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

Which TWO of the following are relevant ethical considerations when selecting an accounting policy?
A) It shows faithful representation of the financial statements. and C) It is in accordance with International Financial Reporting Standards.
B) It shows a favourable view of performance.
D) It is straightforward to implement.
E) It maximises shareholder wealth.

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?

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Suggested Answer: A, C

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Caprice
10 hours ago
I agree, A shows true representation. C is essential for compliance.
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Dana
6 days ago
I think A and C are the best choices. They ensure transparency.
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Rikki
11 days ago
D seems too simplistic to be a real consideration.
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Dion
16 days ago
Wait, is maximizing shareholder wealth really ethical?
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Heidy
21 days ago
A and C are the ethical ones for sure!
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Crissy
26 days ago
I think B is important too, though.
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Audry
1 month ago
A and C are definitely the right choices!
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Barrie
1 month ago
E sounds nice, but isn’t it a bit selfish?
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Kristin
1 month ago
Wait, I didn’t know D was even a factor in ethics!
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Ashanti
2 months ago
No way, B is misleading. We need transparency!
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Berry
2 months ago
I think B should be considered too, it’s all about perception!
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Shaquana
2 months ago
A and C are definitely the right choices.
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Tayna
2 months 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
2 months 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
2 months 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
4 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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