Available Number of Questions: Maximum of
661 Questions
Exam Name: BA4 - Fundamentals of Ethics, Corporate Governance and Business Law
Related Certification(s):
CIMA Certificate in Business Accounting Certification
CIMA CIMAPRA17-BA4-1 Exam Topics - You’ll Be Tested in Actual Exam
The CIMA CIMAPRA17-BA4-1 exam is a challenging assessment that covers a wide range of topics essential for management accounting professionals. It evaluates your understanding of strategic business reporting, financial analysis, performance management, and governance. The exam consists of two sections: the objective test, which assesses your knowledge and application skills, and the written communication test, which evaluates your ability to present and communicate complex financial information effectively. The objective test covers a broad spectrum of topics, including financial reporting, performance measurement, and strategic management accounting. You'll need to demonstrate your proficiency in interpreting financial statements, conducting variance analysis, and using budgeting and forecasting techniques. The written communication test focuses on your ability to convey financial insights and recommendations clearly and concisely. This section requires you to analyze case studies and present your findings in a structured and persuasive manner. To excel in the exam, it's crucial to develop a comprehensive study plan that covers all the topics thoroughly. Focus on understanding the underlying concepts and principles rather than merely memorizing facts. Utilize a variety of study resources, such as textbooks, online courses, and practice questions, to reinforce your learning. Additionally, consider joining study groups or seeking guidance from mentors or tutors to clarify any doubts and gain different perspectives on the material.
CIMA CIMAPRA17-BA4-1 Exam Short Quiz
Attempt this CIMA CIMAPRA17-BA4-1 exam quiz to self-assess your preparation for the actual CIMA BA4 - Fundamentals of Ethics, Corporate Governance and Business Law exam. CertBoosters also provides premium CIMA CIMAPRA17-BA4-1 exam questions to pass the CIMA BA4 - Fundamentals of Ethics, Corporate Governance and Business Law exam in the shortest possible time. Be sure to try our free practice exam software for the CIMA CIMAPRA17-BA4-1 exam.
1of 0 questions |
CIMA CIMAPRA17-BA4-1 Exam Quiz
✓ 0 answered
🔖 0 bookmarked
CIMACIMAPRA17-BA4-1
Q1:
Which THREE of the following statements are correct regarding the CIMA Code of Ethics for Professional Accountants?
☐
AWhere a statutory requirement is in conflict with a provision of the CIMA Code, the CIMA Code requirement prevails
☐
BThe CIMA Code is mandatory for all CIMA members and students, and is applicable to all professional services.
☐
CThe CIMA Code imposes an obligation on CIMA members and students to comply with relevant laws and regulations
☐
DProfessional accountants should consider the ethical requirements contained in the CIMA Code as the basic principles which they should follow in performing their work
☐
EThe CIMA Code is an example of a compliance driven ethical framework
CIMACIMAPRA17-BA4-1
Q2:
A, B C and D are sole directors and shareholders of EFG Company each holding 25% of the shares in the company. The articles of association
of EFG Company state that "the directors cannot enter into any contract on behalf of the company exceeding $30,000 without the agreement of all the shareholders''.
B contracted on behalf of the company for $40,000 with Y Company without the agreement of the other shareholders. Which of the following is correct?
1. Y Company may enforce the contract against EFG Company
2. A, C and D may obtain an injunction to stop the contract being canted out
3. B may be liable to EFG Company for breach of duty.
○
A1 and 3 only
○
B1 and 2 only
○
C1 only
○
D1,2 and 3
CIMACIMAPRA17-BA4-1
Q3:
Listed companies must comply with the Corporate Governance Code If they do not, which of the following penalties will apply?
○
ANo formal penalty
○
BPenalty under the Corporate Governance Code
○
CCriminal penalty
○
DCivil penalty
CIMACIMAPRA17-BA4-1
Q4:
N is a CIMA qualified accountant working within a complex and evolving organisation A new HR manager. Q, has been employed and has reviewed the salaries of the accounting team in order to reduce the expense to the company.
Q suggests that N's position could be outsourced to an accounting servicing company to save money. This outsourcing team does not employ professionally qualified accountants
N's finance director emphatically disagrees with Q's suggestion
Which THREE of the following are justifications for retaining N's services?
As a CIMA qualified accountant N
☐
Atakes personal responsibility for ensuring that he is professionally competent to undertake work for the company
☐
Btakes personal responsibility for ensuring that the information he provides is unbiased and unaffected by conflicts of interest
☐
Ctakes personal responsibility for ensuring that he is independent in his relationship with his employer.
☐
Dtakes personal responsibility for ensuring that he is straightforward and honest in his business dealings
☐
Etakes personal responsibility for ensuring that his behavior complies only with that of his professional body and therefore the company can have confidence in his work and complain to his professional body if they are unhappy
☐
Ftakes personal responsibility for ensuring the accuracy and validity of the judgments of his directors in assessing the risk appetite of the company.
CIMACIMAPRA17-BA4-1
Q5:
The fraud response is a key aspect of fraud risk management within an organisation. Which of the following does NOT describe the responsibility of key personnel within this plan?
○
AAudit committee members take responsibility for reviewing all fraud and then charge relevant staff with the task of taking appropriate action
○
BExternal auditors take responsibility for detecting fraud
○
CThe HR department takes responsibility for the disciplinary procedures and issues with employment law and practice
○
DManagers take responsibility for detecting fraud in their area
