CIMA Certificate BA2 Updated Exam

Fundamentals of Management Accounting Questions and Answers

Question 5

The possible returns and associated probabilities of two independent projects are as follows:

It has been decided that both projects are to be launched.

Which TWO of the following statements are correct? (Choose two.)

Options:

The expected value of the total return is $41,500 gain.

The probability of the total return being a loss is 0.10.

The probability of making a total return of exactly $5,000 gain is 0.02.

The probability of the total return being a gain is less than 1.00.

The expected value of the total return is $40,000 gain.

Question 6

Which of the following would NOT be an appropriate performance measure for a profit centre manager?

Options:

Return on capital employed

Contribution per unit

Sales price variance

Gross margin

Question 7

The International Federation of Accountants (IFAC) stated that it was important that “accountants in business” should understand what the drivers of stakeholder value are. Which of the following statements is valid?

Options:

Anyone with an interest in an organisation can be considered to be one of its stakeholders.

Stakeholders must be external to the organisation.

Only an organisation’s shareholders and employees can be considered to be its stakeholders.

Only an organisation’s shareholders can be considered to be its stakeholders.

Question 8

Which TWO of the following are characteristics of Management Accounts? (Choose two.)

Options:

Governed by rules and regulations

Provide information to managers

Provide information needed by shareholders

Internally focused

Statutory requirement

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Fundamentals of Management Accounting Questions and Answers

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