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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WX acquired60% of theequitysharesof CD on 1 January 20X3. WX sold5% of the equityshares it heldfor $60,000on 31 December 20X5. At that datethe net assetsof CD were $120,000and thefair value of the non-controlling interestin CDwas measured at$21,000.No goodwill arose on the original acquisition of CD.When preparing its consoldiated financial statements, WX will process which of the following adjustments to its group retained earnings?
Answer: B
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Question 2
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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 3
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Which TWO of the following are true in relation to IAS21 The Effects of Changes in Foreign Exchange Rates when consolidating an overseas subsidiary?
Answer: A,B
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Which TWO of the following are true in relation to IAS21 The Effects of Changes in Foreign Exchange Rates when consolidating an overseas subsidiary?
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Question 4
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Whatis meant by the term 'a placing of ordinary shares'?
Answer: A
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Whatis meant by the term 'a placing of ordinary shares'?
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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?