Free CIMA CIMAPRA19-F03-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRA19-F03-1-ENG exam questions and correct answers

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Total 305 Questions | Updated On: Oct 29, 2024

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Question 1

Which THREE of the following are considered in detail in IFRS 7 Financial Instruments: Disclosures?

A : edit risk

B : iness risk

C : rket risk

D : terprise risk

E : quidity risk

Answer: A,C

Question 2

Which THREE of the following would be most important if a hospital wishes to review the effectiveness of its services?

A : proportion of surgical procedures that are deemed to be successful.

B : erage waiting times for treatment.

C : tient satisfaction ratings.

D : aff costs compared to previous years.

E : venue generated from car park charges.

Answer: A,B,C

Question 3

Company U has made a bid for the entire share capital of Company B.

Company U is offering the shareholders in Company B the option of either a share exchange or a cash

alternative.

Advise the shareholders in Company B which THREE of the following would be considered disadvantages of

accepting the cash consideration?

A : h consideration is certain whereas Company U's future share price performance is uncertain.

B : terest rates on deposit accounts are currently at a historic low and are expected to remain low.

C : mpany U is not expected to change its dividend policy post-acquisition.

D : xation is payable on realised capital gains.

E : ere will be no opportunity to participate in the future economic success of Company U.

Answer: A,B,D

Question 4

A company has just received a hostile bid. Which of the following response strategies could be considered?

A : value non-current assets

B : ison pill strategy

C : ange the Articles of Association to amend voting rights

D : proach a White Knight

Answer: D

Question 5

For which THREE of the following risk categories does IFRS 7 require sensitivity analysis?

A : rrency risk

B : quidity risk

C : terest rate risk

D : mmodity risk

E : edit risk

F : pply chain risk

Answer: A,C,D

Page: 1 / 61

Total 305 Questions | Updated On: Oct 29, 2024

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