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CIMA BA4 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Business Ethics and Ethical Conflict | 30% | - Concepts of ethics and business ethics - Ethics vs law and regulation - Identification and resolution of ethical dilemmas - CIMA Code of Ethics and professional values |
| Topic 2: General Principles of the Legal System, Contract and Employment Law | 15% | - Employment law, rights and obligations - Terms, breach and remedies of contract - Structure and sources of law - Essential elements of a valid contract |
| Topic 3: Corporate Governance, Controls and Corporate Social Responsibility | 45% | - External audit and assurance - Roles and responsibilities of directors and officers - Corporate social responsibility and sustainability - Principles and frameworks of corporate governance - Internal control and risk management |
| Topic 4: Company Administration | 10% | - Formation and constitution of companies - Corporate insolvency and administration - Company financing and capital - Types of business organizations |
CIMA Fundamentals of Ethics - Corporate Governance and Business Law Sample Questions:
In relation to conditions and warranties, which of the following statements is correct?
- A. To be effective a condition must be expressed in the contract
- B. A breach of a condition entitles the party not in breach to claim damages only
- C. A warranty may be implied into a contract on the basis of a trade custom.
- D. A breach of a warranty entitles the party not in breach to cancel the contract
Which of the following best describes the consequences of being found to be unethical for an individual CIMA member?
- A. Loss of reputation, public trust and customers
- B. Loss of reputation, suppliers and customers
- C. Loss of reputation, credibility and Chartered Institute status.
- D. Loss of reputation, status and earning potential.
Which of the 'fundamental principles' of CIMA's Code of Ethics is defined as follows?
"A professional accountant should be straightforward and honest in all professional and business relationships"
- A. Integrity
- B. Professional behavior
- C. Objectivity
- D. Confidentiality
Which of the following statements is correct in relation to business organisations?
- A. In the event of a company limited by shares going into insolvent liquidation the shareholders become fully liable for the debts of the company
- B. Although a public company may offer its shares and securities to the general public it can only do so if it is listed on a stock exchange
- C. A general partnership and a private limited company can be formed without the need for any written documents
- D. A limited liability partnership is a separate legal entity distinct from the partners in a similar way to how a private company is a legal entity distinct from its shareholders and directors
After the Companies Act 2006, which of the following is correct in relation to a reduction of capital by a public company?
(i) If the reduction results in the company no longer having the authorized minimum capital for a public company, it may be necessary to re-register as a private company.
(ii) The Articles of Association may restrict the company's ability to reduce capital.
(iii) The reduction must be approved by the court.
- A. (i) and (ii) only
- B. (i) only
- C. (ii) and (iii) only
- D. (i), (ii) and (iii)
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