Accountant CIMA-SCS Actual Free Exam Questions & Community Discussion
- Improve quality of info
- Create value over time
- Enhance accountability for capitals
- Support integrated thinking
- Create value over time
- Enhance accountability for capitals
- Support integrated thinking
Correct Answer: D
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- Forward contract
- Money market hedging
- Currency futures
- Currency options
- Money market hedging
- Currency futures
- Currency options
Correct Answer: B
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- Rivalry among competitors
- Threat of new entrants
- Threat of substitute products
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitute products
- Bargaining power of buyers
- Bargaining power of suppliers
Correct Answer: D
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- Long term movements in ex. rate
- Long term movements can impact value of company
- Long term movements can impact value of company
Correct Answer: B
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- Net asset valuation
- Intangible assets
- Earnings based valuation
- Future free cashflows
- Intangible assets
- Earnings based valuation
- Future free cashflows
Correct Answer: D
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- Cumulative (roll over)
- Non-Cumulative (no roll)
- Participating (based on performance)
- Convertible (exchange for ordinary shares)
- Non-Cumulative (no roll)
- Participating (based on performance)
- Convertible (exchange for ordinary shares)
Correct Answer: C
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- Binding agreement to convert from one currency to another on a certain future date agreed today
- Fixes rate today, paid later
- Easy to set up from banks, low transaction costs
- Can be tailored
- BUT does not allow Daistruk to take advantage of favourable ex. rate movements
- Fixes rate today, paid later
- Easy to set up from banks, low transaction costs
- Can be tailored
- BUT does not allow Daistruk to take advantage of favourable ex. rate movements
Correct Answer: D
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- Borrow in one currency and deposit money in another currency
- Loan taken out today in R$ and cash converted to E$ today and transferred to Euro bank account and kept there until required
- Interest paid when funds are needed
- Loan taken out today in R$ and cash converted to E$ today and transferred to Euro bank account and kept there until required
- Interest paid when funds are needed
Correct Answer: B
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- Daistruk Current gearing = 39.5% (D/D+E)
- Amount of finance required
- Risk level of acquisition
- Setting a maximum overdraft level
- Amount of finance required
- Risk level of acquisition
- Setting a maximum overdraft level
Correct Answer: B
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- Daistruk is in roundland only and would have minimal exposure to currency risk
- If they expand, they will need to consider it
- If they generate cash in another currency, they will need to convert it to R$ as that would be their base currency
- Long term profitability will be affected by ex. movements
- If they expand, they will need to consider it
- If they generate cash in another currency, they will need to convert it to R$ as that would be their base currency
- Long term profitability will be affected by ex. movements
Correct Answer: D
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- Hard to value intangible assets (such as brand)
- Won't be on balance sheet usually
- Would need to carry out due diligence
- Won't be on balance sheet usually
- Would need to carry out due diligence
Correct Answer: A
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