Most Recent CIMAPRA19-F02-1 Exam Dumps

Prepare for the CIMA F2 Advanced Financial Reporting exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRA19-F02-1 exam and achieve success.

The questions for CIMAPRA19-F02-1 were last updated on Mar 29, 2025.

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Question No. 1

XYacquired 75% of the equitysharesof LMon 31 December 20X3. LMacquired 60% of the equitysharesof JK on 31 December 20X4 for $950,000. XYmeasuredthe non controlling interest in JKat the date of acquisitionusing the proportionate share ofthe fair value of thenet assetsacquired. The fair value of JK's net assets was $850,000 at 31 December 20X4.

What is the value of goodwillthat XY will include in itsconsolidated statement of financial positionat 31 December 30X4 in respect of JK as a result of gaining indirect control?

A$330,000

B$202,500

C$567,500

D$440,000

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Correct Answer: A

Question No. 2

An investor owns 75 shares values at $1.50 each. If the shares increase in value to $1.75, how much money will the investor have made through this capital gain?

A$18.75

B$131.25

C$187.50

D$112.50

E$26.25

F$15

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Correct Answer: A

Question No. 3

MNO has calculated its return on capital employed ratio for 20X4 and 20X5 as 41% and 56% respectively.

Taking each statement in isolation, which would explain the movement in the ratio between the2 years?

AIn 20X5 the average interest rate on borrowing decreased compared to 20X4.

BIn 20X4 an onerous contract was provided for and this provision did not change in 20X5.

CIn 20X5 the increase in value of MNO's head office was reflected in the financial statements.

DIn 20X4 an unused building was sold at a price in excess of its carrying value.

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Correct Answer: B

Question No. 4

What figure will be presented inGHI's consolidated statement of changes in equity for the year ended 31 December 20X4, in respect ofdividends paidtonon-controlling interest?

A$25,000

B$125,000

C$100,000

D$0

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Correct Answer: A

Question No. 5

GG's gearing is currently 50% compared to the industry average of 40% (both measured as debt/equity). GG's debt is all in the form of a single bank loan that is repayable in five years' time. The directors of GG are seeking to raise finance for a new project and they are considering an additional bank loan from the same bank.

Which of the following would prevent the bank from lending the finance for the project in the form of a new bank loan?

AA covenant on the existing bank loan that restricts the level of dividend that can be paid.

BA projected decrease in interest cover that would breach a covenant on the existing loan.

CThe revaluation of GG's property that shows an increase in its value since the existing bank loan was taken out.

DA projected lack of profits to be able to claim tax relief on the additional interest arising from the new loan.

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Correct Answer: B

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