CIMA F1

CIMA F1 - Financial Reporting and Taxation

CIMA F1 covers the regulation and preparation of financial statements and how the information contained in them can be used. The competencies gained from F1 form the basis for developing further insights into producing and analysing complex group accounts (covered in F2) and formulating and implementing financial strategy (covered in F3).

CIMA E3

CIMA F1 - Financial Reporting and Taxation

CIMA F1 covers the regulation and preparation of financial statements and how the information contained in them can be used. The competencies gained from F1 form the basis for developing further insights into producing and analysing complex group accounts (covered in F2) and formulating and implementing financial strategy (covered in F3).

F1 FREE PRACTICE QUESTIONS

Thank you for signing up for Free F1 Practice Questions

This is a completely free version of our F1 packages. We want to show you in the best possible way, how this testing software works and what you can expect from us. 

Quick overview:

  • This page shows you exactly how our flagship F1 500Q&A package looks like from inside. 
  • Study mode: you get a free access to the 1st chapter from part C. We base our tests' structure on the Kaplan study book. Chapter 1 is called Short-term Finance and Investments and comprises 15 questions.
  • Exam mode: you can practice a mini mock under exam conditions (i.e. time-limited), that comprises 8 questions. You will have 12 minutes to complete it. 
  • Every question has a provided explanation: either straight away (applicable for study mode) or after the mock's completion.
  • Every test has a detailed results section.
  • We've grayed out the access to the parts that are included in our paid packages.

F1 Practice Tests - study mode:

Part A - REGULATORY ENVIRONMENT FOR FINANCIAL REPORTING AND CORPORATE GOVERNANCE - 10% - STUDY MODE

CIMA F1 Part A - Regulatory environment for financial reporting and corporate governance covers 10% of the syllabus.

On the completion of this Part, you should be able to: 

  1. Explain the need for and the process of regulating the financial reporting information of incorporated entities.
  2. Discuss the need for and key principles of corporate governance regulation.

CIMA F1 Part A has 46 questions in three subparts. You can practise answering questions from the whole section:

  Practise complete Part A - 46q 

You can also practise the subparts separately:

   A1 The Regulatory Environment - 17q

   A2 External Audit - 14q

   A3 Corporate governance - 15q


Completion checklist: To track your progress, you can use the checkboxes next to each button.

 

My best scores from F1 part A:
Quiz Date & Time User`s score Max Score % Score Passed Time Spent

If you have taken multiple tests and would like to see the details of each of them, then please go to the >>Tests Results<<.

Part C - MANAGEMENT OF WORKING CAPITAL, CASH AND SOURCES OF SHORT-TERM FINANCE - 20% - STUDY MODE

CIMA F1 Part C - Management of working capital, cash and sources of short-term finance covers 20% of the syllabus.

On the completion of this Part, you should be able to: 

  1. Describe the sources of short-term finance and cash investment.
  2. Evaluate the working capital position of an entity.
  3. Analyse the short-term cash position of an entity.

CIMA F1 Part C has 104 questions in five chapters. You can practise answering questions from the whole section:

  Practise complete Part C - 104q


Completion checklist: To track your progress, you can use the checkboxes next to each button.

You can also practise the chapters separately:

  C1 Short-term Finance and Investments - 15q

   C2 Working Capital Management - 23q

   C3 Working Capital - AR and AP - 21q

   >C4 Working Capital - Inventory Control - 20q

   C5 Working Capital - Cash Control - 25q

My best scores from F1 part C:
Quiz Date & Time User`s score Max Score % Score Passed Time Spent

If you have taken multiple tests and would like to see the details of each of them, then please go to the >>Tests Results<<.

Part D - FUNDAMENTALS OF BUSINESS TAXATION - 25% - STUDY MODE

CIMA F1 Part D - Fundamentals of business taxation covers 25% of the syllabus.

On the completion of this Part, you should be able to: 

  1. Discuss the types of taxation that typically apply to an incorporated entity and the regulatory environment for taxation.
  2. Explain the taxation issues that may apply to an incorporated entity that operates internationally.
  3. Produce computations for corporate income tax and capital tax.

CIMA F1 Part D has 125 questions in four chapters. You can practise answering questions from the whole section:

  Practise complete Part D - 125q

You can also practise the chapters separately:

   D1 Introduction to Business Taxation - 46q

   D2 Direct Taxes - 13q

   D3 Indirect taxes - 29q

   >D4 International Taxation and Administration - 37q


Completion checklist: To track your progress, you can use the checkboxes next to each button.

My best scores from F1 part D:
Quiz Date & Time User`s score Max Score % Score Passed Time Spent

If you have taken multiple tests and would like to see the details of each of them, then please go to the >>Tests Results<<.

F1 Mocks - exam mode:

CIMA F1 - MINI TRIAL MOCK EXAM (8 Q)

This Trial Mini MOCK consists of 8 challenging questions designed to replicate the real exam. Those questions are randomly taken from the F1 questions database.

The exam is using exam mode (meaning you see the results only after you submit the test). This MOCK exam is time-limited, you have only 12 minutes to answer 8q.

At the Results Page you will see your score and % split per each part (and even chapter) of the syllabus, so you will have a clear picture of what you are good at and what you need to improve. You can also view the questions and compare your answers with the correct ones by clicking on the Review button on the Results Page (after you complete this test).

This MOCK exam has the following split of questions:

  • 10% from Part A - Regulatory environment for financial reporting and corporate governance - 1q
  • 45% from Part B - Financial accounting and reporting - 3q
  • 20% from Part C - Management of working capital, cash and sources of short-term finance - 2q
  • 25% from Part D - Fundamentals of business taxation - 2q

My best scores for CIMA F1 Mini Trial Mock exam

Quiz Date & Time User`s score Max Score % Score Passed Time Spent

If you have taken multiple tests and would like to see the details of each of them, then please go to the >>Tests Results<<.

CIMA F1 - MOCK EXAM (UNIQUE 60 Q)

This is a full MOCK exam consisting of 60 challenging questions that are designed to replicate the real exam. These questions were written uniquely for this exam - you will not find them in any other F1 test. The number of questions in this MOCK was chosen according to the weights of the various topics in the syllabus; you can see the exact split below. It uses the exam mode, meaning that you will see the results only after completing the test. It is time-limited, with only 90 minutes to answer the 60 questions, so you will experience the time pressure that you will be under in the real exam. On the Results Page, you will see your score broken down by part (and even subpart) of the syllabus so that you will have a clear picture of the areas you are good at and where you still need to improve. You can also view the questions and compare your answers with the correct solutions by clicking on the Review button on the Results Page.

This MOCK exam has the following split of questions:

  • 10% from Part A - Regulatory environment for financial reporting and corporate governance - 6q
  • 45% from Part B - Financial accounting and reporting - 27q
  • 20% from Part C - Management of working capital, cash and sources of short-term finance - 12q
  • 25% from Part D - Fundamentals of business taxation - 15q

  F1 Mock Exam with unique 60 questions

My best scores for CIMA F1 mock exam with unique 60q

Quiz Date & Time User`s score Max Score % Score Passed Time Spent

If you have taken multiple tests and would like to see the details of each of them, then please go to the >>Tests Results<<.

Want to practise more?

That's great news! Here's what we have prepared for you:

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Get F1 Single Mock

> unlock set of 60 questions
> time-limited to 90 mins 
> mimics real exam
> access given for 90 days

F1 500 Q&A package

> unlock set of 500 questions 
> study mode + exam mode 
> mimics real exam
> access given for 180 days

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A Brief Overview Of
CIMA F1 Features

Additionally, all our products are:

Mobile Responsive

You can study on the go, anytime & anywhere. 

User Friendly

On each page you have sidebar menus to help you navigate through the tests and pages.

Tutored Facebook Group

Possibility to join a private Facebook Group built for PTA members, where you can exchange with other CIMA students and ask any F1 questions you have (this forum is monitored by CIMA tutors).

Money Back Guarantee and Pass Assurance

F1 500 Q&A and Complete F1 course come with the 7-Day Money Back Guarantee and Pass Assurance (more details here). 

 

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