CIMAPRA19-F02-1 Exam - Topic 1 Question 28 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 28
Topic #: 1

Which THREE of the following would determine the functional currency of an overseas subsidiary in accordance with IAS 21 The Effects of Changes in Foreign Exchange Rates?

AThe currency which principally influences selling prices for goods and services.

BThe currency in which operating receipts are retained.

CThe currency that mainly influences labour, material and other costs.

DThe currency which the parent company uses to present its financial statements.

EThe currency in which all non-current assets are purchased and recognised.

FThe currency which principally influences the choice of functional currency of the parent.

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Suggested Answer: A, B, C

by Jacqueline at May 09, 2022, 02:31 AM

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5 months ago

The ability to change the survey designs and update them twice a year is definitely important. I'd focus on those requirements first.

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To approach this, I'd first identify the key PRINCE2 processes and principles at play, like 'Controlling a Stage'. Then I'd consider the appropriate level of reporting and control based on the team manager's experience and the project's needs.

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Bernardo

5 months ago

I think I came across a similar question in my practice tests. If I recall correctly, you can set up a Blue Prism environment without it, but it's not ideal.

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CIMAPRA19-F02-1 Exam - Topic 1 Question 28 Discussion

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