CIMA F2 問題集

質問 1：
GH is seeking to finance a substantial new project that is guaranteed to enhance the profitability of the entity. Its key determinants in deciding upon the best source of finance are to balance the following requirements:
1) to minimise the costs of issue of the finance;
2) to avoid the need to find cash to repay the source of finance; and
3) to ensure that the long-term gearing level does not increase.
Which of the following financing options best meets these requirements?
A. A term loan
B. Convertible loan stocks
C. Redeemable preference shares
D. Initial public offering of ordinary shares
正解：B

質問 2：
Which of the following taken independently would explain the reduction in the profits as highlighted by the Chairman's press release?
A. Staff training costs.
B. Extended credit terms to customers.
C. Installation costs of new equipment.
D. Amortisation of development expenditure.
正解：A

質問 3：
The consolidated statement of profit or loss for VW for the year ended 30 September 20X7 includes the following:

What is VW's interest cover for the year ended 30 September 20X7?
A. 4.1
B. 3.3
C. 4.5
D. 5.1
正解：C

質問 4：
JK is seeking to raise new finance through a rights issue of equity shares.
Which THREE of the following statements are correct?
A. Entities have the opportunity to underwrite a rights issue.
B. A rights issue will dilute an existing shareholder's control of the entity if they do not take up their rights.
C. The administration costs associated with a rights issue are higher than those for an initial public offering.
D. Shareholders' entitlement to rights may be sold on their behalf.
E. An alternative name for a rights issue is a scrip issue of shares.
F. Shareholders must pay the full market price for shares offered in a rights issue.
正解：A,B,D

質問 5：
Which of the following statements are INCORRECT with regards to impairment of financial instruments; Select ALL that apply.
A. In the result of an impairment loss, the carrying amount of the asset is directly reduced, or reduced through an allowance account.
B. Held to maturity instruments and available for sale assets are both measured at amortised cost and are therefore impacted by impairment.
C. If a contract relating to a financial instrument is breached then this might be an indication of impairment.
D. The impairment loss on held to maturity instruments is the difference between the assets carrying amount and the present value of its future cashflows.
E. If a loss is suspected following an impairment review, a financial asset is written down to its fair value.
正解：B,E