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CIMAPRA17-BA3-1 Exam - Topic 1 Question 68 Discussion

Which THREE of the following are characteristics of management accounting?
A) Focuses on departmental information
B) Monitors actual results to expected results
C) Meets external reporting requirements
D) Reports historic transactions
E) Used by tax authorities
F) Is forward looking

CIMAPRA17-BA3-1 Exam - Topic 1 Question 68 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 68
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

Which THREE of the following are characteristics of management accounting?

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Suggested Answer: A

by Justine at Mar 31, 2023, 10:01 AM

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Shawnda
10 months ago
Isn't management accounting supposed to be more future-focused?
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Raina
10 months ago
Totally agree with A and B, but E seems off.
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Franklyn
10 months ago
Surprised that people think D is a characteristic of management accounting!
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Reiko
11 months ago
I think C is more about financial accounting, not management.
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Rodolfo
11 months ago
Definitely A, B, and F!
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Lavonda
11 months ago
I’m a bit confused, but I think D could be a characteristic since management accounting often looks at past data for analysis.
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Alysa
11 months ago
I practiced a question similar to this, and I feel like C and E are more about financial accounting, not management accounting.
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Raul
11 months ago
I’m not entirely sure, but I think B is definitely a characteristic since it involves comparing actual results to what was expected.
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Sabine
11 months ago
I remember that management accounting is more focused on internal processes, so I think A and F might be correct.
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Yuriko
11 months ago
Okay, I think the key here is that the designer found no clear, consistent sales process. In that case, I'd recommend conducting that workshop with stakeholders to align on the correct process and build consensus. That seems like the best way to move forward.
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Vashti
11 months ago
Wait, is it really that simple? I feel like there might be some trick to this question. Maybe Cisco centralized key management is involved somehow? I'll have to review my notes on Cisco WLAN features.
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Dianne
11 months ago
Hmm, I'm not sure about this one. I'll need to review the Broker VM functionality more closely to determine the best approach.
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Altha
11 months ago
I think it's under Status > Registrations, but I'm not entirely sure if it's By Device or something else.
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Derrick
1 year ago
Haha, E is a good one! Tax authorities would love to get their hands on all that juicy management accounting data. But no, not the right answer.
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Daryl
1 year ago
I think C is a trick answer. Management accounting is for internal use, not external reporting. B, D, and F are the way to go.
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Marjory
1 year ago
Management accounting is all about monitoring results and looking forward.
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Maile
1 year ago
I think B, D, and F are the correct characteristics.
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Berry
1 year ago
I agree, C is definitely a trick answer.
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Carylon
1 year ago
I'm not sure about C and D. I think management accounting is more about internal decision-making rather than meeting external reporting requirements or reporting historic transactions.
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Jacinta
1 year ago
Definitely B and F, but I'm torn between A and D for the third option. Hmm, tough call.
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Tiffiny
1 year ago
So, the three characteristics of management accounting are A, B, and F.
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Nicolette
1 year ago
I believe D is also a characteristic, as management accounting reports historic transactions.
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Jesusita
1 year ago
I agree, A focuses on departmental information.
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Clement
1 year ago
I agree, A sounds like a characteristic of management accounting.
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Percy
1 year ago
I think A is more relevant because it focuses on departmental information.
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Rocco
1 year ago
I think A is a characteristic of management accounting.
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Carline
1 year ago
B, D, and F seem like the obvious choices here. Management accounting is all about monitoring performance and looking ahead.
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Ricki
1 year ago
I agree with Dalene. Management accounting focuses on departmental information, monitors actual results, and is forward looking.
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Dalene
1 year ago
I think A, B, and F are characteristics of management accounting.
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