CIMAPRA19-E01-1 Exam - Topic 5 Question 102 Discussion

Actual exam question for CIMA's CIMAPRA19-E01-1 exam

Question #: 102
Topic #: 5

With the use of increasingly sophisticated systems and improved communications, the focus of the accountant's role has changed in recent years to which of the following?

ABusiness support

BVariance reporting

CTreasury management

DStatutory reporting

Show Suggested Answer

Suggested Answer: A

by Carman at Oct 24, 2024, 04:44 PM

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Jimmie

9 months ago

Not sure if I buy that. Seems like a lot of traditional roles are still around.

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Serina

10 months ago

Treasury management is becoming a bigger focus too, though.

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Tijuana

10 months ago

Wait, are accountants really shifting away from statutory reporting?

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Rosalind

10 months ago

I disagree, variance reporting is still super important.

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Kerry

10 months ago

Definitely business support! It's all about adding value now.

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Vinnie

10 months ago

Statutory reporting seems like the traditional role, but I guess the question is asking about recent changes, right?

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Arlene

11 months ago

I feel like treasury management might be important too, but it seems less relevant compared to business support.

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Nettie

11 months ago

I'm not entirely sure, but I remember a practice question that emphasized variance reporting as a key focus area.

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Cruz

11 months ago

I think the accountant's role has shifted more towards business support, especially with all the tech advancements we've seen lately.

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Josephine

11 months ago

I feel pretty confident about this one. Based on what I've learned, the accountant's role has become more focused on providing business support and insights, so I'll go with option A.

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Wade

11 months ago

Okay, I've got this. The question is asking about how the accountant's role has changed, so I'll need to consider which option best reflects a shift towards more strategic and advisory work.

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Jaclyn

11 months ago

Hmm, I'm a bit unsure about this one. The options seem quite similar, so I'll need to really think through the differences between them to pick the best answer.

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Jacki

11 months ago

This seems like a straightforward question about the changing role of accountants. I'll focus on the key words like "business support" and "communications" to guide my answer.

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Dalene

1 year ago

I'm torn between A and C. As an accountant, I'd love to be more focused on strategic business support, but let's be real - treasury management is where the real action is at!

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Truman

1 year ago

Why not combine both? Being involved in treasury management while also providing business support could be a winning combination.

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Quentin

1 year ago

I think focusing on strategic business support can really add value to the organization.

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Kendra

1 year ago

I agree, business support is important but treasury management is where the money is!

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Wilbert

1 year ago

D - Statutory reporting is the way to go! Accountants still have a crucial role in ensuring the organization meets its legal and regulatory reporting requirements.

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Vallie

1 year ago

D) Statutory reporting

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Franchesca

1 year ago

C) Treasury management

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Elin

1 year ago

A) Business support

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Quentin

1 year ago

But I believe treasury management is also important for accountants.

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Marvel

1 year ago

I'm going with C - Treasury management. With the increase in sophisticated systems, accountants are now more involved in managing the company's financial resources and cash flow.

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Salome

1 year ago

I think Business support is also important as accountants now play a bigger role in decision-making.

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Ivan

1 year ago

I agree, Treasury management is becoming a key focus for accountants.

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Dawne

1 year ago

I agree with Dick, businesses need more support nowadays.

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Dick

1 year ago

I think the focus has shifted to business support.

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Lucina

1 year ago

Hmm, I'm not sure. B - Variance reporting seems like a logical choice, as accountants need to monitor and analyze financial variances.

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Ira

1 year ago

I think the answer is A - Business support. The role of the accountant has evolved to be more strategic and advisory, supporting the overall business objectives.

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Bette

1 year ago

Accountants now play a key role in helping businesses make informed financial decisions.

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Micaela

1 year ago

Yes, being able to provide valuable insights and analysis to support business objectives is crucial.

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Jin

1 year ago

I think it's important for accountants to be more involved in strategic decision-making.

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Ira

1 year ago

I agree, the accountant's role has definitely shifted towards providing more business support.

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