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: Apr 16, 2026
  • Rated: 4.9 |
  • Online Users: 540
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  • Question 1
    • 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 2
    • 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 3
    • 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 4
    • When accounting for a finance lease under IAS 17 Leases, which TWO of the following are recognised in the statement of profitor loss?

      Answer: A,B
  • Question 5
    • AB owned 80% of the equity share capital of FG at 1 January 20X6. AB disposed of 10% of FG's equity share capital on 31 December 20X6 for $400,000. The non controlling interest was measured at $700,000 immediately prior to the disposal.
      Which of the following represents the adjustment that AB made to non controlling interest in respect of the disposal when it prepared its consolidated financial statements at 31 December 20X6?

      Answer: A
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