CIMA Exam CIMAPRA19-F01-1 Topic 2 Question 1 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 1
Topic #: 2

Which THREE of the following statements about government grants are INCORRECT?

AA grant is recognised as revenue

BGrants must not be deducted from the related expenses in financial statements

CCapital grants relate to cash inflow and outflow

DA compensatory grant should be recognised in statements when it is received, not when the expenses it applies to occurred

EA grant is recognised only when there is reasonable assurance that the entity will comply with any conditions attached to the grant

Show Suggested Answer

Suggested Answer: A, B, C

by Sharee at May 09, 2022, 04:06 PM

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