Functional Features

Our F1 exam questions can meet your needs to the maximum extent, and our learning materials are designed to the greatest extent from the customer's point of view. So you don't have to worry about the operational complexity. As soon as you enter the learning interface of our system and start practicing our F1 learning materials on our Windows software, you will find small buttons on the interface. These buttons show answers, and you can choose to hide answers during your learning of our F1 exam quiz so as not to interfere with your learning process. You can click these buttons to proofread your answers after you finish your studies. If you want to record important content, we also provide enough space for you to take notes. In short, you will find the functionality and practicality of our F1 exam questions during the learning process. We will also continue to innovate and improve functionality to provide you with better services.

Choosing our F1 exam quiz will be a wise decision that you make, because this decision may have a great impact in your future development. Having the certificate may be something you have always dreamed of, because it can prove that you have certain strength. Our F1 exam questions can provide you with services with pretty quality and help you obtain a certificate. Our learning materials are made after many years of practical efforts and their quality can withstand the test of practice. Therefore, our F1 learning materials can help you get a great financial return in the future and you will have a good quality of life.

DOWNLOAD DEMO

Versions Can Meet Different Needs

There are different versions of our F1 learning materials. Whether you like to study on the computer or like to read paper materials, our learning materials can meet your needs. If you are used to reading paper study materials for most of the time, you can eliminate your concerns. Our F1 exam quiz takes full account of customers' needs in this area. Because our PDF version of the learning material is available for customers to print, so that your free time is fully utilized, and you can often consolidate your knowledge. Everything you do will help you pass the F1 exam and get your CIMA certificate. Of course, the APP and PC versions are also very popular. They can simulate the actual operation of the test environment, and users can perform mock tests for a limited time. And it has the practicality of correcting online error and other functions. The three versions of F1 exam questions all have the feature that they have no limit on the number of users, so you will not encounter the problem of not obtaining our learning materials.

Providing System Services

To ensure that you have a more comfortable experience before you choose to purchase our F1 exam quiz, we provide you with a trial experience service. Once you decide to purchase our learning materials, we will also provide you with all-day service. If you have any questions, you can contact our specialists. We will provide you with thoughtful service. Even if you unfortunately fail to pass the F1 exam, you will also receive our refund of our learning materials. With our trusted service, our learning materials will never make you disappointed.

CIMA F1 Exam Syllabus Topics:

CIMA Financial Reporting Sample Questions:

1. The financial statements of JK for the year ended 31 August 20X4 were approved on 10 November 20X4.
Within these financial statements which of the following would have been treated as a non-adjusting event in accordance with IAS 10 Events After the Reporting Period?

A) The completion of a court case on 5 November 20X4 in which JK was ordered to pay damages of
$150,000.
B) Notification received on 31 August that one of JK's major customers had gone into liquidation and was unlikely to pay any outstanding invoices.
C) Inventory which was originally valued at its cost of $45,000 being sold for $37,000 in September 20X4.
D) A fire in JK's main warehouse on 3 September 20X4 destroying 60% of the inventory that had been held at the year end.

2. The following information relates to AA.
Extract of Trial Balance at 31 December 20X4;

Notes
(i) Inventory at 31 December 20X4 was valued at cost at $30.
(ii) The loan which was received on 1 July 20X4 is repayable in 20X9.
(iii) Corporate income tax represents an over-provision of tax for the year ended 31 December 20X3. AA reported a loss for tax purposes for the year ended 31 December 20X4 and a tax refund is expected amounting to $20.
(iv) Cost of sales, administration and distribution costs need to be adjusted for the following:
What figures should be entered in the Statement of Profit or Loss for the year ended 31 December 20X4 in relation to Administration and Distribution costs?

A) Administration $120 Distribution $87
B) Administration $141 Distribution $117
C) Adminsitration $136 Distribution $120
D) Administration $146 Distribution $114

3. The following information is extracted from OO's statement of financial position at 31 March:

Included in other payables is interest payable of $80,000 at 31 March 20X2 and $73,000 at 31 March 20X1.
The following information if included within OO's statement of profit or loss for the year ended 31 March
20X2:

Included within finance cost is $124,000 which relates to interest paid on a finance lease. 00 includes finance lease interest within financing activities on its statement of cash flows.________________ Within OO's statement of cash flow for the year ended 31 March 20X2 which figures should be included to reflect the changes in working capital within the net cash flow from operating activities?

A) Option A
B) Option B
C) Option D
D) Option C

4. From the list below identify the item that appears in the statement of financial position.

A) The amount of interest actually paid during the year.
B) The amount of interest charged on loans during the year.
C) The amount of loans outstanding at the year end.
D) The amount of loans repaid during the year.

5. The following information relates to a single asset:
*Original cost of $186,000
*Estimated residual value of $6,000
*Expected useful life of 10 years
*Accumulated depreciation at 31 December 20X5 of $66,960
*Annual depreciation rate of 20% on a reducing balance basis
Calculate the amount of depreciation that should be charged to profit or loss for the year ended 31 December 20X6.
Give your answer to the nearest whole number.

Solutions: