What do you learn in F1?
• Who the regulators are, what they do and why and how regulations are applied.
• How to prepare basic financial statements using financial reporting standards.
• How to distinguish between types of taxes, calculate corporation taxes and issues affecting taxation.
• What tools are used to ensure that the organisation has enough cash to ensure its continuing operations.
Free Lesson
5 StepsGet Started
01m 05sQualitative Characteristics of Financial Information
02m 03sQualitative Characteristics of Financial Information - MCQ
3 QuestionsQualitative Characteristics of Financial Information - Notes
Next Step
00m 45sRegulatory Environment of Financial Reporting
17 StepsThe Regulatory Environment - Intro
07m 28sThe Regulatory Environment - Intro
5 QuestionsRegulatory Framework
10m 18sRegulatory Framework
5 QuestionsConceptual Framework - Part 1
10m 06sConceptual Framework - Part 1
5 QuestionsConceptual Framework - Part 2
12m 25sConceptual Framework - Part 2
5 QuestionsRecognition and Measurement
15m 07sRecognition and Measurement
5 QuestionsProfessionalism, Ethical Codes and the Public Interest
14m 17sProfessionalism, Ethical Codes and the Public Interest
5 QuestionsDuties and Responsibilities of those Charged with Governance
07m 14sDuties and Responsibilities of those Charged with Governance
5 QuestionsGovernance Scope and Approaches
10m 45sGovernance Scope and Approaches
5 QuestionsModule Summary Notes
Financial Statements
25 StepsQualitative Characteristics of Financial Information
09m 20sQualitative Characteristics of Financial Information
5 QuestionsIAS 16 - Property, Plant and Equipment - Part 1
17m 13sIAS 16 - Property, Plant and Equipment - Part 1
5 QuestionsIAS 16 - Property, Plant and Equipment - Part 2
15m 50sIAS 16 - Property, Plant and Equipment - Part 2
5 QuestionsIAS 16 - Property, Plant and Equipment - Part 3
15m 19sIAS 16 - Property, Plant and Equipment - Part 3
5 QuestionsIAS 36 - Impairment part 1
16m 56sIAS 36 - Impairment part 1
5 QuestionsIAS 36 - Impairment part 2
10m 22sIAS 36 - Impairment part 2
5 QuestionsIFRS 5 - Non-current Assets Held For Sale and Discontinued Operations
17m 05sIFRS 5 - Non-current Assets Held For Sale and Discontinued Operations
5 QuestionsIAS 2 - Inventories - Part 1
11m 19sIAS 2 - Inventories - Part 1
5 QuestionsIAS 2 - Inventories - Part 2
07m 44sIAS 2 - Inventories - Part 2
5 QuestionsIFRS 16 - Leases - Key Terms and Initial Measurement
13m 35sIFRS 16 - Leases - Key Terms and Initial Measurement
5 QuestionsIFRS 16 - Leases - Subsequent Measurement
17m 16sIFRS 16 - Leases - Subsequent Measurement
5 QuestionsIAS 10 - Events After the Reporting Period
12m 59sIAS 10 - Events After the Reporting Period
5 QuestionsModule Summary Notes
Preparing Financial Statements
34 StepsAccounting Framework
12m 28sAccounting Framework
5 QuestionsThe Accounting System
06m 21sThe Accounting System
5 QuestionsThe Main Elements of Financial Reports
07m 05sThe Main Elements of Financial Reports
5 QuestionsPreparing Basic Financial Statements
13m 50sPreparing Basic Financial Statements
5 QuestionsCapital Structures
13m 00sCapital Structures
5 QuestionsSingle Entity Financial Statements - part 1
15m 51sSingle Entity Financial Statements - part 2
09m 04sSingle Entity Financial Statements - Question & Solution (Clarion)
Single Entity Financial Statements
10 QuestionsLimited Companies - Question
28m 35sLimited Companies - Question and Solution
Statement of Cash Flows
18m 17sStatement of Cash Flows
5 QuestionsStatement of Cash Flows - An Example
17m 42sStatement of Cash Flows - Practice OTs
5 QuestionsStatement of Cash Flows - An Example (Question and Solution)
IAS - Cash Flows - Part 1
08m 19sIAS - Cash Flows - Part 1
5 QuestionsIAS - Cash Flows - Part 2
12m 06sIAS - Cash Flows - Part 2
3 QuestionsIAS - Cash Flows - Part 3
11m 10sIAS - Cash Flows - Part 3
5 QuestionsIAS - Cash Flows - Part 4
13m 13sIAS - Cash Flows - Part 4
5 QuestionsIAS - Cash Flows - Part 5
08m 55sIAS - Cash Flows - Part 5
5 QuestionsIAS 7 - Cash Flows & Interpretation of Accounts - Practice Questions
15m 07sIAS 7 - Practice Question and Solution
Module Summary Notes
Principles of Taxation
26 StepsThe UK Tax System and its Administration
12m 25sThe UK Tax System and its Administration
5 QuestionsBasic Computation of VAT Liability
07m 26sBasic Computation of VAT Liability
5 QuestionsEmployment Income - Introduction
03m 16sEmployment Income - Introduction
3 QuestionsTaxable Total Profits
05m 10sTaxable Total Profits
5 QuestionsTrade Profits
17m 25sTrade Profits
5 QuestionsCorporation Tax Liabilities
03m 25sCorporation Tax Liabilities
10 QuestionsCapital Allowances for Companies
06m 49sCapital Allowances for Companies
5 QuestionsRevision Video - Corporation Tax
07m 08sChargeable Gains - Introduction
03m 12sChargeable Gains - Introduction
5 QuestionsBasic Principles of Calculating Gains
05m 50sBasic Principles of Calculating Gains
3 QuestionsOverseas Aspects
08m 13sOverseas Aspects
5 QuestionsTransfer Pricing
01m 57sTransfer Pricing
5 QuestionsEthics of Taxation
05m 09sEthics of Taxation
5 QuestionsModule Summary Notes
Managing Cash and Working Capital
37 StepsSources of Finance
20m 14sSources of Finance
5 QuestionsSources and Uses of Cash
13m 33sSources and Uses of Cash
5 QuestionsIntroduction to Working Capital
08m 14sIntroduction to Working Capital
5 QuestionsWorking Capital Cycle
13m 28sWorking Capital Cycle
5 QuestionsWorking Capital
07m 59sWorking Capital
5 QuestionsWorking Capital - Worked Example
10m 10sWorking Capital - Worked Example Question and Solution
Working Capital - Practice OTs
5 QuestionsLiquidity Management
07m 06sLiquidity Management
5 QuestionsAnalysing and Interpreting Financial Statements - Overview
08m 11sAnalysing and Interpreting Financial Statements - Overview
5 QuestionsAnalysing and Interpreting Financial Statements - Inventory
06m 26sAnalysing and Interpreting Financial Statements - Inventory
5 QuestionsAnalysing and Interpreting Financial Statements - Receivables and Payables
09m 16sAnalysing and Interpreting Financial Statements - Receivables and Payables
5 QuestionsDetermining Working Capital Needs and Funding Strategies
18m 16sDetermining Working Capital Needs and Funding Strategies
5 QuestionsManagement of Receivables and Payables
08m 22sManagement of Receivables and Payables
5 QuestionsManagement of Inventory
11m 11sManagement of Inventory
5 QuestionsCash Budgets
14m 35sCash Budgets
5 QuestionsCash Budgets and "What if" Analysis
07m 32sCash Budgets and "What if" Analysis
5 QuestionsThe Use of Spreadsheets
03m 21sThe Use of Spreadsheets
5 QuestionsCash Budget - Example
13m 42sCash Budget - Example (Question and Solution)
Cash Budget - Practice OTs
5 QuestionsModule Summary Notes