The CIMA certificate stands out among the numerous certificates because its practicability and role to improve the clients' stocks of knowledge and practical ability. Owning a test CIMA certificate equals owning a weighty calling card when the clients find jobs and the proof that the clients are the competent people. Our F1 quiz prep is the great option for the clients to prepare for the test. Our F1 study materials boost high passing rate and hit rate. Our clients praise them highly after they use them and recognize them as the key tool to pass the CIMA certification. We are never satisfied with the present situation and expand and update the F1 exam practice guide by all means. We focus on the innovation and organize our expert team to compile new knowledge points and update the test bank. We treat our clients as our god and treat their supports to our F1 study materials as our driving forces to march forward.
Be convenient for reading and support the printing
Our PDF version of our F1 exam practice guide is convenient for the clients to read and supports the printing. If the clients use our PDF version they can read the PDF form conveniently and take notes. The F1 quiz prep can be printed onto the papers. If the clients need to take note of the important information they need they can write them on the papers to be convenient for reading or print them on the papers. The clients can read our F1 study materials in the form of PDF or on the printed papers. Thus the clients learn at any time and in any place and practice the F1 exam practice guide repeatedly.
Pay high attentions to innovation
Our company pays high attentions to the innovation of our F1 study dump. We constantly increase the investment on the innovation and build an incentive system for the members of the research expert team. Our experts group specializes in the research and innovation of our F1 exam practice guide and supplements the latest innovation and research results into the F1 quiz prep timely. Our experts group collects the latest academic and scientific research results and traces the newest industry progress in the update of the F1 study materials. Then the expert team processes them elaborately and compiles them into the test bank. Our system will timely and periodically send the latest update of the F1 exam practice guide to our clients. So the clients can enjoy the results of the latest innovation and achieve more learning resources. The credits belong to our diligent and dedicated professional innovation team and our experts.
Considerate online customer service
Before and after our clients purchase our F1 quiz prep we provide the considerate online customer service. The clients can ask the price, version and content of our F1 exam practice guide before the purchase. They can consult how to use our software, the functions of our F1 quiz prep, the problems occur during in the process of using our F1 study materials and the refund issue. Our online customer service personnel will reply their questions about the F1 exam practice guide and solve their problems patiently and passionately. In case the clients encounter the tricky issues we will ask our professional IT personnel to provide the long-distance assistance. Please take it easy and don't worry that our customer service staff will be offline because our customer service staff works for the whole day and the whole year. So the clients can enjoy our considerate and pleasant service and like our F1 study materials.
CIMA F1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Managing Cash and Working Capital | 25% | - Cash management and forecasting - Working capital cycle and objectives - Management of receivables, inventory and payables - Short-term financing options |
| Topic 2: Principles of Taxation | 20% | - Indirect taxes overview - Deferred tax concepts - Tax system and types of taxes - Current tax calculation |
| Topic 3: The Regulatory Environment of Financial Reporting | 10% | - Principles vs rules-based regulation - Ethics in financial reporting - IFRS Foundation and IASB structure - Conceptual framework and regulatory bodies |
| Topic 4: Financial Statements | 45% | - Interpretation and analysis of financial statements - Preparation of single entity financial statements
- Application of IFRS standards
|
CIMA Financial Reporting Sample Questions:
LM is preparing its cash forecast for the next three months.
Which of the following items should be left out of its calculations?
- A. Rental payment on a leased vehicle.
- B. Expected loss on the disposal of a piece of land.
- C. Tax payment due, that relates to last year's profits.
- D. Receipt of a new bank loan raised for the purpose of purchasing new machinery.
Correct Answer: B 🗳️
From the list below identify the item that appears in the statement of financial position.
- A. The amount of loans repaid during the year.
- B. The amount of interest charged on loans during the year.
- C. The amount of interest actually paid during the year.
- D. The amount of loans outstanding at the year end.
Correct Answer: D 🗳️
UV's financial statements for the year ended 31 March 20X8 were approved for publication on 30 June 20X8.
In accordance with IAS 10 Events After the Reporting Period, which of the following material events would have been classified as a non-adjusting event in these financial statements?
- A. On 1 June 20X8 UV was awarded damages of $70,000 in respect of a legal claim that it had made against the local government authority in October 20X7.
- B. On 10 April 20X8 UV received a communication stating that one of its customers had ceased trading and gone into liquidation. The balance outstanding at 31 March 20X8 was unlikely to be paid.
- C. On 1 June 20X8 UV's auditors discovered that an error in valuation had caused the closing inventory to be overvalued by $150,000.
- D. On 28 April 20X8 a fire destroyed half of UV's main production facility. Output was severely reduced for six months.
Correct Answer: D 🗳️
Which of the following is NOT a reason why financial reporting information needs to be regulated?
- A. So that potential investors can compare the financial information of different companies.
- B. So that a bank can assess the amount of finance it is prepared to lend to a company.
- C. So that shareholders of a quoted company can make informed decisions about their investments
- D. So that the managers of a company can make decisions about its operations.
Correct Answer: D 🗳️
The statement of profit or loss for PQ, ST and AB for the year ended 31 December 20X0 are shown below:
1. PQ acquired 80% of its subsidiary, ST, on 1 January 20X0 and 40% of its associate, AB, on 1 September 20X0.
2. Since acquistion PQ has sold goods to ST and AB for $20,000 and $30,000 respectively. At the year end both ST and AB have 50% of these goods remaining in inventory. PQ uses a mark-up of 20% on all of its sales.
3. Since acquisition the goodwill in respect of ST has been impaired by $8,000 and the investment in AB has been impaired by $2,000.
4. PQ uses the fair value method for non-controlling interest at acquisition.
Calculate the profit attributable to the non-controlling interests disclosed in PQ's consolidated statement of profit or loss for the year ended 31 December 20X0.
Give your answer to the nearest whole $.
Correct Answer:
$8000
855 Customer Reviews
