CIMA Exam CIMAPRA17-BA2-1 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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Caprice

4 months 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

3 months ago

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

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Cristy

3 months ago

Exactly, those are the key characteristics of Management Accounts.

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Kanisha

3 months ago

D) Internally focused

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Iola

3 months ago

B) Provide information to managers

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Craig

4 months 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

3 months ago

D) Internally focused

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Val

4 months ago

B) Provide information to managers

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Brinda

4 months 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

4 months 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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