Free CIMA CIMAPRA19-F03-1-ENG Practice Exam Questions and Answers 2026

Start Learning with the Newest and 100% Free CIMAPRA19-F03-1-ENG Exam Dumps Questions

Page: 1 / 61

Total 305 Questions | Updated On: Apr 01, 2026

Add To Cart

Question 1

A company has just received a hostile bid. Which of the following response strategies could be considered?

A : Revalue non-current assets

B : Poison pill strategy

C : Change the Articles of Association to amend voting rights

D : Approach a White Knight

Answer: D

Question 2

A company’s statement of financial position includes non-current assets which are leased, the tax regimefollows the accounting treatment.Which cash flows should be discounted when evaluating the cost of lease finance?

A : Lease payments, implied interested and straight-line accounting deprediation.

B : Lease payments and straight-line accounting depreciation.

C : Lease payments and implied interest.

D : Lease payments, tax relief on implied interest and tax relief on straight-line account depreciation.

Answer: B

Question 3

Two listed companies in the same industry are joining together through a merger.What are the likely outcomes that will occur after the merger has happened?Select ALL that apply

A : Increase in customer base.

B : Competition authorities step in to stop a potential price monopoly.

C : Decrease in employee motivation due to internal changes.

D : Changes to supplier relationships owing to internal changes.

E : Cost savings from synergistic benefits and economies of scale.

Answer: A,C,D

Question 4

Which THREE of the following statements are correct?

A : A portfolio can be diversified by increasing the number of securities in different industries held in the portfolio.

B : Systematic risk can be eliminated in a diversified portfolio.

C : The beta of a company-s shares reflects systematic risk.

D : A beta of 1 indicates that the investment is risk free.

E : The security market line (SML) shows the relationship between systematic risk and return.

Answer: A,C

Question 5

The International Integrated Reporting Council (IIRC) was formed in August 2010 and brings together across-section of representatives from a wide variety of business sectors.The primary purpose of the IIRC's framework is to help enable an organsation to communicate how it:

A : minimises the environmental impact of its business processes.

B : creates value in the short, medium and long term.

C : contributes positively to the economic well being of the environment in which it operates.

D : ensures that the conflicting needs of different stakeholder groups are met in an optimal manner.

Answer: B

Page: 1 / 61

Total 305 Questions | Updated On: Apr 01, 2026

Add To Cart