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CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 96 Discussion

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

Question #: 96
Topic #: 1

[All CIMAPRA17-BA3-1 Questions]

The IASB framework defines six characteristics of useful financial information.

Which one of the following is not one of these characteristics?

ARelevance

BComplete

CTimely

DPrudent

Show Suggested Answer

Suggested Answer: A, C, F

by Sena at Sep 09, 2024, 02:27 AM

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Annita

1 months ago

The IASB must have been really picky when they came up with these characteristics. I bet they were like, 'Relevance? Check. Timeliness? Check. Prudence? Check. Completeness? Nah, too much work.'

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Cordelia

1 months ago

Definitely B. 'Complete' is not one of the characteristics, I'm sure of it. Now, if only I could remember what the other five are...

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Sharee

1 months ago

I'm leaning towards C. 'Timely' just sounds like it should be one of the characteristics. Although, if I'm being honest, I'm still a little fuzzy on the whole IASB framework.

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Kattie

10 days ago

C) Timely

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Junita

14 days ago

B) Complete

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Giovanna

15 days ago

A) Relevance

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Patti

2 months ago

Hmm, I remember 'Prudent' being one of the characteristics, so I'll have to go with D. It's a shame they don't let us use calculators on these exams, am I right?

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Millie

2 months ago

Yeah, it's too bad we can't use calculators, it would make things a lot easier.

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Annita

2 months ago

I think you're right, 'Prudent' is one of the characteristics.

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Carline

2 months ago

I'm not sure, but I think D) Prudent is the correct answer because it's not mentioned in the IASB framework.

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Shawna

2 months ago

I agree with Gussie, D) Prudent doesn't seem to be one of the characteristics.

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Santos

2 months ago

I'm pretty sure 'Complete' is one of the characteristics, so I'll go with B. What do you think?

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Carman

1 months ago

I think we should go with B, 'Complete' is definitely one of the characteristics.

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Emerson

1 months ago

I'm not sure about 'Prudent', but I know 'Complete' is one of the characteristics. Let's choose D.

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Galen

2 months ago

I agree, 'Complete' is definitely one of the characteristics. B sounds like the right choice.

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Tamra

2 months ago

I think 'Complete' is one of the characteristics too. Let's go with B.

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Gussie

2 months ago

I think the answer is D) Prudent.

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