If you are a person who desire to move ahead in the career with informed choice, then the F1 test material is quite beneficial for you. Our F1 pdf is designed to boost your personal ability in your industry. To enhance your career path with your certification, you need to use the valid and latest F1 exam guide to assist you for success. Our F1 practice torrent offers you the realistic and accurate simulations of the real test. The questions & answers are so valid and updated with detail explanations which make you easy to understand and master. The aim of our F1 practice torrent is to help you successfully pass.

DOWNLOAD DEMO

Free update system

We value every customer who purchases our F1 test material and we hope to continue our cooperation with you. Our F1 test questions are constantly being updated and improved so that you can get the information you need and get a better experience. Our F1 test questions have been following the pace of digitalization, constantly refurbishing, and adding new things. I hope you can feel the F1 exam prep sincerely serve customers. We also attach great importance to the opinions of our customers. As long as you make reasonable recommendations for our F1 test material, we will give you free updates to the system's benefits. The duration of this benefit is one year, and F1 exam prep look forward to working with you.

Three versions available

Our F1 test questions are available in three versions, including PDF versions, PC versions, and APP online versions. Each version has its own advantages and features, F1 test material users can choose according to their own preferences. The most popular version is the PDF version of F1 exam prep. The PDF version of F1 test questions can be printed out to facilitate your learning anytime, anywhere, as well as your own priorities. The PC version of F1 exam prep is for Windows users. If you use the APP online version, just download the application. Program, you can enjoy our F1 test material service.

First-line service

The services provided by our F1 test questions are quite specific and comprehensive. First of all, our test material comes from many experts. The gold content of the materials is very high, and the updating speed is fast. By our F1 exam prep, you can find the most suitable information according to your own learning needs at any time, and make adjustments and perfect them at any time. Our F1 learning materials not only provide you with information, but also for you to develop the most suitable for your learning schedule, this is tailor-made for you, according to the timetable to study and review. I believe you can improve efficiency. Our F1 exam prep will give you a complete after-sales experience. You can consult online no matter what problems you encounter. You can get help anywhere, anytime in our F1 test material.

CIMA F1 Exam Syllabus Topics:

CIMA Financial Reporting Sample Questions:

1. The following information is extracted from the trial balance of YY at 30 September 20X3.

i. Included in revenue is a refundable deposit of $20 million for a sales transaction that is due to take place on 14 October 20X3.
ii. The cost of closing inventory is $28 million, however, the net realisable value is estimated at $25 million.
iii. The interest free loan was obtained on 1 January 20X3. The loan is repayable in 12 quarterly installments starting on 31 March 20X3. All installments to date have been paid on time.
Calculate the figure that should be included within non-current liabilities in YY's statement of financial position at 30 September 20X3 in respect of both of the loans outstanding at the year end?
Give your answer to the nearest $ million.

2. XY acquired 75% of the equity shares of CD on 1 January 20X2 for $230,000.
On 1 January 20X2 CD had the following balances:

XY uses the proportionate share of net assets method to value non controlling interest at acquisition.
Calculate the goodwill arising on the acquisition of CD.
Give your answer to nearest whole number.

3. BBB has been experiencing liquidity problems and currently has an overdraft with the bank.
Which THREE of the following would be appropriate measures to help address this problem?

A) Shorten the time taken to pay creditors.
B) Pay a dividend to shareholders.
C) Invest in a short term deposit with the bank.
D) Offer early settlement discounts to encourage debtors to pay more quickly.
E) Reduce the selling price of goods to reduce the holding of stock.
F) Sell some surplus fixed assets.

4. T T T is an online retailer. It has 1,000 units of Product X in inventory at the year end. The following information relates to Product X:

What is the amount that should be included in the cost of TTT's inventory of Product X?

A) $20,000
B) $22,150
C) $25,350
D) $20,450

5. The statement of profit or loss for PQ, ST and AB for the year ended 31 December 20X0 are shown below:

1. PQ acquired 80% of its subsidiary, ST, on 1 January 20X0 and 40% of its associate, AB, on 1 September 20X0.
2. Since acquistion PQ has sold goods to ST and AB for $20,000 and $30,000 respectively. At the year end both ST and AB have 50% of these goods remaining in inventory. PQ uses a mark-up of 20% on all of its sales.
3. Since acquisition the goodwill in respect of ST has been impaired by $8,000 and the investment in AB has been impaired by $2,000.
4. PQ uses the fair value method for non-controlling interest at acquisition.
Calculate the profit attributable to the non-controlling interests disclosed in PQ's consolidated statement of profit or loss for the year ended 31 December 20X0.
Give your answer to the nearest whole $.

Solutions: