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CIMA CIMAPRO17-BA2-X1-ENG Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Planning and Control | 30% | - Variance analysis - Flexible budgets and standard costing - Reporting for control and performance measurement - Budgeting concepts and preparation |
| Decision Making | 35% | - Cost-volume-profit analysis - Capital investment appraisal - Risk and uncertainty in decision making - Relevant costing for short-term decisions - Pricing decisions |
| The Context of Management Accounting | 10% | - CIMA code of ethics - Comparison with financial accounting - Role of management accounting - Business environment and organizational structure |
| Costing | 25% | - Materials, labour and overhead costing - Activity-based costing - Process costing and joint products - Absorption and marginal costing - Cost classification and behaviour |
CIMA BA2 – Fundamentals of Management Accounting Question Tutorial Sample Questions:
Question 1
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?
A. Only an organisation's shareholders can be considered to be its stakeholders.
B. Anyone with an interest in an organisation can be considered to be one of its stakeholders.
C. Only an organisation's shareholders and employees can be considered to be its stakeholders.
D. Stakeholders must be external to the organisation.
Question 2
A company that uses standard costing wishes to reconcile the difference between the profit for a period calculated using absorption costing with that calculated using marginal costing.
Which TWO of the following will NOT help with this reconciliation? (Choose two.)
A. The under or over absorbed fixed production overheads.
B. The actual fixed production overheads.
C. The fixed production overhead absorption rate.
D. The closing inventory.
E. The opening inventory.
Question 3
A new product requires an investment of $200,000 in machinery and working capital. The total sales volume over the product's life will be 5,000 units. The forecast costs per unit throughout the product's life are as follows:
The product is required to earn a return on investment of 35%.
What unit selling price needs to be achieved?
A. $47.00
B. $54.00
C. $50.77
D. $44.55
Question 4
FILL BLANK
A company wishes to compare the variability of its monthly sales revenue in country A with that of country B.
The two countries use different currencies.
The monthly sales revenue for the last 48 months in country A (which is measured in $) has been analysed as follows.
What is the coefficient of variation of this data?
Give your answer as a percentage to one decimal place.
Question 5
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 A
B. Project B
C. Project C
D. Project D
Solutions:
| Question 1 Answer: A | Question 2 Answer: B,C | Question 3 Answer: D | Question 4 Answer: Only visible for members | Question 5 Answer: A |






