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CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 75 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 75
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

An accountant acting under their Code of Ethics would do which THREE of the following?

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Suggested Answer: B

by Rolland at Oct 03, 2023, 03:32 AM

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Shelton
2 months ago
E and F are definitely no-nos. Making unsupported provisions and hiding remuneration? That's cooking the books, not accounting!
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Gilbert
6 days ago
C) Reject a justified change to a depreciation policy that increases profitability.
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Alecia
11 days ago
B) Report material conflicts of interest to a more senior level.
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Willard
19 days ago
C) Reject a justified change to a depreciation policy that increases profitability.
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Isadora
27 days ago
B) Report material conflicts of interest to a more senior level.
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Crissy
1 months ago
A) Resist pressure from the directors to recognise revenue on sales where the risks and rewards have not transferred to the customer.
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Portia
1 months ago
A) Resist pressure from the directors to recognise revenue on sales where the risks and rewards have not transferred to the customer.
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Lucina
2 months ago
Ha! Rejecting a justified depreciation change to increase profits? That's like a baker refusing to add sugar to a cake. C is just ridiculous.
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Leoma
17 days ago
User 3: It's important for accountants to follow their Code of Ethics and not give in to unethical practices.
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Barrie
1 months ago
User 2: Definitely, accountants should report conflicts of interest and resist pressure to recognize revenue falsely.
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Jamey
1 months ago
User 1: I agree, rejecting a depreciation change for profit is not ethical.
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Craig
2 months ago
I'm not sure about C. Wouldn't rejecting a justified change that increases profitability go against the Code of Ethics?
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Veta
2 months ago
This is a no-brainer. A, B, and D are the obvious choices - resist pressure, report conflicts, and improve segregation of duties. Anything else would be a breach of ethics.
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King
1 months ago
User 2: Absolutely, those are the key actions that an accountant should take to uphold their Code of Ethics.
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Johana
1 months ago
User 1: Definitely agree, A, B, and D are crucial for maintaining ethical standards.
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Frederica
2 months ago
I agree with Candida. Those options align with the Code of Ethics for accountants.
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Mozell
2 months ago
A, B, and D are the correct choices here. An accountant's ethical duty is to ensure accurate financial reporting, not cater to management's demands.
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Shelton
1 months ago
D) Accept a recommendation from the audit committee to increase segregation of duties within the finance department.
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Brynn
1 months ago
B) Report material conflicts of interest to a more senior level.
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Talia
1 months ago
A) Resist pressure from the directors to recognise revenue on sales where the risks and rewards have not transferred to the customer.
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Candida
3 months ago
I think the answer is A, B, and C.
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