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The CIMA F1 exam comprises of a three-hour assessment in which participants are required to answer 60 objective test questions. These questions explore areas such as interpretation of financial statements, preparation of financial statements, and international accounting standards (IAS). Furthermore, participants will be tested on their knowledge of the accounting framework and their ability to produce and evaluate financial statements.

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CIMA F1 exam covers a wide range of topics related to financial reporting, including financial statements, ratios and analysis, budgeting and forecasting, taxation, and auditing. F1 exam is designed to test candidates' knowledge and understanding of these topics, as well as their ability to apply them in real-world scenarios. It is also designed to ensure that candidates have a comprehensive understanding of the ethical and professional standards that are necessary for success in the accounting profession.

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CIMA F1 Exam Syllabus Topics: