Deal of the Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

CIMAPRA19-F02-1 Exam

Certification Provider: CIMA
Exam Name: F2 Advanced Financial Reporting
Number of questions in our database: 248
Exam Version: May. 28, 2023
CIMAPRA19-F02-1 Exam Official Topics:
  • Topic 1: Single Topic

Free CIMA CIMAPRA19-F02-1 Exam Actual Questions

The questions for CIMAPRA19-F02-1 were last updated On May. 28, 2023

Question #1

When accounting for a finance lease under IAS 17 Leases, which TWO of the following are recognised in the statement of profitor loss?

Reveal Solution Hide Solution
Correct Answer: A, B

Question #2

AB sold the majority of its operating equipment to LM for cash on 30 December 20X9 and then immediately leased it back under an operating lease.

AB used the cash proceeds from the sale to reduce its long term borrowings significantly. No early repayment charge was levied by the lender.

Which of the following statements is truein respect of AB's ratios calculated at 31 December 20X9?

Reveal Solution Hide Solution
Correct Answer: D

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?

Reveal Solution Hide Solution
Correct Answer: B

Question #4

AB sold the majority of its operating equipment to LM for cash on 30 December 20X9 and then immediately leased it back under an operating lease.

AB used the cash proceeds from the sale to reduce its long term borrowings significantly. No early repayment charge was levied by the lender.

Which of the following statements is truein respect of AB's ratios calculated at 31 December 20X9?

Reveal Solution Hide Solution
Correct Answer: D

Question #5

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?

Reveal Solution Hide Solution
Correct Answer: B


Unlock all CIMAPRA19-F02-1 Exam Questions with Advanced Practice Test Features:
  • Select Question Types you want
  • Set your Desired Pass Percentage
  • Allocate Time (Hours : Minutes)
  • Create Multiple Practice tests with Limited Questions
  • Customer Support
Get Full Access Now
Disscuss CIMA CIMAPRA19-F02-1 Topics, Questions or Ask Anything Related

Save Cancel