Only a few weeks left before your CIMA Financial Reporting exam date? Don't panic. The 247 practice questions from CertkingdomPDF are organized around what the F1 exam actually tests, so even a compressed study plan stays on target.
CIMA F1 Exam Overview:
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
|---|---|
| Exam Name: | Financial Reporting |
| Exam Number: | F1 |
| Available Languages: | English |
| Real Exam Qty: | 60 |
| Exam Format: | Multiple Response, Objective Test, Multiple Choice, Number Entry, Drag and Drop |
| Certificate Validity Period: | No expiry (module credit valid while qualification active) |
| Passing Score: | 100 out of 150 scaled score (~67%) |
| Exam Duration: | 90 minutes |
| Exam Price: | £110 / $135–$150 USD (varies by region) |
| Related Certifications: | CIMA Professional Qualification CGMA (Chartered Global Management Accountant) |
| Recommended Training: | Official CIMA Study Materials CIMA Approved Learning Partners |
| Exam Registration: | Pearson VUE Exam Scheduling Official CIMA Registration & Booking |
| Sample Questions: |  |
| Exam Way: | Computer-based, on-demand at Pearson VUE test centers or online proctored |
| Pre Condition: | CIMA Certificate in Business Accounting (Cert BA) or relevant degree / professional qualification for exemption; basic English and mathematics proficiency |
| Official Syllabus URL: | https://www.cimaqualification.com/operational-level/f1-financial-reporting |
CIMA F1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Statements | 45% | - Interpretation and analysis of financial statements - Basic consolidated financial statements - Application of IFRS standards
|
| The Regulatory Environment of Financial Reporting | 10% | - Ethics in financial reporting - Conceptual framework and regulatory bodies - IFRS Foundation and IASB structure - Principles vs rules-based regulation |
| Managing Cash and Working Capital | 25% | - Management of receivables, inventory and payables - Short-term financing options - Working capital cycle and objectives - Cash management and forecasting |
| Principles of Taxation | 20% | - Deferred tax concepts - Current tax calculation - Indirect taxes overview - Tax system and types of taxes |
CIMA Financial Reporting Exam FAQ Hub
Registering for the CIMA Financial Reporting exam costs £110 / $135–$150 USD (varies by region), and you need 100 out of 150 scaled score (~67%) to pass. One detail worth remembering: a failed attempt is not discounted — retaking the exam means paying £110 / $135–$150 USD (varies by region) again in full. Use the CertkingdomPDF test engine to benchmark yourself first; when your mock results consistently clear 100 out of 150 scaled score (~67%), you are ready to book.
The F1 exam is CIMA's official test for the CIMA Diploma in Management Accounting (CIMA Dip MA), CIMA Operational Level credential, a certification at the Operational level. Earning it tells employers your skills have been verified by the vendor itself, which carries real weight in hiring and promotion decisions. Within the same certification track, it sits alongside CIMA Professional Qualification, CGMA (Chartered Global Management Accountant), so it can also serve as a stepping stone toward those credentials.
CIMA divides the CIMA Financial Reporting exam into 4 domains. The largest ones are The Regulatory Environment of Financial Reporting at 10%, Financial Statements at 45%, Managing Cash and Working Capital at 25% — together these account for the bulk of your score, so start there. The complete domain-by-domain outline appears in the exam topics section above on this page.
If I fail the CIMA Financial Reporting exam, what are my options? And how fast do I get the product?
Two layers of protection here. First, delivery: your F1 product is available for instant download, and a copy lands in your email within one minute of payment — if 2 hours pass with nothing (check spam first), our support team will resend it. There is no cap on how many computers you can install it on. Second, the refund policy: if you take the F1 exam within 60 days of purchase and fail, you may claim a full refund. The claim needs a scanned enrollment slip plus your official Score Report PDF, filed within 2 days after the exam, and it is settled within 7 days. The policy covers only the corresponding exam — attempts within 3 days of purchase, exams never actually taken, free materials, and expired orders are excluded, and the candidate's name must match the payer's. If you would rather keep studying, you can instead exchange your product for two free exam products of equal value and keep the update service on your original purchase.
You will face 60 questions in 90 minutes on the CIMA Financial Reporting exam. Do the math and the per-question budget is tight, which is why pacing drills matter as much as content review. Our advice: take two or three full timed mocks in the CertkingdomPDF engine before the real thing, and practice skipping a stubborn question instead of burning five minutes on it.
Yes — CIMA lists these official training options for CIMA Financial Reporting candidates:
Formal training teaches the syllabus; then the 247 practice questions from CertkingdomPDF show you whether that knowledge holds up under real exam conditions.
Of course. CertkingdomPDF publishes a free PDF demo for the CIMA Financial Reporting exam so you can review real sample questions and answers first. Every purchase also includes 365 days of free updates, and after that period you can renew the update service at a 50% discount directly from your member zone.
CIMA Certificate in Business Accounting (Cert BA) or relevant degree / professional qualification for exemption; basic English and mathematics proficiency Eligibility rules are set by CIMA and do change from time to time, so double-check the latest requirements on the official exam page at https://www.cimaqualification.com/operational-level/f1-financial-reporting before you register.
Registration for the F1 exam runs through these official channels:
As for how you will actually sit the exam: Computer-based, on-demand at Pearson VUE test centers or online proctored. Choose whichever delivery option suits your setup when you book.
CIMA Financial Reporting Sample Questions:
What does the deduction method of giving double taxation relief mean?
- A. Tax relief is gained by deducting the foreign tax from the foreign income so that only the "net" amount will be subject to tax in the country of residency.
- B. Tax paid in one country may be allowed as a tax deduction another country. Relief is normally restricted to the lower of the foreign or country of residency tax.
- C. Tax paid in one country may be allowed as a tax credit in another country. Relief is normally restricted to the higher of the foreign or country of residency tax.
- D. Tax relief is gained by adding the foreign tax from the foreign income so that the gross amount will be subject to tax in the country of residency.
Correct Answer: A 🗳️
Statements of financial position as at 31 December 20X8 for JK, LM and PQ are as follows:
[1] JK purchased 80% of LM's $1 equity shares on 1 January 20X8 for $260,000 when the retained earnings of JK were $110,000. At that date the non-controlling interest had a fair value of $63,000.
[2] JK purchased 25% of PQ's $1 equity shares on 1 January 20X8 for $90,000 when the retained earnings of PQ were $96,000.
[3] During the year JK sold goods to LM for $32,000 at a mark up of 33.33% on cost. Half of the goods were still in LM's inventory at 31 December 20X8.
[4] LM transferred $32,000 to JK on 30 December 20X8 in settlement of the inter-group trade. JK did not record the cash in its financial records until 2 January 20X9.
Calculate the value of inventory that would be included in JK's consolidated statement of financial position at 31 December 20X8.
Give your answer to the nearest $.
Correct Answer:
$224000
AA manufactures computers. These are sold to BB at $100 a computer plus a 5% sales tax. BB subsequently sells the computers to CC for $200 a computer plus a 5% sales tax. C sells the computers to customers at $300 a computer plus a 5% sales tax.
The total tax received by the tax authority is $30.
Which type of tax is described above?
- A. Retail tax
- B. Multi-stage cumulative sales tax
- C. Single-stage sales tax
- D. Value added tax
Correct Answer: B 🗳️
MNO is a commercial bank. One of MNO's clients is FGH, a trading company which sells goods to PQR.
MNO is asked to draw up an instrument between FGH and PQR in respect of goods sold FGH then asks MNO to sell this instrument on its behalf in the discount market MNO does this and pays the proceeds to FGH.
What source of short-term finance is being described here?
- A. Factoring
- B. Bill of exchange
- C. Certificate of deposit
- D. Overdraft
Correct Answer: B 🗳️
JKL prepares its financial statements to 31 December each year. For the year ended 31 December 20X5 inventory was held for 76 days on average.
The directors of JKL decide to reduce the average inventory level to $6.5 million from 1 January 20X6 JKL's revenue for 20X6 is $54 million on which a gross profit margin of 20% is earned.
Assuming that the average receivables and payables days remain constant what will be the effect of the expected reduction in inventory on JKL's working capital cycle for the year ended 31 December 20X6?
- A. An increase of 32 days
- B. An increase of 21 days
- C. A reduction of 32 days
- D. A reduction of 21 days
Correct Answer: B 🗳️
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