CIMA F1 Financial Reporting Exam (page: 5)
CIMA F1 Financial Reporting
Updated on: 24-Mar-2026

CORRECT TEXT
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.

  1. $5000

Answer(s): A



In Country X corporate income tax is levied on profits as follows:



Which of the following describes the tax rate structure in Country X?

  1. Proportional
  2. Regressive
  3. Progressive
  4. Competent

Answer(s): C



The accounting profit before tax of an entity was $243,200 for the year ended 31 July 20X4.

The accounting profit included disallowable income from government grants of $48,000 and disallowable expenditure of $25,600 on entertaining expenses. The entity also paid a $40,000 dividend to shareholders. The tax rates for the country were as follows:



Calculate the tax the entity is due to pay for the year ending 31 July 20X4.

  1. $47,840
  2. $39,174
  3. $57,546
  4. $44,160

Answer(s): A



Which of the following is an example of a progressive tax?

  1. Personal income tax of 10% on earnings up to $10,000, then at 15% over $10,001
  2. Corporate income tax of 20% on earnings up to $100,000, then at 10% over $100,000
  3. Corporate income tax of 20% on all earnings
  4. Personal income tax of 10% and corporate income tax of 20%

Answer(s): A



From the list below identify the item that appears in the statement of financial position.

  1. The amount of interest charged on loans during the year.
  2. The amount of loans outstanding at the year end.
  3. The amount of loans repaid during the year.
  4. The amount of interest actually paid during the year.

Answer(s): B



Viewing Page 5 of 40



Share your comments for CIMA F1 Financial Reporting exam with other users:

Shiji 10/15/2023 1:34:00 PM

very good questions
INDIA


Rita Rony 11/27/2023 1:36:00 PM

nice, first step to exams
Anonymous


Aloke Paul 9/11/2023 6:53:00 AM

is this valid for chfiv9 as well... as i am reker 3rd time...
CHINA


Calbert Francis 1/15/2024 8:19:00 PM

great exam for people taking 220-1101
UNITED STATES


Ayushi Baria 11/7/2023 7:44:00 AM

this is very helpfull for me
Anonymous


alma 8/25/2023 1:20:00 PM

just started preparing for the exam
UNITED KINGDOM


CW 7/10/2023 6:46:00 PM

these are the type of questions i need.
UNITED STATES


Nobody 8/30/2023 9:54:00 PM

does this actually work? are they the exam questions and answers word for word?
Anonymous


Salah 7/23/2023 9:46:00 AM

thanks for providing these questions
Anonymous


Ritu 9/15/2023 5:55:00 AM

interesting
CANADA


Ron 5/30/2023 8:33:00 AM

these dumps are pretty good.
Anonymous


Sowl 8/10/2023 6:22:00 PM

good questions
UNITED STATES


Blessious Phiri 8/15/2023 2:02:00 PM

dbua is used for upgrading oracle database
Anonymous


Richard 10/24/2023 6:12:00 AM

i am thrilled to say that i passed my amazon web services mls-c01 exam, thanks to study materials. they were comprehensive and well-structured, making my preparation efficient.
Anonymous


Janjua 5/22/2023 3:31:00 PM

please upload latest ibm ace c1000-056 dumps
GERMANY


Matt 12/30/2023 11:18:00 AM

if only explanations were provided...
FRANCE


Rasha 6/29/2023 8:23:00 PM

yes .. i need the dump if you can help me
Anonymous


Anonymous 7/25/2023 8:05:00 AM

good morning, could you please upload this exam again?
SPAIN


AJ 9/24/2023 9:32:00 AM

hi please upload sre foundation and practitioner exam questions
Anonymous


peter parker 8/10/2023 10:59:00 AM

the exam is listed as 80 questions with a pass mark of 70%, how is your 50 questions related?
Anonymous


Berihun 7/13/2023 7:29:00 AM

all questions are so important and covers all ccna modules
Anonymous


nspk 1/19/2024 12:53:00 AM

q 44. ans:- b (goto setup > order settings > select enable optional price books for orders) reference link --> https://resources.docs.salesforce.com/latest/latest/en-us/sfdc/pdf/sfom_impl_b2b_b2b2c.pdf(decide whether you want to enable the optional price books feature. if so, select enable optional price books for orders. you can use orders in salesforce while managing price books in an external platform. if you’re using d2c commerce, you must select enable optional price books for orders.)
Anonymous


Muhammad Rawish Siddiqui 12/2/2023 5:28:00 AM

"cost of replacing data if it were lost" is also correct.
SAUDI ARABIA


Anonymous 7/14/2023 3:17:00 AM

pls upload the questions
UNITED STATES


Mukesh 7/10/2023 4:14:00 PM

good questions
UNITED KINGDOM


Elie Abou Chrouch 12/11/2023 3:38:00 AM

question 182 - correct answer is d. ethernet frame length is 64 - 1518b. length of user data containing is that frame: 46 - 1500b.
Anonymous


Damien 9/23/2023 8:37:00 AM

i need this exam pls
Anonymous


Nani 9/10/2023 12:02:00 PM

its required for me, please make it enable to access. thanks
UNITED STATES


ethiopia 8/2/2023 2:18:00 AM

seems good..
ETHIOPIA


whoAreWeReally 12/19/2023 8:29:00 PM

took the test last week, i did have about 15 - 20 word for word from this site on the test. (only was able to cram 600 of the questions from this site so maybe more were there i didnt review) had 4 labs, bgp, lacp, vrf with tunnels and actually had to skip a lab due to time. lots of automation syntax questions.
EUROPEAN UNION


vs 9/2/2023 12:19:00 PM

no comments
Anonymous


john adenu 11/14/2023 11:02:00 AM

nice questions bring out the best in you.
Anonymous


Osman 11/21/2023 2:27:00 PM

really helpful
Anonymous


Edward 9/13/2023 5:27:00 PM

question #50 and question #81 are exactly the same questions, azure site recovery provides________for virtual machines. the first says that it is fault tolerance is the answer and second says disater recovery. from my research, it says it should be disaster recovery. can anybody explain to me why? thank you
CANADA