最新的CIMA Management認證 F2考試題庫

問題1

The tax benefit on a company's asset is £180,000 and the useful life on that asset is five years. The company creates a deferred tax provision to spread this benefit over the asset's useful life.
What entry is needed to reduce this deferred tax provision in the company's year two accounts?

A. DR Corporation tax (income statement) £144,000

B. DR Corporation tax (income statement) £36,000

C. CR Deferred tax liability (SOFP) £36,000

D. CR Deferred tax liability (SOFP) £144,000

E. CR Corporation tax (income statement) £144,000

F. DR Deferred tax liability (SOFP) £144,000

G. CR Corporation tax (income statement) £36,000

H. DR Deferred tax liability (SOFP) £36,000

正確答案: H

問題2

W and Y are very similar entities with the same level of profit before interest and tax. However, W has gearing of 95% and Y has gearing of 30%.
Which of the following statements is true?

A. Investors in Y will expect a higher return than investors in W.

B. Y has a greater commitment to meet interest payments than W.

C. Investing in W carries a higher level of risk than investing in Y.

D. A greater proportion of profit will be available out of which to declare a dividend in W.

正確答案: C

問題3

Information from the financial statements of RST for the year ended 30 April 20X9 is as follows:

At 30 April 20X9 the ordinary shares are trading at $4.75.
What is the price earnings (P/E) ratio for RST at 30 April 20X9?

A. 7.92

B. 9.31

C. 15.83

D. 10.56

正確答案: C

問題4

KL acquired 75% of the equity share capital of MN on 1 January 20X8. The group's policy is to value non- controlling interest at fair value at the date of acquisition. MN acquired 60% of the equity share capital of PQ on 1 January 20X9 for $360 million.
At 1 January 20X9 the fair value of the non-controlling interest in PQ was $220 million and the fair value of the net assets of PQ at 1 January 20X9 were $320 million.
Calculate the goodwill arising on the acquisition of PQ at 1 January 20X9.
Give your answer to the nearest million.
$ ? million

正確答案:

170, 170000000

問題5

As at 31 October 20X7 TU's financial statements show the entity having profit after tax of $600,000 and
900,000 $1 ordinary shares in issue. There have been no issues of shares during the year. At 31 October
20X7 TU have 300,000 share options in issue, which allow the holders to purchase ordinary shares at
$2 a share in 3 years' time. The average price of the ordinary shares throughout the year was $5 a share.
What is the diluted earnings per share for the year ended 31 October 20X7?

A. 58.8 cents

B. 50.0 cents

C. 55.6 cents

D. 66.7 cents

正確答案: C

問題6

FGH plans to issue a large number of shares to the public via an IPO.
It is considering either an offer for sale at a fixed price or an offer for sale by tender.
Which of the following would be an advantage to FGH of using the offer for sale by tender compared to the fixed price offer?

A. There would be more certainty over the issue price of the shares.

B. There is potential for reaching a higher share price thus maximising capital raised.

C. The shares will be sold to different investors at differing values thus maximising the capital raised.

D. Tenders are more attractive to less sophisticated investors thus maximising potential investment.

正確答案: B

問題7

On 1 January 20X4 JK had 1,500,000 ordinary shares in issue. On 1 September 20X4 JK issued 600,000 ordinary shares at the market value of $2.50 a share. For the financial year ended 31 December 20X4 the statement of profit or loss shows profit before tax of $625,000 and profit after tax of $500,000.
What is the earnings per share for the year ended 31 December 20X4?

A. 23.8 cents

B. 36.8 cents

C. 29.4 cents

D. 26.3 cents

正確答案: C

問題8

Which THREE of the following would typically indicate a finance lease?

A. The lessee has the option to buy the asset at the end of the lease for $1.

B. The lease contract for an asset includes an upgrade to the asset every two years.

C. A leased asset has been specifically modified for the lessee's use.

D. An asset with a useful life of ten years is being leased for ten years.

E. The lessor is responsible for the annual maintenance of the asset.

正確答案: A,C,D

問題9

On 30 November 20X9 OPQ acquires a financial asset that is classified as Available for Sale.
Which of the following describes the value of the financial asset on the date of acquisition?

A. Fair value including transaction costs.

B. Present value excluding transaction costs.

C. Present value including transaction costs.

D. Fair value excluding transaction costs.

正確答案: A

問題10

A group presents its financial statements in A$.
The goodwill of its only foreign subsidiary was measured at B$100,000 at acquisition. There have been no impairments to this goodwill.
Exchange rates (where A$/B$ is the number of B$'s to each A$) are as follows:
The value of goodwill to be included in the group's statement of financial position in respect of its foreign subsidiary for the year ended 31 December 20X4 is:

A. A$66,667.

B. A$132,000.

C. A$150,000.

D. A$75,758.

正確答案: D

問題11

The yield to maturity of a redeemable bond is calculated as the internal rate of return of the relevant cash flows associated with the bond.
Which TWO of the following are considered relevant cash flows in this calculation?

A. The redemption value of the bond at the date of redemption.

B. The value of the conversion premium on conversion to equity shares.

C. The nominal value of the bond now.

D. The market value of the bond now.

E. The annual interest payments net of tax relief.

正確答案: A,D

問題12

WX acquired 20% of the equity share capital of MN for $135 million in 20X5. WX acquired a further 40% of the equity share capital of MN for $400 million on 1 October 20X8 when the fair value of the net assets of MN were $800 million.
The fair value of the initial 20% investment in MN was $175 million at 1 October 20X8. There has been no impairment of the investment in MN. WX uses the proportion of net assets method to value non- controlling interest at acquisition.
Calculate the goodwill arising on the acquisition of MN.
Give your answer to the nearest $ million.
$ ? million

正確答案:

95, 95000000

問題13

The IAS definitions of financial instruments dictate their classification between debt and equity. Which of of the following factors might this classification impact?
Select ALL that apply.

A. Liquidity

B. Profitability

C. Profit distribution

D. Financial risk

正確答案: D

問題14

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 $50,000

B. Debit of $350,000

C. Debit of $400,000

D. Credit of $350,000

正確答案: D

問題15

Which TWO of the following are true in relation to IAS21 The Effects of Changes in Foreign Exchange Rates when consolidating an overseas subsidiary?

A. A current period exchange gain or loss is shown within the consolidated statement of comprehensive income within other comprehensive income.

B. The statement of profit or loss of the subsidiary is translated for the reporting period using the closing exchange rate.

C. Goodwill is reflected in the consolidated statement of financial position translated at the exchange rate on the date of acquisition.

D. Assets and liabilities of the subsidiary are translated at each reporting date using the average exchange rate for the period.

E. Goodwill is re-translated at the end of each reporting period and reflected at the period end exchange rate in the consolidated statement of financial position.

正確答案: A,E

問題16

Information from the financial statements of an entity for the year to 31 December 20X5:
The gearing ratio calculated as debt/equity and interest cover are:

A. gearing of 16% and interest cover of 4.

B. gearing of 16% and interest cover of 6.

C. gearing of 15% and interest cover of 6.

D. gearing of 15% and interest cover of 4.

正確答案: C

最新的CIMA Advanced Financial Reporting - F2免費考試真題

最新更新

站內鏈接

聯系我們