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CIMA BA2 Practice Test Chapter 1-The context of management accounting
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CIMA BA2 Practice Test Chapter 1-The context of management accounting
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BA 2 - Fundamentals of Management AccountingPractice questions
The context of management
accounting
Chapter one
, 7
01. LMN is an international clothing manufacturer specialising in producing waterproof jackets.
Consider the following decisions and match each to the level of the organisation where these
decisions would be made.
Decision Level
A decision to take over a rival Strategic
company to expand its
production into different
markets
A decision on the ordering of Tactical
material for production
A decision about the pricing Operational
of the products
02. Use the following words to complete the sentences regarding levels of information.
● Strategic
● Tactical
● Operational
● Higher
● Lower
● More
● Less
A decision to diversify into a new market would be taken at the _________ level. Information for
operational level decisions will have a ___________ level of detail than information for strategic
level decisions. Strategic level information will be ____________ subjective than operational
level information.
03. Consider the following statements relating to financial accounting:
(i) The main purpose of financial accounting statements is to provide a true and fair view of the
financial position of an organisation at the end of an accounting period.
(ii) Financial information may be presented in any format deemed suitable by management.
BA 2 Fundamentals of Management Accounting. Quantia Learning
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