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CIMAPRA19-F02-1 Exam Questions
- Topic 1: Financing Capital Projects: Understanding long-term finance and the cost of capital is essential for evaluating and managing capital projects effectively. For the CIMAPRA19-F02-1 exam you will need to grasp how to secure and allocate financial resources over extended periods while minimizing costs.
- Topic 2: Financial Reporting Standards: The CIMAPRA19-F02-1 exam will assess your understanding of various financial reporting standards, including the treatment of financial instruments, leases, revenue recognition, provisions, intangible assets, income taxes, and foreign currency transactions. Mastery of these topics ensures accurate and compliant financial reporting.
- Topic 3: Group Accounts: Group accounts are a critical component of the CIMAPRA19-F02-1 exam. You will need to understand the intricacies of consolidating financial statements, managing subsidiaries, associates, joint arrangements, and foreign subsidiaries, and making related party disclosures. These skills are crucial for preparing accurate group financial statements.
- Topic 4: Integrated Reporting: Integrated Reporting is a key topic in the CIMAPRA19-F02-1 exam, focusing on how organizations present a holistic view of their strategy, governance, performance, and prospects.
- Topic 5: Analysing Financial Statements: For the CIMAPRA19-F02-1 exam, proficiency in analyzing financial statements is essential. This involves interpreting data to assess the financial health and performance of an organization, which is crucial for making informed business decisions and strategic planning in the accounting and finance sectors.
Free CIMA CIMAPRA19-F02-1 Exam Actual Questions
Note: Premium Questions for CIMAPRA19-F02-1 were last updated On Jun. 16, 2025 (see below)
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 million and $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:
AB has taxable temporary differences arising from the revaluation of non current assets.
What is the journal entry to record the movement in the provision for deferred taxresulting from this difference?
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?
PQ and WX are similar sized entities andoperate in thesame industry within Country X . Both operate from a single warehouseand have similar levels of non current asset resources.
The following ratioshave been calculated at 31 October 20X8:
If considered individually, which of the following would limit the usefulness of these ratios in assessing the comparative financial performances of PQ and WX?
KL acquired 2 million $1 equity shares in MN on 18 July 20X0 for $1.65 a share and classified this investment as available for sale (AFS) in accordance with IAS 39 Financial instruments: Recognition andMeasurement.
KL paid a 0.5% transaction fee to its broker on this transaction. MN's shares were trading at $1.78 on 31 December 20X0.
Which of the following journals records the subsequent measurement of this investment at 31 December 20X0?
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