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CIMA CIMAPRO17-BA2-X1-ENG Exam Syllabus Topics:

CIMA BA2 – Fundamentals of Management Accounting Question Tutorial Sample Questions:

1. Which of the following statements relating to risk and uncertainty is correct?

A) Risk exists when we do not know all of the possible outcomes.
B) Uncertainty exists when we know all of the possible outcomes and their probabilities.
C) Uncertainty exists when we know all of the possible outcomes but not their probabilities.
D) Risk exists when we know all of the possible outcomes but not their probabilities.

2. Which of the following is NOT a characteristic of useful operational level information?

A) Focused on the decision to be made.
B) Governed by financial reporting standards.
C) Available immediately.
D) Sufficiently accurate.

3. The following data are available for a company that produces and sells a single product.
The company's opening finished goods inventory was 2,500 units.
The fixed overhead absorption rate is $8.00 per unit.
The profit calculated using marginal costing is $16,000.
The profit calculated using absorption costing and valuing its inventory at standard cost is $22,400.
The company's closing finished goods inventory is:

A) 8,900 units
B) 1,700 units
C) 3,900 units
D) 3,300 units

4. FILL BLANK
A company uses full cost pricing. The unit costs for product Z are given below.

What price per unit should be charged in order to achieve a profit margin of 20%?
Give your answer to the nearest cent.

5. Which THREE of the following are included in the Global Management Accounting Principles? (Choose three.)

A) Accountability
B) Professional behaviour
C) Integrity
D) Influence
E) Relevance
F) Value

Solutions: