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CIMAPRA19-F01-1 Exam

Certification Provider: CIMA
Exam Name: F1 Financial Reporting
Number of questions in our database: 177
Exam Version: May. 26, 2023
CIMAPRA19-F01-1 Exam Official Topics:
  • Topic 1: Explain specific financial reporting standards/ Managing cash and working capital
  • Topic 2: Idendtify regulators and describe their role/ Explain and calculate operating and cash cycles
  • Topic 3: Apply different techniques used to manage working capital/ Regulatory environment of financial reporting
  • Topic 4: Distinguish between the types and sources of short-term finance/ Apply corporate governance principales to financial reporting
  • Topic 5: Apply financial reporting standards to prepare basic financial statements/ End of topic revision and question practice
  • Topic 6: Indentify the main elements of financial statements/ Revise and practice questions under exam conditions

Free CIMA CIMAPRA19-F01-1 Exam Actual Questions

The questions for CIMAPRA19-F01-1 were last updated On May. 26, 2023

Question #1

LM is preparing its cash forecast for the next three months.

Which of the following items should be left out of its calculations?

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Correct Answer: C

Question #2

Which of the following would NOT be classified as part of non-current assets in a statement of financial position?

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Correct Answer: D

Question #3

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?

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Correct Answer: C

Question #4

Which of the following would NOT be classified as part of non-current assets in a statement of financial position?

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Correct Answer: D

Question #5

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?

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Correct Answer: C


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