CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 91 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 91
Topic #: 1

Operating segments are separately reportable where they exceed 15% of revenue / profits / assets. These must in total cover 80% of total revenue. Is this statement true or false?

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Jestine at Jul 01, 2024, 09:03 PM

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Daniela

4 months ago

True, unless the company is run by a bunch of clowns. Then all bets are off!

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Kanisha

5 months ago

False, this is clearly a trick question. Next they'll ask us to calculate the operating segments using Roman numerals. *sigh*

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Vallie

3 months ago

No, it's false. It's not a trick question.

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Halina

3 months ago

I think it's true.

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Lettie

3 months ago

B) False

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Ettie

4 months ago

A) True

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Iluminada

5 months ago

True, but it's a pain to track all those percentages. I wish they'd just keep it simple!

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Latosha

3 months ago

I think it's necessary to ensure that all important segments are properly accounted for.

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Keneth

4 months ago

I agree, it's a lot of work to track all those percentages.

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Yolando

4 months ago

It can be a hassle, but it's important for transparency and accuracy.

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Louisa

4 months ago

True, but it's necessary for accurate financial reporting.

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Michel

4 months ago

I agree, it's a lot of work to track all those numbers.

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Vallie

4 months ago

It can be a hassle, but it's important for transparency.

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Oneida

5 months ago

False, I'm pretty sure the threshold is 10% of total, not 15%. This exam is trying to trip us up.

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Jamal

4 months ago

B) False

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Willetta

4 months ago

A) True

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Jacob

5 months ago

I believe the 80% requirement ensures that the most significant segments are captured, while still allowing for flexibility.

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Evangelina

5 months ago

But what if there are smaller segments that are also important?

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Elroy

5 months ago

I agree, because it ensures that significant segments are separately reported.

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Lauran

5 months ago

I think the statement is true.

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Lawana

5 months ago

True, that's what I learned in my accounting class. Can't believe they're testing us on this obscure rule!

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Clorinda

4 months ago

I remember studying this for the exam, it's definitely true.

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Karl

4 months ago

B) False

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Carin

4 months ago

I know, it's crazy how specific some of these rules are.

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Vashti

4 months ago

A) True

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