Free BA4 Exam Braindumps (page: 54)

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What is the public function of all accountants?

  1. To provide truthful and independent accounts of finances
  2. To give financial judgments to owners and shareholders
  3. To do a job and go home
  4. To represent the life-cycle of accounts

Answer(s): A



J is employed as management accountant of a large retailer. Jo has been invited to take a holiday 'all expenses paid' at a villa owned by the managing director of a supplier organization. If J accepts the invitation, which of the following 'fundamental principles' of CIMA's Code of Ethics will be compromised?

  1. Integrity
  2. Objectivity
  3. Confidentiality
  4. Professional behavior

Answer(s): B



You work for a chain of restaurants. The head chef of your flagship restaurant raises questions about the inclusion of highly endangered species of fish on the restaurant's menu. Is it an ethical issue and why?

  1. Yes - because it could deny customers the choice of certain types of fish
  2. Yes - because it relates to the environmental issue of overfishing and depletion of fish stocks
  3. No - because it will cost the restaurant money to source alternative produce
  4. No - because business cannot be accountable for environmental issues

Answer(s): B



Which TWO of the following are the characteristics of a framework driven by values, principles and ethics?

  1. Implicit
  2. Discretionary
  3. Detection
  4. Mandatory

Answer(s): A,B






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