Free CIMA BA3 Practice Exam with Questions & Answers | Set: 6

Which TWO of the following are responsibilities of the IFRS interpretations committee?

In a cash flow statement, which one of the following would not be found under the section "cash flows from operating activities"?

UVW is preparing its manufacturing account for the year ended 30 June 20X7 The following information is available:

What is UVWs prime cost for year ended 30 June 20X7?

Refer to the exhibit.

A company has the following debt in the statement of financial position

The finance cost to be charged to the income statement is

There are many types of fraud that can happen within a business. On example could be the theft of cash, concealing the theft by delaying banking or by making up the shortage from other sources.

What is this type of fraud called?

If the royalty cost falls on items used in the manufacturing process, which TWO of the following would be true?

Refer to the exhibit.

A company has the following equity balances at the beginning of the year

During the year the company made a bonus issue of 1 for 4 shares

What are the equity balances after this issue?

STU has an accounting period end of 31 December 20X8 During the year STU paid $4,800 for business insurance to cover the year to 30 June 20X9 The amount paid for business insurance for 30 June 20X8 was $4,500.

What is the insurance expense to be recognized in the statement of profit or loss of STU for the year ended 31 December 20X8? Give your answer to the nearest $

A company has total equity of $350,000 and a 5% debenture of $150,000. The net profit before interest for the period was $60,000.

The return on equity is

Refer to the exhibit.

Harvey commenced business with capital of $50,000. At the end of the first financial year, he has

What was the profit for the period?