Cima C01 Exam Question No 4

Question No 4:

Which of the following words complete the statement below?
____________ accounts are prepared for external stakeholders.
Management accounts are prepared for _____________ stakeholders.

A. Shadow, Internal
B. Financial, Internal
C. Financial, External
D. Internal, Budget

Answer: B

Cima C01 Exam Question No 3

Question No 3:

Which of the following statements are true?
1. The main role of the management accountant is to produce financial accounts
2. Management accountants always work within the finance function
3. Management accountants always work in partnership with business managers

A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. None of the above.


Answer: D

Cima C01 Exam Question No 2

Question No 2:

CIMA defines management accounting as:
“The application of the principles of accounting and financial management to create, protect, preserve and increase value for the _________________ of for-profit and not-for profit enterprises in the public and private sectors”.

A. Auditors
B. Stakeholders
C. Owners
D. Customers

Answer: B

Cima C01 Exam Question No 1

Question No 1:

Which of the following words DOES NOT describe a main focus of management accounting?

A. Planning
B. Control
C. External
D. Decision-making

Answer: C