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CIMAPRA19-F02-1 Exam Questions

Exam Name: F2 Advanced Financial Reporting
Exam Code: CIMAPRA19-F02-1
Related Certification(s): CIMA Professional Qualification Certification
Certification Provider: CIMA
Number of CIMAPRA19-F02-1 practice questions in our database: 248 (updated: Aug. 09, 2025)
Expected CIMAPRA19-F02-1 Exam Topics, as suggested by CIMA :
  • Topic 1: Financing Capital Projects: Understanding long-term finance and the cost of capital is essential for evaluating and managing capital projects effectively. For the CIMAPRA19-F02-1 exam you will need to grasp how to secure and allocate financial resources over extended periods while minimizing costs.
  • Topic 2: Financial Reporting Standards: The CIMAPRA19-F02-1 exam will assess your understanding of various financial reporting standards, including the treatment of financial instruments, leases, revenue recognition, provisions, intangible assets, income taxes, and foreign currency transactions. Mastery of these topics ensures accurate and compliant financial reporting.
  • Topic 3: Group Accounts: Group accounts are a critical component of the CIMAPRA19-F02-1 exam. You will need to understand the intricacies of consolidating financial statements, managing subsidiaries, associates, joint arrangements, and foreign subsidiaries, and making related party disclosures. These skills are crucial for preparing accurate group financial statements.
  • Topic 4: Integrated Reporting: Integrated Reporting is a key topic in the CIMAPRA19-F02-1 exam, focusing on how organizations present a holistic view of their strategy, governance, performance, and prospects.
  • Topic 5: Analysing Financial Statements: For the CIMAPRA19-F02-1 exam, proficiency in analyzing financial statements is essential. This involves interpreting data to assess the financial health and performance of an organization, which is crucial for making informed business decisions and strategic planning in the accounting and finance sectors.
Disscuss CIMA CIMAPRA19-F02-1 Topics, Questions or Ask Anything Related

Bernardine

2 months ago
CIMA F2 conquered! Pass4Success's exam prep was efficient and effective.
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Royce

4 months ago
Advanced Financial Reporting cert secured! Pass4Success's practice questions were spot-on.
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Inocencia

5 months ago
Passed CIMA F2 in record time! Pass4Success's questions were key to my quick prep.
upvoted 0 times
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Reynalda

6 months ago
F2 exam? Check! Pass4Success made it possible with their targeted prep materials.
upvoted 0 times
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Myong

7 months ago
Aced Advanced Financial Reporting! Pass4Success's questions matched the real exam perfectly.
upvoted 0 times
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Lashaun

7 months ago
Excited to share that I passed the CIMA F2 exam! The Pass4Success practice questions were crucial. One question that puzzled me was about financing capital projects, particularly the advantages and disadvantages of using project finance. Despite my doubts, I passed!
upvoted 0 times
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Luis

8 months ago
CIMA F2 cert achieved! Pass4Success's exam prep was crucial for my success.
upvoted 0 times
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Mattie

8 months ago
I passed the CIMA F2 exam, thanks to the Pass4Success practice questions. One difficult question was about Financial Reporting Standards, specifically IFRS 16 and its impact on lease accounting. I wasn't entirely sure about the right treatment but still managed to pass!
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Peggie

9 months ago
Pass4Success's F2 materials were a lifesaver. Passed with flying colors!
upvoted 0 times
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Ilene

9 months ago
Thrilled to announce that I passed the CIMA F2 exam! The Pass4Success practice questions were a great help. There was a tricky question on Group Accounts, asking how to account for intra-group transactions in the consolidated financial statements. I was unsure but managed to pass!
upvoted 0 times
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Lai

9 months ago
I just passed the CIMA F2 exam, and the Pass4Success practice questions were invaluable. One question that threw me off was about analyzing financial statements, specifically how to interpret the acid-test ratio in different industries. I wasn't sure if my interpretation was correct, but I still passed!
upvoted 0 times
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Willis

9 months ago
Nailed the CIMA F2 exam! Thanks Pass4Success for the relevant practice questions.
upvoted 0 times
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Mollie

10 months ago
Happy to share that I passed the CIMA F2 exam! The Pass4Success practice questions were spot on. There was a question on Integrated Reporting that asked about the six capitals model and how it integrates into financial reporting. I found it confusing but managed to get through it and pass!
upvoted 0 times
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Julieta

10 months ago
I passed the CIMA F2 exam, and I owe a lot to the Pass4Success practice questions. One challenging question was about the different methods of financing capital projects. It asked to compare the cost implications of equity financing versus debt financing. I wasn't completely confident in my answer, but I still succeeded!
upvoted 0 times
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Dana

10 months ago
CIMA F2 exam done! Pass4Success helped me prep quickly. Their questions were invaluable.
upvoted 0 times
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Lizbeth

11 months ago
Just cleared the CIMA F2 exam, and those Pass4Success practice questions were a lifesaver. There was a tricky question on Financial Reporting Standards, particularly about the recognition criteria for intangible assets. I had to think hard about whether development costs should be capitalized or expensed. Despite my uncertainty, I passed!
upvoted 0 times
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Eva

11 months ago
Just passed F2! Faced questions on IFRS for SMEs. Understand key differences from full IFRS. Thanks to Pass4Success for comprehensive coverage of this topic!
upvoted 0 times
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Joanna

11 months ago
I recently passed the CIMA F2 Advanced Financial Reporting exam, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the consolidation of financial statements under Group Accounts. Specifically, it asked how to treat non-controlling interests in the consolidated balance sheet. I wasn't entirely sure, but I still managed to pass!
upvoted 0 times
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Val

11 months ago
Just passed F2 Advanced Financial Reporting! Pass4Success's questions were spot-on. So relieved!
upvoted 0 times
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Brock

1 years 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!
upvoted 0 times
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Free CIMA CIMAPRA19-F02-1 Exam Actual Questions

Note: Premium Questions for CIMAPRA19-F02-1 were last updated On Aug. 09, 2025 (see below)

Question #1

AB's financial information shows that thenon current assets' carrying value is greater than the tax base at the year end.

What is the journal entry to record the movement in the provision for deferred tax resulting from this difference?

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Correct Answer: C

Question #2

GG's gearing is currently 50% compared to the industry average of 40% (both measured as debt/equity). GG's debt is all in the form of a single bank loan that is repayable in five years' time. The directors of GG are seeking to raise finance for a new project and they are considering an additional bank loan from the same bank.

Which of the following would prevent the bank from lending the finance for the project in the form of a new bank loan?

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Correct Answer: B

Question #3

KL acquired 2 million $1 equity shares in MN on 18 July 20X0 for $1.65 a share and classified this investment as available for sale (AFS) in accordance with IAS 39 Financial instruments: Recognition andMeasurement.

KL paid a 0.5% transaction fee to its broker on this transaction. MN's shares were trading at $1.78 on 31 December 20X0.

Which of the following journals records the subsequent measurement of this investment at 31 December 20X0?

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Correct Answer: A

Question #4

Which of the following defines the calculation of interest cover?

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Correct Answer: A

Question #5

AB acquired its one subsidiary, CD, on 1 January 20X1. At this date the fair value of CD's property, plant and equipment was found to be $40 million higher than its carrying value. The relevant items had a remaining estimated useful life of 10 years from the date of acquisition.

At 31 December 20X4 AB and CD presented property, plant and equipment of $100 million and $50 million respectively in their individual financial statements.

The value of property, plant and equipment presented in AB's consolidated statement of financial position at 31 December 20X4 is:

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Correct Answer: A


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