CIMA Exam CIMAPRA17-BA3-1 Topic 2 Question 99 Discussion

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

Question #: 99
Topic #: 2

[All CIMAPRA17-BA3-1 Questions]

Which of the following would be a role of the financial accountant?

AMeeting management reporting requirements

BMonitoring actual results to expected results

CMeeting external reporting requirements

DProducing budgets for the future

Show Suggested Answer

Suggested Answer: A

by Chauncey at Sep 13, 2024, 07:32 AM

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Cristy

1 months ago

Wait, there are different types of accounting? I thought it was just a bunch of people in suits staring at spreadsheets all day.

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Joanna

2 days ago

C) Meeting external reporting requirements

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Golda

3 days ago

B) Monitoring actual results to expected results

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Shelton

1 months ago

A) Meeting management reporting requirements

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Fannie

2 months ago

I thought financial accountants just cooked the books and embezzled funds. Guess I've been watching too many movies!

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Paz

1 months ago

C) Meeting external reporting requirements

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Cassandra

1 months ago

B) Monitoring actual results to expected results

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Murray

1 months ago

A) Meeting management reporting requirements

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Alison

2 months ago

B? Really? That sounds like more of a controller's job. Financial accountants are all about the numbers, not the analysis.

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Colby

16 days ago

D) Producing budgets for the future

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Kanisha

17 days ago

C) Meeting external reporting requirements

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Carlene

2 months ago

A) Meeting management reporting requirements

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Celeste

2 months ago

I'm going with D. Budgeting is a crucial part of the financial accountant's job, even if it's not the only thing they do.

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Wynell

2 months ago

Hmm, I'd say A and C are both correct. Financial accountants have to meet both internal and external reporting requirements.

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Lacey

1 months ago

Yes, that's right. It's important for financial accountants to fulfill both roles.

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Eladia

2 months ago

I agree, financial accountants have to meet both internal and external reporting requirements.

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Walker

2 months ago

I believe monitoring actual results to expected results is also important for financial accountants to analyze performance and make necessary adjustments.

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Hermila

2 months ago

Definitely C. External reporting is a core responsibility of the financial accountant. I've seen too many people mix that up with managerial accounting.

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