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CIMA F1 Financial Reporting F1 Financial Reporting Dumps in PDF

Free CIMA F1 Financial Reporting Real Questions (page: 14)

Page 8 of 40 F1 Financial Reporting PDF — 194 Questions

QUESTION: 36

Which of the following is NOT a responsibility of the International Accounting Standards Board?

Preparation of international financial reporting standards.
Fundraising for the international accounting standards committee foundation.
Withdrawal of international accounting reporting standards.
Final approval of interpretations by the international financial reporting interpretations committee.

Answer(s): B

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QUESTION: 37

Which THREE of the following must an auditor consider in order to form an opinion on the truth and fairness of an entity's financial statements?

Whether the entity has kept proper accounting records.
Whether the entity has complied with the relevant legislator requirements in respect of the necessary disclosures.
Whether all the information and explanations necessary for the purposes of the audit have been received.
Whether every transaction that underpins the financial statements has been correctly recorded.
Whether the entity has been exposed to any fraud.

Answer(s): A,B,C

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QUESTION: 38

Which of the following is not a possible tax rate structure?

Progressive
Proportional
Direct
Regressive

Answer(s): C

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QUESTION: 39

Which of the following is a feature of a direct tax?

The formal incidence and effective incidence are usually the same.
It is levied on one part of the economy with the intention that it will be passed on to another.
It is not levied on the eventual payer of the tax.
It cannot be related to the individual circumstances of the tax payer.

Answer(s): A

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QUESTION: 40

Which of the following is NOT an appropriate description of the meaning of the term incidence of tax?

It refers to the distribution of the tax burden.
It only relates to the person or entity that actually pays the tax authorities.
It can be formal or actual.
It relates to the person or entity that ultimately bears the cost of the tax.

Answer(s): B

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A

Ashok Kumar

1/2/2024 6:53:00 AM

the correct answer to q8 is b. explanation since the mule app has a dependency, it is necessary to include project modules and dependencies to make sure the app will run successfully on the runtime on any other machine. source code of the component that the mule app is dependent of does not need to be included in the exported jar file, because the source code is not being used while executing an app. compiled code is being used instead.

M

Merry

7/30/2023 6:57:00 AM

good questions

V

VoiceofMidnight

12/17/2023 4:07:00 PM

Delayed the exam until December 29th.

U

Umar Ali

8/29/2023 2:59:00 PM

A and D are True

V

vel

8/28/2023 9:17:09 AM

good one with explanation

G

Gurdeep

1/18/2024 4:00:15 PM

This is one of the most useful study guides I have ever used.

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