Explore Free CIMA Professional Qualification CIMAPRA19-F02-1 Practice Questions for Exam Mastery

Get a glimpse of the real CIMAPRA19-F02-1 certification exam challenges with our free CIMAPRA19-F02-1 practice test questions.

Question 1

Mr. Rodgers is an accountant for JK Pic. He is asked to record a particular share-based payment in the company's accounts and obliges by debiting as an expense the first relevant account and crediting the corresponding double-entry as a liability.

Which type of share-based payment has Mr. Rodgers recorded?

Correct Answer: 1

A

Question 2

MS Group's total profit for period on their consolidated income statement is 31,000. This includes adjusting for their share of joint venture JV2. Calculate the share of joint venture MS Group received based on the following information.

MS operating profit 41,000

Dividend from JV2 5,000

Finance cost 3,000

Tax 11,000

Correct Answer: 2

A

Question 3

Which of the following should be eliminated when using the equity method to account for associates in a parent's financial statements?

Select ALL that apply.

Correct Answer: 3

A, B

Question 4

Which of the following statements are incorrect regarding identifiable assets? Select ALL that apply.

Correct Answer: 4

A, B

Question 5

When consolidating for group accounts, a number of calculations and adjustments are required to properly combine the entities into a single group. Which of the following processes are involved in this consolidation method?

Select ALL that apply:

Correct Answer: 5

A, B, C

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