Online Access Free CIMAPRO17-BA2-X1-ENG Exam Questions

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

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

Which TWO of the following are characteristics of Management Accounts? (Choose two.)

• A.Statutory requirement
• B.Provide information needed by shareholders
• C.Provide information to managers
• D.Governed by rules and regulations
• E.Internally focused

A project is about to be launched. Two of the three possible outcomes and their associated probabilities are as follows:

The remaining possible outcome is a $70,000 gain.
What is the correct calculation of the expected value of the project?

• A.($30,000 x 0.7) + ($70,000 x (1.0 - (0.2 + 0.7))) + ($25,000 x 0.2)
• B.($30,000 + $70,000 - $25,000) x (0.7 + (1.0 - (0.2 + 0.7)) + 0.2)
• C.($30,000 + $70,000 - $25,000) / 3
• D.($30,000 x 0.7) + ($70,000 x (1.0 - (0.2 + 0.7))) - ($25,000 x 0.2)

The International Federation of Accountants (IFAC) stated that it was important that "accountants in business" should understand what the drivers of stakeholder value are. Which of the following statements is valid?

• A.Only an organisation's shareholders and employees can be considered to be its stakeholders.
• B.Stakeholders must be external to the organisation.
• C.Anyone with an interest in an organisation can be considered to be one of its stakeholders.
• D.Only an organisation's shareholders can be considered to be its stakeholders.

A company that uses standard costing wishes to reconcile the difference between the profit for a period calculated using absorption costing with that calculated using marginal costing.
Which TWO of the following will NOT help with this reconciliation? (Choose two.)

• A.The fixed production overhead absorption rate.
• B.The under or over absorbed fixed production overheads.
• C.The actual fixed production overheads.
• D.The opening inventory.
• E.The closing inventory.