Free CIMA CIMAPRA19-F02-1-ENG Exam Questions
Absolute Free CIMAPRA19-F02-1-ENG Exam Practice for Comprehensive Preparation
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CIMA CIMAPRA19-F02-1-ENG Exam Questions
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Provided By: CIMA
- Exam: F2 Advanced Financial Reporting (Online)
- Certification: CIMA Professional Qualification
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Total Questions: 270
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Updated On: Feb 20, 2025
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Rated: 4.9 |
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Online Users: 540
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Question 1
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RS has issued an instrument with a nominal value of $1 million, at a discount of 2.5%, and a coupon rate of 6%. The terms of the issue are that the instrument must eitherbe redeemed at par, at the option of the holder, in three years' time, or alternativelyconverted into equity shares in RS.The characteristics of this instrument taken as a whole indicates that it would be classifed as which of the following?
Answer: A
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Question 2
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On 1 January 20X7 GH purchased plant and equipment at a cost of $400,000. The temporary differences in respect of this plant and equipment at 31 December 20X7 and 20X8 have been calculated as follows:Assume that there are no other temporary differences in the periods and that the corporate income tax rate is 25%. GH is expected to have significant taxable profits in the future.Which of the following is the correct impact in GH's statement of financial position at 31 December 20X8 in respect of deferred tax?
Answer: A
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Question 3
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The dividend yield of ST hasfallen in theyear to 31 May 20X5, compared to the previous year.The share price on 31 May 20X4 was $4.50 and on 31 May 20X5 was $4.00. There were no issues of share capital during the year.Whichof the following should explain the reduction in the dividend yield for the year to 31 May 20X5 compared to the previous year?
Answer: A
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Question 4
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XY's investments enable it to exercisecontrol over AB and havesignificant influence over FG and JK.The Managing Director of XY is a non-executive director of LM. XYdoes not hold any investment inLM.XYispreparingitsconsolidated financial statements for the year ended 30 September 20X9.Which of the followingtransactions during the year will be disclosed in these financial statements in accordance with IAS 24 Related Party Disclosures?
Answer: B
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Question 5
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Which THREE of the following statements are true in relation to financial assets designated as fair value through profit or loss under IAS 39 Financial Instruments: Recognition andMeasurement?
Answer: A,B
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Which THREE of the following statements are true in relation to financial assets designated as fair value through profit or loss under IAS 39 Financial Instruments: Recognition andMeasurement?