CIMA BA2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: The Context of Management Accounting | 10% | - Characteristics of useful financial information - Role and purpose of management accounting - Role of CIMA and professional ethics - Global Management Accounting Principles |
| Topic 2: Planning and Control | 30% | - Budgeting methods and techniques - Standard costing and variance analysis - Budgeting concepts and preparation - Performance measurement and reporting |
| Topic 3: Costing | 25% | - Job, batch, process and service costing - Cost estimation techniques - Overhead allocation, apportionment and absorption - Marginal and absorption costing - Cost classification and behaviour |
| Topic 4: Decision Making | 35% | - Risk and uncertainty analysis - Relevant costing for short-term decisions - Pricing decisions - Investment appraisal techniques - Cost-volume-profit analysis |
CIMA Fundamentals of management accounting Sample Questions:
Question #1
A manufacturing company uses an absorption based costing system. At the start of the period they planned to make 30,000 units at a selling price of £900 per unit Fixed overheads were expected to be £900,000. The variable cost per unit is £300.
At the end of the period actual overheads were £858,000, and 33,000 units were produced, of which 32,000 were sold.
Which of the following statements are TRUE? Select ALL that apply.
A. The fixed overhead absorption rate is £30 per unit.
B. The Net Profit was £18,372,000.
C. The fixed overhead absorption rate is £26.00 per unit.
D. Overheads were under-absorbed by £2,000.
E. Overheads were over-absorbed by £132,000.
F. The Gross Profit was £18,240,000.
F, The Gross Profit was £19,200,000.
G. The Net Profit was £18,342,000.
Question #2
Refer to the exhibit.
The following records are available for a hotel for last week.
The sales revenue in the hotel coffee shop last week was $16,750.
The sales revenue per guest night was (to the nearest $0.01):
Give your answer to 2 decimal places.
Question #3
The standard labour hours for all products manufactured by a company include an allowance for idle time. Idle time is budgeted to be 5% of total hours worked. Each unit of product G requires an input of 9.5 active labour hours. The labour rate is $12 per hour.
The standard labour cost shown on the standard cost card for one unit of product G will be
A. $120.00
B. $114.00
C. $10.00
D. $119.70
Question #4
Refer to the exhibit.
In an integrated cost and financial accounting system, the accounting entries for factory overhead absorbed would be:
A. Option A
B. Option D
C. Option C
D. Option B
Question #5
Every month for the last three years, a company has recorded the number of new customers for that month.
The data have been summarised and grouped as follows:
What is the arithmetic mean of the number of new customers per month?
A. 6.50
B. 8.50
C. 6.38
D. 6.22
Solutions:
| Question #1 Correct Answer: A,E,F,G | Question #2 Correct Answer: Only visible for members | Question #3 Correct Answer: A | Question #4 Correct Answer: A | Question #5 Correct Answer: B |
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