As a CIMA Qualified Management Accountant Working Within a Manufacturing

question 3

Multiple Choice

As a CIMA qualified management accountant working within a manufacturing company, you are subject to both CIMA's Code of Ethics and your company's Code of Business Conduct. Which TWO of the following statements are TRUE? (Choose two.)

• A) As a CIMA qualified Management Accountant you must follow CIMA's Code of Ethics.
• B) Where there is a difference between CIMA's Code of Ethics and the company's Code of Business Conduct, the company's Code of Business Conduct takes priority.
• C) Both CIMA's Code of Ethics and the company's Code of Business Conduct must be based on a set of basic principles.
• D) Both CIMA's Code of Ethics and the company's Code of Business Conduct include references to Confidentiality. Disclosure on public interest grounds is therefore prohibited.
• E) A company's Code of Business Conduct can be rules based.

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Definitions:

Informational Reports

Documents that provide data, facts, and feedback without analysis or recommendations.

Analytical Reports

Documents that provide detailed analysis on a specific topic, issue, or problem, often used to support decision-making processes.

Formal Work Plan

A detailed document outlining the objectives, strategies, and timelines for completing a project or task in a structured manner.

Seven Elements

A framework or model consisting of seven components that are considered essential for understanding or analyzing a particular domain or concept.