Last Updated: Aug 08, 2026
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| Section | Weight | Objectives |
|---|---|---|
| Business Ethics and Ethical Conflict | 30% | - Identification and resolution of ethical dilemmas - Concepts of ethics and business ethics - Ethics vs law and regulation - CIMA Code of Ethics and professional values |
| Company Administration | 10% | - Corporate insolvency and administration - Types of business organizations - Company financing and capital - Formation and constitution of companies |
| Corporate Governance, Controls and Corporate Social Responsibility | 45% | - Corporate social responsibility and sustainability - Internal control and risk management - Roles and responsibilities of directors and officers - External audit and assurance - Principles and frameworks of corporate governance |
| General Principles of the Legal System, Contract and Employment Law | 15% | - Employment law, rights and obligations - Terms, breach and remedies of contract - Essential elements of a valid contract - Structure and sources of law |
1. Alongside technical competence what, for example, should the management accountant ask themselves?
A) Am I protecting my home and family?
B) Am I telling the client what they want to hear?
C) Am I being subjective and impartial?
D) Am I being objective and impartial?
2. Ethical dilemmas can arise where there is tension between:
A) Professional and corporate values
B) Societal and professional values
C) Corporate and personal values
D) All of the above
3. Which of the following is NOT one of the main requirements of the UK Corporate Governance Code?
A) The identification of an independent director as primary shareholder contact
B) The appointment of independent non-executive directors to the Board
C) The separation of the roles of Chairman and Chief Executive
D) The establishment of a risk committee
4. A group of business associates are about to register X Ltd as a company limited by shares. The associates wish to restrict the company's objects so that the company is only authorized to carry on the business of retailing computer hardware and software. Which of the following is correct?
A) The restriction should be stated in the company's memorandum of association
B) The restriction should be stated in the application to register a company (form IN01)
C) No restriction is possible as all company's now have unlimited objects
D) The restriction should be stated in the company's articles of association
5. Pascal later heads off to the party where he proceeds to tell everyone about his amazing first day at work and the huge profits his new company are making and how much he's already saved them. "My future is bright" he tells everyone!
Again, Pascal has breached CIMA's ethical principles.
Which of the following has he breached?
Select ALL that apply.
A) Professional behaviour + Confidentiality
B) Objectivity + Professional competence and due care
C) Integrity + Professional behaviour
D) Professional competence and due care
E) Professional competence and due care + Objectivity
F) Objectivity
G) Professional behaviour
H) Confidentiality + Integrity
I) Confidentiality
J) Integrity
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: I |
Tammy
Abraham
Bard
Burke
Dennis
Gale
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