Exam Name: Financial Reporting
  • Updated: Jul 29, 2026
  • Q & A: 247 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
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CIMA F1 exam - Testing Engine

F1 Testing Engine
  • Exam Code: F1
  • Exam Name: Financial Reporting
  • Updated: Jul 29, 2026
  • Q & A: 247 Questions and Answers
  • Software Price: $59.99
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CIMA F1 Exam Syllabus Topics:

SectionWeightObjectives
Financial Statements45%- Preparation of single entity financial statements
  • 1. Statement of profit or loss
    • 2. Statement of cash flows
      • 3. Statement of changes in equity
        • 4. Statement of financial position
          - Interpretation and analysis of financial statements
          - Application of IFRS standards
          • 1. IAS 2 Inventories
            • 2. IAS 36 Impairment of Assets
              • 3. IFRS 16 Leases
                • 4. IAS 16 Property, Plant and Equipment
                  - Basic consolidated financial statements
                  The Regulatory Environment of Financial Reporting10%- Conceptual framework and regulatory bodies
                  - Ethics in financial reporting
                  - IFRS Foundation and IASB structure
                  - Principles vs rules-based regulation
                  Principles of Taxation20%- Deferred tax concepts
                  - Indirect taxes overview
                  - Current tax calculation
                  - Tax system and types of taxes
                  Managing Cash and Working Capital25%- Working capital cycle and objectives
                  - Management of receivables, inventory and payables
                  - Cash management and forecasting
                  - Short-term financing options

                  CIMA Financial Reporting Sample Questions:

                  1. Corporate governance is the means by which an entity is operated and


                  2. Which THREE of the following statements are true?

                  A) Balancing allowances reduce the taxable profit.
                  B) Tax depreciation replaces accounting depreciation when calculating the taxable profit.
                  C) Balancing charges reduce the taxable profit.
                  D) Balancing charges increase the taxable profit.
                  E) Tax depreciation increases the taxable profit.
                  F) Balancing allowances increase the taxable profit.


                  3. Which of the following is a characteristic of a defined contribution post-employment benefit scheme?

                  A) The amount of the post-employment benefits paid to former employees depends on how well the scheme's investments have performed.
                  B) The employer may take a contributions holiday and stop paying contributions for a period, if the scheme's assets appear to be more than are required to meet the scheme's obligations.
                  C) The employer would make additional contributions into the scheme if the actuary predicted a shortfall in the funds available to pay post-employment benefits.
                  D) The amount of the post-employment benefits paid to former employees is determined at the date of their retirement using a predefined formula.


                  4. Which THREE of the following are potential implications to a manufacturing business of holding insufficient inventory of raw materials?

                  A) Additional storage costs
                  B) Purchasing inventory at a higher price
                  C) Wasted production
                  D) Lost sales
                  E) Increased risk of obsolescence


                  5. STU commenced trading on 1 January. Total sales for the month of January were $250,000. which were 75% on credit and 25% for cash. Sales are expected to increase by 10% a month Irrecoverable debts are estimated to be 5% of credit sales Of the credit sales expected to pay, 50% pay in the month following the sale and the remaining 50% the month after.
                  The cash expected to be received in February is:

                  A) $157,813
                  B) $162,500
                  C) $151,563
                  D) $156,250


                  Solutions:

                  Question # 1
                  Answer: Only visible for members
                  Question # 2
                  Answer: A,B,D
                  Question # 3
                  Answer: A
                  Question # 4
                  Answer: B,C,D
                  Question # 5
                  Answer: A

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