CIMA Financial Reporting F1 Exam Questions in PDF

Free CIMA F1 Dumps Questions (page: 6)

The following information relates to ABC.



Which of the following would be a reason for the movement in the trade receivable days?

  1. A new credit controller was appointed during the year ended 30 June 20X3 who has been chasing customers for payment.
  2. A system of early settlement discount was introduced during the year ended 30 June 20X3 which was taken up by quite a few customers.
  3. One customer who regularly took 120 days to pay their invoices stopped buying goods from ABC during the year ended 30 June 20X3.
  4. It was decided during the year ended 30 June 20X3 to stop undertaking credit checks on new customers.

Answer(s): D



Which of the following is NOT a source of short-term finance?

  1. Increase in trade receivables
  2. Increase in trade payables
  3. Debt factoring
  4. Increase in a bank overdraft

Answer(s): A



CORRECT TEXT
AAA has the following working capital ratios at 30 March 20X4:



During the year ended 30 March 20X4 credit purchases were $3,600 and at 30 March 20X4 the outstanding trade payables amounted to $522.
The year ended 30 March 20X4 was not a leap year.
Calculate the working capital cycle for AAA.
Give your answer to one decimal place.

  1. 26.2 Days

Answer(s): A



CORRECT TEXT
An entity bought a capital item for $110,000 on 1 March 20X4 incurring legal fees at the date of purchase of $2,500.
On 1 May 20X4 additional costs classified as capital expenditure by the tax rules of the country of $25,000 were incurred in respect of the asset. On 1 June 20X4 repairs not classified as capital expenditure were incurred at a cost of $15,000.
The asset was sold for $250,000 on 30 November 20X8 and costs to sell were incurred of $4,300.
Calculate the chargeable gain on the disposal.
Give your answer to the nearest $.

  1. $108200

Answer(s): A



Which THREE of the following would be included in a cash budget?

  1. Interest payments
  2. Depreciation on machinery
  3. Salaries paid to staff
  4. Impairment of goodwill
  5. Profit on disposal of motor vehicle
  6. Dividends received from associate

Answer(s): A,C,F



Share your comments for CIMA F1 exam with other users:

A
Amit
9/7/2023 12:53:00 AM

very detailed explanation !

F
FisherGirl
5/16/2022 10:36:00 PM

the interactive nature of the test engine application makes the preparation process less boring.

C
Chiranthaka
9/20/2023 11:15:00 AM

very useful.

S
SK
7/15/2023 3:51:00 AM

complete question dump should be made available for practice.

G
Gamerrr420
5/25/2022 9:38:00 PM

i just passed my first exam. i got 2 exam dumps as part of the 50% sale. my second exam is under work. once i write that exam i report my result. but so far i am confident.

K
Kudu hgeur
9/21/2023 5:58:00 PM

nice create dewey stefen

A
Anorag
9/6/2023 9:24:00 AM

i just wrote this exam and it is still valid. the questions are exactly the same but there are about 4 or 5 questions that are answered incorrectly. so watch out for those. best of luck with your exam.

N
Nathan
1/10/2023 3:54:00 PM

passed my exam today. this is a good start to 2023.

1
1
10/28/2023 7:32:00 AM

great sharing

A
Anand
1/20/2024 10:36:00 AM

very helpful

K
Kumar
6/23/2023 1:07:00 PM

thanks.. very helpful

U
User random
11/15/2023 3:01:00 AM

i registered for 1z0-1047-23 but dumps qre available for 1z0-1047-22. help me with this...

K
kk
1/17/2024 3:00:00 PM

very helpful

R
Raj
7/24/2023 10:20:00 AM

please upload oracle 1z0-1110-22 exam pdf

B
Blessious Phiri
8/13/2023 11:58:00 AM

becoming interesting on the logical part of the cdbs and pdbs

L
LOL what a joke
9/10/2023 9:09:00 AM

some of the answers are incorrect, i would be wary of using this until an admin goes back and reviews all the answers

M
Muhammad Rawish Siddiqui
12/9/2023 7:40:00 AM

question # 267: federated operating model is also correct.

M
Mayar
9/22/2023 4:58:00 AM

its helpful alot.

S
Sandeep
7/25/2022 11:58:00 PM

the questiosn from this braindumps are same as in the real exam. my passing mark was 84%.

E
Eman Sawalha
6/10/2023 6:09:00 AM

it is an exam that measures your understanding of cloud computing resources provided by aws. these resources are aligned under 6 categories: storage, compute, database, infrastructure, pricing and network. with all of the services and typees of services under each category

M
Mars
11/16/2023 1:53:00 AM

good and very useful

R
ronaldo7
10/24/2023 5:34:00 AM

i cleared the az-104 exam by scoring 930/1000 on the exam. it was all possible due to this platform as it provides premium quality service. thank you!

P
Palash Ghosh
9/11/2023 8:30:00 AM

easy questions

N
Noor
10/2/2023 7:48:00 AM

could you please upload ad0-127 dumps

K
Kotesh
7/27/2023 2:30:00 AM

good content

B
Biswa
11/20/2023 9:07:00 AM

understanding about joins

J
Jimmy Lopez
8/25/2023 10:19:00 AM

please upload oracle cloud infrastructure 2023 foundations associate exam braindumps. thank you.

L
Lily
4/24/2023 10:50:00 PM

questions made studying easy and enjoyable, passed on the first try!

J
John
8/7/2023 12:12:00 AM

has anyone recently attended safe 6.0 exam? did you see any questions from here?

B
Big Dog
6/24/2023 4:47:00 PM

question 13 should be dhcp option 43, right?

B
B.Khan
4/19/2022 9:43:00 PM

the buy 1 get 1 is a great deal. so far i have only gone over exam. it looks promissing. i report back once i write my exam.

G
Ganesh
12/24/2023 11:56:00 PM

is this dump good

A
Albin
10/13/2023 12:37:00 AM

good ................

P
Passed
1/16/2022 9:40:00 AM

passed

AI Tutor 👋 I’m here to help!