CIMA’s CGMA® Financial Reporting Training (F1)

• Educational Background: While no prior experience in financial reporting is required, a basic understanding of accounting principles and business concepts will be advantageous for learners starting this course.
   

• Language Proficiency: A strong command of English is necessary, as all learning materials, examinations, and discussions are delivered in English.
   

• Interest in Financial Reporting: This course is well-suited for individuals aspiring to build a career in finance and accounting, especially those aiming to excel in financial reporting and compliance.

• Understand Financial Reporting Frameworks: Gain a detailed understanding of International Financial Reporting Standards (IFRS) and their application in preparing financial statements for various types of entities.
   

• Prepare Accurate Financial Statements: Learn to produce compliant income statements, balance sheets, cash flow statements, and disclosures while adhering to ethical and professional standards.
   

• Analyse Financial Performance: Develop skills to interpret financial statements and understand the financial health of an organisation to support decision-making and strategy.
   

• Ensure Regulatory Compliance: Learn to identify and implement financial reporting requirements while maintaining adherence to global and local accounting standards.
   

• Lay the Foundation for Advanced Studies: Build a strong platform for higher-level CIMA qualifications and progress toward achieving the CGMA® designation.

The CIMA’s CGMA® Financial Reporting (F1) Course is designed for learners aiming to advance their careers in financial reporting and accounting. Ideal candidates include:

• Assistant Accountant

• Finance Analyst

• Accounts Assistant

• Audit Assistant

• Financial Reporting Assistant

• Trainee Accountant

• Corporate Finance Analyst

Module 1: Regulatory Environment of Financial Reporting

• Identify Regulators and Describe Their Role

• Apply Corporate Governance Principles to Financial Reporting
   

Module 2: Financial Statements

• Identify the Main Elements of Financial Statements

• Explain Specific Financial Reporting Standards

• Apply Financial Reporting Standards to Prepare Basic Financial Statements
   

Module 3: Principles of Taxation

• Distinguish Between Different Types of Taxes

• Calculate Tax for Corporates

• Explain Some Relevant Issues That Affect Taxation
   

Module 4: Managing Cash and Working Capital

• Distinguish Between the Types and Sources of Short-Term Finance

• Explain and Calculate Operating and Cash Cycles

• Apply Different Techniques Used to Manage Working Capital