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CIMA F2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Reporting Standards | 25% | - IFRS framework and application - Financial instruments (IFRS 9) - Leases (IFRS 16) - Revenue recognition (IFRS 15) |
| Topic 2: Integrated Reporting | 10% | - Sustainability and non-financial disclosures - Integrated reporting framework |
| Topic 3: Financing Capital Projects | 15% | - Sources of long-term finance - Cost of capital calculations - Capital structure theories |
| Topic 4: Group Accounts | 35% | - Foreign currency consolidation - Consolidated financial statements - Associates and joint ventures - Goodwill and non-controlling interest |
| Topic 5: Analysing Financial Statements | 15% | - Limitations of financial analysis - Ratio analysis and interpretation - Impact of accounting policies |
CIMA Advanced Financial Reporting Sample Questions:
1. What is the total comprehensive income attributable to the shareholders of GHI that will be presented in GHI's consolidated statement of changes in equity for the year ended 31 December 20X4?
A) $2,780,000
B) $2,875,000
C) $2,880,000
D) $3,260,000
2. CD reported a balance of $3,000,000 for property, plant and equipment in its individual financial statements at 31 December 20X8.
Calculate the value of the property, plant and equipment that will be included in CD's consolidated statement of financial position.
Give your answer to the nearest $000.
$? 000
3. XY purchased $100,000 of quoted 8% bonds in the current year which it intends to hold until redemption.
Which of the following identifies the correct classification and subsequent measurement basis for this financial instrument?
A) A held to maturity financial asset subsequently measured at amortised cost.
B) A loans and receivables financial asset subsequently measured at fair value with gains and losses in reserves.
C) A held to maturity financial asset subsequently measured at fair value with gains and losses in reserves.
D) A loans and receivables financial asset subsequently measured at amortised cost.
4. Which of the following defines the calculation of interest cover?
A) Finance costs divided by profit before interest and tax
B) Profit before interest and tax divided by finance costs
C) Finance costs divided by profit after tax
D) Profit after tax divided by finance costs
5. What figure will be presented for "dividend paid to shareholders of GHI" in GHI's consolidated statement of changes in equity for the year ended 31 December 20X4?
Give your answer to the nearest $000.
$ ? 000
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: Only visible for members | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: Only visible for members |
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