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CIMA CIMAPRO17-BA2-X1-ENG Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Costing | 25% | - Absorption and Marginal Costing
|
| Decision Making | 35% | - Investment and Strategic Decisions
|
| The Context of Management Accounting | 10% | - Purpose of Management Accounting
|
| Planning and Control | 30% | - Budgeting
|
CIMA BA2 – Fundamentals of Management Accounting Question Tutorial Sample Questions:
1. Which TWO of the following are characteristics of Management Accounts? (Choose two.)
A) Provide information needed by shareholders
B) Governed by rules and regulations
C) Provide information to managers
D) Statutory requirement
E) Internally focused
2. A management accountant has forecast the following cash inflows from four potential projects.
All four projects require the same initial investment and will last for four years. They all result in a positive net present value but only one of the projects can be undertaken.
Which project should be selected?
A) Project B
B) Project D
C) Project A
D) Project C
3. A project is about to be launched. Two of the three possible outcomes and their associated probabilities are as follows:
The remaining possible outcome is a $70,000 gain.
What is the correct calculation of the expected value of the project?
A) ($30,000 + $70,000 - $25,000) x (0.7 + (1.0 - (0.2 + 0.7)) + 0.2)
B) ($30,000 x 0.7) + ($70,000 x (1.0 - (0.2 + 0.7))) + ($25,000 x 0.2)
C) ($30,000 x 0.7) + ($70,000 x (1.0 - (0.2 + 0.7))) - ($25,000 x 0.2)
D) ($30,000 + $70,000 - $25,000) / 3
4. A company produces a single product for which the following cost data are available.
Analysis by the management accountant has shown that 100% of direct material cost and 50% of direct labour cost are variable costs. 50% of production overhead and 100% of selling and distribution overhead are variable costs.
What is the marginal cost per unit?
A) $9
B) $6
C) $7
D) $8
5. Which THREE of the following are parts of the master budget? (Choose three.)
A) Budgeted statement of profit or loss.
B) Finished goods inventory budget.
C) Cash flow budget.
D) Budgeted statement of financial position.
E) Administration overhead budget.
F) Sales budget.
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A,C,D |
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