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If you are interested in advancing your career in finance and accounting, obtaining a CIMA qualification is a great choice. The CIMA Professional Qualification is recognized worldwide and is highly respected by employers. The Financial Reporting (F1) exam is one of the exams that candidates must pass to obtain the CIMA Professional Qualification. In this article, we will provide you with all the information you need to pass the CIMAPRA19-F01-1 exam.
Exam Objectives:
- Understand the key principles of financial reporting
- Understand the regulatory environment for financial reporting
- Apply International Financial Reporting Standards (IFRS) to the preparation of financial statements
- Analyze and interpret financial statements
The CIMAPRA19-F01-1 exam is designed for professionals who want to gain a strong understanding of financial reporting. This exam is suitable for finance professionals, accountants, and managers who want to develop their skills in financial reporting. The prerequisites for taking the CIMAPRA19-F01-1 exam are that you must be registered as a CIMA student and have completed the CIMA Certificate in Business Accounting or hold an exemption from it.
Related Books:
There are several books that can help you prepare for the CIMAPRA19-F01-1 exam. Some of the recommended books are:
- "CIMA F1 Financial Reporting and Taxation Study Text" by BPP Learning Media
- "CIMA F1 Financial Reporting and Taxation Exam Kit" by BPP Learning Media
- "CIMA Official Exam Practice Kit: Financial Reporting and Taxation (CIMA Certificate in Business Accounting)" by Chartered Institute of Management Accountants
These books cover all the topics that are included in the CIMAPRA19-F01-1 exam and provide practice questions and answers to help you prepare for the exam.
Exam Details:
The CIMAPRA19-F01-1 exam is a computer-based exam that is delivered through Pearson VUE. The cost of the exam varies depending on the location but is typically around £155. The exam consists of 60 objective test questions, and you have 90 minutes to complete it. The passing mark for the exam is 70%, which means you need to score at least 42 marks out of 60 to pass.
The format of the exam is multiple-choice questions, and you will be tested on your understanding of financial reporting principles, the regulatory environment for financial reporting, IFRS, and the analysis and interpretation of financial statements. You will be given a calculator to use during the exam, but you are not allowed to bring your own calculator.
To summarize, the CIMAPRA19-F01-1 exam is an important exam for finance professionals who want to gain a strong understanding of financial reporting. To pass the exam, you need to understand the key principles of financial reporting, the regulatory environment for financial reporting, IFRS, and how to analyze and interpret financial statements. You should also use recommended study materials, such as books and exam practice kits, to help you prepare for the exam. Good luck!
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