CIMA 2019 Professional Examinations - Operational Level - Subject F1 Financial Reporting - Exam Practice Kit

Oct 22, 2026

Practice material for CIMA 2019 Professional Examinations, Operational Level, Subject F1 Financial Reporting. Includes exam practice kit components such as a contents overview, a structured index to questions and answers, and guidance covering exam techniques, syllabus support, learning objectives, and revision approach. Provides study weightings and topic coverage aligned to the exam blueprint, plus explicit golden rules for computer-based assessment, including tutorial requirements, question-attempt strategy, and final review steps. Also includes accuracy, licensing, and trademark disclaimers for IFRS/IAS-related content.

LanguageEnglish

CategoryExam

FormatPDF

Pages15

Reading Time38 min

AccessFree to download

Index to questions and answers

Exam techniques

Computer-based assessment

Syllabus guidance, learning objectives and verbs

Approach to revision

Syllabus grids

Objective test questions

Answers to objective test questions

References

CIMA 2019 Professional Examinations Operational Level Subject F1 Financial Reporting EXAM PRACTICE KIT British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library. Published by: Kaplan Publishing UK Unit 2 The Business Centre Molly Millar’s Lane Wokingham Berkshire RG41 2QZ ISBN: 978-1-78740-211-9 © Kaplan Financial Limited, 2019 The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited, all other Kaplan group companies, the International Accounting Standards Board, and the IFRS Foundation expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such materials. Printed and bound in Great Britain. Acknowledgements This Product includes propriety content of the International Accounting Standards Board which is overseen by the IFRS Foundation, and is used with the express permission of the IFRS Foundation under licence. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of Kaplan Publishing and the IFRS Foundation. The IFRS Foundation logo, the IASB logo, the IFRS for SMEs logo, the “Hexagon Device”, “IFRS Foundation”, “eIFRS”, “IAS”, “IASB”, “IFRS for SMEs”, “IFRS”, “IASs”, “IFRSs”, “International Accounting Standards” and “International Financial Reporting Standards”, “IFRIC” and “IFRS Taxonomy” are Trade Marks of the IFRS Foundation. Trade Marks The IFRS Foundation logo, the IASB logo, the IFRS for SMEs logo, the “Hexagon Device”, “IFRS Foundation”, “eIFRS”, “IAS”,“IASB”, “IFRS for SMEs”,“NIIF” IASs”“IFRS”, “IFRSs”,“International Accounting Standards”, “International Financial Reporting Standards”, “IFRIC”, “SIC” and “IFRS Taxonomy”. Further details of the Trade Marks including details of countries where the Trade Marks are registered or applied for are available from the Foundation on request. CONTENTS | Page | | | --- | --- | | Index to questions and answers | P.5 | | Exam techniques | P.7 | | Syllabus guidance, learning objectives and verbs | P.9 | | Approach to revision | P.13 | | Syllabus grids | P.15 | Section | 1 | Objective test questions | 1 | | --- | --- | --- | | 2 | Answers to objective test questions | 91 | | 3 | References | 159 | This document references IFRS® Standards and IAS® Standards, which are authored by the International Accounting Standards Board (the Board), and published in the 2016 IFRS Standards Red Book. Quality and accuracy are of the utmost importance to us so if you spot an error in any of our products, please send an email to [mykaplanreporting@kaplan.com](mykaplanreporting@kaplan.com) with full details. Our Quality Co-ordinator will work with our technical team to verify the error and take action to ensure it is corrected in future editions. INDEX TO QUESTIONS AND ANSWERS OBJECTIVE TEST QUESTIONS Page number Question Answer | Principles of taxation (Questions 1 to 93) Regulatory Environment of Financial Reporting (Questions 94 to 141)
Financial statements (Questions 142 to 207)
Managing cash and working capital (Questions 208 to 255) | 1
25
38
61 | 75
89
95
111 | | --- | --- | --- | EXAM TECHNIQUES COMPUTER-BASED ASSESSMENT Golden rules 1 Make sure you have completed the compulsory 15-minute tutorial before you start the test. This tutorial is available through the CIMA website and foc

FAQs

How should candidates prepare for the computer-based assessment before starting the test?

Complete the compulsory 15-minute tutorial first, available via the CIMA website. Once you start the test, you cannot speak to the invigilator.

What exam strategy guidance is provided in the practice kit?

Attempt all questions with no negative marking, identify easy questions first, and consider doing wordy questions before computation questions to reduce time pressure.

What rules apply when you do not know an answer during the exam?

Flag the question and attempt it later. During final review before the exam ends, use a process of elimination.

Oct 22, 2026

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