Free CIMA CIMAPRO19-F02-1-ENG Exam Questions
Absolute Free CIMAPRO19-F02-1-ENG Exam Practice for Comprehensive Preparation
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CIMA CIMAPRO19-F02-1-ENG Exam Questions
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Provided By: CIMA
- Exam: F2 Advanced Financial Reporting
- Certification: CIMA Professional Qualification
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Total Questions: 270
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Updated On: May 23, 2026
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Rated: 4.9 |
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Online Users: 540
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Question 1
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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?
Answer: D
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Question 2
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RST sells computer equipment and prepares its financial statements to 31 December.On 30 September 20X5 RST soldcomputer software along with a two year maintenance package to a customer. The customer is given the right to return the goods within six months and claim a full refund if they are not satisfied with the computer software. The risk of return is considered to be insignificant for RST.How should the revenue from this transaction and the right of return be recognised in thefinancial statements for the year ended 31 December 20X5?
Answer: D
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Question 3
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An entity undertakes an issue of new debt which has the effect of reducing the entity's weighted average cost of capital (WACC).Which of the following would best explain why the WACC will have fallen?
Answer: A
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Question 4
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When establishing a group structure, which of the following factors need to be considered: Select ALL that apply.
Answer: A,B,C
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When establishing a group structure, which of the following factors need to be considered: Select ALL that apply.
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Question 5
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How would KL account for itsinvestment in MNin its consolidated financial statements for the year to 31 December 20X9?
Answer: A
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How would KL account for itsinvestment in MNin its consolidated financial statements for the year to 31 December 20X9?