What is the pass rate for CIMA F1?

CIMA F1 has a pass rate of around 60-68%. Candidates with an accounting background often find it more straightforward.

Is CIMA F1 similar to ACCA FA or FR?

F1 overlaps most with ACCA FA on financial statement preparation, but is assessed by OT rather than constructed response.

How many hours for CIMA F1?

CIMA recommends 100 study hours. Most candidates report 90-120 hours.

Do I need F1 before F2?

Yes. The CIMA pillar structure requires F1 (Operational) before F2 (Management), which must be passed before F3.

Does CIMA F1 cover IFRS standards?

Yes. F1 introduces the most commonly examinable IFRS standards at an operational accounting level.

CIMAFinancial Reporting

Study CIMA F1 Financial Reporting with Learnsignal

In short

CIMA F1 covers preparation of financial statements under IFRS and the basics of business taxation.

5 min read

What Is CIMA F1?

CIMA F1 Financial Reporting is the Financial pillar paper at Operational level. It covers financial statement preparation under IFRS, an introduction to group accounting, ratio analysis, and business taxation. Assessed by a 90-minute on-demand OT.

Syllabus Areas

Financial Statements Under IFRS

Preparing the statement of financial position, P&L, statement of changes in equity, and cash flow statement. Key standards: IFRS 15, IFRS 16, IAS 36, IAS 37.

Group Accounting (Intro)

Introduction to consolidation — recognising subsidiaries, basic goodwill calculation.

Analysing Financial Statements

Ratio analysis — profitability, liquidity, gearing, and efficiency. Interpretation and limitations.

Business Taxation

Taxable profit calculation, deferred tax, and an overview of international tax considerations.

Why Learnsignal?

Video lectures for all F1 topics with statement preparation examples
IFRS standard summaries
Ratio analysis practice
Mock OT under exam conditions