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CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 96 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 96
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

The IASB framework defines six characteristics of useful financial information.

Which one of the following is not one of these characteristics?

Show Suggested Answer Hide Answer
Suggested Answer: A, C, F

by Sena at Sep 09, 2024, 02:27 AM

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Annita
3 months ago
The IASB must have been really picky when they came up with these characteristics. I bet they were like, 'Relevance? Check. Timeliness? Check. Prudence? Check. Completeness? Nah, too much work.'
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Cordelia
3 months ago
Definitely B. 'Complete' is not one of the characteristics, I'm sure of it. Now, if only I could remember what the other five are...
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Gabriele
1 months ago
I believe the other five characteristics are Relevance, Timely, Prudent, Understandable, and Verifiable.
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Lemuel
1 months ago
Yes, 'Complete' is not one of the characteristics defined by the IASB framework.
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Lindsay
2 months ago
I think you're right, 'Complete' is not one of the characteristics.
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Marguerita
2 months ago
D) Prudent
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Daniela
2 months ago
C) Timely
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Audra
2 months ago
B) Complete
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Iluminada
2 months ago
A) Relevance
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Sharee
3 months ago
I'm leaning towards C. 'Timely' just sounds like it should be one of the characteristics. Although, if I'm being honest, I'm still a little fuzzy on the whole IASB framework.
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Kattie
2 months ago
C) Timely
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Junita
2 months ago
B) Complete
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Giovanna
2 months ago
A) Relevance
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Patti
4 months ago
Hmm, I remember 'Prudent' being one of the characteristics, so I'll have to go with D. It's a shame they don't let us use calculators on these exams, am I right?
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Millie
4 months ago
Yeah, it's too bad we can't use calculators, it would make things a lot easier.
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Annita
4 months ago
I think you're right, 'Prudent' is one of the characteristics.
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Carline
4 months ago
I'm not sure, but I think D) Prudent is the correct answer because it's not mentioned in the IASB framework.
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Shawna
4 months ago
I agree with Gussie, D) Prudent doesn't seem to be one of the characteristics.
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Santos
4 months ago
I'm pretty sure 'Complete' is one of the characteristics, so I'll go with B. What do you think?
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Carman
3 months ago
I think we should go with B, 'Complete' is definitely one of the characteristics.
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Emerson
3 months ago
I'm not sure about 'Prudent', but I know 'Complete' is one of the characteristics. Let's choose D.
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Galen
4 months ago
I agree, 'Complete' is definitely one of the characteristics. B sounds like the right choice.
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Tamra
4 months ago
I think 'Complete' is one of the characteristics too. Let's go with B.
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Gussie
4 months ago
I think the answer is D) Prudent.
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