CIMA F1 Financial Reporting
About This Course
What do you learn in F1?
- Who the regulators are, what they do and why and how regulations are applied.
- How to prepare basic financial statements using financial reporting standards.
- How to distinguish between types of taxes, calculate corporation taxes and issues affecting taxation.
- What tools are used to ensure that the organisation has enough cash to ensure its continuing operations.
Learning Objectives
By passing the CIMA Operational level, you will gain the CIMA Diploma in Management Accounting
Operational level is the first level of the CIMA Professional Qualification and consists of three subject areas.
What do you learn at Operational Level?
The Operational level focuses on short term decision making. You’ll be able to work with others in your organisation and use appropriate data and technology to translate medium term decisions into short term actionable plans.
Part – Qualified designatory letters CIMA Dip MA
After successfully completing the level, you are awarded with the part-qualified designatory letters ‘CIMA Dip MA’ and are ready to embark upon your Management Level journey.
Material Includes
- -Online Notes
- -Quizzes
- -Questions and Answers Online
Requirements
- Must be registered with CIMA
- Must have passed or been exempted from the CIMA Certificate in Business Accounting
Target Audience
- Middle level accountants
- Graduates
- Professional Accountants at Technician Level who want to have upward mobility in their career
Curriculum
22h
CIMA F1-A: Regulatory environment of financial reporting
By the end of this topic, you will be able to:
1. Identify regulators and describe their role.
2. Apply corporate governance principles to financial reporting.
1. Identify regulators and describe their role.
2. Apply corporate governance principles to financial reporting.
CIMA F1-B: Financial statements
By the end of this topic, you will be able to:
1. Identify the main elements of financial statements.
2. Explain specific financial reporting standards.
3. Apply financial reporting standards to prepare basic financial statements.
1. Identify the main elements of financial statements.
2. Explain specific financial reporting standards.
3. Apply financial reporting standards to prepare basic financial statements.
CIMA F1-C: Principles of taxation
By the end of this topic, you will be able to:
1. Distinguish between different types of taxes.
2. Calculate tax for corporates.
3. Explain some relevant issues that affect taxation.
1. Distinguish between different types of taxes.
2. Calculate tax for corporates.
3. Explain some relevant issues that affect taxation.
CIMA F1-D: Managing cash and working capital
By the end of this topic, you will be able to:
1. Distinguish between the types and sources of short-term finance.
2. Explain and calculate operating and cash cycles.
3. Apply different techniques used to manage working capital.
1. Distinguish between the types and sources of short-term finance.
2. Explain and calculate operating and cash cycles.
3. Apply different techniques used to manage working capital.
Earn a certificate
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