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Free CIMA CIMAPRO19-P02-1-ENG Exam Questions

Absolute Free CIMAPRO19-P02-1-ENG Exam Practice for Comprehensive Preparation 

  • CIMA CIMAPRO19-P02-1-ENG Exam Questions
  • Provided By: CIMA
  • Exam: P2 Advanced Management Accounting
  • Certification: CIMA Professional Qualification
  • Total Questions: 205
  • Updated On: Nov 13, 2024
  • Rated: 4.9 |
  • Online Users: 410
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  • Question 1
    • A very large organization is financed by both debt and equity. It evaluates all projects on the basis of their net present value (NPV) using an organization wide weighted average cost of capital as the discount rate.
      For a small project, which TWO of the following would affect the project's cash flows AND the discount rate?

      Answer: A,B
  • Question 2
    • Firefighters risk serious and potentially fatal accidents whenever they attend an incident.
      Which of the following statements is correct?

      Answer: A
  • Question 3
    • You have just assessed an investment proposal, involving an immediate cash outflow followed by a series of cash inflows over the next 7years, by deducing the NPV and the IRR. You have now discovered that you have
      underestimated the discount rate.
      Correcting the underestimation will have the following effect, relative to your original deductions:

      Answer: A
  • Question 4
    • A company has a 31 December year end and pays corporation tax at a rate of 30%. Corporation tax is payable 12 months after the end of the year to which the cash flows relate. The company can claim tax allowable depreciation at a rate of 25% reducing balance. It pays $1 million for a machine on 31 December 20X4. The company's cost of capital is 10%.
      What is the present value of the benefit of the first portion of tax allowable depreciation?

      Answer: D
  • Question 5
    • The following summarised financial statements have been prepared by JNM's North subsidiary for the year just ended:

      1

      Calculate the North subsidiary's Residual Income, assuming that JNM's cost of capital is 10%.
      Give your answer to the nearest $ million.

      Answer: A
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