CIMAPRA19-F02-1 Exam - Topic 1 Question 33 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 33
Topic #: 1

Mr D, a CIMA qualified accountant, is working on the preparation of a long term profit forecast required by the local stock marketprior to a new share issue of equity shares. At the most recent board meeting the directors requested that the forecast be inflated. In Mr D's view this wouldgrossly overestimate the forecast profit. Theboard intends to publish the revised inflated forecast.

Which THREE of the following are the ethical options available to Mr D in this situation?

AConsider resignation of his post as accountant.

BAdjust the figures in line with the board's request as this is a forecast and not the financial statements.

CDiscuss the situation with his line manager.

DConsider reporting the situation to the appropriate authorities.

EDelegate the work to a subordinate.

FSubmit the original forecast without the board's approval.

Show Suggested Answer

Suggested Answer: A, C, D

by Allene at May 06, 2022, 07:26 AM

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Jamal

4 months ago

Reporting to authorities might be extreme, but it’s an option.

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Belen

4 months ago

Wait, can he really just submit the original forecast? That sounds bold!

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Paris

4 months ago

Discussing with the line manager is a smart move. Better to communicate!

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Myra

4 months ago

Adjusting the figures seems risky, even if it's just a forecast.

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Zona

5 months ago

Mr D should definitely consider resignation. Integrity matters!

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Chi

5 months ago

NFC is definitely the way to go here. It's the industry standard for secure, short-range wireless communication between mobile devices and payment terminals.

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Magdalene

5 months ago

This question seems pretty straightforward. I think the answer is C - IM enables instant, real-time communication among multiple users.

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Jerrod

5 months ago

Okay, let me see... I think it has something to do with the CC Subscriber Pages object, but I'm not 100% sure. I'll need to review my notes on that.

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Iluminada

5 months ago

Hmm, I'm a little unsure about this one. The details about Panacea being owned by a hospital and the physicians previously being independent practitioners are throwing me off. I'll have to weigh the options closely.

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Hermila

5 months ago

I'm not so sure. I remember studying that the reason for changes plays a critical role too. Is identifying stakeholders the very first thing?

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Isreal

5 months ago

Hmm, I'm not sure about this one. I know the Azure portal can be accessed from a mobile device, but I'm not certain about the Azure CLI. I'll have to think this through carefully.

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