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Last Updated: Jul 21, 2026

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CIMA F1 Practice Q&A's

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CIMA F1 exam is designed to test a candidate's knowledge and understanding of financial reporting principles and practices. This includes the preparation of financial statements, the interpretation of financial information, and the use of financial data for decision-making purposes.

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To prepare for the CIMA F1 exam, candidates should have a solid understanding of accounting principles, financial reporting standards, and financial analysis techniques. They should also be familiar with the various accounting software and tools that are commonly used in the industry. Candidates should also develop strong analytical and problem-solving skills, as well as good communication and teamwork abilities. F1 exam is computer-based and consists of 60 multiple-choice questions that must be answered within 90 minutes.

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CIMA F1 exam consists of 60 multiple-choice questions and is three hours in length. F1 exam is computer-based and is administered at Pearson VUE testing centers worldwide. Candidates must achieve a score of 70% or higher to pass the exam and earn the CIMA F1 certification.

CIMA F1 Exam Syllabus Topics:

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