PDF Version DemoCIMA BA2 Exam Overview:
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
| Exam Name: | Fundamentals of Management Accounting |
| Exam Number: | BA2 |
| Available Languages: | English |
| Exam Format: | Computer-based, Objective test, Multiple-choice, Multiple-response, Number entry, Drag-and-drop |
| Related Certifications: | BA1 Fundamentals of Business Economics BA3 Fundamentals of Financial Accounting BA4 Fundamentals of Ethics, Corporate Governance and Business Law |
| Certificate Validity Period: | Valid indefinitely while Certificate is active; does not expire individually |
| Passing Score: | 100 (scaled score out of 150, approx 67%) |
| Real Exam Qty: | 60 |
| Exam Price: | GBP £95 - £115 / USD $120 - $145 (varies by region) |
| Exam Duration: | 120 minutes |
| Recommended Training: | CIMA Official Study Text CIMA BA2 Syllabus & Study Guide |
| Exam Registration: | Official CIMA Registration Pearson VUE Booking |
| Sample Questions: | CIMA BA2 Sample Questions |
| Exam Way: | Computer-based; available on-demand at Pearson VUE test centres or online remote proctoring |
| Pre Condition: | No formal prerequisites; open to all candidates; exemptions available for relevant prior qualifications |
| Official Syllabus URL: | https://www.cimaglobal.com/Qualifications/cert-ba/BA2/ |
CIMA BA2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Decision Making | 35% | - Pricing decisions - Relevant costing for short-term decisions - Cost-volume-profit analysis - Investment appraisal techniques - Risk and uncertainty analysis |
| Planning and Control | 30% | - Performance measurement and reporting - Budgeting concepts and preparation - Budgeting methods and techniques - Standard costing and variance analysis |
| Costing | 25% | - Job, batch, process and service costing - Cost classification and behaviour - Cost estimation techniques - Overhead allocation, apportionment and absorption - Marginal and absorption costing |
| The Context of Management Accounting | 10% | - Role and purpose of management accounting - Global Management Accounting Principles - Characteristics of useful financial information - Role of CIMA and professional ethics |
CIMA Fundamentals of management accounting Sample Questions:
1. Eton Ltd. operates a manufacturing process that produces product A.
Information for this process last month is as follows:
(a) Opening work in progress - 2,500 kg valued at £2,000 for direct material and £1,500 for labour and overheads.
(b) Materials input - 25,000 kg at £2.10 per kg.
(c) Labour - £10,000
(d) Overheads - £5,000
(e) Output during the month - 20,000 kg.
(f) There were 7,500 units of closing work in progress which was complete as to materials and 30% complete as to conversion.
(g) Normal loss for the month was 3% of input and all losses have a scrap value of £1 per kg.
What was the average cost per kg of finished output during the month?
A) £2.78
B) £1.73
C) £2.80
D) £2.72
2. The decision rule to use when determining the optimal production plan if there is a scarce resource is:
A) Maximise contribution per unit
B) Maximise profit per unit
C) Maximise contribution per unit of scarce resource
D) Maximise profit per unit of scarce resource
3. A product has a break-even point of 40,000 units and a margin of safety of 20%. The contribution per unit is
£3.
What is the budgeted profit?
A) £30,000
B) £8,000
C) £24,000
D) £40,000
4. Which of the following statements are true of Risk? Select ALL that apply.
A) Risks are never worth taking.
B) Risks are always worth taking.
C) There is no previous experience to base predictions on.
D) The outcomes are quantifiable.
E) Various outcomes are expected but their probabilities are unknown.
F) The future outcome is completely unknown.
5. Refer to the exhibit.
BBB has drawn up the following flexed budgets for the year:
What would be the total budgeted costs at the 80% level of activity?
A) $350,636
B) $360,794
C) $355,080
D) $372,223
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: D,E | Question # 5 Answer: C |
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