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CIMA F1 Exam With Confidence Using Practice Dumps

Exam Code:
F1
Exam Name:
Financial Reporting
Certification:
Vendor:
Questions:
248
Last Updated:
Jan 17, 2026
Exam Status:
Stable
CIMA F1

F1: CIMA Operational Exam 2025 Study Guide Pdf and Test Engine

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Financial Reporting Questions and Answers

Question 1

Which of the following does the phrase 'events after the reporting period' refer to?

Options:

A.

Material events which occur between the statement of financial position date and the date on which the financial statements are approved

B.

Material events which occur after the release of the statement of financial position

C.

Material events which occur before the statement of financial position date

D.

Material events which occur between the income statement date and the statement of financial position date

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Question 2

Options:

Question 3

Which TWO of the following are implications of employee income tax being paid to the tax authority through a Pay-As-You-Earn scheme?

Options:

A.

The government can budget its cash flows more easily.

B.

The risk of employees defaulting on the payment of tax due is reduced

C.

The tax authority deals directly with the employees rather than the employers.

D.

The tax is paid after the employee completes a tax return.

E.

Most of the administrative costs of collecting the tax are borne by the tax authority