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CIMA F1 · Financial Reporting

Everything you need to pass CIMA F1.

Covers the conceptual framework of financial reporting, preparation of financial statements, group accounting fundamentals, and financial performance analysis. £149 on its own, or all four Operational subjects for £349, with lifetime access. F1 is on demand, so you book it when you are ready.

Buy F1 · £149See the Operational Level Pass Pack
Modern tuition Real mock exams Feedback on every mock
  • 60 questions
  • 90 minutes
  • On demand book it when you are ready
  • £149 on its own, lifetime access

A word from your tutor

James Griffiths, VIVA’s Financial Reporting specialist

James Griffiths, VIVA tutor
Financial Reporting

F1 is the foundation the rest of the F pillar is built on, and it is also the paper the Operational Case Study leans on hardest. Getting it genuinely solid, rather than just passed, pays you back twice.

We work through the financial reporting and tax material in small pieces, then put it under exam conditions in full mocks, so that by the time you reach the case study the mechanics are automatic and you can spend your thinking on the scenario instead.

Do this one properly and OCS gets a great deal easier.

James Griffiths Financial Reporting tutor

The syllabus

What F1 covers.

F1 Financial Reporting covers the preparation and interpretation of financial statements under IFRS. You'll learn to produce statements for single entities and groups, understand the regulatory framework, and analyse financial performance. This subject underpins all financial reporting work you'll do as a CIMA professional.

  • IFRS conceptual framework and regulatory environment
  • Income statement and statement of financial position
  • Statement of cash flows
  • Basic group accounting and consolidation
  • Accounting for assets: PPE, intangibles, impairment
  • Financial performance analysis and ratios

The course, section by section

7 sections · 71 lessons · 11h 12m of video

  1. 01 Preparing for Objective Test exams 1 module5 lessons44m of video
    1. Objective Test Success 5 lessons 44m
      1. Introduction 2m
      2. Background of Objective Tests 10m
      3. Format of Objective Test exams 9m
      4. Exam preparation 9m
      5. Exam day approach 14m
  2. 02 F1 Subject overview 1 module5 lessons50m of video
    1. F1 Overview Videos 5 lessons 50m
      1. F1 overview - regulatory environment 9m
      2. F1 overview - financial statements - part 1 12m
      3. F1 overview - financial statements - part 2 9m
      4. F1 overview - principles of taxation 8m
      5. F1 overview - managing cash and the working capital cycle 12m
  3. 03 A. The regulatory environment of financial reporting 1 module7 lessons1h 5m of video
    1. Regulatory Environment and Corporate Governance 7 lessons 1h 5m
      1. Regulation - part 1 12m
      2. Regulation - part 2 10m
      3. Ethics - part 1 9m
      4. Ethics - part 2 14m
      5. Corporate governance - part 1 7m
      6. Corporate governance - part 2 8m
      7. Corporate governance - part 3 5m
  4. 04 B. Financial statements 7 modules34 lessons5h 11m of video
    1. The Conceptual Framework 6 lessons 46m
      1. Conceptual framework - part 1 7m
      2. Conceptual framework - part 2 10m
      3. Conceptual framework - part 3 7m
      4. Conceptual framework - part 4 8m
      5. Conceptual framework - part 5 10m
      6. Conceptual framework - part 6 4m
    2. Non-current assets 7 lessons 1h
      1. Non-current assets - part 1 9m
      2. Non-current assets - part 2 5m
      3. Non-current assets - part 3 10m
      4. Non-current assets - part 4 12m
      5. Non-current assets - part 5 8m
      6. Non-current assets - part 6 11m
      7. Non-current assets - part 7 5m
    3. Leases 5 lessons 43m
      1. Leases - part 1 6m
      2. Leases - part 2 10m
      3. Leases - part 3 8m
      4. Leases - part 4 14m
      5. Leases - part 5 5m
    4. Other Accounting Standards 6 lessons 49m
      1. Other accounting standards - part 1 9m
      2. Other accounting standards - part 2 7m
      3. Other accounting standards - part 3 7m
      4. Other accounting standards - part 4 7m
      5. Other accounting standards - part 5 10m
      6. Other accounting standards - part 6 9m
    5. Presentation of Published Financial Statements 4 lessons 38m
      1. Presentation of financial statements - part 1 10m
      2. Presentation of financial statements - part 2 9m
      3. Presentation of financial statements - part 3 8m
      4. Presentation of financial statements - part 4 11m
    6. Statement of Cash Flows 5 lessons 39m
      1. Cash flows - part 1 11m
      2. Cash flows - part 2 9m
      3. Cash flows - part 3 7m
      4. Cash flows - part 4 7m
      5. Cash flows - part 5 5m
    7. *BONUS* Hotspot Webinar: Non-current assets 1 lesson 36m
      1. Hotspot webinar - non-current assets 36m
  5. 05 C. Principles of taxation 4 modules9 lessons1h 53m of video
    1. General Principles of Taxation 2 lessons 17m
      1. Tax principles - part 1 8m
      2. Tax principles - part 2 9m
    2. Direct Taxation 4 lessons 39m
      1. Direct taxation - part 1 10m
      2. Direct taxation - part 2 9m
      3. Direct taxation - part 3 13m
      4. Direct taxation - part 4 7m
    3. International and indirect taxation 2 lessons 27m
      1. International and indirect tax - part 1 14m
      2. International and indirect tax - part 2 13m
    4. *BONUS* Hotspot Webinar: Corporate Tax Computations 1 lesson 30m
      1. Hotspot webinar - corporate tax computations 30m
  6. 06 D. Managing cash and working capital 3 modules11 lessons1h 29m of video
    1. Working Capital and the Operating Cycle 4 lessons 31m
      1. Working capital and the operating cycle - part 1 9m
      2. Working capital and the operating cycle - part 2 7m
      3. Working capital and the operating cycle - part 3 8m
      4. Working capital and the operating cycle - part 4 7m
    2. Receivables, Payables and Inventory 4 lessons 37m
      1. Receivables, payables and inventory - part 1 13m
      2. Receivables, payables and inventory - part 2 7m
      3. Receivables, payables and inventory - part 3 9m
      4. Receivables, payables and inventory - part 4 8m
    3. Managing Cash 3 lessons 21m
      1. Managing cash - part 1 9m
      2. Managing cash - part 2 5m
      3. Managing cash - part 3 7m
  7. 07 Mock exams 3 full mocks, then more on demand
    • Mock Mock 1 60 questions in 90 minutes, marked instantly
    • Mock Mock 2 60 questions in 90 minutes, marked instantly
    • Mock Mock 3 60 questions in 90 minutes, marked instantly
    • Mock More mocks on demand A new paper from the question bank whenever you want one, up to 5 a day

Modern tuition

Expert video, with a tutor in every lesson.

Built and taught by people who have lectured this material for years, with an AI Tutor sitting inside each lesson to answer the question you have right now.

  • Experts Former Kaplan and BPP lecturers and academics from major UK universities.
  • AI Tutor Ask a question inside the lesson and get an answer grounded in that lesson.
  • Pick up where you left off Your progress is saved lesson by lesson, so you always come back to the right place.

Real mock exams

Sit F1 before you sit F1.

Full timed mocks in the real format: 60 questions in 90 minutes, drawn from a large question bank, in an exam-style interface.

  • The real format Same question count, same clock, same kind of interface.
  • From a bank, not a booklet Three mocks to start, then a new one whenever you want it, each assembled from a large question bank rather than a fixed paper.
  • Timed The clock runs. Pacing is half the exam.

Feedback on every mock

Know which topics have landed.

A mock does not stop at a percentage. Every question comes back with an explanation, grouped by syllabus section, so you can see what to go back to.

  • Marked instantly No waiting, no tutor queue.
  • An explanation for every question Right or wrong, you see why.
  • Grouped by section So a weak section is obvious, not buried in a score.

The Operational Level

F1 is one of the three Objective Tests on the CIMA Operational Level, with E1 and P1. CIMA lets you sit them in any order, and the OCS once all three are passed.

See the full Operational route →
  1. E1 Managing Finance in a Digital World
  2. P1 Management Accounting
  3. F1 Financial Reporting You are here
  4. OCS Operational Case Study

Personalised CIMA pack

One price per CIMA level, from £349, with lifetime access as standard.

Tell us which CIMA subjects you have already passed, or are exempt from taking. The best option updates as you go.

Step 1 of 2

First, what have you already passed?

Tick what you've passed or been exempted from - we'll only show what's left.

Operational Level
Management Level
Strategic Level

Exempt from a whole level through your degree? Use Tick all on that level.

Questions

The things students ask before buying.

What does the F1 course include?

Expert-led video lessons across the whole syllabus with an AI Tutor in every lesson, and full timed mock exams online (60 questions, 90 minutes, drawn from a large question bank): 3 to start and a new one whenever you want it, each marked instantly with an explanation for every question. £149, lifetime access.

How is F1 examined?

60 objective test questions in 90 minutes. It is on demand, so you book it when you are ready rather than waiting for a window.

Do I need to pass F1 before the other Operational Objective Tests?

No. CIMA lets the three Operational Objective Tests be sat in any order. All three must be passed before the OCS.

What if I buy one subject and want more later?

You only ever pay the difference. Add subjects at any time and the price you already paid comes off the bigger pack, so you never pay twice for the same course.

How long do I have access?

Lifetime access, on every course. There is no subscription and no renewal - if you need to resit, or come back to the material years later, it is still there.

Ready for a clearer route to your F1 exam day?

Get through your exams.
Get on with your life.

Take F1 on its own, or add it to the subjects you have left.

Buy F1 · £149