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CIMA F2 Exam With Confidence Using Practice Dumps

Exam Code:
F2
Exam Name:
Advanced Financial Reporting
Certification:
Vendor:
Questions:
248
Last Updated:
Jan 24, 2025
Exam Status:
Stable
CIMA F2

F2: CIMA Management Exam 2024 Study Guide Pdf and Test Engine

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Advanced Financial Reporting Questions and Answers

Question 1

Entity A entered into a 3 year operating lease on 1 April 20X3.  The rentals are £5,000 a year payable in advance with an additional payment of $1,800 payable on 1 April 20X3. 

The rental expense to be included in the statement of profit or loss for the year ended 31 December 20X3 will be:

   

Options:

A.

$4,200

B.

$5,000

C.

$6,800

D.

$5,600

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Question 2

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?

Options:

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 3

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

Options:

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