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Cima F1 Questions Answers

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Title: Cima F1 Questions Answers


1
Education
Cima F1 Financial Reporting and Taxation
Study
Power
Student
https//www.exams4sure.com/CIMA/F1-practice-exam-d
umps.html
2
What is CIMA?
CIMA is the most relevant accounting
qualification for business. Becoming a Chartered
Management Accountant can accelerate your career
and boost your salary. It is a proven path to
business success.
3
CIMA Certificate In Business Accounting
4
F1 financial operations
The F1 exam focuses on how to prepare full
financial statements for a single company and
the principal consolidated financial statements
for a simple group
Get Complete File Click Here
5
Pass Your Exam By The Help Of Exams4sure.com
6
Now days passing CIMA certification exams are not
easy and simple. Before you attempt to get the
exams, you need to understand its all levels of
assurance. If you would like to pass CIMA
certifications and you are as well seeking for
most excellent and simple to understand stuff so,
now it is very simple for you to obtain it. This
website is offering you here most up-to-date
questions answers of CIMA certification exams,
correct according to the updated exam.
7
Get Complete File CLICK Here
8
(No Transcript)
9
How Cima Benefits Your Business
  • Analysis - Understanding the history behind
    numbers and use it to make business
  • decisions
  • Strategy Using the insight from analysis to
    help formulate business strategy to create
  • wealth and shareholder value.
  • Risk - The application of analytical skills to
    observe business processes end end a pair
  • identify and manage risks.
  • Planning using accounting techniques to plan
    and budget.
  • Communication knowing what information
    management needs and explaining
  • the numbers to non-financial managers.

https//www.exams4sure.com/CIMA/F1-practice-exam-d
umps.html
10
Here are some questions of Cima F1 that you get
same in your exam.
https//www.exams4sure.com/CIMA/F1-practice-exam-d
umps.html
11
Question No 1
  • What are the Characteristics of a good tax
    according to Adam Smith?
  • Answer
  • - Fair (reflect person's ability to pay)
  • - Absolute (certain not arbitrary)
  • - Convenient (easy to pay)
  • - Efficient (low collection costs)

https//www.exams4sure.com/CIMA/F1-practice-exam-d
umps.html
12
Question No 2
  • What are the 3 major principles of good tax
    policy?
  • Answer
  • Equity
  • Efficiency (PAYE system)
  • Economic effects

https//www.exams4sure.com/CIMA/F1-practice-exam-d
umps.html
13
Question No 3
  • What are 2 types of taxes?
  • Answer
  • - Direct imposed directly on the person or
    enterprise required to pay the tax (tax on
    personal income, on business profits, on disposal
    of chargeable assets) income tax, capital gains
    tax, corporation tax
  • - Indirect imposed on one part of the economy
    with the intention that the tax burden be passed
    on to another (sales tax, VAT)

https//www.exams4sure.com/CIMA/F1-practice-exam-d
umps.html
14
Question No 4
What is Tax incidence? Answer The distribution
of the tax burden (who is paying the tax)
https//www.exams4sure.com/CIMA/F1-practice-exam-d
umps.html
15
Question No 5
  • What are the 2 types of incidence?
  • Answer
  • - Formal incidence the person who has direct
    contact with the tax authorities
  • - Actual incidence the person who actually ends
    up bearing the cost of the tax

https//www.exams4sure.com/CIMA/F1-practice-exam-d
umps.html
16
Why Choose Exams4sure
17
Pass your Cima F1 Financial Reporting and
Taxation Exam by the help of
To Get Complete File
Click Here
18
Education
Cima F1 Financial Reporting and Taxation
Study
Power
Student
Your all study problems solutions
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