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CIMA BA2 Exam Syllabus Topics:

SectionWeightObjectives
Decision Making35%- Short-term decision making
  • 1. Contribution analysis
  • 2. Break-even analysis
  • 3. Limiting factor analysis
- Risk and uncertainty
  • 1. Risk assessment techniques
  • 2. Sensitivity considerations
- Long-term decision making
  • 1. Investment appraisal principles
  • 2. Relevant cash flow analysis
Costing25%- Cost identification and classification
  • 1. Relevant and irrelevant costs
  • 2. Direct and indirect costs
  • 3. Fixed, variable and semi-variable costs
- Costing techniques
  • 1. Absorption costing
  • 2. Marginal costing
  • 3. Cost behaviour analysis
The Context of Management Accounting10%- Professional ethics and CIMA
  • 1. Role of CIMA
  • 2. Professional and ethical responsibilities
- Purpose of management accounting and the role of the management accountant
  • 1. Role of the management accountant
  • 2. Need for management accounting
  • 3. Functions of management accounting
Planning and Control30%- Performance measurement and control
  • 1. Variance analysis
  • 2. Non-financial performance measures
  • 3. Financial performance measures
- Management reporting
  • 1. Preparation of management reports
  • 2. Interpretation of management information
- Budgeting
  • 1. Preparation of budgets
  • 2. Cash budgeting
  • 3. Budgetary control

CIMA Fundamentals of management accounting Sample Questions:

Question 1

Which of the following is not an advantage of IRR?

A. It is a suitable measure for choosing between projects of different sizes
B. There is no need to know the exact cost of capital
C. It considers all cashflows
D. It takes into account the time value of money


Question 2

Refer to the exhibit.

The budget for product Sentra for the month of August is given below:
Each unit of Sentra requires 4kg of raw materials.
The raw materials usage budget for the month of August is:

A. 492,000 kg
B. 496,000 kg
C. 516,000 kg
D. 504,000 kg


Question 3

Which of the following are not examples of intangible and nonfinancial factors in decision making? (Select ALL that apply.)

A. Profitability ratios
B. Employee morale
C. Competitor reaction
D. Return on investment
E. Market share
F. Government regulations


Question 4

The following data are available for a company that produces and sells a single product.
The company's opening finished goods inventory was 2,500 units.
The fixed overhead absorption rate is $8.00 per unit.
The profit calculated using marginal costing is $16,000.
The profit calculated using absorption costing and valuing its inventory at standard cost is $22,400.
The company's closing finished goods inventory is:

A. 3,300 units
B. 1,700 units
C. 3,900 units
D. 8,900 units


Question 5

Put simply, the role of the management accountant it to_______.

A. assess internal information to ensure the company is complying with financial and accountancy regulations.
B. record and organises last year's transactions and produce financial statements for shareholders.
C. assess internal information and analyse how it can be used to improve performance in the future.


Solutions:

Question 1
Answer: A
Question 2
Answer: C
Question 3
Answer: A,D,E
Question 4
Answer: A
Question 5
Answer: C

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