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

SectionObjectives
Decision Making Techniques- Short-term decision making
  • 1. Limiting factor analysis
    • 2. Make or buy decisions
      - Cost analysis for decisions
      • 1. Relevant costing principles
        • 2. Incremental cost analysis
          Costing Methods- Absorption costing
          • 1. Over/under absorption of overheads
            • 2. Inventory valuation
              - Marginal costing
              • 1. Cost-volume-profit (CVP) relationships
                • 2. Contribution and break-even analysis
                  Accounting for Materials, Labour and Overheads- Material control
                  • 1. Inventory valuation methods
                    • 2. Stock control systems
                      - Labour costing
                      • 1. Time-based remuneration
                        • 2. Labour efficiency and productivity
                          Introduction to Cost Accounting- Cost classification and behavior
                          • 1. Direct and indirect costs
                            • 2. Fixed, variable and semi-variable costs
                              - Cost units and cost centers
                              • 1. Absorption of overheads
                                • 2. Overhead allocation basics
                                  Budgeting and Forecasting- Budget preparation
                                  • 1. Functional budgets
                                    • 2. Master budgets
                                      - Budgetary control
                                      • 1. Variance analysis basics
                                        • 2. Performance monitoring

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

                                          Question #1

                                          Data for the latest period for a company which makes and sells a single product are as follows:

                                          There were no budgeted or actual changes in inventories during the period.
                                          The sales volume contribution variance for the period was:

                                          • A. $9,267 adverse.
                                          • B. $16,000 adverse.
                                          • C. $5,666 adverse.
                                          • D. $6,220 adverse.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

                                          Question #2

                                          According to CIMA's Code of Ethics, CIMA members should not allow bias, conflict of interest of the influence of other people to override their professional judgement.
                                          This is an example of:

                                          • A. objectivity.
                                          • B. professional competence and due care.
                                          • C. integrity.
                                          • D. professional behaviour.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A  🗳️

                                          Explanation: Only visible for Exams-boost members. You can sign-up / login (it's free).

                                          Question #3

                                          Which THREE of the following are parts of the master budget? (Choose three.)

                                          • A. Budgeted statement of financial position.
                                          • B. Administration overhead budget.
                                          • C. Sales budget.
                                          • D. Budgeted statement of profit or loss.
                                          • E. Cash flow budget.
                                          • F. Finished goods inventory budget.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A,D,E  🗳️

                                          Explanation: Only visible for Exams-boost members. You can sign-up / login (it's free).

                                          Question #4

                                          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. 1,700 units
                                          • B. 3,300 units
                                          • C. 8,900 units
                                          • D. 3,900 units
                                          Reveal Solution  Discussion  0

                                          Correct Answer: B  🗳️

                                          Question #5

                                          A small airport's management accountant has prepared the following management report on the performance of its four retail outlets.

                                          Which retail outlet has the highest contribution per square metre?

                                          • A. Outlet B
                                          • B. Outlet C
                                          • C. Outlet A
                                          • D. Outlet D
                                          Reveal Solution  Discussion  0

                                          Correct Answer: B  🗳️

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