最新的CIMA Management認證 F2考試題庫

問題1

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2

AB acquired an investment in a debt instrument on 1 January 20X5 at its nominal value of $25,000, which it intends to hold until maturity. The instrument carried a fixed coupon interest rate of 5%, payable in arrears. Transactions costs of $5,000 were paid in respect of this investment. The effective interest rate applicable to this instrument was estimated at 9%.
Calculate the value of this investment that AB will include in its statement of financial position at 31 December 20X5.
Give your answer to the nearest whole number.
$ ?

正確答案:

31450

問題3

On 1 January 20X4 EF grants each of its 125 employees 500 share options on the condition that they remain in employment for 3 years. During the year to 31 December 20X4 10 employees left and It is expected that a further 25 will leave before the end of the vesting period.
The fair value of each share option is $30 on 1 January 20X4 and $45 on 31 December 20X4.
What is the journal entry in respect of these share options in EF's financial statements for the year ended 31 December 20X4?

A. Option B

B. Option D

C. Option C

D. Option A

正確答案: D

問題4

AB sold the majority of its operating equipment to LM for cash on 30 December 20X9 and then immediately leased it back under an operating lease.
AB used the cash proceeds from the sale to reduce its long term borrowings significantly. No early repayment charge was levied by the lender.
Which of the following statements is true in respect of AB's ratios calculated at 31 December 20X9?

A. AB's gearing ratio would be lower as a result of this sale being recorded.

B. AB's return on capital employed would be lower as a result of this sale being recorded.

C. AB's current ratio would be lower as a result of this sale being recorded.

D. AB's non-current asset turnover would be lower as a result of this sale being recorded.

正確答案: A

問題5

GH granted 100 share options to each of its 1,000 employees on 1 January 20X8. The fair value of each option was $7 on 1 January 20X8 and had risen to $8 at 31 December 20X8.
Which of the following statements represents the treatment that GH adopted to account for the related expense of these share options in its financial statements for the year ended 31 December 20X8, in accordance with IFRS 2 Share-based Payments?

A. The expense was measured using the fair value of $8 and the credit entry was to equity.

B. The expense was measured using the fair value of $7 and the credit entry was to equity.

C. The expense was measured using the fair value of $8 and the credit entry was to liabilities.

D. The expense was measured using the fair value of $7 and the credit entry was to liabilities.

正確答案: B

問題6

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.

正確答案:

14, 14000, 13636, 13637

問題7

Which of the following examples of contracts will use cost of sales as the balancing figure when calculating profit or loss?
Select ALL that apply.

A. Contract A has a total value of£85m, costs to date of£69m and expected costs to completion of£22m.
The contracts % stage of completion was calculated by dividing its costs incurred to date of£69m by £75m.

B. Contract A has a total value of£55m, costs to date of£33m and expected costs to completion of£18m.

C. Contract A has a total value of£60m, costs to date of£42m and expected costs to completion of£15m.
The project's % stage of completion is 80% using the value method.

D. Contract A has a total value of£75m, costs to date of£61m and expected costs to completion of£20m.
The contracts % stage of completion was calculated by dividing its value to date of£45m by£75m.

E. Contract A has a total value of£50m, costs to date of£42m and expected costs to completion of£15m.
The project's % stage of completion is 74% using the cost method.

正確答案: C,D

問題8

Which of the following statements are INCORRECT with regards to impairment of financial instruments; Select ALL that apply.

A. Held to maturity instruments and available for sale assets are both measured at amortised cost and are therefore impacted by impairment.

B. If a loss is suspected following an impairment review, a financial asset is written down to its fair value.

C. The impairment loss on held to maturity instruments is the difference between the assets carrying amount and the present value of its future cashflows.

D. In the result of an impairment loss, the carrying amount of the asset is directly reduced, or reduced through an allowance account.

E. If a contract relating to a financial instrument is breached then this might be an indication of impairment.

正確答案: A,B

問題9

Which TWO of the following are TRUE in respect of preparing a consolidated statement of cash flows where there has been an acquisition of a subsidiary part way through the year?

A. Any shares that were issued on acquisition of the subsidiary will be shown separately on the statement of cash flows within financing activities.

B. Investing activities will include a total cash outflow for the acquisition comprising the cash paid for the subsidiary less the cash held by the subsidiary at the acquisition date.

C. Non-controlling interest will arise in relation to the subsidiary and any dividends paid to the non- controlling interest will be shown within financing activities as a cash outflow.

D. The working capital held by the subsidiary at acquisition will be excluded from the year end figures based on the percentage shareholding in the subsidiary.

E. The year end cash and cash equivalents balance will be reduced by the cash and cash equivalents that were held by the subsidiary at the acquisition date.

正確答案: B,C

問題10

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11

ST granted 1,000 share appreciation rights (SARs) to its 100 employees on 1 December 20X7. To be eligible, employees must remain employed for 3 years from the grant date. In the year to 30 November
20X8, 10 staff left and a further 20 were expected to leave over the following two years. The fair value of each SAR was $12 at 1 December 20X7 and $15 at 30 November 20X8.
What is the accounting entry to record this transaction for the year to 30 November 20X8?

A. Dr Staff costs $350,000, Cr Equity $350,000

B. Dr Staff costs $280,000, Cr Equity $280,000

C. Dr Staff costs $280,000, Cr Non-current liabilities $280,000

D. Dr Staff costs $350,000, Cr Non-current liabilities $350,000

正確答案: D

問題12

GH's financial statements show the following:
What is the value of the dividend received from the associate to be included in GH's consolidated statement of cash flows for the year?
Give your answer to the nearest $000.
$ ? 000

正確答案:

300, 300000

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