Author: BPP Learning Media

Publisher: BPP Learning Media

Published: 2012-08-01

Total Pages: 673

ISBN-13: 1445392658

CIMA offers a business qualification with a finance focus, aiming to produce members with accounting prowess who are skilled in strategic decision-making. 98% of its members work in business, the highest proportion of any worldwide accountancy body. Paper P1 looks at how information is obtained, evaluated and used to control and predict business performance.The syllabus is split into the following five areas: * Cost accounting systems * Forecasting and budgeting techniques * Project appraisal * Dealing with uncertainty in analysis * Managing short-term financeP1 requires a good understanding of the underlying concepts and techniques in all five areas.P1 also needs you to be able to apply these concepts to practical situations, evaluate them critically and interpret the results. The P1 Study Text contains all you need to know for P1, featuring step-by-step guides to techniques such as investment decision making and budget preparation. There are also reminder sections of knowledge brought forward from earlier studies such as costing terminology. Key terms are identified throughout the Text to help you to get to grips with the new material.

Author: BPP Learning Media

Publisher: BPP Learning Media

Published: 2012-09-01

Total Pages: 481

ISBN-13: 1445392623

F1 builds on knowledge from paper C2 and introduces tax at a very basic level; it is not based on any tax regime. Financial reporting is a major part of the syllabus, both single company and group accounts are examined in the two '25-mark' questions in section C. New financial reporting topics introduced at this level are: group accounts; construction contracts; financial instruments; and leases.It has four main sections: The principles of business taxation The principles of regulation of financial reporting Preparation of financial statements which conform with IFRS Consolidated financial statementsThe study text concentrates on the key areas of the syllabus, taking into account the way in which topics are examined. The text has a step-by-step approach to producing financial statements and lots of exercises in which you can practice the workings. We guide you through the more problematic topics which can be brought into the preparation of single company and group financial statements, and give you plenty of examples.