Convenience for reading and printing

In our website, there are three versions of F2 exam simulation: Advanced Financial Reporting for you to choose from namely, PDF Version, PC version and APP version, you can choose to download any one of F2 study guide materials as you like. Just as you know, the PDF version is convenient for you to read and print, since all of the useful study resources for IT exam are included in our Advanced Financial Reporting exam preparation, we ensure that you can pass the IT exam and get the IT certification successfully with the help of our F2 practice questions.

No help, full refund

Our company is committed to help all of our customers to pass CIMA F2 as well as obtaining the IT certification successfully, but if you fail exam unfortunately, we will promise you full refund on condition that you show your failed report card to us. In the matter of fact, from the feedbacks of our customers the pass rate has reached 98% to 100%, so you really don't need to worry about that. Our F2 exam simulation: Advanced Financial Reporting sell well in many countries and enjoy high reputation in the world market, so you have every reason to believe that our F2 study guide materials will help you a lot.

We believe that you can tell from our attitudes towards full refund that how confident we are about our products. Therefore, there will be no risk of your property for you to choose our F2 exam simulation: Advanced Financial Reporting, and our company will definitely guarantee your success as long as you practice all of the questions in our F2 study guide materials. Facts speak louder than words, our exam preparations are really worth of your attention, you might as well have a try.

After purchase, Instant Download: Upon successful payment, Our systems will automatically send the product you have purchased to your mailbox by email. (If not received within 12 hours, please contact us. Note: don't forget to check your spam.)

Under the situation of economic globalization, it is no denying that the competition among all kinds of industries have become increasingly intensified (F2 exam simulation: Advanced Financial Reporting), especially the IT industry, there are more and more IT workers all over the world, and the professional knowledge of IT industry is changing with each passing day. Under the circumstances, it is really necessary for you to take part in the CIMA F2 exam and try your best to get the IT certification, but there are only a few study materials for the IT exam, which makes the exam much harder for IT workers. Now, here comes the good news for you. Our company has committed to compile the F2 study guide materials for IT workers during the 10 years, and we have achieved a lot, we are happy to share our fruits with you in here.

Free demo before buying

We are so proud of high quality of our F2 exam simulation: Advanced Financial Reporting, and we would like to invite you to have a try, so please feel free to download the free demo in the website, we firmly believe that you will be attracted by the useful contents in our F2 study guide materials. There are all essences for the IT exam in our Advanced Financial Reporting exam questions, which can definitely help you to passed the IT exam and get the IT certification easily.

CIMA Advanced Financial Reporting Sample Questions:

1. You are a Financial Controller at BCD and are in the process of preparing the year-end financial statements. A member of your finance team has come to see you about her provisions balance at year- end.
She says that the Managing Director has asked her to increase the provisions balance by $1 million overall. She thinks this is because BCD has had a very good year in terms of profit, and the Managing Director wants to put some profit aside to protect against any future reductions in profit. $1 million is material to BCD.
You believe that the provisions balance was fairly stated without the additional $1 million.
Which TWO of the following would be appropriate actions in this scenario?

A) Discuss the matter with the Finance Director as he is your immediate line manager.
B) Speak to the shareholders at the upcoming annual general meeting about this issue.
C) Speak to the Managing Director to explain that the level of provisions is governed by financial reporting standards.
D) Tell the member of your finance team to ignore the Managing Director and to leave the provisions balance as it was.
E) Contact the external auditors of BCD and tell them that the Managing Director wants to change the provisions balance.

2. The following information relates to DEF for the year ended 31 December 20X7:
* Property, plant and equipment has a carrying value of $3,500,000 and a tax written down value of
$2,500,000.
* There are unused tax losses to carry forward of $1,250,000. These tax losses have arisen due to poor trading conditions which are not expected to improve in the foreseeable future.
* The corporate income tax rate is 25%.
In accordance with IAS 12 Income Taxes, the financial statements of DEF for the year ended 31 December 20X7 would recognise deferred tax balances of:

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

3. 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.

4. AB owned 80% of the equity share capital of FG at 1 January 20X6. AB disposed of 10% of FG's equity share capital on 31 December 20X6 for $400,000. The non controlling interest was measured at
$700,000 immediately prior to the disposal.
Which of the following represents the adjustment that AB made to non controlling interest in respect of the disposal when it prepared its consolidated financial statements at 31 December 20X6?

A) Credit of $350,000
B) Debit of $350,000
C) Debit of $400,000
D) Credit of $50,000

5. On 1 January 20X7 GH purchased plant and equipment at a cost of $400,000. The temporary differences in respect of this plant and equipment at 31 December 20X7 and 20X8 have been calculated as follows:

Assume that there are no other temporary differences in the periods and that the corporate income tax rate is 25%. GH is expected to have significant taxable profits in the future.
Which of the following is the correct impact in GH's statement of financial position at 31 December 20X8 in respect of deferred tax?

A) Increase in the deferred tax asset.
B) Decrease in the deferred tax liability.
C) Decrease in the deferred tax asset.
D) Increase in the deferred tax liability.

Solutions: