CIMA Exam CIMAPRA19-F01-1 Topic 3 Question 103 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 103
Topic #: 3

[All CIMAPRA19-F01-1 Questions]

Which of the following is NOT a primary need for regulating financial reporting information of incorporated entities?

ATo improve the reliability of information for users.

BTo make information more consistent.

CTo make information more comparable.

DTo ensure that information is consistent with its legal form.

Show Suggested Answer

Suggested Answer: D

by Kati at Nov 17, 2024, 08:08 AM

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Jules

6 days ago

Personally, I think option A is the correct answer. Improving the reliability of information is the bread and butter of financial reporting regulations.

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Hortencia

8 days ago

I'm not sure, but I think D is correct too.

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Cristal

11 days ago

I agree with Alease, D makes sense because it's about legal form.

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Dalene

12 days ago

Haha, option D is like saying 'We need to make sure the information is actually information.' That's a good one!

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Dustin

17 days ago

I'm going with B. Making information more consistent is key, but the other options seem more like the primary goals of financial reporting regulations.

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