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CIMA F1 exam is an important milestone for those pursuing a career in finance, accounting, or auditing. It is a comprehensive exam that tests the understanding of financial reporting concepts and principles. F1 exam is divided into two sections, each consisting of 60 multiple-choice questions. Students have two hours to complete each section, making a total of four hours for the entire exam. The pass mark for the exam is 50%.
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CIMA F1 exam covers various topics such as regulatory frameworks, ethical considerations, financial statements, international accounting standards, accounting concepts and principles, and many others. You will learn how to apply all these concepts and principles to real-life situations, and you will develop critical thinking skills that will allow you to interpret and analyze financial information.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Statements | 45% | - Statement preparation and IFRS application
|
| Topic 2: Principles of Taxation | 20% | - Taxation fundamentals
|
| Topic 3: Managing Cash and Working Capital | 25% | - Cash and working capital management
|
| Topic 4: Regulatory Environment of Financial Reporting | 10% | - Regulators and their role
|
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