CIMAPRA17-BA3-1 Exam - Topic 1 Question 13 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 13
Topic #: 1

[All CIMAPRA17-BA3-1 Questions]

Which TWO of the following are characteristics of financial accounts?

AThey ate produced from historic information

BThey include forecasted information.

CThey are used for internal decision making

DThey are produced monthly or quarterly.

EThey meet legal requirements

Show Suggested Answer

Suggested Answer: A, E

by Annmarie at May 03, 2022, 10:18 AM

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Zana

4 months ago

Forecasted info? That's not typical for financial accounts.

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Merilyn

4 months ago

They meet legal requirements for sure!

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Sunshine

4 months ago

Wait, are they really produced monthly? Seems off.

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Herman

4 months ago

Totally agree, that's a key point!

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Julian

5 months ago

They are produced from historic information.

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Altha

5 months ago

Hmm, this one seems a bit tricky. I'll need to think through the different configuration options carefully.

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Devon

5 months ago

Hmm, I'm not entirely sure about this one. I'll have to think it through carefully.

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