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Cimadumps.us | CIMA F1 Dumps Exam Engine Questions

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  1. Pass Financial Reporting and Taxation exam in just 24 HOURS! Financial Reporting and Taxation Buy Complete Questions Answers File from 100% REAL EXAM QUESTIONS ANSWERS http://www.cimadumps.us/f1-financial-reporting-and-taxation 100% Exam Passing Guarantee & Money Back Assurance

  2. Sample Questions - CimaDumps.us • Question # 1: • Which of the following methods could be used by a tax authority to reduce tax evasion and avoidance? • A. Increase tax rates to compensate for losses due to evasion. • B. Simplify the tax structure, minimizing allowances and exemptions. • C. Reduce requirements to have tax returns audited. • D. Reduce penalties for avoidance. • Answer: B

  3. Question # 2: • Which of the following is NOT a principle in the CIMA Code of Ethics for Professional Accountants? • A. Timeliness • B. Integrity • C. Objectivity • D. Professional competence and due care • Answer: A

  4. Question # 3: • Which THREE of the following must an auditor consider in order to form an opinion on the truth and fairness of an entity's financial statements? • A. Whether the entity has been exposed to any fraud. • B. Whether every transaction that underpins the financial statements has been correctly recorded. • C. Whether the entity has kept proper accounting records. • D. Whether the entity has complied with the relevant legislator requirements in respect of the necessary disclosures. • D. Whether all the information and explanations necessary for the purposes of the audit have been received. • Answer: C, D, E

  5. Question # 4: • Whilst undertaking an external audit, the auditor has identified that there is insufficient evidence to support the financial statements. As a result the auditors consider these financial statements to be wholly unreliable for decision making purposes. • This will result in a modified audit report with the opinion being .

  6. Question # 5: • To apply the fundamental principles of the Code of Ethics, existing and potential threats to the entity first need to be identified and evaluated. Which THREE of the following are identified in the Code as threats? • A. Self-review threats • B. Confidentiality threat • C. Self-interest threats • D. Integrity threats • E. Familiarity threats • F. Objectivity threats • Answer: C, A, D

  7. Question # 6: • Which THREE of the following are included in the International Accounting Standards Board's "The Conceptual Framework for Financial Reporting"? • A. The elements of financial statements • B. Qualitative characteristics of financial statements • C. Specification of the financial statements that must be presented • D. Definition of the headings to use in financial statements • E. The objective of financial statements • F. The formats of financial statements • Answer: E, B, A

  8. Buy Complete Questions Answers File from http://www.cimadumps.us/f1-financial-reporting-and-taxation 100% Exam Passing Guarantee & Money Back Assurance • PDF Version + Test Engine Software Version • 90 Days Free Updates Service • Valid For All Countries

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