The Chartered Institute of Management Accountants (CIMA):
A)issues standards for financial accounting.
B)has its headquarters in the USA.
C)is a professional organisation of management accountants.
D)is a professional organisation of financial accountants.

Question

Quizplus · Accepted Answer

The Chartered Institute of Management Accountants (CIMA) is a professional organisation specifically for management accountants. It does not issue standards for financial accounting, nor does it have its headquarters in the USA. Therefore, options A and B are incorrect. Option D is incorrect as it is a professional organisation for management accountants, not financial accountants.