Financial Reporting - F1

Access Duration - 365 Days
Awarded By  Awarded By "CIMA"
Guided Learning Hour 10 Guided Learning Hours (10)
Course Material Course Material
Number of Modules 01 Number of Modules 01
4.4( 7 REVIEWS )

Awarded by

Trust Pilot rating with 1691 reviews
£ 59.00

What Will I Learn?

What are the necessary regulations, who are regulators and how are they applied?
Learn how to apply basic financial statements by bringing in the elements.
Learn the different types of taxes, how to distinguish between them and issues affecting taxation.
Learn how to continue operations and understand if enough funds are coming in. Where can the funds be accessed and how can you determine which type of finance is appropriate


After successfully completing the E1 course in the digital world, you will gain a comprehensive overview of how reporting is performed in financial terms with this course Financial Reporting (F1). You will learn concepts and practices related to financial statements, principles of taxation, as well as the conceptual frameworks and regulatory environment under which these financial reporting operates.

As you go along your path for your CIMA qualification in diploma in Management Accounting this is not just another stop along the way, but acquisition of multitude of skills required for employment after the CIMA qualification.

With our 100% support and commitment to your studies we can guarantee without any hesitation that you will successfully get through this unit F1, in order to reach your ultimate goal of CIMA qualification easily. Your ultimate success is our success.

Who is the CIMA Operational Level for?

  • School leavers
  • Students or members of other professional bodies
  • Undergraduates and graduates
  • Anyone with an interest in pursuing a career in management accountancy

Entry Requirement

  • CIMA certificate in Business Accounting, degrees in business or accounting or AAT Technician/Diploma level [level 4]
  • Why Choose Global Edulink?
  • Syllabus Structure
  • Assessment
  • Exam Details
  • Certification
  • Career Path
  • Excellent pass rate
  • Dedicated panel of instructors
  • High rate of passing for first-time students
  • Regulatory environment of financial reporting
  • Financial statements
  • Principles of taxation
  • Managing cash and working capital

This is an objective test. The objective test must be passed in order for learners to complete the syllabus module. Additionally, learners who wish to progress to the CIMA Operational Level qualification should also successfully pass this test.

The objective test must be passed before the learner books the case study exam.
This is an entry level finance exam that will allow the learner to demonstrate if they have acquired the relevant skills, techniques and knowledge to be displayed in that role. The exam will comprise of a computer-based objective test and 1 case study exam.

Objective Test

  • Format – Computer-Based
  • Duration – 90 Minutes
  • Results – Provisional results available followed by confirmation within 48 hours

(A score out of 150 is given, with 100 representing a Pass)

Operational level objective tests -  GBP110 (Tier 1 per exam)

Please Note : Official Exam is not provided, It should be purchased separately

Please note that the prices are subject to change by the The Chartered Institute of Management Accountants (CIMA) at any given time. The above price mentioned per objective test are at the time of writing only. You may check with the official CIMA website for latest updates in prices.
Upon the successful completion of the unit Financial Reporting - F1, learners can advance to the next unit of the Certificate in Business Accounting (CIMA Cert BA) Or If the learner has already completed other units, can apply to the final exam of Diploma in Management Accounting (CIMA Dip MA).

Upon completing this module syllabus, you will be one step closer to having a career in business and finance. While this module does not give you direct access to gain employment, you have the opportunity to take the rest of the modules in the CIMA Operational Level Certificate. A career in management accounting is waiting for you, and will provide a clear path to progress in your desired employment. Companies worldwide, irrespective of their size require the services and knowledge of management accountants. Management Accountants are marketable across multiple industries.

Management Accountant

Course Curriculum

2. F1: Financial Reporting
F1: Financial Reporting
Chapter 1 - Regulatory Environment Of Financial Reporting
Regulatory Environment
Professional Ethics
Corporate Governance
Chapter 2 - Financial Statements
IASB Conceptual Framework
IAS 1 Presentation Of Financial Reporting
IAS 16 Property, Plant And Equipment
IAS 36 Impairment Of Assets
IFRS 5 Non-Current Assets Held For Sale And Discontinued Operations
IAS 10 Events After The Reporting Period
IAS 2 Inventories
IFRS 16 Leases
IAS 7 Statement Of Cash Flows
Chapter 3 - Principles Of Taxation
Regulatory Environment And International Taxation
Chapter 4 - Managing Cash And Working Capital
Working Capital
Working Capital Management
Receivable Management
Problems Due To Failure In Working Capital Management

Students feedback


Average rating (7)
5 Star
4 Star
3 Star
2 Star
1 Star
    J S

    Jesse Shaw

    July 02, 2020
    Enjoyable course

    I thoroughly enjoyed the course.

    T G

    Tanner Grant

    June 29, 2020

    Awesome course. I had no previous knowledge of any of these topics but at the end of the course I was confident with the Accounting Language. I would recommend this to anyone to get a very comprehensive understanding of the language and techniques of accounting.

    B B

    Brett Black

    June 16, 2020
    Gained a lot of knowledge

    This course really helps me to understand the basic components in financial accounting and how financial statements are prepared and analysed. I have gained a lot of knowledge to know how an enterprise is doing financially, no I can help with managerial skills when it comes to take financial decisions.

    R R

    Raylee Rogers

    June 01, 2020
    Simple and informative

    This course illustrated in a very simple but informative way financial statements through practical, easy to understand examples.

    L W

    Leigh Wilkinson

    May 30, 2020
    Clear and articulate

    Very clear and articulate explanation of the concepts. The course curriculum covers all the major topics that I needed.

    P P

    Phoenix Pearson

    May 24, 2020

    It was an insightful course.

    N M

    Nicky Miller

    May 14, 2020
    Impressive platform

    On completion, I feel that I have a better understanding of accounting in general and that I am much better equipped to understand a company’s financial position from looking at their financial statements. The examples given are very helpful in understanding the materials.

£ 59.00
WhatsApp chat