CIMAPRA19-F02-1-ENG Exam Preparation Material | F2 Advanced Financial Reporting (Online)

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Prepare for the CIMAPRA19-F02-1-ENG F2 Advanced Financial Reporting (Online) exam with CertQueen's independently developed study resources. Review important concepts, practice scenario-based questions, and use clear explanations to identify areas that require further study.

Question#1

Which of the following reduce the usefulness of ratio analysis when comparing entities that operate in the same industry?Select ALL that apply.

A. The revenue figure being aggregated from many different activities and sources.
B. Accounting estimates in respect of depreciation being different between entities.
C. The effect of a material and unusual item being disclosed separately in the notes.
D. An entity adopting a policy of revaluing its non current assets.
E. Ratio calculations being based on historical information.
F. Ratios being quick and easy to calculate.

Question#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. Investing in W carries a higher level of risk than investing in
B. A greater proportion of profit will be available out of which to declare a dividend in
C. Investors in Y will expect a higher return than investors in
D. Y has a greater commitment to meet interest payments than

Question#3

CORRECT TEXT
The capital structure of ST issummarised in the table below:



What is the weighted average cost of capital of ST?
Give your answer as a percentage to one decimal place.
? %

A. 12.7, 12.67, 12.6

Question#4

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

A. An asset with a useful life of ten years is being leased for ten years.
B. The lessor is responsible for the annual maintenance of the asset.
C. The lessee has the option to buy the asset at the end of the lease for $1.
D. The lease contract for an asset includes an upgrade to the asset every two years.
E. A leased asset has been specifically modified for the lessee's use.

Question#5

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. 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.
C. Assets and liabilities of the subsidiary are translated at each reporting date using the average exchange rate for the period.
D. Goodwill is reflected in the consolidated statement of financial position translated at the exchange rate on the date of acquisition.
E. The statement of profit or loss of the subsidiary is translated for the reporting period using the closing exchange rate.

Exam Code: CIMAPRA19-F02-1-ENG
Q & A: 248 Q&As         Updated:  Oct 17,2026

 

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Review Key Concepts

Review the technologies, products, processes, and practical skills covered by the current CIMAPRA19-F02-1-ENG exam objectives.

Practice Scenario-Based Questions

Work through independently developed questions designed to strengthen your understanding of technical scenarios and decision-making.

Identify Knowledge Gaps

Use your results and the provided explanations to find weaker areas and focus your study more effectively.

How to Use This CIMAPRA19-F02-1-ENG Preparation Material

Review the Exam Scope

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Complete a focused set of practice questions for each topic. On your first attempt, avoid referring to notes, answers, or other study resources so that you can evaluate your current understanding more accurately.

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Close Knowledge Gaps

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Exam Code: CIMAPRA19-F02-1-ENG
Q & A: 248 Q&As
Updated:  Oct 17,2026

 

 Access Complete CIMAPRA19-F02-1-ENG Preparation Material