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Candidates are required to demonstrate their financial reporting skills through examples and questions. This section will assess your ability to produce and understand financial statements, including working with non-routine information. This section can be split into two parts: one is the Financial Statements Section, Requirements for Conversion and Trading Entity, and the other is the Financial Reporting Section, Balance Sheet Standard, Income Statement Standard, Statement of Cash Flows Standard. Candidates will be required to answer nine out of 20 questions correctly in this section.
The exam fees are 128 USD for CIMA members and 146 USD for non-members.
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| Section | Objectives |
|---|---|
| Topic 1: Microeconomics | - Demand and supply analysis - Elasticity and consumer behavior |
| Topic 2: Macroeconomics | - National income, GDP, and economic growth - Inflation, unemployment, fiscal and monetary policy |
| Topic 3: International trade and global economy | - Trade policy and globalization - Exchange rates and balance of payments |
| Topic 4: Market structures | - Perfect competition and monopoly - Oligopoly and market competition dynamics |
| Topic 5: Economic fundamentals | - Scarcity, choice, and opportunity cost - Economic systems and resource allocation |
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