CIMA F1 -  Financial Operations

Introduction

Studying for the F1 exam

The content of this Knowledge Bank is not designed to be a substitute for a structured system of study towards the exams but rather should help complement your chosen study system.

In particular,

• we do not guarantee full syllabus coverage,
• the knowledge bank focusses on knowledge, concepts and ideas but has very few worked examples or graded exercises for you to practice,
• there are no past exam questions here to attempt
• examiner's articles are not repeated here.

We highly recommend that you complete a structured course of study and obtain text books and exam kits to improve your chances of exam success.

Using the Kaplan Financial Knowledge Bank

The main benefits of the way the content is presented and accessed via the Knowledge Bank are as follows:

• a quick answer to a quick question - if you have a F1 query then you should be able to access a trusted answer quickly and efficiently using either the search function, the top navigation bars or /and the side navigation.
• integrated knowledge - examiners often criticise students for not appreciating how different topics fit together. By following the structured links and navigation bars in the content, you can explore related concepts to integrate your knowledge.

The CIMA F1 syllabus

 A good page to start on if you are unclear where to begin would be the overview Financial Reporting page and then explore further using the menu on the RHS.

Other useful starting points for exploration are linked to syllabus areas below.

The syllabus for F1 is split into 3 main areas:  

A Principles of Business Taxation

The Kaplan Financial Knowledge Bank does not include content relating to tax. 

B Regulation and ethics of financial reporting

Start with the Context And Purpose Of Financial Reporting page and explore the links given, especially to the pages on the Regulatory Framework and Conceptual Framework .

C Financial Accounting and Reporting

Start by looking at the basics using the Preparing Basic Financial Statements page before looking at the individual IFRS pages. For example, to look at tangible non-current assets you should go to the IAS16 page. Next look at the overview Consolidated Financial Statements page before exploring related topics in more detail using the top menu.

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Tags:	CIMA;F1;financial operations;CIMA F1