The old saying "There is no royal road to learning" is now obsolete, since with the development of science and technology, we can resort to electronic F2 exam materials, which is now a commonplace, and the electronic materials with the highest quality which consists of all of the key points required for the exam can really be considered as the royal road to learning. Fortunately, the F2 practice test: Advanced Financial Reporting compiled by our company are the best choice for you, you just lucky enough to click into this website, since you are sure to pass the exam as well as getting the related certification under the guidance of our F2 study guide which you can find in this website easily. Now, I would like to introduce some of the detailed information about our training materials for your reference.

DOWNLOAD DEMO

Advanced operation system

For the purpose of providing a safe payment environment when you purchase our F2 exam materials, we have installed the most advanced operation machines in our website. Hence you can use credit for payment in the process of trading under a safe payment environment. In addition, our advanced operation system will automatically encrypt all of the personal information on our F2 practice test: Advanced Financial Reporting of our buyers immediately, and after purchasing, it only takes 5 to 10 minutes before our operation system sending our study materials to your email address, that is to say, with our advanced operation system of our F2 study guide, there is nothing that you need to worry about, and we will spear no effort to protect your interests from any danger and ensure you the fastest delivery.

Responsible after sale service

We aim to provide the best service for our customers, and we demand of ourselves and our after sale service staffs to the highest ethical standard, and our F2 study guide and compiling processes will be of the highest quality. We are deeply committed to meeting the needs of our customers, and we constantly focus on customer's satisfaction. We play an active role in making every country and community in which we selling our F2 practice test: Advanced Financial Reporting a better place to live and work. Therefore, our responsible after sale service staffs are available in twenty four hours a day, seven days a week. That is to say, if you have any problem after F2 exam materials purchasing, you can contact our after sale service staffs anywhere at any time. By the way, our staffs are only waiting for you online.

Free renewal for a year

There is no doubt that with the passage of time, there will be more and more current events happening in the field. Therefore, in order to provide the most effective F2 exam materials which cover all of the current events for our customers, a group of experts in our company always keep an close eye on the changes of the exam even the smallest one, and then will compile all of the new key points as well as the latest types of exam questions into the new version of our F2 practice test: Advanced Financial Reporting, and you can get the latest version of our study materials for free during the whole year. Do not lose the wonderful chance to advance with times.

CIMA Advanced Financial Reporting Sample Questions:

1. XY owned 60% of the equity share capital of AB at 1 January 20X6. XY acquired a further 20% of AB's equity share capital on 31 December 20X6 for $500,000. The non controlling interest in AB was measured at $720,000 immediately prior to the 20% acquisition.
Calculate the amount that XY debited to non controlling interest when it accounted for the 20% acquisition in its consolidated financial statements at 31 December 20X6.
Give your answer to the nearest $000.
$ ? 000

2. XY has a weighted average cost of capital (WACC) of 10% based on its gearing level (measured as debt/debt+equity) of 40%. It is considering a signficant new project.
In which of the following situations would it be appropriate to appraise this project using XY's existing WACC of 10%?

A) The project is an extension of XY's current operations and is funded by equal amounts of debt and equity.
B) The project is an extension of XY's current operations and is funded 40% by debt and 60% by equity.
C) The project is in a different industry to XY's current operations and is funded by equal amounts of debt and equity.
D) The project is in a different industry to XY's current operations and funded entirely by equity.

3. LM is a car dealer that is supplied inventory by car manufacturer SQ. Trading between LM and SQ is subject to a contractual agreement. This agreement states the following:
* Legal title of the cars remains with SQ until they are sold by LM to a third party.
* Upon notification of sale to a third party by LM, SQ raises an invoice at the price agreed at the original date of delivery to LM.
* LM has the right to return any car at any time without incurring a penalty.
* LM is responsible for insuring all of the cars on its property.
When considering how these cars should be accounted for, which THREE of the following statements are true?

A) LM should recognise the cars as inventory in their financial statements.
B) The most significant risks attached to the cars are held by LM.
C) SQ should recognise the cars as inventory in their financial statements.
D) SQ should recognise revenue when the cars are delivered to LM.
E) When LM sells a car to a third party, SQ should recognise the revenue associated with that sale.
F) The most significant risks attached to the cars are held by SQ.

4. The capital structure of ST is summarised in the table below:

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

5. Which TWO of the following would be the primary disadvantages of producing the disclosures required in IFRS12 Disclosure of Interests in Other Entities?

A) The disclosures take time and therefore incur costs which erodes shareholder value.
B) The disclosures will highlight the risks associated with interests in other entities.
C) The auditors will have to audit these disclosures.
D) The disclosures will give competitors commercially sensitive information.
E) The users of the financial statements may feel overburdened with information.

Solutions: