F1 financial operations

This paper's core objectives are preparation of full financial statements for a single company and the principal consolidated financial statements for a simple group.

Coverage of a wide range of international standards is implicit in these objectives. The understanding the regulatory and ethical context of financial reporting is vital.

Principles of taxation are included.

Note: This paper forms part of the operational level. However, material included in any of the papers within the CIMA certificate in business accounting qualification may also be relevant for the purposes of assessment, in related subjects. Please see the syllabus for the CIMA certificate in business accounting.

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F1: financial operations (PDF 79KB).

Study resources
Sample exam papers, exam guides, useful articles , examinable legislation and reading lists for F1.

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