CIMA Professional – Operational Level (F1) Financial Operations

As part of the overall CIMA Professional Chartered Management Accounting qualification, this Financial Operations module focuses on how to prepare full financial statements, as well as the regulation and ethics associated with them, to ensure that the financial statements meet the needs of the organisation. Applicants must hold the CIMA Certificate in Business Accounting or an approved qualification.

Understand the different types of tax that can be applied to an incorporated business, including direct tax on a company’s trading profits and indirect taxes collected by the company and learn about the administration of them.
Identify situations in which foreign tax obligations (reporting and liability) could arise and methods for relieving foreign tax and gain further insight into employee taxation.
Understand the need for record keeping and the importance of adhering to tax return and payment deadlines.
Learn how to prepare corporate income tax calculations and feel confident in the execution of them.
Understand why regulating accounting and financial reporting are needed; learn the role of the external auditor, the core elements of an audit report and why accurate and in-depth financial reporting equates to best practice.
Understand the CIMA Code of Ethics for Professional Accountants with relation to information reporting, assurance and taxation activities of an accountant, so that you can apply the knowledge in your future job position.
Learn how to prepare full financial statements for a single company and consolidated statements for a group.
Learn about international standards and accounting rules and how to apply them to a range of matters that you will be faced with over the course of your career.

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CIMA Professional Financial Operations

Understand how to prepare full financial and consolidated financial statements.
Stand out in a competitive industry with a growing accountancy skillset.
Add the F1 Financial Operations course and practical skills to your CV immediately.
Course material delivered in bitesize chunks, to make study more manageable and to ensure better retention of information.
Work through the family of modules to achieve the higher level CIMA Professional Chartered Management Accounting certificate.
Interactive simulations, to enable you to learn through doing and complement the training manuals and online study guides that will help you along the way.
Test yourself with skills assessments, so that you can monitor your progress and see where improvements, if any, can be made.
Full support via phone and email, if you run into any troubleshooting or technical difficulties.
Printable exercises and reference guides so that you can learn away from the PC.
Free upgrades for 24 months, to ensure the course is as up-to-date as it possible can be.
Available for a full 24 months following registration, so that you can complete the course in your own time, at your own pace.
No need to be pressured by strict schedules and timetables – course material is available 24/7, as and when you need it.