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CIMA Exam CIMAPRA17-BA2-1 Topic 1 Question 65 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 65
Topic #: 1
[All CIMAPRA17-BA2-1 Questions]

Which THREE of the following are parts of the master budget? (Choose three.)

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Suggested Answer: B, C, F

https://www.acowtancy.com/textbook/acca-ma/d2-budget-preparation/master-budgets/notes

by Jeanice at Mar 08, 2024, 08:55 PM

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Glenn
5 months ago
That's a good point, Patria. Having an accurate finished goods inventory budget can definitely impact our overall budgeting process.
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Patria
5 months ago
I think the finished goods inventory budget should also be included in the master budget. It's important to know how much inventory we have on hand and how it affects our cash flow.
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Isabella
6 months ago
I agree with Glenn, those are definitely important parts. The sales budget helps us forecast revenue, cash flow budget shows us how much cash we'll have on hand, and administration overhead budget helps us plan our operating expenses.
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Glenn
6 months ago
I think the parts of the master budget are sales budget, cash flow budget, and administration overhead budget.
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Leontine
6 months ago
I think the Administration overhead budget is also a part of the master budget because it involves all the operational costs.
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Ashleigh
6 months ago
I believe the Budgeted statement of profit or loss should be included in the master budget as well.
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Domitila
6 months ago
I agree with Sales budget and Cash flow budget, but I'm not sure about the Finished goods inventory budget.
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Amber
6 months ago
I think the parts of the master budget include Sales budget, Cash flow budget, and Finished goods inventory budget.
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