F1: Financial Reporting
223 questionsF1 covers the preparation and analysis of financial statements, the regulatory environment for financial reporting, working capital and cash management, and the fundamentals of business taxation. This is the Financial pillar subject at Operational level, examined through a 90-minute objective test.
Topics
- Regulatory Environment
- Financial Statements
- Management of Working Capital and Cash
- Fundamentals of Business Taxation
Frequently Asked Questions
What topics are covered in CIMA F1?
F1 covers four areas: the regulatory environment for financial reporting, financial statements preparation and analysis, management of working capital and cash, and fundamentals of business taxation including corporation tax and VAT.
How is the F1 exam structured?
F1 is a 90-minute computer-based objective test containing 60 questions. Question types include multiple choice, multiple response, drag and drop, and number entry. It is available on demand at Pearson VUE test centres.
What is the pass mark for F1?
You need to score at least 70% to pass the F1 objective test. Results are available immediately after completing the exam.
How does F1 differ from BA3?
F1 builds on BA3 by going deeper into financial reporting standards, introducing more complex accounting treatments, and adding working capital management and taxation. If you found BA3 manageable, F1 extends those concepts to a professional level.