![CIMA F2 Dumps CIMA F2 Dumps](https://www.certifiedumps.com/images/book.png)
CIMA F2 Dumps PDF
F2 Advanced Financial Reporting- 268 Questions & Answers
- Update Date : September 02, 2024
Master Your Preparation for the CIMA F2
We give our customers with the finest F2 preparation material available in the form of pdf .CIMA F2 exam questions answers are carefully analyzed and crafted with the latest exam patterns by our experts. This steadfast commitment to excellence has built unbreakable trust among countless people who aspire to advance their careers. Our learning resources are designed to help our students attain an impressive score of over 97% in the CIMA F2 exam, thanks to our effective study materials. We appreciate your time and investments, ensuring you receive the best resources. Rest assured, we leave no room for error, committed to excellence.
Friendly Support Available 24/7:
If you face issues with our CIMA F2 Exam dumps, our customer support specialists are ready to assist you promptly. Your success is our priority, we believe in quality and our customers are our 1st priority. Our team is available 24/7 to offer guidance and support for your CIMA F2 exam preparation. Feel free to reach out with any questions if you find any difficulty or confusion. We are committed to ensuring you have the necessary study materials to excel.
Verified and approved Dumps for CIMA F2:
Our team of IT experts delivers the most accurate and reliable F2 dumps for your CIMA F2 exam. All the study material is approved and verified by our team regarding CIMA F2 dumps. Our meticulously verified material, endorsed by our IT experts, ensures that you excel with distinction in the F2 exam. This top-tier resource, consisting of F2 exam questions answers, mirrors the actual exam format, facilitating effective preparation. Our committed team works tirelessly to make sure that our customers can confidently pass their exams on their first attempt, backed by the assurance that our F2 dumps are the best and have been thoroughly approved by our experts.
CIMA F2 Questions:
Embark on your certification journey with confidence as we are providing most reliable F2 dumps from Microsoft. Our commitment to your success comes with a 100% passing guarantee, ensuring that you successfully navigate your CIMA F2 exam on your initial attempt. Our dedicated team of seasoned experts has intricately designed our CIMA F2 dumps PDF to align seamlessly with the actual exam question answers. Trust our comprehensive F2 exam questions answers to be your reliable companion for acing the F2 certification.
Related Exams
Project and Relationship Management
210 Questions
Advanced Management Accounting
202 Questions
CIMA F2 Sample Questions
Question # 1Which of the following defines the calculation of interest cover?
A. Profit before interest and tax divided by finance costs
B. Finance costs divided by profit before interest and tax
C. Profit after tax divided by finance costs
D. Finance costs divided by profit after tax
Question # 2
AB and CD are competitors supplying components to the car manufacturing industry. AB operates in Country X and CD operates in Country Y. Both entities were incorporated onthe same day, are the same size and prepare financial statements to 31 March each year using international accounting standards. Which of the following statements taken individually would limit the usefulness of the comparison of the return on capital employed ratio between the two entities?
A. The corporate tax rate is 25% in Country X and 40% in Country Y.
B. The average rate of inflation is 3% in Country X and 10% in Country Y.
C. The average rate of borrowing is 2% in Country X and 7% in Country Y.
D. The currency is Dollar in Country X and Krona in Country Y.
Question # 3
RS has issued an instrument with a nominal value of $1 million, at a discount of 2.5%, and a coupon rate of 6%. The terms of the issue are that the instrument must either be redeemed at par, at the option of the holder, in three years' time, or alternatively converted into equity shares in RS. The characteristics of this instrument taken as a whole indicates that it would be classifedas which of the following?
A. Compound instrument
B. Debt instrument
C. Equity instrument
D. Discounted instrument
Question # 4
W and Y are very similar entities with the same level of profit before interest and tax. However, W has gearing of 95% and Y has gearing of 30%.Which of the following statements is true?
A. Investing in W carries a higher level of risk than investing in Y.
B. A greater proportion of profit will be available out of which to declare a dividend in W.
C. Investors in Y will expect a higher return than investors in W.
D. Y has a greater commitment to meet interest payments than W.
Question # 5
AB, a listed entity, prepared its financial statements to 31 December 20X7, in accordance with international accounting standards. Which THREE of the following were disclosed as related parties of AB in its financial statements?
A. AB's defined benefit pension plan.
B. The wife of the Managing Director of AB, to whom AB sold a motor vehicle in the year to 31 December 20X7.
C. ST, an entity that was jointly established by AB and CD, and that is accounted for as a joint venture in AB's financial statements to 31 December 20X7.
D. AB's bank that provides more than 60% of the entity's loan finance.
E. AB's main supplier, GH, who supplies more than 70% of AB's goods for manufacture.
Question # 6
ST has in issue unquoted 7% debentures which were issuedat par and are redeemable in 1 year's time.These debentures cannot be traded. The yield to maturity on these debentures has been calculated at 5%.Which of the following would explain why the yield to maturity is lower than the coupon?
A. ST will benefit from the tax relief on the interest payment.
B. The debentures will be redeemed at a discount to their par value.
C. The debentures will be redeemed at their par value.
D. The market value of the debentures must be higher than their par value.
Question # 7
AB acquired its one subsidiary, CD, on 1 January 20X1. At this date the fair value of CD's property, plant and equipment was found to be $40 million higher than its carrying value. The relevant items had a remaining estimated useful life of 10 years from the date of acquisition. At 31 December 20X4 AB and CD presented property, plant and equipment of $100 millionand $50 million respectively in their individual financial statements. The value of property, plant and equipment presented in AB's consolidated statement of financial position at 31 December 20X4 is:
A. $174 million
B. $190 million
C. $150 million
D. $134 million
Question # 8
The consolidated statement of profit or loss for VW for the year ended 30 September 20X7 includes the following: What is VW's interest cover for the year ended 30 September 20X7?
A. 4.5
B. 3.3
C. 4.1
D. 5.1
Question # 9
JJ's current share price is $1.80, with a dividend of $0.20 a share just about to be paid. Dividends have increased at an average annual growth rate of 4.5% and this is expected to continue into the future. What is JJ's cost of equity?
A. 17.6%
B. 16.1%
C. 12.5%
D. 11.1%
Question # 10
ST has in issue unquoted 7% debentures which were issued at par and are redeemable in 1 year's time. These debentures cannot be traded. The yield to maturity on these debentures has been calculated at 5%. Which of the following would explain why the yield to maturity is lower than the coupon?
A. ST will benefit from the tax relief on the interest payment.
B. The debentures will be redeemed at a discount to their par value.
C. The debentures will be redeemed at their par value.
D. The market value of the debentures must be higher than their par value.
Question # 11
GH acquired 3,000,000 of the 12,000,000 equity shares of JK. All shares carried equal voting rights and no other single shareholder of JK held more than 10% of the equity shares. GH has the power to participate in the financial and operating policy decisions but Based on the information provided above, how would GH's investment in JK be accounted for in its consolidated financial statements?
A. Associate
B. Joint venture
C. Joint arrangement
D. Financial asset
Question # 12
FG has a weighted average cost of capital of 12% based on its existing: • level of gearing of 30% (measured as debt/(debt + equity)); and • business operations. This would be used as an appropriate discount factor to assess which of the following significantprojects?
A. A project in an industry in which FG does not currently operate, funded wholly by equity.
B. A project to extend FG's existing operations, funded wholly by debt.
C. A project in an industry in which FG does not currently operate, funded 30% with debt
and 70% with equity.
D. A project to extend FG's existing operations, funded 30% with debt and 70% with equity.
Question # 13
On 30 November 20X9 OPQ acquires a financial asset that is classified as Available for Sale. Which of the following describes the value of the financial asset on the date of acquisition?
A. Fair value excluding transaction costs.
B. Fair value including transaction costs.
C. Present value including transaction costs.
D. Present value excluding transaction costs.