CIMA Study Guide 2026
Everything you need to pass the CIMA exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CIMA Exam Format at a Glance
📚 CIMA Topics to Study (31)
✍️ Sample CIMA Questions & Answers
1. Under the accruals basis, revenue from a service contract completed in December but invoiced in January should be recognized:
The accruals concept requires revenue to be recognized when earned (service completed in December), regardless of when the invoice is issued or cash received.
2. In US taxation, what is 'depreciation recapture'?
Depreciation recapture requires that gains on the sale of an asset, to the extent they reflect previously deducted depreciation, be recognized as ordinary income.
3. Normal loss in a process account is valued at:
Normal loss is valued at its scrap/net realizable value; its cost is absorbed into the remaining good output.
4. Under the perpetual inventory system, the cost of goods sold is recorded:
The perpetual inventory system updates inventory and COGS continuously with each transaction, unlike the periodic system which calculates COGS only at period end.
5. Which financial instrument gives the holder the right, but not the obligation, to buy an asset at a specified price on or before a specified date?
A call option gives the holder the right, but not the obligation, to purchase an underlying asset at the strike price before or at expiration.
6. The PESTEL framework is used to analyze which type of business environment?
PESTEL analyzes macro-environmental factors: Political, Economic, Social, Technological, Environmental, and Legal influences on an organization.