Name: CIMA CIMAPRA19-F02-1 Exam
Brand: Pass4Success
SKU: CIMAPRA19-F02-1
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Brock

22 days ago

Just passed the CIMA F2 exam! Watch out for questions on consolidation adjustments in group financial statements. Practice identifying and calculating non-controlling interests. Thanks to Pass4Success for their spot-on practice questions that helped me prepare efficiently!

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Free CIMA CIMAPRA19-F02-1 Exam Actual Questions

Note: Premium Questions for CIMAPRA19-F02-1 were last updated On Jul. 16, 2024 (see below)

Question #1

Which of the following best describes the goal of WACC as a measure?

ATo work out the average return that is required by the company on its investments in order to satisfy all shareholders and debt holders.

BTo work out the average return that is required by the company on its investments in order to satisfy all shareholders.

CTo work out the average return that is required by the company on its investments in order to satisfy all debt holders.

DTo work out the minimum return that is required by the company on its investments in order to satisfy all shareholders and debt holders.

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Correct Answer: A

Question #2

The basic earning per share computed by a company for year ended 31st March 20X7 is 2 per share. The company had certain convertible debentures outstanding as on 31st March 20X7. The conversion of debentures to equity shares would result in the earnings per share to be 2.2. Which of the following should the company disclose?

ABasic earnings per share only

BDiluted earnings per share only

CBoth basic and diluted earnings per share

DNeither basic nor diluted earnings per share

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Correct Answer: A

Question #3

Operating segments are separately reportable where they exceed 15% of revenue / profits / assets. These must in total cover 80% of total revenue. Is this statement true or false?

ATrue

BFalse

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Correct Answer: B

Question #4

A group presents its financial statements in A$.

The goodwill of its only foreign subsidiary was measured at B$100,000 at acquisition. There have been no impairments to this goodwill.

Exchange rates (where A$/B$ is the number of B$'s to each A$) are as follows:

The value of goodwill to be included in the group's statement of financial position in respect of its foreign subsidiary for the year ended 31 December 20X4 is:

AA$75,758.

BA$66,667.

CA$150,000.

DA$132,000.

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Correct Answer: A

Question #5

Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.

AOnly provides historic data

BOnly provides financial information

CLimited information to identify trends over time

DProvide only summarised information

EContains complicated information that needs to be summarised

FOnly provides forecast data

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Correct Answer: A, B, C, D

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