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CIMA Exam CIMAPRA17-BA3-1 Topic 4 Question 103 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 103
Topic #: 4
[All CIMAPRA17-BA3-1 Questions]

It underpins all accounting standards and provides the platform from which all future standards will be developed.

Which ONE of the following is described above?

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Suggested Answer: A

by Kasandra at Nov 19, 2024, 01:40 AM

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Lizbeth
3 months ago
The International Financial Reporting Interpretation Committee? Sounds like a committee that needs to interpret its own name first.
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Alex
1 months ago
User 4: No, it's actually the Framework that provides the platform for future standards.
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Marisha
2 months ago
User 3: The International Financial Reporting Interpretation Committee
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Avery
2 months ago
User 2: That's correct. It underpins all accounting standards.
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Tuyet
2 months ago
User 1: The Framework
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Reuben
3 months ago
The European Union? Really? I thought they were more focused on banning weird-shaped bananas than accounting standards. B) The Framework, definitely.
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Quiana
2 months ago
Definitely, the Framework is the basis for all future accounting standards.
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Mendy
2 months ago
Yeah, the Framework is the foundation for all accounting standards.
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Loreta
3 months ago
I agree, the European Union is not really known for accounting standards.
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Chery
3 months ago
Hmm, let me think. The Companies Act? Nah, that's just for corporate bureaucrats. The Framework it is, the Holy Grail of the accounting world!
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Shaunna
3 months ago
Definitely, without the Framework, accounting standards would be all over the place.
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Yolande
3 months ago
I agree, it sets the foundation for all accounting standards.
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Leandro
3 months ago
Yeah, you're right! The Framework is like the bible for accountants.
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Dallas
4 months ago
B) The Framework, of course. It's the accounting equivalent of the Rosetta Stone - the key to understanding all those cryptic financial reports.
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Tyra
2 months ago
B) Exactly, the Framework is like the Rosetta Stone for financial reporting.
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Carmelina
2 months ago
C) The European Union has influence, but the Framework is the key document for accounting standards.
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Von
3 months ago
D) The International Financial Reporting Interpretation Committee plays a role, but the Framework is the basis for all standards.
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Jackie
3 months ago
A) The Companies Act is important too, but the Framework is the foundation.
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Alonso
4 months ago
The Framework? That's a no-brainer! It's the foundation of all accounting standards, like a superhero cape for the bean counters.
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Lorita
3 months ago
Definitely! It sets the stage for all future standards to follow.
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Lavonne
3 months ago
Yes, you're right! The Framework is like the backbone of accounting standards.
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Arlette
4 months ago
I think it's important to understand the Framework in order to apply accounting standards correctly.
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Lashawn
4 months ago
I agree with Elinore, the Framework is the foundation for accounting standards.
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Elinore
4 months ago
B) The Framework
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