CIMAPRO17-BA2-X1-ENG Exam Training Practice Tests (CIMA BA2 – Fundamentals of Management Accounting Question Tutorial)]

Question 1

According to CIMA's Code of Ethics, CIMA members should not allow bias, conflict of interest of the influence of other people to override their professional judgement.
This is an example of:

A. professional competence and due care. B. professional behaviour. C. objectivity. D. integrity.

Correct Answer: C

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Question 2

Which THREE of the following are parts of the master budget? (Choose three.)

A. Cash flow budget. B. Sales budget. C. Budgeted statement of profit or loss. D. Administration overhead budget. E. Budgeted statement of financial position. F. Finished goods inventory budget.

Correct Answer: A,C,E

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Question 3

The year-to-date results at the end of month 9 included sales revenue of $3,600,000 and variable costs of
$2,100,000.
During month 10, sales revenue was $450,000 and variable costs were $270,000.
What year-to-date contribution to sales ratio (C/S ratio) would be reported at the end of month 10?

A. 41,5% B. 40,0% C. 58,5% D. 70,9%

Correct Answer: C

Question 4

Which of the following is NOT a characteristic of useful operational level information?

A. Focused on the decision to be made. B. Available immediately. C. Sufficiently accurate. D. Governed by financial reporting standards.

Correct Answer: B

Question 5

In order for the information in a management accounting report to be authoritative its contents must be:

A. complete and relevant. B. trusted and from reliable sources. C. both financial and non-financial. D. complete and reported in a timely manner.

Correct Answer: A

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Question 6

Which of the following statements relating to risk and uncertainty is correct?

A. Risk exists when we do not know all of the possible outcomes. B. Uncertainty exists when we know all of the possible outcomes but not their probabilities. C. Uncertainty exists when we know all of the possible outcomes and their probabilities. D. Risk exists when we know all of the possible outcomes but not their probabilities.

Correct Answer: B

CIMA BA2 – Fundamentals of Management Accounting Question Tutorial - CIMAPRO17-BA2-X1-ENG Exam Practice Test