Free CIMA Mock Exam Question from Tuesday 26th

Today we have a question relating to the new 2019 syllabus for F1. The question was: An organisation preparing its financial statements to IFRS must state this in the notes, but can only do so if they are fully compliant with which of the following: This question relates to ‘B: Financial Statements’ and is a … Read more

Free CIMA Mock Exam Question from Friday 15th

Today we have a question relating to the new 2019 syllabus for P1. The question was: Calculate the total profit under a Marginal Costing system for the following: Selling Price £65 unit Variable Costs £40 unit Fixed Costs £12,600 Predicated Sales 650 units Production 700 unit This question relates to ‘A: Cost Accounting for Decision … Read more

Free CIMA Mock Exam Question from Monday 11th

Today we have a question relating to the new 2019 syllabus for E1. The question was: Artificial Intelligence is already having a high impact on the accounting profession, which Process is being enhanced by AI in this example: “It will be automated and dynamic. It will take the form of intelligent dashboards based on data … Read more

Free CIMA Mock Exam Question from Friday 8th

Today we have a question relating to the new 2019 syllabus for F1. The question was: If an organisation’s Statement of Financial Position was constructed so that Total Liabilities and Equity equalled £12,000,000 What must total assets equal? This question relates to ‘B: Financial Statements’ and is a slightly different version of the question in … Read more

Free CIMA Mock Exam Question from Thursday 7th

Today we have a question relating to the new 2019 syllabus for E1. The question was: Of the scenarios below where does the finance department have an advantage over data scientists? This question relates to ‘C: Data and Information in the Digital World’ and is a slightly different version of the question in one of … Read more

Monday 4 November Answer

Today we have a question relating to the new 2019 syllabus for P1. The question was: Which one of the following types of costs would not be considered in a discontinuation decision? This question relates to ‘C: Short-term commercial decision making’ and is a slightly different version of the question in one of our free … Read more

Free CIMA Mock Exam Question from Thursday 31st

Today we have a question relating to the new 2019 syllabus for F1. The question was: An organisation generated total revenue of £100,000,000 with cost of goods of £75,000,000. It also incurred selling expenses of £7,000,000 and administrative expenses of £6,000,000. Along with a gain on the sale of an investment of £3,000,000 and a … Read more

Free CIMA Mock Exam Question from Wednesday 30th

Today we have a question relating to the new 2019 syllabus for E1. The question was: What are the potential consequences of not completing internal Strategic Partnering? This question relates to ‘D: Shape and structure of the finance function’ and is a slightly different version of the question in one of our free mock exams. … Read more

Tuesday 22 October Answer

Today we have a question relating to the new 2019 syllabus for F1. The question was: The IASB has identified seven principles of effective communication, stating that information contained within financial statements. Which one of the following is not one of the seven principles?   This question relates to ‘B: Financial Statements’ and is a … Read more

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