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F1 Financial Reporting

F1 Financial Reporting

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F1 introduces the regulations which ensure that basic financial statements of different entities are comparable and present fairly the performance, position and prospects of the organisation to their users. It also requires candidates to prepare basic financial statements using financial reporting standards and to consider the different types of corporate taxes (including international tax). Finally, F1 provides candidates with the tools to ensure that the organisation has enough cash to ensure its continuing operations.

Syllabus areas:
A The Regulatory Environment of Financial Reporting
B Financial Statements
C Principles of Taxation
D Managing Cash and Working Capital
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