CIMA Exam CIMAPRA19-F02-1 Topic 5 Question 110 Discussion

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

Question #: 110
Topic #: 5

RSis alisted entitythat has no subsidiaries although its Finance Director is also a director of TU, an unconnected entity.

It is preparing its financial statements to 30 September 20X6.

Which of the following substantial transactions must be disclosed in these financial statements in accordance withIAS 24 Related Party Disclosures?

APension payments made on behalf of the Managing Director of RS.

BPurchase ofproductionmaterials from TU at a discounted price to the current market value.

CSale of finished goods to TU at normal selling price.

DPerformance related bonuspayments made to the office staff for the year.

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Suggested Answer: A

by Meaghan at Apr 09, 2025, 05:01 AM

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3 days ago

I think option B should be disclosed because it involves a transaction with a related party.

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