Free CIMA CIMAPRO19-F02-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRO19-F02-1-ENG exam questions and correct answers

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Total 270 Questions | Updated On: Apr 29, 2026

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Question 1

Whatis meant by the term 'a placing of ordinary shares'?

A : lling new ordinary shares to a financial institution on a pre-arranged basis.

B : lling new ordinary shares directly to the public.

C : lling existing ordinary shares to new investors through a stock exchange.

D : lling new ordinary shares to existing shareholders.

Answer: A

Question 2

How would KL account for itsinvestment in MNin its consolidated financial statements for the year to 31 December 20X9?

A : int venture

B : int arrangement

C : nancial asset

D : bsidiary

Answer: A

Question 3

Information from the financial statements of an entity for the year to 31 December 20X5:

The gearing ratio calculated as debt/equity and interest cover are:

A : aring of 15% andinterest cover of 6.

B : aring of 16% and interest cover of 6.

C : aring of 15% and interest cover of 4.

D : aring of 16% and interest cover of 4.

Answer: A

Question 4

Which TWO of the following are true in relation to IAS21 The Effects of Changes in Foreign Exchange Rates when consolidating an overseas subsidiary?

A : urrent period exchange gain or loss is shown within the consolidated statement of comprehensive income within other comprehensive income.

B : odwill is re-translated at the end of each reporting period and reflected at the period end exchange rate in the consolidated statement of financial position.

C : Assets and liabilities of the subsidiary are translated at each reporting date using the average exchange rate for the period.

D : odwill is reflected in the consolidated statement of financial position translated at the exchange rate on the date of acquisition.

E : statement of profit or loss of the subsidiary is translated for the reporting period using the closing exchange rate.

Answer: A,B

Question 5

ST has sold its main office property, which had a carrying value of $360,000,to AB, a property management entity.

The property was sold for $400,000 which isequal to itsfair value and was immediately leased back under an operating lease agreement.

Which of the following journals will record this transaction?

A :

B :

C :

D :

Answer: A

Page: 1 / 54

Total 270 Questions | Updated On: Apr 29, 2026

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