100% Money Back Guarantee

2Pass4sure has an unprecedented 99.6% first time pass rate among our customers. We're so confident of our products that we provide no hassle product exchange.

  • Best exam practice material
  • Three formats are optional
  • 10+ years of excellence
  • 365 Days Free Updates
  • Learn anywhere, anytime
  • 100% Safe shopping experience

F1 Desktop Test Engine

  • Installable Software Application
  • Simulates Real F1 Exam Environment
  • Builds F1 Exam Confidence
  • Supports MS Operating System
  • Two Modes For F1 Practice
  • Practice Offline Anytime
  • Software Screenshots
  • Total Questions: 247
  • Updated on: Sep 13, 2026
  • Price: $69.00

F1 PDF Practice Q&A's

  • Printable F1 PDF Format
  • Prepared by CIMA Experts
  • Instant Access to Download F1 PDF
  • Study Anywhere, Anytime
  • 365 Days Free Updates
  • Free F1 PDF Demo Available
  • Download Q&A's Demo
  • Total Questions: 247
  • Updated on: Sep 13, 2026
  • Price: $69.00

F1 Online Test Engine

  • Online Tool, Convenient, easy to study.
  • Instant Online Access F1 Dumps
  • Supports All Web Browsers
  • F1 Practice Online Anytime
  • Test History and Performance Review
  • Supports Windows / Mac / Android / iOS, etc.
  • Try Online Engine Demo
  • Total Questions: 247
  • Updated on: Sep 13, 2026
  • Price: $69.00

There is no waiting period at 2Pass4sure. Once your order is placed, the F1 practice questions for the CIMA Financial Reporting arrive in your mailbox within a minute, and you can install the material on as many computers as you need.

CIMA F1 Exam Overview:

Certification Vendor:CIMA (Chartered Institute of Management Accountants)
Exam Name:Financial Reporting
Exam Number:F1
Related Certifications:CIMA E1 Managing Finance in a Digital World
CIMA OCS Operational Case Study
CIMA P1 Management Accounting
Real Exam Qty:60
Passing Score:Scaled score of 100 out of 150 (≈67%)
Exam Duration:90 minutes
Exam Format:Multiple choice, Drag-and-drop, Computer-based objective test, Fill-in-the-blank (number entry), Multiple response
Available Languages:English
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based objective test available on demand at Pearson VUE test centres worldwide or online
Pre Condition:Completion of CIMA Certificate in Business Accounting (Cert BA) or equivalent foundational accounting qualification recommended
Official Syllabus URL:https://hub.cimaglobal.com/proqual/2019/operational/F1

CIMA F1 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Financial Statements45%- Statement preparation and IFRS application
  • 1. Prepare statement of financial position
  • 2. Statement of changes in equity and cash flows
  • 3. Prepare statement of profit or loss and other comprehensive income
Topic 2: Managing Cash and Working Capital25%- Cash and working capital management
  • 1. Receivables, payables and inventory management
  • 2. Working capital cycle and liquidity ratios
Topic 3: Regulatory Environment of Financial Reporting10%- Regulators and their role
  • 1. Corporate governance and ethical framework
  • 2. Role of IASB and IFRS Foundation
Topic 4: Principles of Taxation20%- Taxation fundamentals
  • 1. Tax implications and issues affecting taxation
  • 2. Types of tax and direct tax principles

CIMA F1 Exam — Answers to Your Questions

The CIMA Financial Reporting (exam code F1) is the exam you pass to earn the CIMA Certification certification, a credential at the Operational (Professional Qualification) level. It is also connected with related credentials such as CIMA E1 Managing Finance in a Digital World, CIMA P1 Management Accounting, CIMA OCS Operational Case Study. If you are mapping out a certification path with CIMA, this exam is a milestone worth planning around.

The F1 exam includes 60 questions, and you have 90 minutes to complete them. With that many questions on the clock, pacing is part of the challenge: divide your time into rough blocks as you go, and flag the items that stall you so you can circle back at the end instead of burning minutes on a single question. A week or two before your exam date, sit at least one full timed session in the 2Pass4sure test engine under the same time limit, so the pace feels familiar rather than frantic on the day.

Completion of CIMA Certificate in Business Accounting (Cert BA) or equivalent foundational accounting qualification recommended

Eligibility rules can be adjusted by CIMA over time, so before you register, confirm the current requirements on the official exam page: view the official F1 exam information.

Yes. 2Pass4sure offers a free PDF demo of the F1 practice questions, so you can judge the quality of the material firsthand before paying anything. Every purchase also includes 365 days of free updates — if CIMA changes the exam during that year, your material changes with it. And when the free update period expires, you can extend it at a 50% discount from within your member zone.

Every F1 purchase at 2Pass4sure is backed by a 100% Money Back Guarantee: if you take the corresponding exam within 60 days of your purchase and do not pass, you can apply for a full refund. The guarantee has clear conditions — it does not apply if you sit the exam within 3 days of purchase, if you downloaded the material but never actually took the exam, or to free materials and expired orders, and the candidate name must match the payer name. To file a claim, send a scan of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam; claims are processed within 7 days. If you would rather not take a refund, you can exchange the product instead and receive two additional exam preparation products of equal value for free, while your original product keeps its update service. Delivery itself is instant: your material is available for download right after payment and is also sent to your email within one minute — if it has not arrived within 2 hours, contact our customer service. There is no limit on how many computers you can install it on.

The official CIMA Financial Reporting outline divides the exam content into 4 main domains. The first three are:

  • Managing Cash and Working Capital — 25%
  • Principles of Taxation — 20%
  • Financial Statements — 45%

That is only the headline view — scroll back up to the Exam Topics section on this page for the complete domain-by-domain breakdown before you plan your study schedule.

CIMA Financial Reporting Sample Questions:

Which of the following is NOT an appropriate description of the meaning of the term incidence of tax?

  • A. It refers to the distribution of the tax burden.
  • B. It only relates to the person or entity that actually pays the tax authorities.
  • C. It can be formal or actual.
  • D. It relates to the person or entity that ultimately bears the cost of the tax.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

At 31 December 20X4 the directors of MNO decide to revalue its property. Before revaluation adjustments the balances relating to property are as follows:

The property has been revalued at $1,600,000.
How much will be included within MNO's statement of financial position at 31 December 20X4 for revaluation surplus?

  • A. $400,000
  • B. $1,190,000
  • C. $1,600,000
  • D. $810,000
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

XYZ operates in Country A where tax rules state that entertaining costs and donations to political parties are disallowable for tax purposes.
XYZ calculated both its accounting and taxable profits for the year ended 31 December 20X2 after deducting
$10,000 of entertaining costs.
It is considering what impact the ruling that "entertaining costs are disallowable for tax purposes" will have on its two profit figures.
Which of the following correctly states the impact of the ruling on the profits already calculated?

  • A. Both accounting and taxable profits will increase by $10,000.
  • B. Both accounting and taxable profits will decrease by $10,000.
  • C. Accounting profit will decrease by $10,000 and taxable profit will increase by $10,000.
  • D. Accounting profit will not be affected but taxable profit will increase by $10,000.
Reveal Solution  Discussion  0

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 amount that will be shown as the share of profit of associate in PQ's consolidated statement of profit or loss for the year ended 31 December 20X0.

  • A. $4,000
  • B. $2,000
  • C. $3,200
  • D. $10,000
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

EFG purchased an asset on 1 January 20X5 for $24,000. On that date its useful life was 5 years and residual value was expected to be nil. EFG calculates depreciation on a pro-rata basis.
The asset is reclassified as held for sale on 1 October 20X8 and is unsold on 31 December 20X8.
It is expected that the asset will be sold for S6;300 and that selling costs will be S500.
What is the amount that this asset will be included at in EFG's statement of financial position at 31 December 20X8?
Give your answer to the nearest $.

Reveal Solution  Discussion  0

Correct Answer:

$5,800

1052 Customer ReviewsCustomers Feedback (* Some similar or old comments have been hidden.)

passed the exam F1 97% today. the paper still valid. thx for your effort

Avery

Avery     4 star  

I found 2Pass4sure Study Guide as the most comprehensive and packed with information. It imparted to me the most relevant information in the form of questions and answers. I Passed F1 with my targeted score!

Nina

Nina     5 star  

All CIMA questions in your material, we study this only 2 days.

Horace

Horace     5 star  

The exam questions from your F1 practice dumps were very helpful and 95% were covered.Thanks!

Diana

Diana     5 star  

When the scores come out, I know I have passed my F1 exam, I really feel happy. Thanks for providing so valid F1 dump!

Philipppa

Philipppa     5 star  

Thank you so much 2Pass4sure for all my success and achievements!
I have tried many study guides for this F1 exam.

Heloise

Heloise     4.5 star  

Encountered 5 new questions, but F1 exam not too difficult. Pass successfully! Cheer!

Toby

Toby     5 star  

I’ve spent so much time for searching decent F1 exam dumps, and i found that 2Pass4sure has the latest exam questions and answers. I passed the exam with them. Believe me, it is worthy to buy!

Sophia

Sophia     4 star  

Thanks a lot for all great help.

Barnett

Barnett     5 star  

2Pass4sure study guide best facilitates its customers with authentic and to the point content!Learning 2Pass4sure QandAs for exam F1 was Passed exam F1 with a marvelous score!

Maurice

Maurice     4 star  

I just pass my F1 exam yesterday and score high.

Sheila

Sheila     4 star  

I passed yesterday this F1 dump is valid. 2 new questions but im sure i answered those right anyway.

Arno

Arno     5 star  

Trust me, my friend. This F1 material is realiable. Do not hesitate.

Cornell

Cornell     4 star  

2Pass4sure is a good choice for you gays to get help for your exams. I am a highly satisfied user of the F1 exam questions.

Zenobia

Zenobia     4 star  

Very satisfactory. Thanks a lot. F1 dump is useful for me. Passed.

Jerome

Jerome     4.5 star  

Just got the latest F1 exam questions.

Ken

Ken     4.5 star  

LEAVE A REPLY

Your email address will not be published. Required fields are marked *

Related Exams

Instant Download F1

After Payment, our system will send you the products you purchase in mailbox in a minute after payment. If not received within 2 hours, please contact us.

365 Days Free Updates

Free update is available within 365 days after your purchase. After 365 days, you will get 50% discounts for updating.

Porto

Money Back Guarantee

Full refund if you fail the corresponding exam in 60 days after purchasing. And Free get any another product.

Security & Privacy

We respect customer privacy. We use McAfee's security service to provide you with utmost security for your personal information & peace of mind.