CIMA Exam CIMAPRA17-BA3-1 Topic 4 Question 103 Discussion

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

Question #: 103
Topic #: 4

[All CIMAPRA17-BA3-1 Questions]

It underpins all accounting standards and provides the platform from which all future standards will be developed.

Which ONE of the following is described above?

AThe Companies Act

BThe Framework

CThe European Union

DThe International Financial Reporting Interpretation Committee

Show Suggested Answer

Suggested Answer: A

by Kasandra at Nov 19, 2024, 01:40 AM

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Chery

4 days ago

Hmm, let me think. The Companies Act? Nah, that's just for corporate bureaucrats. The Framework it is, the Holy Grail of the accounting world!

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Dallas

19 days ago

B) The Framework, of course. It's the accounting equivalent of the Rosetta Stone - the key to understanding all those cryptic financial reports.

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Jackie

6 days ago

A) The Companies Act is important too, but the Framework is the foundation.

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Alonso

24 days ago

The Framework? That's a no-brainer! It's the foundation of all accounting standards, like a superhero cape for the bean counters.

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Arlette

29 days ago

I think it's important to understand the Framework in order to apply accounting standards correctly.

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Lashawn

1 months ago

I agree with Elinore, the Framework is the foundation for accounting standards.

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Elinore

1 months ago

B) The Framework

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