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CIMA BA2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: The Context of Management Accounting | 10% | - Role and purpose of management accounting - Role of CIMA and professional ethics - Global Management Accounting Principles - Characteristics of useful financial information |
| Topic 2: Costing | 25% | - Cost classification and behaviour - Cost estimation techniques - Job, batch, process and service costing - Overhead allocation, apportionment and absorption - Marginal and absorption costing |
| Topic 3: Planning and Control | 30% | - Performance measurement and reporting - Standard costing and variance analysis - Budgeting methods and techniques - Budgeting concepts and preparation |
| Topic 4: Decision Making | 35% | - Risk and uncertainty analysis - Cost-volume-profit analysis - Pricing decisions - Investment appraisal techniques - Relevant costing for short-term decisions |
CIMA Fundamentals of management accounting Sample Questions:
1. A budget that is continuously updated by adding a further accounting period when the earliest period has expired is known as:
A) A zero base budget
B) An incremental budget
C) A rolling budget
D) A participative budget
2. The net present value (NPV) of an investment is as follows.
NPV at 14% = $6,320
NPV at 18% = ($4,600) negative
The internal rate of return (IRR) of the investment is closest to
A) 14.6%
B) 16.0%
C) 16.3%
D) 20.3%
3. Refer to the exhibit.
Xey Ltd. has the following budgeted information for product T4 in July:
The actual results for July were as follows:
What is the total sales margin variance?
A) £35,000 favourable
B) £36,000 favourable
C) £35,000 favourable
D) £36,000 adverse
4. Refer to the Exhibit.
The following budgetary information is available for a department in a manufacturing company:
The production overhead absorption rate percentage, when the percentage on prime cost is used, is:
5. Assume that a unit of output is the cost object. Which of the following statements is valid?
A) Royalties paid on per unit basis are an example of an indirect expense.
B) Materials consumed in the maintenance of machinery used to manufacture several different products are an example of a direct material cost.
C) The salaries of supervisors who oversee the manufacture of several different products are an example of a direct labour cost.
D) Rent paid for a factory in which several different products are produced is an example of an indirect expense.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: Only visible for members | Question # 5 Answer: C |
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