CIMA Exam CIMAPRA17-BA3-1 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?

AFocuses on departmental information

BMonitors actual results to expected results

CMeets external reporting requirements

DReports historic transactions

EUsed by tax authorities

FIs forward looking

Show Suggested Answer

Suggested Answer: A

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

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Derrick

2 days 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

5 days 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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Carylon

24 days 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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1 months ago

I think A, B, and F are characteristics of management accounting.

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