Nowadays the knowledge capabilities and mental labor are more valuable than the manual labor because knowledge can create more wealth than the mental labor. If you boost professional knowledge capabilities in some area you are bound to create a lot of values and can get a good job with high income. Passing the test of CIMA certification can help you achieve that, and our F2 training materials are the best study materials for you to prepare for the test. Our F2 guide materials combine the key information about the test in the past years' test papers and the latest emerging knowledge points among the industry to help the clients both solidify the foundation and advance with the times. We give priority to the user experiences and the clients' feedback, F2 practice guide will constantly improve our service and update the version to bring more conveniences to the clients and make them be satisfied. The clients' satisfaction degrees about our F2 training materials are our motive force source to keep forging ahead. Now you can have an understanding of our F2 guide materials.

Pay high attention to the user experiences

Our service tenet is to let the clients get the best user experiences and be satisfied. From the research, compiling, production to the sales, after-sale service, we try our best to provide the conveniences to the clients and make full use of our F2 guide materials. We organize the expert team to compile the F2 practice guide elaborately and constantly update them. To let the clients have a fundamental understanding of our F2 training materials, we provide the free trials before their purchasing. To save the clients' time, we send the products in the form of mails to the clients in 5-10 minutes after they purchase our F2 practice guide and we simplify the information to let the client only need dozens of hours to learn and prepare for the test. To help the clients solve the problems which occur in the process of using our F2 guide materials, the clients can consult u about the issues about our study materials at any time. To make the clients get a systematically and targeted learning, we provide multiple functions in our software. So we can say that our F2 training materials are people-oriented and place the clients' experiences in the prominent position.

Free update within one year

We provide free update to the clients within one year. The clients can get more F2 guide materials to learn and understand the latest industry trend. We boost the specialized expert team to take charge for the update of F2 practice guide timely and periodically. They refer to the excellent published authors' thesis and the latest emerging knowledge points among the industry to update our F2 training materials. After one year, the clients can enjoy 50 percent discounts and the old clients enjoy some certain discounts when purchasing. So the clients can enjoy more benefits after they buy our F2 guide materials.

Pragmatic test practice software

To let the clients have an understanding of their mastery degree of our F2 guide materials and get a well preparation for the test, we provide the test practice software to the clients. The test practice software of F2 practice guide is based on the real test questions and its interface is easy to use. The test practice software boosts the test scheme which stimulate the real test and boost multiple practice models, the historical records of the practice of F2 training materials and the self-evaluation function. The test software can help you practice the real F2 questions. The clients can define the environment of the practice to adjust to their learning goals by themselves. Thus we can guarantee that you can get a high score in the test if you use our F2 guide materials.

CIMA Advanced Financial Reporting Sample Questions:

1. ST acquired 75% of the 2 million $1 equity shares of CD on 1 January 20X3, when the retained earnings of CD were S3,550,000. CD has no other reserves.
ST paid $5,600,000 for the shares in CD and the non controlling interest was measured at its fair value of S1,400,000 at acquisition.
At 1 January 20X3, the fair value of CD's net assets were equal to their carrying amount, with the exception of a building. This building had a fair value of $1,000,000 in excess of its carrying amount and a remaining useful life of 25 years on 1 January 20X3.
At 31 December 20X5, the retained earnings of ST and CD were $8,500,000 and $5,250,000 respectively.
What is the value of goodwill to be included in the consolidated statement of financial position of ST as at 31 December 20X5?

A) $450,000
B) $950,000
C) $570,000
D) $1,450,000

2. GH's financial statements show the following:
What is the value of the dividend received from the associate to be included in GH's consolidated statement of cash flows for the year?
Give your answer to the nearest $000.
$ ? 000

3. Which of the following statements are true regarding consolidated cash flows after the acquisition of a subsidiary?
Select ALL that apply.

A) Disclosure notes are required to show cash and cash equivalents paid or received, but not details of goodwill, assets and liabilities acquired
B) Cash acquired from the subsidiary upon purchase is represented as a cash inflow
C) Adjustments need to be made to group working capital in light of the working capital acquired from the subsidiary
D) The subsidiary's cash inflows and outflows become part of the group after purchase
E) Further adjustments are required to cash inflows and outflows after profit has been consolidated
F) Net cash paid to acquire a subsidiary is shown as a cash inflow within the cash flow from investing activities

4. AB acquired an investment in a debt instrument on 1 January 20X5 at its nominal value of $25,000, which it intends to hold until maturity. The instrument carried a fixed coupon interest rate of 5%, payable in arrears. Transactions costs of $5,000 were paid in respect of this investment. The effective interest rate applicable to this instrument was estimated at 9%.
Calculate the value of this investment that AB will include in its statement of financial position at 31 December 20X5.
Give your answer to the nearest whole number.
$ ?

5. PQ and WX are similar sized entities and operate in the same industry within Country X . Both operate from a single warehouse and have similar levels of non current asset resources.
The following ratios have been calculated at 31 October 20X8:

If considered individually, which of the following would limit the usefulness of these ratios in assessing the comparative financial performances of PQ and WX?

A) Increased prices for raw materials, which was passed on to customers by both entities.
B) Operating lease rentals for plant and equipment being charged to administration expenses by PQ and distribution costs by WX.
C) Depreciation of warehouses being charged to cost of sales by PQ and distribution costs by WX.
D) Year end review of equipment resulting in WX charging an impairment loss while PQ's equipment is not impaired.

Solutions: