Below are a number of past paper questions and answers from the 2010 Syllabus that are still relevant to the CIMA F1 exam. Whilst the same question styles may no longer be available under the CIMA 2015 syllabus they are still very useful in testing your understanding.
Section A: Regulatory Environment for Financial Reporting and Corporate Governance (10% of syllabus)
Learning outcomes:
A1(a) Explain the need for the regulation of the financial reporting information of incorporated entities and the key elements of an ethical regulatory environment for such information
*No relevant questions*
A1 (b) Explain the roles and structures of the key bodies involved in the regulationof financial reporting information
A1(c) Explain the scope of IFRS and how they are developed
- F1 September 2012 question 2e
- F1 May 2013 question 1.8
- F1 March 2013 question 1.2
- F1 November 2012 question 2f
A1 (d) Describe the role of the external auditor in the context of the financial reporting information of incorporated entities and the content and significance of the audit report.
- F1 September 2012 question 2f
- F1 May 2012 question 2f
- F1 May 2012 question 1.2
- F1 March 2012 question 2e(ii)
- F1 March 2012 question 2e(i)
- F1 November 2011 question 2e(ii)
- F1 November 2011 question 2e(i)
- F1 May 2010 question 2d(ii)
- F1 May 2010 question 2d(i)
- F1 March 2014 question 2f
- F1 November 2013 question 2f
- F1 May 2013 question 1.10
- F1 March 2013 question 1.5
- F1 May 2012 question 1.3
- F1 November 2010 question 1.6
A2 (a) Discuss the need for and scope of corporate governance regulation
*No relevant questions*
A2 (b) Compare and contrast the approach to corporate governance in different markets.
*No relevant questions*
Section B: Financial Accounting and Reporting (45% of syllabus)
Learning outcomes:
B1 (a) Describe the main elements of financial statements prepared in accordance with IFRS
B1 (b) Explain the key principles contained within the IASB‘s Conceptual Framework for Financial Reporting
*No relevant questions*
B2 (a) Produce the primary financial statements from trial balance for an individual entity in accordance with IFRS
- F1 May 2010 question 1.6
- F1 March 2014 question 4b
- F1 March 2014 question 4a
- F1 November 2013 question 4a
- F1 November 2013 question 4b
- F1 November 2013 question 3a
- F1 November 2013 question 3b
- F1 September 2011 question 4b
- F1 September 2011 question 4a
- F1 May 2011 question 4b
- F1 May 2011 question 4a
- F1 November 2010 question 3a
- F1 November 2010 question 3b
- F1 March 2014 question 3
- F1 September 2013 question 3b
- F1 September 2013 question 2a
- F1 May 2013 question 3
- F1 May 2013 question 2a
- F1 March 2013 question 3
- F1 March 2013 question 1.7
- F1 November 2012 question 3
- F1 November 2012 question 1.7
- F1 September 2012 question 3b
- F1 September 2011 question 3
- F1 May 2011 question 3
- F1 May 2011 question 1.10
- F1 May 2010 question 3
- F1 May 2010 question 2e
B2 (b) Apply the rules contained in IFRS to generate appropriate accounting entries in respect of reporting performance, accounting for taxation, employee benefits, non-current assets, accounting for government grants, impairment, inventories and events after the reporting period
- F1 November 2010 question 2f(ii)
- F1 November 2010 question 2f(i)
- F1 May 2010 question 1.8
- F1 September 2012 question 2d(ii)
- F1 September 2012 question 2d(i)
- F1 May 2010 question 4b
- F1 May 2010 question 4a
- F1 September 2013 question 3a
- F1 March 2013 question 2c
- F1 March 2013 question 1.10
- F1 March 2013 question 1.9
- F1 November 2012 question 2c
- F1 November 2012 question 1.10
- F1 November 2012 question 1.9
- F1 September 2012 question 1.10
- F1 September 2012 question 1.9
- F1 September 2012 question 3a
- F1 November 2010 question 1.9
- F1 November 2010 question 1.7
- F1 May 2010 question 1.9
- F1 May 2010 question 1.7
- F1 May 2010 question 3
- F1 May 2010 question 2e
B2 (c) Discuss the ethical selection and adoption of relevant accounting policies and accounting estimates
*No relevant questions*
B3 (a) Explain whether an investment in another entity constitutes a subsidiary or an associate relationship in accordance with relevant international financial reporting standards
- F1 September 2012 question 4b
- F1 September 2012 question 4a
- F1 November 2011 question 4a
- F1 May 2010 question 4a
- F1 November 2013 question 2a
- F1 September 2013 question 4a
- F1 March 2012 question 4
- F1 March 2013 question 4a
- F1 September 2011 question 1.9
- F1 November 2010 question 2e
- F1 March 2014 question 2a
B3 (b) Explain situations where a parent entity is exempt from preparing consolidated financial statements
*No relevant questions*
B3 (c) Produce the consolidated statement of financial position and statement of comprehensive income in accordance with relevant IFRS for a group comprising of one or more subsidiaries (being either wholly or partially directly owned) or associates, including interests acquired part way through an accounting period
- F1 November 2010 question 2d(ii)
- F1 November 2010 question 2d(i)
- F1 November 2010 question 4b
- F1 November 2010 question 4a
- F1 March 2013 question 4b
- F1 May 2012 question 4b
- F1 May 2012 question 4a
- F1 September 2012 question 4b
- F1 September 2012 question 4a
- F1 May 2010 question 4b
- F1 May 2010 question 4a
- F1 March 2014 question 2b
- F1 November 2013 question 2b
- F1 September 2013 question 4b
- F1 November 2012 question 4b
- F1 September 2011 question 1.8
- F1 May 2011 question 1.8
- F1 May 2011 question 1.9
- F1 March 2012 question 4
- F1 March 2013 question 4a
- F1 November 2011 question 4b
Section C: Management of Working Capital, Cash and Sources of Short-Term Finance (20% of syllabus)
Learning outcomes:
C1 (a) Describe the sources of short-term finance and methods of short-term cash investment available to an entity
- P1 March 2013 question 1.6
- P1 March 2013 question 2a
- P1 November 2012 question 2b
- P1 November 2012 question 1.8
- P1 May 2012 question 2f
- P1 September 2011 question 2e
- P1 May 2012 question 1.6
- P1 September 2011 question 1.1
- P1 May 2011 question 1.1
- P1 March 2011 question 2f
- P1 March 2011 question 2e
- P1 November 2010 question 2e
- P1 November 2010 question 1.1
C2 (a) Analyse trade receivables, trade payables and inventory ratios
- P1 November 2013 question 1.2
- P1 November 2013 question 1.1
- P1 September 2013 question 1.7
- P1 May 2012 question 1.4
- P1 May 2012 question 1.2
- P1 May 2011 question 1.7
- P1 March 2011 question 1.7
- P1 November 2010 question 2f
- P1 September 2010 question 1.2
- P1 May 2010 question 1.2
C2 (b) Discuss policies for the management of the total level of investment in working capital and for the individual elements of working capital
- P1 September 2013 question 2d
- P1 May 2013 question 1.3
- P1 May 2013 question 1.1
- P1 November 2012 question 2a(ii)
- P1 November 2012 question 2a(i)
- P1 September 2012 question 2e(i)
- P1 September 2012 question 2e(ii)
- P1 November 2010 question 2d(ii)
- P1 November 2010 question 2d(i)
- P1 May 2010 question 2a(ii)
- P1 May 2010 question 2a(i)
C2 (c) Evaluate working capital policies
- P1 November 2013 question 1.8
- P1 May 2013 question 2d(i)
- P1 March 2013 question 2d
- P1 September 2012 question 2f
- P1 March 2012 question 1.4
- P1 September 2011 question 2d
- P1 March 2012 question 1.6
- P1 March 2011 question 2d(ii)
- P1 March 2011 question 2d(i)
- P1 September 2010 question 2a(i)
- P1 September 2010 question 2a(ii)
- P1 May 2010 question 2b(ii)
- P1 May 2010 question 2b(i)
- P1 May 2010 question 1.8
C2 (d) Discuss approaches to the financing of working capital investment levels
- P1 November 2013 question 1.6
- P1 September 2013 question 1.6
- P1 March 2013 question 1.1
- P1 May 2011 question 2e
- P1 March 2011 question 1.1
- P1 March 2012 question 1.6
- F1 November 2013 question 1.6
C3 (a) Discuss measures to manage the short-term cash position of an entity.
- P1 March 2012 question 2a
- P1 November 2011 question 2a
- P1 September 2010 question 1.6
- P1 September 2010 question 2a(ii)
- P1 May 2012 question 1.6
Section D: Fundamentals of Business Taxation (25% of syllabus)
Learning outcomes:
D1 (a) Discuss the features of the types of indirect and direct taxation that typically apply to an incorporated entity
- F1 November 2013 question 1.2
- F1 May 2013 question 1.1
- F1 March 2013 question 2d
- F1 March 2013 question 1.1
- F1 September 2011 question 2d
- F1 September 2011 question 1.1
- F1 May 2011 question 1.1
- F1 May 2010 question 2b(ii)
- F1 May 2010 question 2b(i)
- F1 May 2010 question 1.2
- F1 September 2013 question 1.5
- F1 September 2013 question 2e(ii)
- F1 September 2013 question 2e(i)
- F1 May 2012 question 2d(ii)
- F1 May 2012 question 2d(i)
- F1 March 2012 question 2b(ii)
- F1 March 2012 question 2b(i)
- F1 September 2011 question 2a(ii)
- F1 September 2011 question 2a(i)
- F1 March 2014 question 1.3
- F1 March 2014 question 1.1
- F1 September 2013 question 1.1
- F1 March 2013 question 1.3
- F1 November 2012 question 1.1
- F1 September 2012 question 1.3
- F1 September 2012 question 1.1
- F1 March 2012 question 1.5
- F1 March 2012 question 1.2
- F1 March 2012 question 2c
- F1 November 2011 question 2c
- F1 November 2011 question 1.1
- F1 September 2011 question 1.3
- F1 September 2011 question 1.2
- F1 May 2011 question 1.4
- F1 May 2011 question 1.2
- F1 November 2010 question 1.5
- F1 November 2010 question 1.3
- F1 November 2010 question 1.2
- F1 May 2010 question 1.1
D1 (b) Discuss the regulatory environment for taxation, including the distinction between tax evasion and tax avoidance
- F1 March 2013 question 2a(ii)
- F1 March 2013 question 2a(i)
- F1 November 2012 question 2a
- F1 May 2010 question 2a
- F1 March 2014 question 1.4
- F1 March 2014 question 1.2
- F1 November 2013 question 1.3
- F1 November 2011 question 1.5
- F1 November 2011 question 1.2
- F1 September 2011 question 1.4
- F1 May 2011 question 1.5
- F1 November 2010 question 1.4
D2 (a) Explain the taxation issues that may apply to an incorporated entity that operates internationally
- F1 May 2013 question 1.3
- F1 March 2013 question 2e(ii)
- F1 March 2013 question 2e(i)
- F1 November 2012 question 2e(ii)
- F1 November 2012 question 2e(i)
- F1 September 2011 question 2c(ii)
- F1 September 2011 question 2c(i)
- F1 May 2011 question 2c(ii)
- F1 May 2011 question 2c(i)
- F1 November 2010 question 2b(ii)
- F1 November 2010 question 2b(i)
- F1 March 2014 question 2c
- F1 September 2012 question 2b
- F1 May 2011 question 1.3
- F1 November 2010 question 2a
- F1 May 2010 question 2c
D3 (a) Produce corporate income tax computations from a given set of rules
- F1 November 2011 question 1.3
- F1 September 2012 question 2a(ii)
- F1 September 2012 question 2a(i)
- F1 November 2010 question 4b
- F1 November 2010 question 4a
- F1 March 2014 question 2e
- F1 November 2013 question 1.4
- F1 March 2012 question 1.3
- F1 November 2011 question 3
- F1 May 2010 question 1.1
- F1 May 2010 question 3
D3 (b) Produce capital tax computations from a given set of rules.
*No relevant questions*