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CIMAPRA19-F02-1 Exam - Topic 5 Question 126 Discussion

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

Question #: 126
Topic #: 5

[All CIMAPRA19-F02-1 Questions]

Which TWO of the following are relevant ethical considerations when selecting an accounting policy?

AIt shows faithful representation of the financial statements.

BIt shows a favourable view of performance.

CIt is in accordance with International Financial Reporting Standards.

DIt is straightforward to implement.

EIt maximises shareholder wealth.

Show Suggested Answer

Suggested Answer: A, C

by Teri at May 16, 2026, 04:59 AM

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Shaquana

A and C are definitely the right choices.

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Tayna

5 days ago

I practiced a similar question, and I think A and C are the best choices because they focus on transparency and standards.

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Erin

10 days ago

I think B could be tempting for some companies, but it doesn't really align with ethical practices, right?

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Buddy

15 days ago

I'm not entirely sure, but I feel like C is also important since it relates to compliance with standards.

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Jamey

2 months ago

I remember we discussed how faithful representation is crucial for ethical accounting, so I think A is definitely one of the answers.

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