CIMAPRA19-F01-1 Exam - Topic 4 Question 28 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 28
Topic #: 4

When developing local Generally Accepted Accounting Principles (known as local GAAP) some countries start with International Financial Reporting Standards (IFRSs) which are then amended to reflect local needs and conditions.

This type of approach is classified as:

AAdoption of IFRSs as local GAAP.

BUsing IFRSs as a model for local GAAP.

CIFRSs having a persuasive influence in formulating local GAAP.

DIFRSs having little or no impact in formulating local GAAP.

Show Suggested Answer

Suggested Answer: B

by Lizette at May 09, 2022, 11:18 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA19-F01-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Margart

4 months ago

Not sure about C, seems like a stretch to me.

upvoted 0 times

...

Denise

4 months ago

I agree with B, it’s a smart way to adapt!

upvoted 0 times

...

Na

4 months ago

Wait, is it really that straightforward?

upvoted 0 times

...

Shala

4 months ago

I think it's more like A, straight adoption.

upvoted 0 times

...

Janet

5 months ago

Definitely B, using IFRSs as a model makes sense!

upvoted 0 times

...

Marguerita

5 months ago

Okay, let's see. The question mentions auto.offset.reset=latest, so that's a key clue.

upvoted 0 times

...

Leota

5 months ago

I'm a bit confused on the difference between a circuit-level gateway and a packet filtering firewall. I'll need to review those concepts before answering.

upvoted 0 times

...

Benton

5 months ago

This is a good test of my API design knowledge. I'll need to think through the implications of each versioning strategy and how they impact the customer experience.

upvoted 0 times

...

Mozell

5 months ago

I've done something like this before, so I'm feeling confident. I'll just follow the steps and I should be good to go.

upvoted 0 times

...