Get real F1 exam questions for better preparation

24h online service

If you are the first time to contact F1 study torrent, you must have a lot of questions. As for this point, we have 24h online workers. Even if it is weekend, we still have online staff to answer your questions. Do not think that you have bothered our staff. We are warmly welcomed you to raise questions about our F1 training material. All of you questions will be answered thoroughly and quickly. Even if you have bought our Financial Reporting demo questions, you are still available to enjoy our online workers' service. Our company has been attaching great importance to customer service. As you can see, we are very responsible for our customers. Do not hesitate. Our F1 exam torrent is waiting for you to buy.

Maybe you are in a bad condition now. It does not matter. Life has many turning points. As long as you can seize the opportunity when it appears, you are bound to change your current situation. You can regard our F1 training material as a good attempt. Actually, our F1 free torrent has helped many people to find a desirable job. You can also have a successful counter attack with the help of our F1 study guide. As old saying goes, who laughs last, laughs best. All in all, we hope that you can embrace a bright future.

DOWNLOAD DEMO

Free demo

Maybe you still cannot totally trust our F1 updated study torrent. It does not matter. In order to remove your doubts, we have released the free demo of the F1 valid vce for you. If you are interesting about our training material, you can download the free demo of the CIMA Certification study guide on our website. It takes you no more than ten seconds to download the free demo. The free demo of the F1 training material is PDF version. What is more, the free demo only includes part of the contents. Most people are willing to choose our F1 study guide after trying. Our practice material is different from the traditional test engine. You will have a better experience on our Financial Reporting prep material. Come to have a try. Our study guide deserves your purchasing.

Quickly master the difficult knowledge

Many people are worried about that they cannot understand the difficult knowledge of the F1 study guide, so most of them just give up trying. Then you are lucky enough to come across our F1 pass4sure vce. All the contents of the CIMA Certification training pdf are compiled by our leading experts. They have accumulated many experiences about the CIMA F1 exam. At the same time, you will have a great sense of achievement after you have mastered the difficult knowledge. Day by day, you will be filled with motivation. The more confident you are, the more successful you are. We would appreciate if you can choose our F1 training material.

CIMA F1 Exam Syllabus Topics:

CIMA Financial Reporting Sample Questions:

Question 1

Statements of financial position for FG, IJ and KL at 31 December 20X5 include the following balances:

FG acquired 90% of IJ's equity shares for $358,000 on 1 July 20X5 when IJ's retained earnings were $98,000.
FG acquired 100% of KL's equity shares for $360,000 on 1 January 20X5 when KL's retained earnings were $155,000.
FG used the proportion of net assets method to value non-controlling interests at acquisition.
KL sold a piece of land to FG for $130,000 on 1 September 20X5. At the date of transfer the land had a carrying value of $50,000.
The management of FG expect KL to make profits in the future and no impairment ot its goodwill was proposed at 31 December 20X5.
Calculate the non-controlling interest balance in FG's consolidated statement of financial position at 31 December 20X5.
Give your answer to nearest whole $.

Question 2

XYZ is a manufacturer. Which of these should be classified as other comprehensive income in XYZs statement of profit or loss and other comprehensive income for the year ended 31 December 20X4?

A. Dividend income from investments
B. Revaluation surplus on properly
C. Interest received on savings
D. Gain on disposal of machinery

Question 3

An entity has a working capital cycle of 120 days which has been calculated in part from the following data:

What is the stock holding period on the basis of 365 days in a year?
Give your answer to the nearest whole day.

Question 4

ABC has the following working capital ratios at 31 December 20X2:
During the year ended 31 December 20X4 credit purchases were $1,700,000 and at 31 December 20X4 the outstanding trade payables balance was $340,000

Calculate the working capital cycle for ABC.
Give your answer to the nearest whole number of days and assume there are 365 days in a year.

Question 5

Statements of financial position for FG, IJ and KL at 31 December 20X5 include the following balances:

FG acquired 90% of IJ's equity shares for $358,000 on 1 July 20X5 when IJ's retained earnings were $98,000.
FG acquired 100% of KL's equity shares for $360,000 on 1 January 20X5 when KL's retained earnings were $155,000.
FG used the proportion of net assets method to value non-controlling interests at acquisition.
KL sold a piece of land to FG for $130,000 on 1 September 20X5. At the date of transfer the land had a carrying value of $50,000.
The management of FG expect KL to make profits in the future and no impairment ot its goodwill was proposed at 31 December 20X5.
Calculate the total goodwill to be included in FG's consolidated statement of financial position as at 31 December 20X5.
Give your answer to the nearest whole $.

Solutions: