Free CIMA CIMAPRA19-P03-1-ENG Exam Questions
Absolute Free CIMAPRA19-P03-1-ENG Exam Practice for Comprehensive Preparation
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CIMA CIMAPRA19-P03-1-ENG Exam Questions
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Provided By: CIMA
- Exam: P3 Risk Management (Online)
- Certification: CIMA Professional Qualification
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Total Questions: 276
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Updated On: Feb 17, 2025
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Rated: 4.9 |
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Online Users: 552
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Question 1
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You are theManagementAccountant for a company which supplies baked food to a string of retail outlets; biscuits, cakes, savoury snacks etc.
You discover that a trainee employee, who is responsible for cleaning out the delivery vans has been taking damaged goods and packets which have reached their sales expiry date and has been selling them to friends. These products would otherwise have been discarded as waste.
The trainee in question is the nephew of one of the senior managers.
What is the correct course of action?
Answer: C
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You are theManagementAccountant for a company which supplies baked food to a string of retail outlets; biscuits, cakes, savoury snacks etc.
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Question 2
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Which TWO of the following scenarios should be considered in strategic scenario planning by a publishing company that specialises in academic textbooks?
Answer: B,C
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Which TWO of the following scenarios should be considered in strategic scenario planning by a publishing company that specialises in academic textbooks?
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Question 3
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You have been assigned the role of lead internal auditor. Your task is to carryout the annual assessment of the production line maintenance department.
When planning for this audit, which of the following must be completed?
Answer: A,C,D
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You have been assigned the role of lead internal auditor. Your task is to carryout the annual assessment of the production line maintenance department.
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Question 4
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The management of U isreviewing internal controls throughout the company. Ithasnoted the following:-
1. In the trade receivables section, journal adjustments are made by the clerks, without any reference to their supervisor. Journal adjustments may relate to sales returns, discounts allowed, or transfers between accounts.
2. In the purchasing department, the purchasing manager selects and approves all suppliers, astheyarethe only person with sufficient experience to do so. They usea very limited number of suppliers becausethey can rely on these suppliers to provide goods of the quality required at a competitive price. They donot keep any documents in relation to negotiations with other potential suppliers or other quotes obtained.
In relation to the above, which of the following statements are valid?
Answer: A
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The management of U isreviewing internal controls throughout the company. Ithasnoted the following:-
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Question 5
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Zia is an accountant and wishes to take out a Forward Rate Agreement (FRA)as a hedging instrument. The company treasurer has advised that a short-term interest rate (STIR)future would be better.
Which of the following is true of an STIR?
Answer: B
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Zia is an accountant and wishes to take out a Forward Rate Agreement (FRA)as a hedging instrument. The company treasurer has advised that a short-term interest rate (STIR)future would be better.