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CIMAPRA19-F02-1 Exam - Topic 1 Question 17 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 17
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

Which TWO of the following are true in relation to IAS21 The Effects of Changes in Foreign Exchange Rates when consolidating an overseas subsidiary?

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Suggested Answer: A, B

by Josephine at May 09, 2022, 09:57 AM

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Sherell
6 months ago
B is spot on, goodwill is always at the period end rate!
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Lawana
6 months ago
E is misleading, it should be the average rate for the period!
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Gene
7 months ago
Wait, is it really true that goodwill isn't re-translated?
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Glendora
7 months ago
I agree, D is correct about goodwill at acquisition rate!
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Chu
7 months ago
A is definitely not true, gains/losses go to profit or loss.
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Cherry
7 months ago
I recall that the statement of profit or loss should be translated using the average rate, not the closing rate, so E seems off to me.
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King
7 months ago
I practiced a similar question where assets and liabilities were translated at the closing rate, so I feel like D is definitely one of the answers.
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Emerson
8 months ago
I'm not entirely sure about B; I thought goodwill was only re-translated at acquisition, but I could be mixing it up with another standard.
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Veronika
8 months ago
I think option A might be correct because I remember something about exchange gains or losses being included in other comprehensive income.
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Flo
8 months ago
This looks like a pretty straightforward question. I'd focus on analyzing the key metrics like annual recurring revenue, renewal rates, and timeliness of bill pay to get a sense of the overall health of the account.
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Regenia
8 months ago
Changing the time zone? That doesn't seem right. I'm going to go with installing a new program.
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Rosalyn
8 months ago
Okay, this looks like a straightforward question about the functionality of cloud moderation. I'll need to carefully read through the options and select the 3 that best match the goals Ursa Major Solar can accomplish.
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Gearldine
8 months ago
The 'l' argument should do the trick. That's the one I'm going with.
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Gracie
8 months ago
Alright, time to put my networking skills to the test. I think the key here is to identify the specific protocol or feature that's needed for SSM on that interface. Gotta eliminate the distractors.
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