CIMAPRA19-F02-1 Exam Dumps

Vendor

CIMA

Exam Code

CIMAPRA19-F02-1

Exam Name

F2 Advanced Financial Reporting

Exam Duration

Total Questions

248

$ 49

PDF VERSION

DEMO QUESTIONS

Q1:
Which of the following statements are INCORRECT with regards to impairment of financial instruments; Select ALL that apply.

A: Held to maturity instruments and available for sale assets are both measured at amortised cost and are therefore impacted by impairment.

B: If a loss is suspected following an impairment review, a financial asset is written down to its fair value.

C: If a contract relating to a financial instrument is breached then this might be an indication of impairment.

D: In the result of an impairment loss, the carrying amount of the asset is directly reduced, or reduced through an allowance account.

E: The impairment loss on held to maturity instruments is the difference between the assets carrying amount and the present value of its future cashflows.

Answer

Correct Answer: A, B

Q2:
Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.

A: Only provides historic data

B: Only provides financial information

C: Limited information to identify trends over time

D: Provide only summarised information

E: Contains complicated information that needs to be summarised

F: Only provides forecast data

Answer

Correct Answer: A, B, C, D

Q3:
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?

A: Basic earnings per share only

B: Diluted earnings per share only

C: Both basic and diluted earnings per share

D: Neither basic nor diluted earnings per share

Answer

Correct Answer: A

Q4:
Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.

A: Only provides historic data

B: Only provides financial information

C: Limited information to identify trends over time

D: Provide only summarised information

E: Contains complicated information that needs to be summarised

F: Only provides forecast data

Answer

Correct Answer: A, B, C, D

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CIMAPRA19-F02-1 Exam Dumps

Vendor

Exam Code

Exam Name

Exam Duration

Total Questions

$ 49

PDF VERSION

DEMO QUESTIONS

Q1:
Which of the following statements are INCORRECT with regards to impairment of financial instruments; Select ALL that apply.

A: Held to maturity instruments and available for sale assets are both measured at amortised cost and are therefore impacted by impairment.

B: If a loss is suspected following an impairment review, a financial asset is written down to its fair value.

C: If a contract relating to a financial instrument is breached then this might be an indication of impairment.

D: In the result of an impairment loss, the carrying amount of the asset is directly reduced, or reduced through an allowance account.

E: The impairment loss on held to maturity instruments is the difference between the assets carrying amount and the present value of its future cashflows.

Q2:
Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.

A: Only provides historic data

B: Only provides financial information

C: Limited information to identify trends over time

D: Provide only summarised information

E: Contains complicated information that needs to be summarised

F: Only provides forecast data

A: Basic earnings per share only

B: Diluted earnings per share only

C: Both basic and diluted earnings per share

D: Neither basic nor diluted earnings per share

Q4:
Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.

A: Only provides historic data

B: Only provides financial information

C: Limited information to identify trends over time

D: Provide only summarised information

E: Contains complicated information that needs to be summarised

F: Only provides forecast data

Testimonials – Real Results From Real Students

Frequently Asked Question (FAQ's)

Useful Links

Extra Links

info@prep2certs.com

CIMAPRA19-F02-1 Exam Dumps

Vendor

Exam Code

Exam Name

Exam Duration

Total Questions

$ 49

PDF VERSION

DEMO QUESTIONS

Q1: Which of the following statements are INCORRECT with regards to impairment of financial instruments; Select ALL that apply.

A: Held to maturity instruments and available for sale assets are both measured at amortised cost and are therefore impacted by impairment.

B: If a loss is suspected following an impairment review, a financial asset is written down to its fair value.

C: If a contract relating to a financial instrument is breached then this might be an indication of impairment.

D: In the result of an impairment loss, the carrying amount of the asset is directly reduced, or reduced through an allowance account.

E: The impairment loss on held to maturity instruments is the difference between the assets carrying amount and the present value of its future cashflows.

Q2: Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.

A: Only provides historic data

B: Only provides financial information

C: Limited information to identify trends over time

D: Provide only summarised information

E: Contains complicated information that needs to be summarised

F: Only provides forecast data

A: Basic earnings per share only

B: Diluted earnings per share only

C: Both basic and diluted earnings per share

D: Neither basic nor diluted earnings per share

Q4: Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.

A: Only provides historic data

B: Only provides financial information

C: Limited information to identify trends over time

D: Provide only summarised information

E: Contains complicated information that needs to be summarised

F: Only provides forecast data

Testimonials – Real Results From Real Students

Frequently Asked Question (FAQ's)

Useful Links

Extra Links

info@prep2certs.com

Q1:
Which of the following statements are INCORRECT with regards to impairment of financial instruments; Select ALL that apply.

Q2:
Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.

Q4:
Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.