CIMA CIMAPRO17-BA2-X1-ENG Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| The Context of Management Accounting | 10% | - Role of CIMA
|
| Planning and Control | 30% | - Performance Measurement and Control
|
| Costing | 25% | - Cost Identification and Classification
|
| Decision Making | 35% | - Investment and Strategic Decisions
|
CIMA BA2 – Fundamentals of Management Accounting Question Tutorial Sample Questions:
Question #1
Which of the following is NOT a characteristic of useful operational level information?
A. Focused on the decision to be made.
B. Available immediately.
C. Sufficiently accurate.
D. Governed by financial reporting standards.
Question #2
Which of the following statements about batch costing is true?
A. The cost of a unit is found by dividing the cost of a batch by the number of units in the batch.
B. Batch costing must use marginal costing.
C. Batch costing must use absorption costing.
D. The cost of a batch is found by multiplying the cost of one unit by the number of units in the batch.
Question #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 + $70,000 - $25,000) / 3
C. ($30,000 x 0.7) + ($70,000 x (1.0 - (0.2 + 0.7))) - ($25,000 x 0.2)
D. ($30,000 x 0.7) + ($70,000 x (1.0 - (0.2 + 0.7))) + ($25,000 x 0.2)
Question #4
FILL BLANK
The following data are available for a delivery company. The table shows the number of tonnes delivered (x) and the associated distribution cist (y) in recent periods.
Further analysis of this data has determined the following:
∑xy = 36,427 ∑x2 = 1,144
Using least squares regression analysis, calculate the variable cost per tonne delivered. Give your answer to the nearest cent.
Question #5
A company is considering investing $57,000 in a machine that will last for five years, after which time it will have no value. The machine will generate additional revenue of $190,000 each year. Annual running costs, including depreciation of $11,400 will amount to $168,400.
Assuming that all cash flows occur evenly, the payback period of the investment in the machine is closest to:
A. 1 year 9 months
B. 2 years 8 months
C. 1 year 7 months
D. 2 years 6 months
Solutions:
| Question #1 Correct Answer: B | Question #2 Correct Answer: A | Question #3 Correct Answer: B | Question #4 Correct Answer: Only visible for members | Question #5 Correct Answer: C |
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