CIMA CIMAPRO17-BA2-X1-ENG : BA2 – Fundamentals of Management Accounting Question Tutorial

CIMAPRO17-BA2-X1-ENG real exams

Exam Code: CIMAPRO17-BA2-X1-ENG

Exam Name: BA2 – Fundamentals of Management Accounting Question Tutorial

Updated: Sep 12, 2026

Q & A: 60 Questions and Answers

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CIMA CIMAPRO17-BA2-X1-ENG Exam Syllabus Topics:

SectionObjectives
Topic 1: Costing Methods- Marginal costing
  • 1. Cost-volume-profit (CVP) relationships
    • 2. Contribution and break-even analysis
      - Absorption costing
      • 1. Over/under absorption of overheads
        • 2. Inventory valuation
          Topic 2: Accounting for Materials, Labour and Overheads- Labour costing
          • 1. Time-based remuneration
            • 2. Labour efficiency and productivity
              - Material control
              • 1. Stock control systems
                • 2. Inventory valuation methods
                  Topic 3: Introduction to Cost Accounting- Cost classification and behavior
                  • 1. Direct and indirect costs
                    • 2. Fixed, variable and semi-variable costs
                      - Cost units and cost centers
                      • 1. Absorption of overheads
                        • 2. Overhead allocation basics
                          Topic 4: Budgeting and Forecasting- Budget preparation
                          • 1. Functional budgets
                            • 2. Master budgets
                              - Budgetary control
                              • 1. Variance analysis basics
                                • 2. Performance monitoring
                                  Topic 5: Decision Making Techniques- Cost analysis for decisions
                                  • 1. Incremental cost analysis
                                    • 2. Relevant costing principles
                                      - Short-term decision making
                                      • 1. Make or buy decisions
                                        • 2. Limiting factor analysis

                                          CIMA BA2 – Fundamentals of Management Accounting Question Tutorial Sample Questions:

                                          Question #1

                                          A management accountant has forecast the following cash inflows from four potential projects.

                                          All four projects require the same initial investment and will last for four years. They all result in a positive net present value but only one of the projects can be undertaken.
                                          Which project should be selected?

                                          • A. Project B
                                          • B. Project A
                                          • C. Project D
                                          • D. Project C
                                          Answer: B
                                          Question #2

                                          The International Federation of Accountants (IFAC) stated that it was important that "accountants in business" should understand what the drivers of stakeholder value are. Which of the following statements is valid?

                                          • A. Only an organisation's shareholders can be considered to be its stakeholders.
                                          • B. Stakeholders must be external to the organisation.
                                          • C. Only an organisation's shareholders and employees can be considered to be its stakeholders.
                                          • D. Anyone with an interest in an organisation can be considered to be one of its stakeholders.
                                          Answer: A
                                          Question #3

                                          FILL BLANK
                                          A company wishes to compare the variability of its monthly sales revenue in country A with that of country B.
                                          The two countries use different currencies.
                                          The monthly sales revenue for the last 48 months in country A (which is measured in $) has been analysed as follows.

                                          What is the coefficient of variation of this data?
                                          Give your answer as a percentage to one decimal place.

                                          Answer:

                                          0.143
                                          Explanation/Reference: https://www.statisticshowto.datasciencecentral.com/probability-and-statistics/how-to-find-a- coefficient-of-variation/

                                          Question #4

                                          In responsibility accounting, costs and revenues are grouped according to:

                                          • A. their behaviour.
                                          • B. the budget holder.
                                          • C. their function.
                                          • D. the service provided.
                                          Answer: A

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                                          Question #5

                                          The following is an extract from a budgetary control report for the latest period:

                                          The budget variance for prime cost is:

                                          • A. $18,580 adverse
                                          • B. $3,260 favourable
                                          • C. $3,340 adverse
                                          • D. $3,260 adverse
                                          Answer: A

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