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CIMAPRA17-BA3-1 Exam - Topic 1 Question 79 Discussion

A business has come to you for advice. There are about to start trading and want to ensure that they keep appropriate accounting records that will grow with their business, save time and produce useful information. They have already established books of prime entry.Which of the following would you also suggest they use?
B) Same staff for all books of prime entry
A) Accounting codes
C) Letterhead stationary
D) Cash transactions only

CIMAPRA17-BA3-1 Exam - Topic 1 Question 79 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 79
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

A business has come to you for advice. There are about to start trading and want to ensure that they keep appropriate accounting records that will grow with their business, save time and produce useful information. They have already established books of prime entry.

Which of the following would you also suggest they use?

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Suggested Answer: B

by Danica at Dec 24, 2023, 10:03 PM

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Chandra
8 months ago
Agreed, accounting codes are essential for growth!
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Portia
8 months ago
Cash transactions only? That sounds limiting, right?
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Dorothy
8 months ago
Letterhead stationary? Seems unnecessary for accounting.
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Nidia
8 months ago
I think using the same staff for all books is a bad idea.
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Cassi
9 months ago
Definitely need accounting codes for better tracking!
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Ty
9 months ago
Cash transactions only? That seems too limiting for a growing business. They need to track more than just cash, I think.
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Mariko
9 months ago
I feel like letterhead stationary isn't really relevant to accounting records. It seems more like a branding thing.
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Raina
9 months ago
I'm not entirely sure, but I think having the same staff for all books of prime entry could lead to consistency in recording.
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Salena
9 months ago
I remember we discussed the importance of accounting codes in class. They help categorize transactions, right?
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Salome
9 months ago
This seems like a straightforward question, but I want to make sure I understand it fully before answering. I'm going to re-read the question and think about the specific needs of a new business starting out. That should help me identify the best recommendation from the options provided.
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Rosendo
9 months ago
Okay, I've got a strategy for this. I'll start by considering the business's goals of keeping appropriate records, saving time, and producing useful information. From that, I think accounting codes would be the most helpful option to suggest, as they can provide a structured way to organize and analyze the financial data.
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Brock
9 months ago
Hmm, I'm a bit unsure about this one. There are a few options presented, but I'm not entirely sure which one would be the best recommendation for a new business. I'll need to think through the pros and cons of each choice carefully.
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Margot
9 months ago
This question seems straightforward - it's asking about the appropriate accounting records and systems a new business should use. I think the key is to focus on the requirements they've already established, like the books of prime entry, and then consider what additional tools would be most helpful for their needs.
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Catarina
10 months ago
True, that's my final answer. The question is clear that the results can't be written back to Kafka, so the only option is to store them in HDFS.
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Celeste
10 months ago
This one seems pretty straightforward. PDF is the obvious choice since it's a universal file format that can be viewed on any device or operating system.
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Devorah
10 months ago
Hmm, I'm not too familiar with Workspace Environment Management. I'll need to think through the different features and how they could impact the user experience.
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Gracia
1 year ago
I hear the cash-only option (D) is great for businesses that want to keep their books as mysterious as a magician's hat.
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Malika
1 year ago
C: Letterhead stationary can give a professional look to the business's documents.
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Adell
1 year ago
B: Using the same staff for all books of prime entry can help maintain consistency and accuracy.
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Mitsue
1 year ago
A: I would suggest using accounting codes to help organize and track transactions.
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Emiko
1 year ago
Accounting codes all the way, baby! With option A, they can keep their books looking as sharp as their new letterhead stationery (option C).
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Nidia
1 year ago
B) Same staff for all books of prime entry
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Leota
1 year ago
C) Letterhead stationary
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Rosalind
1 year ago
A) Accounting codes
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Cheryl
1 year ago
I think letterhead stationary would also be a good suggestion to maintain a professional image.
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Ammie
1 year ago
I agree with Noel. Accounting codes will help them track their transactions easily.
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Noel
1 year ago
I think they should use accounting codes to organize their records efficiently.
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Cecil
1 year ago
I think they should also use letterhead stationary to maintain a professional image.
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An
1 year ago
I agree with Leonard. Accounting codes will help them track transactions more efficiently.
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Ulysses
1 year ago
Cash transactions only? Really? Option D is just ridiculous. They're trying to build a successful business, not run a lemonade stand!
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Deangelo
1 year ago
B: Definitely! They should consider using accounting codes to keep track of their transactions more efficiently.
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Levi
1 year ago
A: I agree, cash transactions only is not a good idea for a growing business.
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Andree
1 year ago
B: They should definitely consider using accounting codes to organize their records efficiently.
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Shenika
1 year ago
A: I agree, cash transactions only would limit their growth potential.
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Rosendo
1 year ago
I'd have to say option B - Same staff for all books of prime entry. That way they can ensure consistency and accuracy across their records. Plus, it's a good way to save time and reduce errors.
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Chauncey
1 year ago
D) Cash transactions only
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Malcom
1 year ago
C) Letterhead stationary
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Frederica
1 year ago
B) Same staff for all books of prime entry
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Muriel
1 year ago
A) Accounting codes
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Precious
1 year ago
Definitely go with option A - Accounting codes. That's the best way to keep their records organized and grow with their business. The other options just don't make sense for what they're trying to achieve.
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Leonard
1 year ago
I think they should use accounting codes to organize their records.
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