Free CIMA CIMAPRA19-F01-1 Exam Actual Questions

The questions for CIMAPRA19-F01-1 were last updated On May 4, 2024

Question No. 1

Which THREE of the following statements are NOT true of the IFRS Foundation trustees?

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Correct Answer: A, B, C

Question No. 2

While conducting their audit, auditor 0 did not encounter issues which significantly limited the scope of their audit, however they did run into problems in that they disagreed with the management on facts in the statements.

These disagreements were somewhat material, but they did not affect the auditor's overall opinion of the business. Which of the following statements should auditor 0 issue?

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Correct Answer: A

Question No. 3

Extreme nepotism within Company E shows a failure to correctly observe which of the following principles of corporate governance?

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Correct Answer: A

Question No. 4

It costs PWR 7.50 to produce product H, per product. Product H is typically sold for 89.99. It costs 5.00 to package product H and 15 to deliver product H to customers.

PWR is currently selling faulty versions of product H from a defunct batch, (let's call this version product I), for 25% of the original price.

Which of the below options represent the correct inventory price for product I?

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Correct Answer: A

Question No. 5

Company RET's financing activities are exactly 35% of their operating activities expenses each month. Below is a list of Company RET's total expenses for this month:

Inventory supplies purchased: 145,000

Employee wages: 65,000

Purchase of a shop: 105,000

Dividend payments: ??

Cash repayments on loan: 61,000

What is company RET's total dividends payment for this month?

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Correct Answer: A