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CIMAPRA17-BA2-1 Exam Questions
- Topic 1: Macroeconomic and institutional context of business: Business accountants preparing for the CIMAPRA17-BA2-1 exam must understand the broader context in which businesses operate. This topic will provide an overview of the economic and institutional environment, including the role of management accountants and professional bodies like CIMA.
- Topic 2: Costing: Identifying and classifying costs is a fundamental skill for business accountants. Absorption and marginal costing methods are covered in this topic. Understanding these concepts will enable accountants to allocate costs effectively, evaluate business efficiency, and provide accurate financial insights to drive strategic choices.
- Topic 3: Planning and control: Budgeting, variance analysis, performance measurement, and management reporting are crucial for business planning and control. This CIMAPRA17-BA2-1 exam topic will empower accountants with the tools to set financial goals, track performance, and identify areas for improvement. By mastering these techniques, accountants can effectively monitor the financial health of a business and facilitate data-driven decision-making.
- Topic 4: Decision making: Risk assessment and short-term and long-term decision-making techniques are vital for business accountants. This topic will explore the impact of risk and provide a range of analytical tools to support strategic choices. By understanding these concepts, accountants can actively contribute to the business success by identifying opportunities, mitigating risks, and making well-informed decisions.
Free CIMA CIMAPRA17-BA2-1 Exam Actual Questions
Note: Premium Questions for CIMAPRA17-BA2-1 were last updated On Apr. 13, 2025 (see below)
Which ONE of the following is a characteristic of operational financial information?
Which TWO of the following are characteristics of Management Accounts? (Choose two.)
Data for the latest period for a company which makes and sells a single product are as follows:
There were no budgeted or actual changes in inventories during the period.
The sales volume contribution variance for the period was:
An organisation produces and sells a single product. The organisation's management accountant has reported the following information for the most recent period.
Which TWO of the following statements are valid? (Choose two.)
Johnson & Smith is a huge corporation with many different departments covering hundreds of activities. They had switched to this new budgeting technique as it seemed as though it would help them allocate their limited funds better.
It was successful to some extent as each manager was required to look at every cost his department accrued. They would then be responsible for coming up with new ways of performing these activities.
It became obvious that certain managers were unable to handle these paperwork intensive demands and so the company will be reverting back to a system that focuses primarily on cost drivers next year.
What budgeting technique will they be using next year?
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