High quality to let the client learn efficiently

There are many merits of our product on many aspects and we can guarantee the quality of our F2 practice engine. Firstly, our experienced expert team compile them elaborately based on the real exam and our study materials can reflect the popular trend in the industry and the latest change in the theory and the practice. Secondly, both the language and the content of our F2 study materials are simple. The language of our study materials is easy to be understood and suitable for any learners. The content emphasizes the focus and seizes the key to use refined F2 questions and answers to let the learners master the most important information by using the least amount of them. Three, we provide varied functions to help the learners learn our study materials and prepare for the exam. The F2 self-learning and self-evaluation functions help the learners check their learning results and the statistics and report functions help the learners find their weak links and improve them promptly . The timing function of our F2 guide questions help them adjust their speeds to answer the questions and the function of stimulating the exam can help the learners adapt themselves to the atmosphere and pace of the exam. Thus the learners can master our F2 practice engine fast, conveniently and efficiently.

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High passing rate

The passing rate of our F2 study materials is the issue the client mostly care about and we can promise to the client that the passing rate of our product is 99% and the hit rate is also high. Our study materials are selected strictly based on the real F2 exam and refer to the exam papers in the past years. Our expert team devotes a lot of efforts on them and guarantees that each answer and question is useful and valuable. We also update frequently to guarantee that the client can get more learning F2 resources and follow the trend of the times. So if you use our study materials you will pass the test with high success probability.

Immediately downloading our test bank after pay

After the client pay successfully they could receive the mails about F2 guide questions our system sends by which you can download our test bank and use our study materials in 5-10 minutes. The mail provides the links and after the client click on them the client can log in and gain the F2 study materials to learn. The procedures are simple and save clients' time. For the client the time is limited and very important and our product satisfies the client's needs to download and use our F2 practice engine immediately.

CIMA Advanced Financial Reporting Sample Questions:

1. In recent years EBITDA has been adopted by large entities as a key measure of performance. The following figures have been extracted from the financial statements of UV for the year ended 30 November 20X9:
What is EBITDA for UV for the year ended 30 November 20X9?
Give your answer to the nearest $'000.
$ ? 000

2. XY owned 80% of the equity share capital of AB at 1 January 20X5. XY disposed of 20% of AB's equity share capital on 31 December 20X5 for $200,000. The non controlling interest was measured at
$140,000 immediately prior to the disposal.
What was the amount of the credit to retained earnings that XY will process in respect of this disposal when it prepares its consolidated financial statements at 31 December 20X5?

A) $80,000
B) $200,000
C) $140,000
D) $60,000

3. AB and CD are competitors supplying components to the car manufacturing industry. AB operates in Country X and CD operates in Country Y.
Both entities were incorporated on the same day, are the same size and prepare financial statements to 31 March each year using international accounting standards.
Which of the following statements taken individually would limit the usefulness of the comparison of the return on capital employed ratio between the two entities?

A) The average rate of inflation is 3% in Country X and 10% in Country Y.
B) The average rate of borrowing is 2% in Country X and 7% in Country Y.
C) The corporate tax rate is 25% in Country X and 40% in Country Y.
D) The currency is Dollar in Country X and Krona in Country Y.

4. AB and EF are located in the same country and prepare their financial statements to 31 October in accordance with International Accounting Standards. EF supplies AB with a component that is vital to AB's product range. AB is considering acquiring a controlling interest in EF by 31 December 20X4 in order to guarantee future supply. The Board of EF has indicated that such an approach would be postively considered. AB would use its control to make AB the sole customer of EF.
The Finance Director of AB has been granted access to EF's management accounts and has conducted some initial analysis from the financial press. The results togther with comparisons for AB for the year to
31 October 20X4 are presented below:

AB and EF are forecasting revenues of S1,500,000 and $700,000 respectively for the year ended 31 October 20X5.
Which of the following independent options would explain the difference between the gearing ratios of AB and EF at 31 October 20X4?

A) EF's average cost of borrowing is significantly lower than that of AB and EF has taken advantage of that.
B) EF's market value of shares at 31 October 20X4 is lower than that of AB.
C) EF has a policy of revaluing non current assets whereas AB does not.
D) EF made a bonus issue of shares from retained earnings during the year whereas AB did not.

5. Which of the following examples would be classed as related parties ofJH Ltd due to the power they possess to directly influence the company?
1: JH Ltd's managing director
2: The son of JH Ltd's managing director, who is an intern in the company's office
3: The brother of JH Ltd's managing director, whose business supplies a large amount of production material for the company
4: JH Ltd's subsidiary company, AL Ltd
5: BR PLC, one of JH Ltd's regular customers

A) 1, 2, 3 & 4
B) 1
C) 2, 3 & 4
D) 1, 2 & 3
E) All of the above
F) 1&4

Solutions: