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CIMAPRA19-E01-1 Exam - Topic 1 Question 27 Discussion

Which of the following is a reason why businesses need to prepare statutory reports?
A) To inform the investors how profitable the business is.
B) To help compare budget with actual performance.
C) To decide on their foreign exchange hedging policy.
D) To ensure they have enough inventory on hand for production.

CIMAPRA19-E01-1 Exam - Topic 1 Question 27 Discussion

Actual exam question for CIMA's CIMAPRA19-E01-1 exam
Question #: 27
Topic #: 1
[All CIMAPRA19-E01-1 Questions]

Which of the following is a reason why businesses need to prepare statutory reports?

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Suggested Answer: A

by Andra at May 06, 2022, 10:55 AM

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Raina
10 months ago
Wait, D? I didn't think inventory was related to statutory reports!
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Mohammad
10 months ago
Totally agree with A and B! They go hand in hand.
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Marica
11 months ago
C seems a bit off, not sure if that's a main reason.
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Kent
11 months ago
B makes sense too, comparing budget vs actual is crucial.
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Rebbeca
11 months ago
A is definitely a big reason! Investors need to know.
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Wynell
11 months ago
I feel pretty confident about this one. The best practice is to allow the authors of the articles to set the Valid To date for each individual article, so I'm going with option A.
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Amie
11 months ago
Hmm, I'm not totally sure about this one. I'll have to think it through carefully. Could it be Acceptance Test Case? That seems related to requirements, but I'm not confident.
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Daniela
11 months ago
Okay, let me see. Communicative planning focuses on dialogue and collaboration, while transactive planning emphasizes mutual learning between planners and the public. Advocacy planning gives voice to underrepresented groups, and rational planning is more data-driven. I'll have to weigh the options and see which one seems most applicable here.
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