Cima P1 Dumps

CIMA CIMA P1 - Manag Managem ement ent Acco Account unting ing

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What is CIMA? The Chartered Institute of Management Accountants ( CIMA) is a UK professional accountancy body whose focus is on the training and qualifying of accountants in business. It represents financial managers and accountants who work in industry, commerce, notfor-profit and public sector organizations.







Certification







CIMA CIMA P1 - Manage Managemen mentt Account Accounting ing It combines accounting, finance and management with the leading edge techniques needed to drive successful businesses. Management accountants operate in financial and non-financial roles throughout organizations and carry out all their training and experience requirements within business itself, providing them with a unique insight into how their t heir organizations operate.







Here are some questions that you will get same in your exam.







Question No 1: A purchasing manager is deciding how many units of a product to purchase purchase for the winter season. The demand for the product is uncertain. The purchasing manager has prepared a regret matrix showing the regret based on the contribution that each of the possible outcomes would earn.

Dema Demand nd 10,000 15,000 20,000 25,000

Regret Matrix Quantity purchased (units) 10,0 10,000 00 15,0 15,000 00 20,0 20,000 00 25,0 25,000 00

$0 $21,000 $120,000 $180,000

$35,000 $0 $26,000 $120,000

$70,000 $32,000 $0 $22,000

$105,000 $62,000 $33,000 $0

If the manager applies the minimax purc hased? minimax regret criterion criterion to make decisions, which quantity would be purchased? A 10,000 units B 15,000 units

The maximum regret if 10,000 units are purchased is $180,000









Question No 2: A company is considering an investment investment project for which the possible cash inflows and their respective probabilities are given in the table below: Year 1 Year 2 Cash inflow $000 Probability Cash inflow $000 Probability







Question No 3: A certificate of deposit is best described as: A. A debt instrument which offers offers a fixed rate of interest over a fixed period of time and with a fixed redemption value. B. A negotiable instrument which provides evidence of a fixed term deposit with a bank. C. A document which sets out a commitment to deposit a sum of money at







Question No 4: A company is considering offering its customers customers an early settlement discount. The company currently receives payments from customers on average 65 days after the invoice date. The company is considering offering a 2% early settlement discount for payment within 30 days of the invoice date. The effective annual interest rate of the early settlement discount using compound interest methodology and assuming a 365 day year is:







Question No 5: The material mix variance for August is: A. $1,540 Favorable B. $1,540 Adverse C. $1,288 Favorable D. $1,288 Adverse







Question No 6: The material yield variance for August is: A. $200 Adverse B. $1,740 Adverse C. $200 Favorable D. $1,740 Favorable









Question No 7:







Question No 8:







Cima P1 Dumps

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