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CIMA F2 Exam With Confidence Using Practice Dumps

Exam Code:
F2
Exam Name:
F2 Advanced Financial Reporting
Certification:
Vendor:
Questions:
268
Last Updated:
Jun 24, 2026
Exam Status:
Stable
CIMA F2

F2: CIMA Management Exam 2025 Study Guide Pdf and Test Engine

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F2 Advanced Financial Reporting Questions and Answers

Question 1

The tax benefit on a company's asset is £180,000 and the useful life on that asset is five years. The company creates a deferred tax provision to spread this benefit over the asset's useful life.

What entry is needed to reduce this deferred tax provision in the company's year two accounts?

Options:

A.

DR Deferred tax liability (SOFP) £36,000

B.

CR Deferred tax liability (SOFP) £36,000

C.

DR Corporation tax (income statement) £36,000

D.

CR Corporation tax (income statement) £36,000

E.

DR Deferred tax liability (SOFP) £144,000

F.

CR Deferred tax liability (SOFP) £144,000

G.

DR Corporation tax (income statement) £144,000

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Question 2

Which of the following defines the calculation of interest cover?

Options:

A.

Profit before interest and tax divided by finance costs

B.

Finance costs divided by profit before interest and tax

C.

Profit after tax divided by finance costs

D.

Finance costs divided by profit after tax

Question 3

Which of the following principles are the basic principles followed by the consolidated income statement?

Select ALL that apply.

Options:

A.

Include all of the parent's income and expenses plus all of the subsidiaries' income and expenses

B.

Ignore investment income from subsidiary to parent (e.g. dividend payments or loan interest)

C.

After profit for the period, show the profit split between amounts attributable to the parent's shareholders and other shareholders

D.

Include all of the parent's income and expenses minus all of the subsidiaries' income and expenses

E.

Include investment income from subsidiary to parent (e.g. dividend payments or loan interest)