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: Jan 15, 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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AB's financial information shows that thenon current assets' carrying value is greater than the tax base at the year end.What is the journal entry to record the movement in the provision for deferred tax resulting from this difference?
Answer: C
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Question 2
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JKL measure gearingas debt:equity, based on book values.At 31 December 20X5the ratio is 2:3 and JKL would like this to be 2:5.Which of the following transactions individually would achieve this?
Answer: B
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Question 3
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LM has made the following share purchases during the year:* Purchased 55% of the equity share capital of OP.* Purchased 45% of the equity share capital of QR.LM have the power to appoint the majority of board members on the QR board.* Purchased 30% of the equity share capital of ST. LM is represented by one director on the main board of ST which has five members in total. The other 70% of ST's equity share capital is owned by a single company, UV.The Managing Director has told you that OP has performed well, but both QR and ST have not performed as expected. He is therefore pleased thatOP will be included as a subsidiaryand that QR and ST will only be included as investments in the group financial statements.In accordance with the ethical principle of professional competence and due care how should the investments in OP, QR and ST be treated in the group financial statements?
Answer: A
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Question 4
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What is the total comprehensive incomeattributable to the shareholders of GHI that will be presented in GHI's consolidated statement of changes in equity for the year ended 31 December 20X4?
Answer: A
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What is the total comprehensive incomeattributable to the shareholders of GHI that will be presented in GHI's consolidated statement of changes in equity for the year ended 31 December 20X4?
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Question 5
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If you were asked to express the overall performance of an entityas a percentage of its total investment in net assets which of the following ratios would you calculate?
Answer: A
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If you were asked to express the overall performance of an entityas a percentage of its total investment in net assets which of the following ratios would you calculate?