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Free CIMA CIMAPRA19-F02-1-ENG Exam Questions

Absolute Free CIMAPRA19-F02-1-ENG Exam Practice for Comprehensive Preparation 

  • CIMA CIMAPRA19-F02-1-ENG Exam Questions
  • Provided By: CIMA
  • Exam: F2 Advanced Financial Reporting (Online)
  • Certification: CIMA Professional Qualification
  • Total Questions: 270
  • Updated On: May 12, 2025
  • Rated: 4.9 |
  • Online Users: 540
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  • Question 1
    • LM acquired an asset under a 5-year non-cancellable operating lease agreement on 1 January 20X8. Under the terms of the agreement, LM paid nothing for the first year and then made fourpayments of $50,000 in each subsequent year. LM adopted the provisions of IAS 17 Leases when accounting for this agreement.
      Which of the following is correct in respect of this operating lease in LM's financial statements for the year to 31December 20X8?

      Answer: A
  • Question 2
    • JKL measure gearingas debt:equity, based on book values.At 31 December 20X5the ratio is 2:3 and JKL would like this to be 2:5.
      Which of the following transactions individually would achieve this?

      Answer: B
  • Question 3
    • 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?

      Answer: C
  • Question 4
    • Information from the financial statements of RST for the year ended 30 April 20X9 is as follows:

      1

      At 30 April 20X9 the ordinary shares are trading at $4.75.
      What is the price earnings (P/E) ratio for RST at 30 April 20X9?

      Answer: A
  • Question 5
    • RS has issued an instrument with a nominal value of $1 million, at a discount of 2.5%, and a coupon rate of 6%. The terms of the issue are that the instrument must eitherbe redeemed at par, at the option of the holder, in three years' time, or alternativelyconverted into equity shares in RS.
      The characteristics of this instrument taken as a whole indicates that it would be classifed as which of the following?

      Answer: A
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