CIMAPRA19-F01-1 Exam - Topic 4 Question 34 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 34
Topic #: 4

The following information is extracted from OO's statement of financial position at 31 March:

Included in other payables is interest payable of $80,000 at 31 March 20X2 and $73,000 at 31 March 20X1.

The following information if included within OO's statement of profit or loss for the year ended 31 March 20X2:

Included within finance cost is $124,000 which relates to interest paid on a finance lease. 00 includes finance lease interest within financing activities on its statement of cash flows.________________

Within OO's statement of cash flow for the year ended 31 March 20X2 which figures should be included to reflect the changes in working capital within the net cash flow from operating activities?

AOption A

BOption B

COption C

DOption D

Show Suggested Answer

Suggested Answer: C

by Alease at May 04, 2022, 01:01 PM

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Kristel

4 months ago

$124k finance cost for the lease, noted!

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Lyda

4 months ago

Not sure about those cash flow figures, seems off to me.

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Stephaine

4 months ago

Wait, why is the finance lease interest included in financing activities?

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Galen

4 months ago

Totally agree, that's a significant jump!

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German

5 months ago

Interest payable increased from $73k to $80k.

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Buddy

5 months ago

Okay, I think I got this. If 80% of the data is within 6 standard deviations, that means the process is really tightly controlled. So the answer must be True.

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Chanel

5 months ago

This looks like a tricky one. I'll need to think through the requirements carefully to come up with the best solution.

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Frederick

5 months ago

This looks straightforward - I'm pretty sure it's the Board of Directors. They set overall strategy and have ultimate governance responsibility.

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Alfred

5 months ago

Hmm, I'm not totally sure about this one. I'll need to think it through carefully. Maybe I should review the Cisco WSA documentation again to make sure I understand the different report types.

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Santos

5 months ago

This is a good opportunity to demonstrate my understanding of Azure Cognitive Search and access control. I'll make sure to carefully consider each of the options and select the three that best solve the problem.

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