cima p1 pdf dumps - Cimadumps.us

1
Chartered Institute of Management Accountants
Cima P1

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What is Management Accounting ?

• Management accountants play a vital role in
  managing business opportunities. They inform the
  strategy and help secure the future of your
  business. CIMA management accountants redefine
  how business is done.

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How CIMA Benefit Your Business

• Communication knowing what information
  management needs and explaining the numbers to
  non-financial managers.
• Planning using accounting techniques to plan
  and budget.
• Risk - The application of analytical skills to
  observe business processes end end a pair
  identify and manage risks.
• Strategy Using the insight from analysis to
  help formulate business strategy to create wealth
  and shareholder value. 
•  Analysis - Understanding the history behind
  numbers and use it to make business decisions

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What Are You Waiting For

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Management Accounting Exam Test 

• Test management accounting is not easy to pass.
  Before trying to take the exam you must have a
  complete knowledge of this. If you want to become
  a Certified Management Accountant then you can
  get help from real test materials of Exams4sure
  for Management Accounting Exam Here are the
  latest questions and answers for Management
  Accounting review. 
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Question No 1

•  Which phrase best describes the current role of
  the managerial accountant ?
• A. Managerial accountants facilitate the
  decision-making process within an organization.
• B. Managerial accountants prepare the financial
  statements for an organization.
• C. Managerial accountants make the key decisions
  within an organization. D. Managerial accountants
  are primarily information collectors.
• D. Managerial Accountants are solely staff
  advisors in an organization.
• E. Managerial accountants are primarily
  information collectors.
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Question No 2

• An example of qualitative data is ?
• A. Net income
• B. Product cost
• C. Customer satisfaction
• D. Net worth
• E. Inventory cost
•  
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Question No 3

• Product and service costing information is
  prepared for?
• A. Manufacturing companies without inventory.
• B. Manufacturing companies with inventory.
• C. Service providers.
• D. Merchandising companies.
• E. Each of the other four answers.
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Question No 4 

• Manufacturing costs typically consist of?
• A. Direct materials direct labor and
  administrative costs.
• B. Direct materials direct labor and
  manufacturing overhead.
• C. Production and shipping costs.
• D. Direct materials direct labor marketing and
  administrative costs.
• E. Production and marketing costs.
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Question No 5

• In comparison to the traditional manufacturing
  environment overhead costs in a JIT environment
  all the following are true except
• A. Labour need not be tracked to the product.
• B. Are more easily tracked to products.
• C. Are frequently direct in nature.
• D. Most of the costs are likely to be indirect in
  nature.
• E. Include rent insurance and utilities.
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Question No 6

• As production increases within the relevant range
• A. Variable costs will vary in total.
• B. Fixed costs will vary in total.
• C. Variable costs will vary on a per unit basis.
• D. None of the other four answers is true.
• E. Fixed and variable cost stay the same in
  total.
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Question No 7

• You are given the cost and volume information
  below Volume Cost 1 unit 15 10 units 150 100
  units 1500 What type of a cost is given?
• A. Rent cost
• B. Fixed cost
• C. Variable cost
• D. Mixed cost
• E. Step cost
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Question No 8

• Which of the following statements regarding
  graphs of fixed and variable costs is true
• A. Variable costs can be represented by a
  straight line where costs are the same for each
  data point.
• B. Fixed and Variable costs are curvilinear form
  above zero on the Y axis.
• C. Variable costs are zero when production is
  equal to zero.
• D. Fixed costs can be represented by a straight
  line starting at the origin and continuing
  through each data point.
• E. Fixed costs are zero when production is equal
  to zero. D. Variable costs are zero when
  production is equal to zero.
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Management Accounting

• Get complete 183 Questions and Answers from 
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  Management Accounting Certified Professional
  exam. By The Help of.
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