Most Recent CIMAPRA19-F01-1 Exam Dumps

Prepare for the CIMA F1 Financial Reporting exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRA19-F01-1 exam and achieve success.

The questions for CIMAPRA19-F01-1 were last updated on May 3, 2025.

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Question No. 1

UV has recently been having cash flow issues due to its credit customers paying after the credit period they have been granted.

UV is looking into factoring the receivables to a factoring company on a recourse basis to improve its cash flow.

Which TWO of the following will UV encounter as a result of employing the factoring company?

ANo irrecoverable debts

BReduction in payables days

CReduction in the need for management control

DReduction in bank overdraft charges

EIncrease in cash sales

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Correct Answer: C, D

Question No. 2

PZ has the following working capital ratios:

Which of the following could be the reason for the movements?

APZ has introduced a new policy to take discounts from suppliers during 20X1.

BThe workforce of PZ have been on strike for a month during 20X1 but deliveries of inventory have still been received by the entity.

CA new credit controller has been employed who has been more rigorous with their collection procedure of receivables.

DPZ has implemented a just-in-time system of ordering inventory during 20X1.

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Correct Answer: B

Question No. 3

Which of the following is NOT a type of supply for value added tax (VAT)?

AFixed

BStandard-rated

CExempt

DZero-rated

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Correct Answer: A

Question No. 4

Which of the following is a feature of value added tax (VAT)?

AOnly registered entities can charge VAT on sales or recover VAT paid on purchases.

BThe value of all supplies must be taken into account when determining whether the registration threshold has been exceeded.

CEntities cannot register for VAT if the value of their taxable supplies is below the registration threshold.

DEntities that make only standard-rated or zero-rated supplies have their right to recover input tax restricted.

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Correct Answer: A

Question No. 5

Mr AM is the owner of Waxco Ltd. Mr AM was born in India, but currently resides in the US

AHe has gained dual Indian and American citizenship.
Mr AM first registered Waxco Ltd in the USA when he started the company ten years ago. However, because of lower costs, the company moved its central management station to Germany two years ago. Waxco Ltd has other smaller offices such as call centres across Asia, in locations such as Pakistan and Cambodia, however Waxco Ltd only currently sell goods in the USA.
Which of the countries mentioned are relevant for determining Waxco Ltd's competent jurisdiction?

AThe USA

BGermany

CIndia

DPakistan

ECambodia

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Correct Answer: A, A, B

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