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Free CIMA CIMAPRO19-F02-1-ENG Exam Questions

Absolute Free CIMAPRO19-F02-1-ENG Exam Practice for Comprehensive Preparation 

  • CIMA CIMAPRO19-F02-1-ENG Exam Questions
  • Provided By: CIMA
  • Exam: F2 Advanced Financial Reporting
  • Certification: CIMA Professional Qualification
  • Total Questions: 270
  • Updated On: Mar 28, 2025
  • Rated: 4.9 |
  • Online Users: 540
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  • Question 1
    • WX acquired60% of theequitysharesof CD on 1 January 20X3. WX sold5% of the equityshares it heldfor $60,000on 31 December 20X5. At that datethe net assetsof CD were $120,000and thefair value of the non-controlling interestin CDwas measured at$21,000.No goodwill arose on the original acquisition of CD.
      When preparing its consoldiated financial statements, WX will process which of the following adjustments to its group retained earnings?

      Answer: B
  • Question 2
    • Which TWO of the following are true in relation to IAS21 The Effects of Changes in Foreign Exchange Rates when consolidating an overseas subsidiary?

      Answer: A,B
  • Question 3
    • GH owned 70% of the equity share capital of XY at 1 January 20X6. GH acquired a further 20% of XY's equity share capital on 31 December 20X6 for $430,000. Non controlling interest was measured at $600,000 immediately prior to the 20?quisition.
      Which of the following amounts will GH debit to non controlling interest when the 20?quisition is adjusted for in its consolidated financial statements at 31 December 20X6?

      Answer: A
  • Question 4
    • KL sells luxury leather handbags and has 3 stores in exclusive shopping areas. Following years of static revenues and margins, in August 20X6KLopened a fourth store at a busy airport terminal which is proving to be successful.
      The revenue and gross profit of KL for the years ended 31 March 20X7 and 20X6 are as follows:

      1

      Which of the following would be a contributing factor to the movement in the gross profit margin of KL?

      Answer: A
  • Question 5
    • When establishing a group structure, which of the following factors need to be considered: Select ALL that apply.

      Answer: A,B,C
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