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

Which TWO of the following are characteristics of financial accounts?
A) They ate produced from historic information and E) They meet legal requirements
B) They include forecasted information.
C) They are used for internal decision making
D) They are produced monthly or quarterly.

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?

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Suggested Answer: A, E

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

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Zana
8 months ago
Forecasted info? That's not typical for financial accounts.
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Merilyn
9 months ago
They meet legal requirements for sure!
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Sunshine
9 months ago
Wait, are they really produced monthly? Seems off.
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Herman
9 months ago
Totally agree, that's a key point!
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Julian
9 months ago
They are produced from historic information.
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Altha
9 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
10 months ago
Hmm, I'm not entirely sure about this one. I'll have to think it through carefully.
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