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BA2 – Fundamentals of Management Accounting

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Showing 1–3 of 10 questions

Question 1

Which TWO of the following are characteristics of Management Accounts? (Choose two.)

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    Governed by rules and regulations
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    Provide information to managers
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    Provide information needed by shareholders
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    Internally focused
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    Statutory requirement
Question 2

Which THREE of the following are included in the Global Management Accounting Principles? (Choose three.)

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    Accountability
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    Influence
  • ○

    Value
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    Professional behaviour
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    Relevance
  • ○

    Integrity
Question 3

The following data relate to the latest period.

A statement is to be prepared that reconciles the difference between the flexible budget profit and the actual profit. Which TWO of the following will appear on this statement? (Choose two.)

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    A favourable labour rate variance.
  • ○

    A favourable sales volume contribution variance.
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    An adverse sales price variance.
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    An adverse labour efficiency variance.
  • ○

    An adverse material price variance.