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  • CIMAPRA19-F02-1: F2 Advanced Financial Reporting

CIMAPRA19-F02-1 Exam Questions

Exam Name: F2 Advanced Financial Reporting
Exam Code: CIMAPRA19-F02-1
Related Certification(s): CIMA Professional Qualification Certification
Certification Provider: CIMA
Number of CIMAPRA19-F02-1 practice questions in our database: 248 (updated: Nov. 14, 2024)
Expected CIMAPRA19-F02-1 Exam Topics, as suggested by CIMA :
  • Topic 1: Financing Capital Projects: Understanding long-term finance and the cost of capital is essential for evaluating and managing capital projects effectively. For the CIMAPRA19-F02-1 exam you will need to grasp how to secure and allocate financial resources over extended periods while minimizing costs.
  • Topic 2: Financial Reporting Standards: The CIMAPRA19-F02-1 exam will assess your understanding of various financial reporting standards, including the treatment of financial instruments, leases, revenue recognition, provisions, intangible assets, income taxes, and foreign currency transactions. Mastery of these topics ensures accurate and compliant financial reporting.
  • Topic 3: Group Accounts: Group accounts are a critical component of the CIMAPRA19-F02-1 exam. You will need to understand the intricacies of consolidating financial statements, managing subsidiaries, associates, joint arrangements, and foreign subsidiaries, and making related party disclosures. These skills are crucial for preparing accurate group financial statements.
  • Topic 4: Integrated Reporting: Integrated Reporting is a key topic in the CIMAPRA19-F02-1 exam, focusing on how organizations present a holistic view of their strategy, governance, performance, and prospects.
  • Topic 5: Analysing Financial Statements: For the CIMAPRA19-F02-1 exam, proficiency in analyzing financial statements is essential. This involves interpreting data to assess the financial health and performance of an organization, which is crucial for making informed business decisions and strategic planning in the accounting and finance sectors.
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Lai

5 days ago
I just passed the CIMA F2 exam, and the Pass4Success practice questions were invaluable. One question that threw me off was about analyzing financial statements, specifically how to interpret the acid-test ratio in different industries. I wasn't sure if my interpretation was correct, but I still passed!
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Willis

13 days ago
Nailed the CIMA F2 exam! Thanks Pass4Success for the relevant practice questions.
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Mollie

21 days ago
Happy to share that I passed the CIMA F2 exam! The Pass4Success practice questions were spot on. There was a question on Integrated Reporting that asked about the six capitals model and how it integrates into financial reporting. I found it confusing but managed to get through it and pass!
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Julieta

1 months ago
I passed the CIMA F2 exam, and I owe a lot to the Pass4Success practice questions. One challenging question was about the different methods of financing capital projects. It asked to compare the cost implications of equity financing versus debt financing. I wasn't completely confident in my answer, but I still succeeded!
upvoted 0 times
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Dana

1 months ago
CIMA F2 exam done! Pass4Success helped me prep quickly. Their questions were invaluable.
upvoted 0 times
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Lizbeth

2 months ago
Just cleared the CIMA F2 exam, and those Pass4Success practice questions were a lifesaver. There was a tricky question on Financial Reporting Standards, particularly about the recognition criteria for intangible assets. I had to think hard about whether development costs should be capitalized or expensed. Despite my uncertainty, I passed!
upvoted 0 times
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Eva

2 months ago
Just passed F2! Faced questions on IFRS for SMEs. Understand key differences from full IFRS. Thanks to Pass4Success for comprehensive coverage of this topic!
upvoted 0 times
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Joanna

2 months ago
I recently passed the CIMA F2 Advanced Financial Reporting exam, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the consolidation of financial statements under Group Accounts. Specifically, it asked how to treat non-controlling interests in the consolidated balance sheet. I wasn't entirely sure, but I still managed to pass!
upvoted 0 times
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Val

2 months ago
Just passed F2 Advanced Financial Reporting! Pass4Success's questions were spot-on. So relieved!
upvoted 0 times
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Brock

5 months ago
Just passed the CIMA F2 exam! Watch out for questions on consolidation adjustments in group financial statements. Practice identifying and calculating non-controlling interests. Thanks to Pass4Success for their spot-on practice questions that helped me prepare efficiently!
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Free CIMA CIMAPRA19-F02-1 Exam Actual Questions

Note: Premium Questions for CIMAPRA19-F02-1 were last updated On Nov. 14, 2024 (see below)

Question #1

HJ is currently in dispute with an employee, who is claiming $400,000 in a legal case against them.

HJ's legal advisors have stated that it is probable that they willlose the case and will have to pay the amount claimed.

Also, HJ areclaiming $250,000 from a supplierof defective goods and the legal advisors have stated that it is probable that HJ will besuccessful in this claim.

What is the correct accounting treatment for these two items in HJ'sfinancial statements?

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Correct Answer: A

Question #2

The basic earning per share computed by a company for year ended 31st March 20X7 is 2 per share. The company had certain convertible debentures outstanding as on 31st March 20X7. The conversion of debentures to equity shares would result in the earnings per share to be 2.2. Which of the following should the company disclose?

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Correct Answer: A

Question #3

Which of the followingreduce the usefulnessof ratio analysis when comparing entities that operate in the same industry?

Select ALL that apply.

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Correct Answer: A, B, D, E

Question #4

JJ's current share price is $1.80,with a dividend of $0.20 a share just about to be paid.

Dividends have increased at an average annualgrowth rate of 4.5% and this is expected to continue into the future.

What is JJ'scost of equity?

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Correct Answer: A

Question #5

LM acquired 80% of the equity shares of ST when ST's retained earnings were $50 million. The fair value of the net assets of ST included a contingent liability with a fair value of $100 million at the date of acquisition and a fair value of $40 million at 31 December 20X6. No other fair value adjustments were required at the date of acquisition.

LM and ST had retained earnings of $200 million and $80 million respectively at 31 December 20X6.

The consolidated retained earnings of LM at 31 December 20X6 were:

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Correct Answer: C

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