CIMA F1 Exam Details & Actual Exam Questions

  • Exam Code/Number: F1
  • Exam Name/Title: Financial Reporting
  • Certification Provider: CIMA
  • Corresponding Certification: CIMA Certification
  • Exam Questions: 247
  • Updated On: Sep,14 2026
  • Certification Level: Operational Level

CIMA Financial Reporting Exam Questions

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CIMA F1 Exam Overview:

Certification Vendor:CIMA (Chartered Institute of Management Accountants)
Exam Name:Financial Reporting
Exam Number:F1
Passing Score:100/150 (approximately 67%)
Real Exam Qty:60 objective test questions
Available Languages:English
Exam Duration:90 minutes
Related Certifications:CIMA Certificate in Business Accounting (Cert BA)
CIMA Operational Level
CGMA Designation
Certificate Validity Period:No fixed expiry for the qualification once achieved; progression required within CGMA route requirements
Exam Price:Varies by region (typically around £100–£150 GBP)
Exam Format:Objective Test (multiple choice / auto-marked questions), Computer-based exam
Recommended Training:CIMA Official Study Resources
Exam Registration:CIMA Official Exam Registration
Sample Questions:CIMA F1 Sample Questions
Exam Way:Computer-based exam via Pearson VUE test centres or online remote proctoring (where available)
Pre Condition:No formal prerequisites for entry, but typically part of CIMA CGMA Professional Qualification progression (Operational Level follows or is taken alongside other Operational papers)
Official Syllabus URL:https://www.cimaglobal.com/Qualifications/CGMA-Professional-Qualification/

CIMA F1 Exam Syllabus Topics:

SectionObjectives
Accounting Standards Application- Basic application of IFRS standards
  • 1. Revenue recognition principles
    • 2. Inventory valuation methods
      Financial Statement Analysis- Performance analysis
      • 1. Trend analysis
        • 2. Ratio analysis
          - Interpretation of financial information
          • 1. Assessment of profitability and liquidity
            • 2. Limitations of financial statements
              Financial Reporting Fundamentals- Financial Statements Preparation
              • 1. Statement of profit or loss and other comprehensive income
                • 2. Statement of cash flows basics
                  • 3. Statement of financial position
                    - Regulatory Framework
                    • 1. Conceptual framework for financial reporting
                      • 2. International Financial Reporting Standards (IFRS) principles


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