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Free CIMAPRA19-F02-1 Exam Dumps May 2026
Here you can find all the free questions related with CIMA F2 Advanced Financial Reporting (CIMAPRA19-F02-1) exam. You can also find on this page links to recently updated premium files with which you can practice for actual CIMA F2 Advanced Financial Reporting Exam. These premium versions are provided as CIMAPRA19-F02-1 exam practice tests, both as desktop software and browser based application, you can use whatever suits your style. Feel free to try the F2 Advanced Financial Reporting Exam premium files for free, Good luck with your CIMA F2 Advanced Financial Reporting Exam.MultipleChoice
PQ entered into a $300,000contract on 1 January 20X9 to provide computer hardware to WX with support services for the3 years from the date of installation.
The contract is made up as follows:
The hardware was delivered to WX on 1 January 20X9 and installed immediately. WX paid the full value of the contract on 30 June 20X9.
What journal entry records PQ's revenue from this contract for the year ended 31 December 20X9?
CorrectText
AB acquired an investment in a debt instrument on 1 January 20X5 at its nominal value of $25,000, which it intends to hold until maturity.The instrument carried a fixed coupon interest rate of 5%, payable in arrears. Transactions costs of $5,000 were paid in respect of this investment. The effective interest rate applicable to this instrument was estimated at 9%.
Calculate the value of this investment that AB will include in its statement of financial position at 31 December 20X5.
Giveyour answer to the nearest whole number.
$?
CorrectText
LKacquired 100% of the equitysharesof TU on 1 January 20X4. LK disposed of 60% of TU for 2,400,000 on 30 September 20X4.The sale proceedsreflectedthe fair value of TU's shares on that date.
The remaining 40% shareholding gave LKthe ability to exercisesignificant influence overthe activities ofTU. TUreported profit of $1,800,000 for the year ended 31 December 20X4 and this accrued evenly throughout the year.
Calculate the investment in associatethat will be presented inLK's consolidated statement of financial position as at 31 December 20X4.
Give your answer to the nearest whole $'000.
$ 000
CorrectText
Calculate the value ofnon controlling interestthat will be presentedinKL's consolidated statement of financial position at 31 December 20X9?
Give your answer to the nearest whole $'000.
$? 000
CorrectText
InrecentyearsEBITDAhasbeenadoptedbylargeentitiesasakeymeasureofperformance.
The following figures have been extracted from the financial statements of UV for the year ended30 November 20X9:
What is EBITDA for UV for the year ended 30 November 20X9?
Give your answer to the nearest $'000.
CorrectText
InrecentyearsEBITDAhasbeenadoptedbylargeentitiesasakeymeasureofperformance.
The following figures have been extracted from the financial statements of UV for the year ended30 November 20X9:
What is EBITDA for UV for the year ended 30 November 20X9?
Give your answer to the nearest $'000.
$? 000
