Only need to practice for 20 to 30 hours

You will get to know the valuable exam tips and the latest question types in our F1 certification training files, and there are special explanations for some difficult questions, which can help you to have a better understanding of the difficult questions. All of the questions we listed in our F1 practice exam materials are the key points for the IT exam, and there is no doubt that you can practice all of F1 best questions within 20 to 30 hours, even though the time you spend on it is very short, however the contents you have practiced are the quintessence for the IT exam. And of course, if you still have any misgivings, you can practice our F1 certification training files again and again, which may help you to get the highest score in the IT exam.

There is no doubt that the IT examination plays an essential role in the IT field. On the one hand, there is no denying that the F1 practice exam materials provides us with a convenient and efficient way to measure IT workers' knowledge and ability(F1 best questions). On the other hand, up to now, no other methods have been discovered to replace the examination. That is to say, the IT examination is still regarded as the only reliable and feasible method which we can take (F1 certification training), and other methods are too time- consuming and therefore they are infeasible, thus it is inevitable for IT workers to take part in the IT exam. However, how to pass the CIMA F1 exam has become a big challenge for many people and if you are one of those who are worried, congratulations, you have clicked into the right place--F1 practice exam materials. Our company is committed to help you pass exam and get the IT certification easily. Our company has carried out cooperation with a lot of top IT experts in many countries to compile the F1 best questions for IT workers and our exam preparation are famous for their high quality and favorable prices. The shining points of our F1 certification training files are as follows.

Simulate the real exam

We provide different versions of F1 practice exam materials for our customers, among which the software version can stimulate the real exam for you but it only can be used in the windows operation system. It tries to simulate the F1 best questions for our customers to learn and test at the same time and it has been proved to be good environment for IT workers to find deficiencies of their knowledge in the course of stimulation.

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Fast delivery in 5 to 10 minutes after payment

Our company knows that time is precious especially for those who are preparing for CIMA F1 exam, just like the old saying goes "Time flies like an arrow, and time lost never returns." We have tried our best to provide our customers the fastest delivery. We can ensure you that you will receive our F1 practice exam materials within 5 to 10 minutes after payment, this marks the fastest delivery speed in this field. Therefore, you will have more time to prepare for the F1 actual exam. Our operation system will send the F1 best questions to the e-mail address you used for payment, and all you need to do is just waiting for a while then check your mailbox.

CIMA Financial Reporting Sample Questions:

1. Which THREE of the following actions, considered in isolation, would increase the working capital cycle of an entity?

A) Take advantage of new bulk purchase discounts available.
B) Remove a prompt payment discount available to customers.
C) Change to a Just-in-Time approach to manage inventory.
D) Reduce the selling prices charged to customers.
E) Increase the credit period available to customers.
F) Take longer to pay suppliers for purchases.

2. PP supplies zero-rated and standard-rated goods. During the year ended 30 March 20X3, the standard-rated goods made up 50% of the total supplies. During the year ended 30 March 20X4 this percentage increased to 60%.
What percentage of input tax suffered can PP claim back in the year ended 30 March 20X4?
Give your answer as a whole number.

3. Which TWO of the following statements about accounting for associates are true?

A) Intra associate transactions are eliminated
B) Intra associate transactions are not eliminated
C) Unrealised profits are adjusted for
D) Unrealised profits are not adjusted for

4. Which of the following would be classified as a parent and subsidiary relationship in accordance with IFRS 10 Consolidated Financial Statements?

A) Entity D owns 25% of another entity's equity shares and associated voting rights and 100% of its preference shares.
B) Entity C owns 45% of another entity's equity shares and can exercise significant influence over that entity's financial and operating policy decisions.
C) Entity A owns 30% of another entity's equity shares and has the power to appoint or remove the majority of the members of the board of directors and control of the entity is through that board.
D) Entity B owns 20% of another entity's equity shares and has an agreement with other equity shareholders of that entity that gives it power over a further 20% of the equity voting rights.

5. XYZ's accounting profit for the last reporting period is $200,000. This is after deduction of:
* Accounting depreciation of $40,000.
* Entertaining expenses of $10,000 which are disallowable for tax purposes
* Directors' salaries of 530.000
Tax depreciation allowances of $60,000 are available and the rate of corporate income tax is 20%.
What is the corporate tax liability of XYZ for the reporting period?

A) $38,000
B) $36,000
C) $44,000
D) $42,000

Solutions: