Question No 2:
Which of the following is NOT a principle in the CIMA Code of Ethics for Professional Accountants?
A. Timeliness
B. Integrity
C. Professional competence and due care
D. Objectivity
Answer: A
Saturday, 22 April 2017
Friday, 7 April 2017
Free CIMA F1 Financial Reporting And Taxation Exam Questions
Question No 1:
An ideal tax system should conform to certain principles. Which one of the following statements is not generally regarded as a principle of an ideal tax?
A. It should be fair to different individuals and should reflect a person’s ability to pay.
B. It should not be arbitrary, it should be certain.
C. It should raise as much money as possible for the government.
D. It should be convenient in terms of timing and payment.
Answer: C
An ideal tax system should conform to certain principles. Which one of the following statements is not generally regarded as a principle of an ideal tax?
A. It should be fair to different individuals and should reflect a person’s ability to pay.
B. It should not be arbitrary, it should be certain.
C. It should raise as much money as possible for the government.
D. It should be convenient in terms of timing and payment.
Answer: C
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