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CIMA F2 Dumps Questions Answers

Exam Code:
F2
Last Update: Apr 30, 2026
268 Questions Answers with Explanation Detail
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F2 Q&A's Detail

Exam Code:
F2
Total Questions:
268 Q&A's
Single Choice Questions:
164 Q&A's
Multiple Choice Questions:
48 Q&A's
Drag Drop Questions:
3 Q&A's

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F2 Advanced Financial Reporting Questions and Answers

Questions 1

Which of the following is NOT an example of an unconsolidated structured entity as defined in IFRS12 Disclosure of Interests in Other Entities?

Options:

A.

A post-employment benefit plan

B.

A securitisation vehicle

C.

An asset-backed financing scheme

D.

An investment fund

Questions 2

LM acquired 80% of the equity shares of ST when ST ' s retained earnings were $50 million.  The fair value of the net assets of ST included a contingent liability with a fair value of $100 million at the date of acquisition and a fair value of $40 million at 31 December 20X6. No other fair value adjustments were required at the date of acquisition.

LM and ST had retained earnings of $200 million and $80 million respectively at 31 December 20X6. 

The consolidated retained earnings of LM at 31 December 20X6 were:

Options:

A.

$164 million

B.

$176 million

C.

$272 million

D.

$284 million

Questions 3

The directors of AB want to reduce the entity ' s gearing ratio in the year to 31 December 20X9.  

Which of the following independent actions could the directors take during 20X9 to achieve this?

Options:

A.

Recognise the valuation surplus on AB ' s property, plant and equipment.

B.

Issue cumulative preference shares.

C.

Issue redeemable preference shares.

D.

Switch AB ' s fixed interest bearing borrowing to a lower variable rate borrowing.

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