Curious about Actual CIMA Professional Qualification (CIMAPRA19-F02-1) Exam Questions?

Here are sample CIMA F2 Advanced Financial Reporting (CIMAPRA19-F02-1) Exam questions from real exam. You can get more CIMA Professional Qualification (CIMAPRA19-F02-1) Exam premium practice questions at TestInsights.

Page: 1 /
Total 248 questions

Want more questions? Get Premium Access.

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.

Correct : A

Options Selected by Other Users:

Mark Question:

Start a Discussions

Submit Your Answer:

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.

0 / 1500

Question 2

Which of the following statements are true regarding consolidated cash flows after the acquisition of a subsidiary?

Select ALL that apply.

AThe subsidiary's cash inflows and outflows become part of the group after purchase

BCash acquired from the subsidiary upon purchase is represented as a cash inflow

CAdjustments need to be made to group working capital in light of the working capital acquired from the subsidiary

DNet cash paid to acquire a subsidiary is shown as a cash inflow within the cash flow from investing activities

EDisclosure notes are required to show cash and cash equivalents paid or received, but not details of goodwill, assets and liabilities acquired

FFurther adjustments are required to cash inflows and outflows after profit has been consolidated

Correct : A, B, C

Options Selected by Other Users:

Mark Question:

Start a Discussions

Submit Your Answer:

AThe subsidiary's cash inflows and outflows become part of the group after purchase

BCash acquired from the subsidiary upon purchase is represented as a cash inflow

CAdjustments need to be made to group working capital in light of the working capital acquired from the subsidiary

DNet cash paid to acquire a subsidiary is shown as a cash inflow within the cash flow from investing activities

EDisclosure notes are required to show cash and cash equivalents paid or received, but not details of goodwill, assets and liabilities acquired

FFurther adjustments are required to cash inflows and outflows after profit has been consolidated

0 / 1500

Question 3

Which of the following examples of contracts will use cost of sales as the balancing figure when calculating profit or loss?

Select ALL that apply.

AContract A has a total value of50m, costs to date of42m and expected costs to completion of15m. The project's % stage of completion is 74% using the cost method.

BContract A has a total value of55m, costs to date of33m and expected costs to completion of18m.

CContract A has a total value of75m, costs to date of61m and expected costs to completion of20m. The contracts % stage of completion was calculated by dividing its value to date of45m by75m.

DContract A has a total value of60m, costs to date of42m and expected costs to completion of15m. The project's % stage of completion is 80% using the value method.

EContract A has a total value of85m, costs to date of69m and expected costs to completion of22m. The contracts % stage of completion was calculated by dividing its costs incurred to date of69m by 75m.

Correct : C, D

Options Selected by Other Users:

Mark Question:

Start a Discussions

Submit Your Answer:

AContract A has a total value of50m, costs to date of42m and expected costs to completion of15m. The project's % stage of completion is 74% using the cost method.

BContract A has a total value of55m, costs to date of33m and expected costs to completion of18m.

CContract A has a total value of75m, costs to date of61m and expected costs to completion of20m. The contracts % stage of completion was calculated by dividing its value to date of45m by75m.

DContract A has a total value of60m, costs to date of42m and expected costs to completion of15m. The project's % stage of completion is 80% using the value method.

0 / 1500

Question 4

Which of the following examples would be classed as related parties ofJH Ltd due to the power they possess to directly influence the company?

1: JH Ltd's managing director

2: The son of JH Ltd's managing director, who is an intern in the company's office

3: The brother of JH Ltd's managing director, whose business supplies a large amount of production material for the company

4: JH Ltd's subsidiary company, AL Ltd

5: BR PLC, one of JH Ltd's regular customers

A1&4

C1, 2, 3 & 4

D2, 3 & 4

E1, 2 & 3

FAll of the above

Correct : B

Options Selected by Other Users:

Mark Question:

Start a Discussions

Submit Your Answer:

A1&4

C1, 2, 3 & 4

D2, 3 & 4

E1, 2 & 3

FAll of the above

0 / 1500

Question 5

A local council is one year into a two year project to renovate local parks. The project is on track to be completed within the set time-scale, however it has proved more costly than initially expected.

The project is on track to be completed within its two year period. Contracts for the labour and materials needed to renovate the parks were agreed at the start of the project and no changes have arisen. Despite the fact that the council has yet to fully settle these contracts, costs are set to be as budgeted.

Why would this example not be recognised as a provision?

ANeither the timing nor the amount of the provision is uncertain.

BThe settlement of the contract is unlikely to result in an outflow from the council.

CThe council doesn't have a present obligation from the project.

DThe council has no potential future obligations arising from the project.

Correct : A

Options Selected by Other Users:

Mark Question:

Start a Discussions

Submit Your Answer:

ANeither the timing nor the amount of the provision is uncertain.

BThe settlement of the contract is unlikely to result in an outflow from the council.

CThe council doesn't have a present obligation from the project.

DThe council has no potential future obligations arising from the project.

0 / 1500

Page: 1 / 50
Total 248 questions

Unlock Full
CIMAPRA19-F02-1 Exam Features

In Just $49 You can Access

All Official Question Types
Interactive Web-Based Practice Test Software
No Installation or 3rd Party Software Required
Customize your practice sessions (Free Demo)
24/7 Customer Support

Get Full Access Now

Marked Questions
CIMAPRA19-F02-1 Exam

CIMAPRA19-F02-1 Exam Question 1
CIMAPRA19-F02-1 Exam Question 2
CIMAPRA19-F02-1 Exam Question 3
CIMAPRA19-F02-1 Exam Question 4
CIMAPRA19-F02-1 Exam Question 5

Download PDF File Demo

Try Web-Based Exam Practice Software Demo

Commenting

In order to participate in the comments you need to be logged-in.
You can sign-up or login