MENU
Which TWO of the following are characteristics of Management Accounts? (Choose two.)
Suggested Answer: B, E
Get Premium CIMAPRA17-BA2-1 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
32 comments · newest first
TR
Troy
10 months ago
Not sure about D, seems too broad.
KI
Kirby
10 months ago
B and D are spot on!
CO
Corrinne
10 months ago
Definitely B and D!
BR
Brande
11 months ago
I agree with B, but D seems a bit off.
HY
Hyman
11 months ago
Wait, are management accounts really not governed by rules?
CY
Cyndy
11 months ago
I practiced a question similar to this, and I think D and B were the correct options.
JO
Jospeh
11 months ago
I'm not entirely sure, but I feel like A and E are more about financial statements rather than management accounts.
RA
Raylene
12 months ago
I remember that management accounts provide information to managers, so B seems like a solid choice.
OT
Otis
12 months ago
I think management accounts are mainly for internal use, so maybe D is one of the answers?
GE
German
12 months ago
I'm a bit confused on the differences between management and financial accounts. I'll have to think carefully about which characteristics apply to management accounts specifically.
PA
Paul
1 year ago
I've got this! Management accounts are not governed by rules and regulations like financial accounts are. And they're definitely focused on providing info to managers, not shareholders.
ST
Starr
1 year ago
Okay, let me think this through. Management accounts are internally focused and provide information to managers, not shareholders. I'll make sure to select those options.
PA
Pamella
1 year ago
Hmm, I'm a bit unsure about this one. I know management accounts are for internal use, but I'm not sure about the other differences compared to financial accounts.
LU
Ludivina
1 year ago
This question seems straightforward. I'll focus on the key characteristics of management accounts that differentiate them from financial accounts.
CA
Caprice
2 years ago
This question is like asking 'Which two of these are actually important?' B and D, of course. The rest are just fluff that belongs in financial accounting, not management accounting.
TE
Teddy
1 year ago
Agreed, the other options are more related to financial accounting.
CR
Cristy
1 year ago
Exactly, those are the key characteristics of Management Accounts.
KA
Kanisha
1 year ago
D) Internally focused
IO
Iola
1 year ago
B) Provide information to managers
CR
Craig
2 years ago
B and D. It's like they're asking, 'Which two of these things are actually useful?' Duh, the ones that help managers do their jobs.
BA
Barb
1 year ago
D) Internally focused
VA
Val
1 year ago
B) Provide information to managers
BR
Brinda
2 years ago
I believe B and D are the characteristics of Management Accounts, as they provide information to managers and are internally focused.
CH
Chara
2 years ago
A and E. Wait, what? Statutory requirement? Since when do management accounts have to follow any rules? I thought they were the Wild West of accounting!
LI
Lino
2 years ago
B and D. Management accounts are all about providing information to the people who actually run the business, not the general public.
HE
Heidy
1 year ago
D) Internally focused
JU
Justa
2 years ago
B) Provide information to managers
GE
Gearldine
2 years ago
A and D, definitely. Management accounts are all about helping managers make informed decisions, not satisfying external regulations or shareholders.
LA
Lajuana
1 year ago
D) Internally focused
LA
Lauryn
2 years ago
A) Governed by rules and regulations
HU
Hubert
2 years ago
I agree with Mila, Management Accounts are internally focused and governed by rules and regulations.
MI
Mila
2 years ago
I think A and D are characteristics of Management Accounts.