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The F1 exam is part of the CIMA qualification and focuses on financial reporting and the preparation of financial statements. It covers core concepts in financial accounting, principles, and the framework under which financial statements are prepared.
This exam is designed for individuals pursuing the CIMA qualification. It’s suitable for those who want to specialize in financial reporting and gain a deeper understanding of financial accounting principles.
The exam code for the CIMA Financial Reporting exam is F1.
The F1 exam assesses your ability to prepare and understand financial statements, apply accounting principles, and recognize the importance of financial reporting within a business.
The F1 exam is part of the CIMA Certificate in Business Accounting, which is the foundation level of the CIMA qualification, and it provides the essential knowledge needed for more advanced financial and management accounting subjects.
The F1 exam consists of a mix of multiple-choice and objective test questions. It is a computer-based exam designed to test both theoretical knowledge and practical application.
The F1 exam lasts for 2 hours.
The F1 exam typically consists of 60 multiple-choice questions.
The passing score for the F1 exam is usually 70%, but it may vary slightly depending on the specific version of the exam.
There are no formal prerequisites for the F1 exam, but it’s recommended that you have some foundational knowledge in accounting and finance.
Yes, the F1 exam can be taken online at an accredited Pearson VUE test center.
You will need a valid form of identification (e.g., passport or driver’s license) and any necessary confirmation emails or registration documents.
TESTED 28 Jan 2025
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