Tuesday 8 October Answer

Today we have a question relating to the new 2019 syllabus for F1.

The question was:

Regulation of financial information caters for all but one of the following common requirements?

Which one is not catered for?

This question relates to ‘A: Regulatory information and financial reporting’ and is a slightly different version of the question in one of our free mock exams.

The correct answer was the Wow, with…

Accurate Information

Regulation ensures that the information stakeholders read is:

  1. Relevant
  2. Presented fairly
  3. Understandable and comparable

The information must give a true and fair view of the financial performance of the organisation and as such this statement makes an allowance for minor inaccuracies. However, there should be no material misstatements.

For more free questions use our Free CIMA Mock Exams for the 2019 syllabus use the menu above to access our little shop, at the same time you’ll have the option to upgrade to our + package which includes 50% more questions, feedback and both revision and timed assessment modes plus much more.

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