Chartered Management Accountants (CIMA)

The Chartered Institute of Management Accountants (CIMA)

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Flexible budget is a budget with the following features


Break Even can be calculated as under


Sales budget must be prepared


Fixed Cost


Conversion cost is equal to


Process Costing method is related to


A good Cost Accounting System is


Sources of funds can be increased by


For which taxpayer Income Tax rates are the same


If a firm has paid super-tax, its partners may follow any one of the following behaviors


Income Tax is levied on


An owner investment of land into the business would


Net income plus operating expenses is equal to


Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following


The master budget comprises of


Cost volume profit analysis is the method used to estimate the impact on profit is of changes in


In a manufacturing company product cost include


Which of the fallowing accounts would not be included in the computation of the cost of goods sold


Total manufacturing cost for a period includes all of the fallowing except


Quick Asset includes which of the fallowing


Pakistan follows the following budgeting system at Federal level


What is the primary purpose of calculating the Cost of Goods Sold (COGS)?


What is the effect on COGS if the opening inventory is overvalued?


An analyst at a financial firm receives a non-public tip about an upcoming merger from a friend who works at the target company. According to the CFA Institute Standards of Professional Conduct, how should the analyst proceed?


A portfolio manager receives a gift from a client valued at $200 after achieving substantial returns for the client’s portfolio. According to the CFA Institute Standards, how should the portfolio manager handle this situation?


Which of the following best describes a requirement for firms to comply with GIPS standards?


A financial advisor discovers that a junior analyst in their team has inadvertently shared a client’s confidential information with a third party. According to the CFA Institute's Standards of Professional Conduct, what should the financial advisor do first?