Consideration service

Our company has realized that a really good product is not only reflected on the high quality but also the consideration service, including the pre-sale service and after-sale service. So we not only provide all people with the F2 test training materials with high quality, but also we are willing to offer the fine pre-sale and after-sale service system for the customers, these guarantee the customers can get that should have. If you decide to buy the F2 learn prep from our company, we are glad to arrange our experts to answer your all questions about the study materials. We believe that you will make the better choice for yourself by our consideration service.

Persist in innovation

Although our company has designed the best and most suitable F2 learn prep, we also do not stop our step to do research about the study materials. All experts and professors of our company have been trying their best to persist in innovate and developing the F2 test training materials all the time in order to provide the best products for all people and keep competitive in the global market. We believe that the study materials will keep the top selling products. We sincerely hope that you can pay more attention to our F2 study questions.

Provide all people with the free demo

According to the survey of our company, we have known that a lot of people hope to try the F2 test training materials from our company before they buy the study materials, because if they do not have a try about our study materials, they cannot sure whether the study materials from our company is suitable for them to prepare for the exam or not. So a lot of people long to know the F2 study questions in detail. In order to meet the demands of all people, our company has designed the trail version for all customers. We can promise that our company will provide the demo of the F2 learn prep for all people to help them make the better choice. It means you can try our demo and you do not need to spend any money.

The first goal of our company is to help all people to pass the F2 exam and get the related certification in the shortest time. Through years of concentrated efforts of our excellent experts and professors, our company has compiled the best helpful and useful F2 test training materials to meet all people’s demands, and in addition, we can assure to everyone that our study materials have a higher quality than other study materials in the global market, at the same time, these people will be easier to be admitted to the human resources supervisor. The F2 learn prep from our company has helped thousands of people to pass the exam and get the related certification, and then these people have enjoyed a better job and a better life. It has been generally accepted that the F2 study questions are of significance for a lot of people to pass the exam and get the related certification.

DOWNLOAD DEMO

CIMA Advanced Financial Reporting Sample Questions:

1. Mr D, a CIMA qualified accountant, is working on the preparation of a long term profit forecast required by the local stock market prior to a new share issue of equity shares. At the most recent board meeting the directors requested that the forecast be inflated. In Mr D's view this would grossly overestimate the forecast profit. The board intends to publish the revised inflated forecast.
Which THREE of the following are the ethical options available to Mr D in this situation?

A) Consider resignation of his post as accountant.
B) Discuss the situation with his line manager.
C) Adjust the figures in line with the board's request as this is a forecast and not the financial statements.
D) Consider reporting the situation to the appropriate authorities.
E) Delegate the work to a subordinate.
F) Submit the original forecast without the board's approval.

2. CD acquired 100% of the equity share capital of FG for cash consideration of Kr1,200,000 on 1 January
20X7.
Retained earnings of FG at the date of acquisition was Kr800,000. CD operates from Country A and its functional and presentation currency is $. FG is located and trades throughout Country B and its functional currency is the Krona (Kr).
CD has no other subsidiaries. Goodwill had not suffered any impairment to date.
Summarised data from the statements of financial position for both entities at 31 December 20X7 is presented below:

Calculate the exchange difference arising on the retranslation of goodwill on the acquisition in the consolidated statement of financial position of CD at 31 December 20X7.
Give your answer to the nearest $000.

3. Ratios have been produced below for EF for the year to 31 March:

Which TWO of the following could explain the movement in both gearing and ROCE?

A) A debt issue on 31 March 20X3.
B) A bonus issue of shares on 1 April 20X2.
C) A revaluation upwards on the head office property on 1 April 20X2.
D) A rights issue on 31 March 20X3.
E) A bank loan to purchase new machinery on 31 March 20X3.

4. The yield to maturity of a redeemable bond is calculated as the internal rate of return of the relevant cash flows associated with the bond.
Which TWO of the following are considered relevant cash flows in this calculation?

A) The redemption value of the bond at the date of redemption.
B) The market value of the bond now.
C) The annual interest payments net of tax relief.
D) The value of the conversion premium on conversion to equity shares.
E) The nominal value of the bond now.

5. On 1 September 20X3, GH purchased 200,000 $1 equity shares in QR for $1.20 each and classified this investment as held for trading.
GH paid a 1% transaction fee to its broker on this transaction. QR's equity shares had a fair value of
$1.35 each on 31 December 20X3.
Which of the following journals records the subsequent measurement of this financial instrument at 31 December 20X3?

A) Option B
B) Option D
C) Option C
D) Option A

Solutions: