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CIMAPRA17-BA2-1 Exam - Topic 3 Question 92 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam

Question #: 92
Topic #: 3

[All CIMAPRA17-BA2-1 Questions]

Which TWO of the following are characteristics of Management Accounts? (Choose two.)

AGoverned by rules and regulations

BProvide information to managers

CProvide information needed by shareholders

DInternally focused

EStatutory requirement

Show Suggested Answer

Suggested Answer: B, E

by Abel at Mar 19, 2025, 05:35 PM

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Troy

7 months ago

Not sure about D, seems too broad.

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Kirby

7 months ago

B and D are spot on!

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Corrinne

7 months ago

Definitely B and D!

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Brande

8 months ago

I agree with B, but D seems a bit off.

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Hyman

8 months ago

Wait, are management accounts really not governed by rules?

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Cyndy

8 months ago

I practiced a question similar to this, and I think D and B were the correct options.

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Jospeh

8 months ago

I'm not entirely sure, but I feel like A and E are more about financial statements rather than management accounts.

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Raylene

8 months ago

I remember that management accounts provide information to managers, so B seems like a solid choice.

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Otis

9 months ago

I think management accounts are mainly for internal use, so maybe D is one of the answers?

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German

9 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.

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Paul

9 months 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.

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Starr

9 months 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.

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Pamella

9 months 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.

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Ludivina

10 months ago

This question seems straightforward. I'll focus on the key characteristics of management accounts that differentiate them from financial accounts.

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Caprice

1 year 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.

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Teddy

1 year ago

Agreed, the other options are more related to financial accounting.

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Cristy

1 year ago

Exactly, those are the key characteristics of Management Accounts.

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Kanisha

1 year ago

D) Internally focused

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Iola

1 year ago

B) Provide information to managers

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Craig

1 year 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.

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Barb

1 year ago

D) Internally focused

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Val

1 year ago

B) Provide information to managers

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Brinda

1 year ago

I believe B and D are the characteristics of Management Accounts, as they provide information to managers and are internally focused.

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Chara

1 year 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!

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Lino

1 year ago

B and D. Management accounts are all about providing information to the people who actually run the business, not the general public.

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Heidy

1 year ago

D) Internally focused

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Justa

1 year ago

B) Provide information to managers

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Gearldine

1 year ago

A and D, definitely. Management accounts are all about helping managers make informed decisions, not satisfying external regulations or shareholders.

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Lajuana

1 year ago

D) Internally focused

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Lauryn

1 year ago

A) Governed by rules and regulations

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Hubert

1 year ago

I agree with Mila, Management Accounts are internally focused and governed by rules and regulations.

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Mila

1 year ago

I think A and D are characteristics of Management Accounts.

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