CIMA F1: Financial Reporting

Laws, standards, generally accepted accounting principles, and codes all regulate the preparation of financial statements. The regulations ensure that the financial statements of different entities are comparable and that they present a reasonably accurate picture of the performance, position, and prospects of the organisation to their users. This section covers who the regulators are, what they do, why, and how the regulations are applied. The objective is to provide candidates with a strong foundation for preparing and interpreting financial statements.

A. Regulatory environment of financial reporting
B. Financial statements
C. Principles of taxation
D. Managing cash and working capital
Our complete learning pack for CIMA F1 provides you with all the resources you need to pass your exam on your first attempt.

Lecture Videos

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Short Notes

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Online Quizzes & Mocks

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What is included in the course package?

Complete syllabus videos
Extensive exam practice questions
Tutor slides
Detailed notes
Online quizzes
Checkpoint progress tests
Essential reading articles
Active tutor support until your exam day

Will I need any other resources to prepare for exams ?

Our exam preparation package includes all the resources that you need to prepare and pass your exam. You will not need any other resoucres from any other source.

How will I plan my studies ?

We provide with interactive dynamic study planner. You will use software to create your own study plan by choosing study days, study hours, topics to be covered with courses start and end date. Our mobile app sends you notifications based on the study plan you created for yourself. You can edit or change your planner any time as well as put alarms on certain tasks.

What are the entry requirements ?

In order to study this module, you must have completed one of the following: - CIMA Certificate in Business Accounting - Degree in Business or Accounting - AAT Technician/Diploma Level 4

What is the Study Mode offered ?

This course is offered on a distance learning basis, with access to required study materials and unlimited support from your personal tutor via email. Study at your own pace, wherever and whenever you choose.

How assessment is done ?

Assessment During this course you will complete a number of progress tests and mock exams in preparation for your exam. You will need to sit an exam at the end of this module in order to achieve a pass in the Management Accounting E1 module. You will sit a computer based objective test comprising of a range of questions types. Exams are not included in the cost of this course. You will need to book your exams directly with CIMA.

Course Curriculum

Free Previews
3 Lessons
- Principles Versus Rules Based (21:13)
  Preview
- Introduction to Working Capital Investment (19:14)
  Preview
- Cash Operating Cycle (17:27)
  Preview
Chapter 1 - Regulatory Environment and Corporate Governance
7 Lessons
- 0. Introduction (9:19)
  Preview
- 3. Regulatory System (31:10)
  Preview
- 4. Other Influences on Financial Reporting (7:58)
  Preview
- 5. Standard Setting Process (7:06)
  Preview
- 6. CGMA Code of Ethics. Principles of Ethics and Threats to Principles (24:26)
  Preview
- Complete Study Notes
  Start
- Quiz - Regulatory Framework
  Start
Chapter 2 - The Conceptual Framework
6 Lessons
- 1. The Conceptual Framework - Part 1 (19:35)
  Start
- 2. Conceptual Framework - Scope (14:22)
  Start
- 3. Conceptual Framework - Qualitative Characteristics of Fin Info (11:27)
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- 4. Conceptual Framework - Elements of Accounting (01:05:35)
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- Complete Study Notes
  Start
- Quiz - Conceptual Framework
  Start
Chapter 3 - Non Current Assets
7 Lessons
- 1. Recognition and Initial Measurement (44:04)
  Start
- 2. Subsequent Measurement (18:24)
  Start
- 3. Revaluations and Disposals (37:29)
  Start
- 4. Introduction to Intangible Assets (19:23)
  Start
- 5. Treatment of Research and Development Cost (19:06)
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- Complete Study Notes
  Start
- Quiz - Non current assets
  Start
Chapter 4 - Leases
10 Lessons
- 1. Introduction (3:45)
  Start
- 2. IAS 17 and Off Balance Sheet Financing (18:24)
  Start
- 3. Sale and Lease Back Overview (04;21)
  Start
- 4. Overview of IFRS 16 (22:15)
  Start
- 5. Short Term Lease Exception (04:26)
  Start
- 6. Imapct on Lessee Accounting (05:52)
  Start
- 7. Measuring Lease Liability and Right of Use Asset (14:42)
  Start
- 9. Re-measurement of Lease Liability (18:11)
  Start
- Complete Study Notes
  Start
- Quiz - Leases
  Start
Chapter 5 - Other Accounting Standards
5 Lessons
- 1. IAS 36 - Impairment of Assets Lecture (33:20)
  Start
- 2. IAS 36 - Imapairment of Assets - Impairment Indicators (41:03)
  Start
- 3. IAS 36 - Reversal of Impairment (15:47)
  Start
- Complete Study Notes
  Start
- Quiz - Other accounting standards
  Start
Chapter 6 - Presentation of Published Financial Statements
3 Lessons
- Untitled Lesson
  Start
- Complete Study Notes
  Start
- Quiz - Presentation of published financial statements
  Start
Chapter 7 - Statement of Cash Flows
5 Lessons
- 1. Introduction to Statement of Cash Flow (09:47)
  Start
- 2. Structure of Cash Flow Statement (14:23)
  Start
- 3. Statement of Cash Flow - Direct Method (13:28)
  Start
- 4. Statement of Cash Flow - Indirect Method (13:56)
  Start
- Complete Study Notes
  Start
Chapter 8 - General Principles of Taxation
4 Lessons
- 1. Introduction to Tax System (17:22)
  Start
- 2. Definitions and Terminologies (20:15)
  Start
- Complete Study Notes
  Start
- Quiz - General principles of taxation
  Start
Chapter 9 - Direct Taxation
7 Lessons
- 1. Introduction to Direct Tax (25:13)
  Start
- 2. Calculating the Taxable Profit (15:00)
  Start
- 3. Capital Gain Tax, Capital Losses and Trading Losses (27:33)
  Start
- 4. Corporate Tax and Personal tax Interaction (7:21)
  Start
- 5. Employee Taxation (13:11)
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- Complete Study Notes
  Start
- Quiz - Direct taxation
  Start
Chapter 10 - Indirect and International Taxation
1 Lesson
- Complete Study Notes
  Start
Chapter 11 - Working capital and the operating cycle
6 Lessons
- 1. Introduction to Working Capital Investment (19:14)
  Start
- 2. Cash Operating Cycle (17:27)
  Start
- 3. Cash Operating Cycle and The Financial Ratios (25:52)
  Start
- 4. Over Trading versus Over Capitalization (33:45)
  Start
- Complete Study Notes
  Start
- Quiz - Working capital and the operating cycle
  Start
Chapter 12 - Receivables, Payables and Inventory
7 Lessons
- 1. Managing Inventories - Economic Order Quantity (39:56)
  Start
- 2. Order Quantity With Bulk Discount (23:32)
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- 3. ROL - Re Order Level and Buffer Inventory (21:17)
  Start
- 4. Introduction to Receivables Management (14:34)
  Start
- 5. Calculating Cost of Discount on Receivables and Payables (30:17)
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- Complete Study Notes
  Start
- Quiz - Receivables payables and inventory
  Start
Chapter 13 - Managing cash
7 Lessons
- 1. Introduction to Cash Flow and Working Capital Management (20:34)
  Start
- 2. Forecasting Cash Flow (28:21)
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- 3. Cash Flow Forecasting and Uncertainties (28:12)
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- 4. Treasury Management (13:12)
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- 5. Cash Management Baumol Model (12:26)
  Start
- 6. Cash Management Miller Orr Model (16:33)
  Start
- Quiz - Managing Cash
  Start

Course Pricing

CIMA F1 - Financial Reporting

$99 USD

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