Free CIMA CIMAPRO19-F02-1-ENG Exam Questions
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CIMA CIMAPRO19-F02-1-ENG Exam Questions
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Provided By: CIMA
- Exam: F2 Advanced Financial Reporting
- Certification: CIMA Professional Qualification
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Total Questions: 270
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Updated On: Jan 26, 2025
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Rated: 4.9 |
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Online Users: 540
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Question 1
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When establishing a group structure, which of the following factors need to be considered: Select ALL that apply.
Answer: A,B,C
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When establishing a group structure, which of the following factors need to be considered: Select ALL that apply.
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Question 2
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STacquired 70% of the equitysharesofDE for $87,500 on 30 September 20X5. Atthe date of acquisition the net assets of DE were $54,700 and the fair value of the non controlling interest wasmeasured at $19,700. There has been no impairment of goodwill.On 30 September 20X9 ST disposedofits entire investmentinDE for $262,500 whenthe net assets of DEwere $96,250.What is the gain or loss on disposal of DEthat will be included in ST'sconsolidated profit or lossfor the year ended30 September 20X9?
Answer: D
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Question 3
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WX acquired60% of theequitysharesof CD on 1 January 20X3. WX sold5% of the equityshares it heldfor $60,000on 31 December 20X5. At that datethe net assetsof CD were $120,000and thefair value of the non-controlling interestin CDwas measured at$21,000.No goodwill arose on the original acquisition of CD.When preparing its consoldiated financial statements, WX will process which of the following adjustments to its group retained earnings?
Answer: B
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Question 4
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Whatis meant by the term 'a placing of ordinary shares'?
Answer: A
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Whatis meant by the term 'a placing of ordinary shares'?
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Question 5
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How would KL account for itsinvestment in MNin its consolidated financial statements for the year to 31 December 20X9?
Answer: A
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How would KL account for itsinvestment in MNin its consolidated financial statements for the year to 31 December 20X9?