Free CIMAPRA19-F02-1 Exam Dumps July 2026

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Question No: 1

CorrectText

ST acquired two financial investments in the year to 31 December 20X8. One of these investments was initially classified as held for trading, the other as available for sale. ST remeasured both investments at fair value at 31 December 20X8 in accordance with IAS 39 Financial Instruments: Recognition and Measurement. The resulting gains were calculated as follows:

* Gain on held for trading investment $50,000

* Gain on available for sale investment $40,000

What was the value of the gain that ST presented in its other comprehensive income when it prepared its financial statements for the year to 31 December 20X8?

Give your answerto the nearest$000.

$? 000

Question No: 2

MultipleChoice

Which TWOof the following areTRUEin respect of preparing a consolidated statement of cash flows where there has been anacquisition of a subsidiary part way through the year?

Options

AInvesting activities will include a total cash outflow for the acquisition comprising the cash paid for the subsidiary less the cash held by the subsidiary at the acquisition date.

BThe working capital held by the subsidiary at acquisition will be excluded from the year end figures based on the percentage shareholding in the subsidiary.

CNon-controlling interest will arise in relation to the subsidiary and any dividends paid to the non-controlling interest will be shown within financing activities as a cash outflow.

DAny shares that were issued on acquisition of the subsidiary will be shown separately on the statement of cash flows within financing activities.

EThe year end cash and cash equivalents balance will be reduced by the cash and cash equivalents that were held by the subsidiary at the acquisition date.

Question No: 3

CorrectText

The following information has been extracted from the financial records of DEF for the year ended 31 December 20X2.

What is the operating cycle of DEF at 31 December 20X1?

Assume there are 365 days in the year.

All workings should be rounded to whole days.

Give your answer in whole days.

? days.

Question No: 4

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?

Options

AOption A

BOption B

COption C

DOption D

Question No: 5

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.

Question No: 6

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

Question No: 7

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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

Question No: 8

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.

Question No: 9

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

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