Free CIMA CIMAPRO19-P03-1-ENG Exam Questions
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CIMA CIMAPRO19-P03-1-ENG Exam Questions
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Provided By: CIMA
- Exam: P3 Risk Management
- Certification: CIMA Professional Qualification
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Total Questions: 278
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Updated On: Sep 28, 2024
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Rated: 4.9 |
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Online Users: 556
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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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Question 2
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FGT is evaluating the political risks associated with its operations around the world.Which of the following would indicate that a particular subsidiary has a high level ofpolitical risk?
Answer: A,B,C
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Question 3
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Which of the following are objectives of the audit planning procedure?
Answer: A,C
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Question 4
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Company M has lost 25% of its revenue in the last three months due to bad debts. One of thereceivables written offwasfroma long standing customer and the other three werefromnew customers. The management accountant has warned the sales team that the company cannot survive any more substantial bad debts.Which of the following internal controls should be put in place to try and prevent further bad debts?
Answer: A,D
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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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