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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Carylon

11 days 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

16 days ago

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

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Rocco

4 days ago

I think A is a characteristic of management accounting.

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Carline

17 days 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

18 days ago

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

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Dalene

20 days ago

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

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