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F2 Advanced Financial Reporting

Last Update Nov 21, 2024
Total Questions : 268

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F2 Advanced Financial Reporting Questions and Answers

Questions 1

FG's statement of profit or loss account for year ended 31 December 20X1 is:

  

What is the operating profit margin for FG for the year ended 31 December 20X1?

Give your answer to the nearest whole %.

 ?  %

Options:

Questions 2

Information from the financial statements of an entity for the year to 31 December 20X5:

  

 The gearing ratio calculated as debt/equity and interest cover are:

Options:

A.

gearing of 15% and interest cover of 6.

B.

gearing of 16% and interest cover of 6.

C.

gearing of 15% and interest cover of 4.

D.

gearing of 16% and interest cover of 4.

Questions 3

AB has taxable temporary differences arising from the revaluation of non current assets.

What is the journal entry to record the movement in the provision for deferred tax resulting from this difference?

Options:

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