CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 68 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 68
Topic #: 1

[All CIMAPRA17-BA3-1 Questions]

Which THREE of the following are characteristics of management accounting?

AFocuses on departmental information

BMonitors actual results to expected results

CMeets external reporting requirements

DReports historic transactions

EUsed by tax authorities

FIs forward looking

Show Suggested Answer

Suggested Answer: A

by Justine at Mar 31, 2023, 10:01 AM

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Derrick

1 months ago

Haha, E is a good one! Tax authorities would love to get their hands on all that juicy management accounting data. But no, not the right answer.

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Daryl

2 months ago

I think C is a trick answer. Management accounting is for internal use, not external reporting. B, D, and F are the way to go.

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Marjory

21 days ago

Management accounting is all about monitoring results and looking forward.

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Maile

27 days ago

I think B, D, and F are the correct characteristics.

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Berry

1 months ago

I agree, C is definitely a trick answer.

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Carylon

2 months ago

I'm not sure about C and D. I think management accounting is more about internal decision-making rather than meeting external reporting requirements or reporting historic transactions.

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Jacinta

2 months ago

Definitely B and F, but I'm torn between A and D for the third option. Hmm, tough call.

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Tiffiny

17 days ago

So, the three characteristics of management accounting are A, B, and F.

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Nicolette

19 days ago

I believe D is also a characteristic, as management accounting reports historic transactions.

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Jesusita

26 days ago

I agree, A focuses on departmental information.

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Clement

1 months ago

I agree, A sounds like a characteristic of management accounting.

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Percy

2 months ago

I think A is more relevant because it focuses on departmental information.

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Rocco

2 months ago

I think A is a characteristic of management accounting.

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Carline

2 months ago

B, D, and F seem like the obvious choices here. Management accounting is all about monitoring performance and looking ahead.

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Ricki

2 months ago

I agree with Dalene. Management accounting focuses on departmental information, monitors actual results, and is forward looking.

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Dalene

2 months ago

I think A, B, and F are characteristics of management accounting.

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