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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: Jul 23, 2026
  • Rated: 4.9 |
  • Online Users: 540
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  • Question 1
    • LM has made the following share purchases during the year:
      * Purchased 55% of the equity share capital of OP.
      * Purchased 45% of the equity share capital of QR.LM have the power to appoint the majority of board members on the QR board.
      * Purchased 30% of the equity share capital of ST. LM is represented by one director on the main board of ST which has five members in total. The other 70% of ST's equity share capital is owned by a single company, UV.
      The Managing Director has told you that OP has performed well, but both QR and ST have not performed as expected. He is therefore pleased thatOP will be included as a subsidiaryand that QR and ST will only be included as investments in the group financial statements.
      In accordance with the ethical principle of professional competence and due care how should the investments in OP, QR and ST be treated in the group financial statements?

      Answer: A
  • Question 2
    • On 1 January 20X7 GH purchased plant and equipment at a cost of $400,000. The temporary differences in respect of this plant and equipment at 31 December 20X7 and 20X8 have been calculated as follows:
      Assume that there are no other temporary differences in the periods and that the corporate income tax rate is 25%. GH is expected to have significant taxable profits in the future.
      Which of the following is the correct impact in GH's statement of financial position at 31 December 20X8 in respect of deferred tax?

      Answer: A
  • Question 3
    • What is the total comprehensive incomeattributable to the shareholders of GHI that will be presented in GHI's consolidated statement of changes in equity for the year ended 31 December 20X4?

      Answer: A
  • Question 4
    • Ratios have been produced below for EF for the year to 31 March:

      1

      Which TWO of the following could explain themovement in both gearing and ROCE?

      Answer: A,C
  • Question 5
    • XY's investments enable it to exercisecontrol over AB and havesignificant influence over FG and JK.
      The Managing Director of XY is a non-executive director of LM. XYdoes not hold any investment inLM.
      XYispreparingitsconsolidated financial statements for the year ended 30 September 20X9.
      Which of the followingtransactions during the year will be disclosed in these financial statements in accordance with IAS 24 Related Party Disclosures?

      Answer: B
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