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CIMA Exam CIMAPRA19-F02-1 Topic 5 Question 110 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 110
Topic #: 5
[All CIMAPRA19-F02-1 Questions]

RSis alisted entitythat has no subsidiaries although its Finance Director is also a director of TU, an unconnected entity.

It is preparing its financial statements to 30 September 20X6.

Which of the following substantial transactions must be disclosed in these financial statements in accordance withIAS 24 Related Party Disclosures?

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Suggested Answer: A

by Meaghan at Apr 09, 2025, 05:01 AM

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Kerry
4 days ago
I think C is the correct answer. The sale of finished goods to TU at normal selling price is still a related party transaction that should be disclosed.
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Rebeca
6 days ago
Definitely B. The purchase of materials from TU at a discounted price is a related party transaction that needs to be disclosed under IAS 24.
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Dick
13 days ago
I'm not sure about option A. Pension payments for the Managing Director may not be considered a related party transaction.
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Mel
14 days ago
I agree with Cherry. Option B seems like a related party transaction that should be disclosed.
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Cherry
18 days ago
I think option B should be disclosed because it involves a transaction with a related party.
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