Free CIMA CIMAPRA19-F03-1-ENG Exam Questions
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CIMA CIMAPRA19-F03-1-ENG Exam Questions
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Provided By: CIMA
- Exam: F3 Financial Strategy (Online)
- Certification: CIMA Professional Qualification
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Total Questions: 305
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Updated On: Sep 26, 2024
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Rated: 4.9 |
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Online Users: 610
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Question 1
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Which THREE of the following are considered in detail in IFRS 7 Financial Instruments: Disclosures?
Answer: A,C
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Which THREE of the following are considered in detail in IFRS 7 Financial Instruments: Disclosures?
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Question 2
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An analyst has valued a company using the free cash flow valuation model.The analyst used the following data in determining the value:• Estimated free cashflow in 1 year's time = $100,000• Estimated growth in free cashflow after the first year = 5?ch year indefinitely• Appropriate cost of equity = 10%The result produced by the analyst was as follows:Value of equity = $100,000 (1+0.05)/0.10 = $1,050,000The analyst made a number of errors in determining the value.By how much has the analyst undervalued the company?
Answer: A
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Question 3
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An unlisted company operates in a niche market, exploring the west coast of Africa for new oiI reservoirs.The oil exploration program has been successful in recent years and t now has a substantial amount of oilreserves with a high level of certainty of being recoverable Under financial reporting regulations, oil still in theground is not recognised as an asset unit is extracted.The expense of the exploration program has used up all the company’s available cash resources.The company has denied to list or a stock market and raise finds through an initial public offering to financeits drilling program.Which of the following valuation methods in the appropriate to use in calculating an initial listing price for thiscompany?
Answer: D
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Question 4
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For which THREE of the following risk categories does IFRS 7 require sensitivity analysis?
Answer: A,C,D
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For which THREE of the following risk categories does IFRS 7 require sensitivity analysis?
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Question 5
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A listed company in a high technology industry has decided to value its intellectual capital using theCalculated Intangible Value method (CIV).Relevant data for the company:• Pays corporate income tax at 30%• Cost of equity is 9%, pre-tax cost of debt is 7% and the WACC is 8%• The value spread has been calculated as $26 millionCalculate the CIV for the company.
Answer: A
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