Are you preparing for your CIMAPRA19-F02-1-ENG F2 Advanced Financial Reporting (Online) exam? Passcert provides high quality CIMAPRA19-F02-1-ENG Dumps so that you get the CIMAPRA19-F02-1-ENG questions and answers according to the actual Exam outline. This CIMAPRA19-F02-1-ENG dumps covers all the points of the authenticated syllabus of the F2 Advanced Financial Reporting (Online) exam. Learn all the CIMAPRA19-F02-1-ENG dumps from Passcert to clear your F2 Advanced Financial Reporting (Online) exam concepts and get easy success.

F2 builds on the competencies gained from F1. It covers how to effectively source the long-term finance required to fund the operations of organisations, particularly their capital investments. This F2 Advanced Financial Reporting (Online) forms part of the three subjects that fall under the CIMA Management Level. Financial Management focuses on more advanced topics in financial accounting such as the preparation of full consolidated financial statements and issues of principle in accounting standards dealing with more complex areas and developments in external reporting.

Compare and contrast types and sources of long-term funds.

Calculate cost of long-term funds.

Explain relevant financial reporting standards for revenue, leases, financial instruments, intangible assets and provisions.

Explain relevant financial reporting standards for group accounts.

Prepare group accounts based on IFRS.

Discuss additional disclosure issues related to the group accounts.

Discuss the International Framework activities.

Explain the Six Capitals of Integrated Reporting.

Analyse financial statements of organisations.

Recommend actions based on insights from the interpretation of financial statements.

Discuss the limitations of the tools used for interpreting financial statements.

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 classified as which of the following?

A. Compound instrument

B. Debt instrument

C. Equity instrument

D. Discounted instrument

Answer: A

Which THREE of the following actions should improve the cash position of an entity?

A. Substituting a bonus issue for the final dividend.

B. Selling non current assets and leasing them back under operating leases.

C. Implementing an efficient inventory ordering system.

D. Revaluing all non-current assets.

E. Revising the depreciation policy of non-current assets.

F. Offering extended credit terms to existing customers.

Answer: A,B,C

Which of the following reduce the usefulness of ratio analysis when comparing entities that operate in the same industry? Select ALL that apply.

A. The revenue figure being aggregated from many different activities and sources.

B. Accounting estimates in respect of depreciation being different between entities.

C. The effect of a material and unusual item being disclosed separately in the notes.

D. An entity adopting a policy of revaluing its non current assets.

E. Ratio calculations being based on historical information.

F. Ratios being quick and easy to calculate.

Answer: A,B,D,E

Which TWO of the following statements about bonds and their issue are true?

A. Credit rating agencies assign risk categories to bond issues.

B. Bonds are a form of loan capital, traded on stock exchanges.

C. Bonds are a risk-free form of investing because they will always be repaid.

D. All bonds have the same terms and conditions when issued.

E. A bond issue is never underwritten because the return is fixed and guaranteed.

Answer: A,B

Taking each statement individually, which of the following explains the movement in the gross profit margin from 20X4 to 20X5 as calculated by the analysts?

A. Increase in the levels of closing inventory of raw materials.

B. Reduction in the cost of raw materials NOT passed onto customers.

C. Prompt payment discounts no longer offered to customers.

D. Increase in the volume of sales over the year.

Answer: B

When accounting for a finance lease under IAS 17 Leases, which TWO of the following are recognised in the statement of profit or loss?

A. Finance cost element of the lease payments

B. Depreciation of the leased asset

C. Lease payments paid

D. Lease payments payable

E. Capital repayment element of the lease payments

Answer: A,B