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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?

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Suggested Answer: A

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

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Lizbeth
10 days ago
The International Financial Reporting Interpretation Committee? Sounds like a committee that needs to interpret its own name first.
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Reuben
16 days ago
The European Union? Really? I thought they were more focused on banning weird-shaped bananas than accounting standards. B) The Framework, definitely.
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Chery
21 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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Shaunna
3 days ago
Definitely, without the Framework, accounting standards would be all over the place.
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Yolande
8 days ago
I agree, it sets the foundation for all accounting standards.
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Leandro
15 days ago
Yeah, you're right! The Framework is like the bible for accountants.
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Dallas
1 months 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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Von
14 days ago
D) The International Financial Reporting Interpretation Committee plays a role, but the Framework is the basis for all standards.
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Jackie
23 days ago
A) The Companies Act is important too, but the Framework is the foundation.
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Alonso
1 months 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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Lorita
4 days ago
Definitely! It sets the stage for all future standards to follow.
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Lavonne
8 days ago
Yes, you're right! The Framework is like the backbone of accounting standards.
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Arlette
2 months ago
I think it's important to understand the Framework in order to apply accounting standards correctly.
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Lashawn
2 months ago
I agree with Elinore, the Framework is the foundation for accounting standards.
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Elinore
2 months ago
B) The Framework
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