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CIMAPRA19-F02-1 Exam - Topic 1 Question 2 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 2
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

EFGispreparingitsfinancial statements to 31 March 20X8. During the year ended 31 March 20X7, EFG purchased a piece of land for $1 millionwhich isused as the staff car park. EFG hasa policy of revaluing land, in accordance withInternationalAccountingStandards, and at 31 March 20X8, accounted for a substantial increase inits value.

Revenue and operating profit has remained constantover the 2 years.

When comparing EFG's financial statements for the year ended 31 March 20X7with those of20X8, which THREE of the following would be expected?

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Suggested Answer: B, D, F

by Raul at May 03, 2022, 11:15 AM

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Bethanie
5 months ago
Not sure about net asset turnover changing, seems tricky.
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Bettina
6 months ago
Agree, return on capital employed should go up.
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Stephanie
6 months ago
Surprised they revalued the land so much!
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Naomi
6 months ago
I think profit before tax will stay the same, right?
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Cristen
6 months ago
Definitely an increase in other comprehensive income!
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Romana
6 months ago
This looks like a tricky regex question. I'll need to carefully read through the options and think about how each one would transform the input stream.
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Leota
7 months ago
Hmm, I'm a bit unsure about this one. The requirements mention querying logs using Kusto, which makes me think an Azure Event Hub might be a good option. But then again, the 2-year retention requirement and the need to minimize admin effort could point more towards a Log Analytics workspace. I'll have to think this through carefully.
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