F2 (MA/FMA) – Chapter 01 – PART A – CBE MCQs – ACCA

These are ACCA F2 (MA/FMA) Management Accounting MCQs for Part-A of the Syllabus “The nature, source and purpose of management information”.

These multiple-choice questions (MCQs) are designed to help ACCA F2 (MA) students to better understand the exam format. We aim to instill in students the habit of practicing online for their CBE exams. By doing so, students can reduce exam stress and prepare more effectively.


Course: ACCA – Associations of Chartered Certified Accountants
Fundamental Level: Knowledge, FIA – Foundation in Accounting
Subject: Management Accounting
Paper: F2 – MA/FMA
Chapter: Sources of data
Chapter Number: 02a of the Practice and Exam Kit
Syllabus Area: A – The nature, source and purpose of management information
Questions Type: CBE MCQs
Exam Section Type: Section A

Benefits of Practicing Online on AGlobalBox.com

  1. Authentic Exam Experience:
    Practicing online allows ACCA students to experience an environment closely resembling the actual exam. The MCQs on our platform are designed to mirror the format, difficulty level, and question types found in ACCA exams. This familiarity helps students become more comfortable and confident when facing the real exam.
  2. Comprehensive Question Bank:
    We provided comprehensive question banks covering various topics across the syllabus. By practicing online, students gain access to a wide range of MCQs that thoroughly test their knowledge and understanding in each area.
  3. Enhanced Learning and Retention:
    The interactive nature of online practice enhances learning and improves information retention. Students can actively engage with the MCQs, select answers, and receive immediate results. This approach aids in reinforcing concepts and identifying areas that require further study, thereby maximizing learning outcomes.
  4. Time Management Skills:
    Practicing online helps students develop essential time management skills required for ACCA exams. By adhering to time limits while answering MCQs, students learn to allocate their time effectively and improve their speed and accuracy. This skill is invaluable for completing the actual exam within the given time constraints.
  5. Performance Tracking and Progress Evaluation:
    Students can monitor their results, track their strengths and weaknesses, and identify areas that need improvement.

Number of the Questions

There are 10 Questions in this F2 MCQ Test that cover Chapter 2a; Sources of data of ACCA F2 (MA/FMA) Management Accounting Module.


This MCQs test is not time-bound. Take your time and solve them without stress. Pay proper attention and focus. Do not rush or hesitate.


Students will get their F2 CBE MCQ result after they finish the entire test. They will also be able to see the score in percentage, correct and incorrect answers, as well as explanations for the incorrect questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all answers that seem correct or incorrect, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)”.
Dropdown: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

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F2 - Chapter 1 - Part A - MCQs

Course: ACCA - FIA
F2 (MA/FMA) Management Accounting
Chapter: 01 - Accounting for management
Syllabus Area: A - The nature, source and purpose of management information
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit


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1 / 10

Which of the following statements is/are correct?

  1. A management control system is a term used to describe the hardware and software used to drive a database system which produces information outputs that are easily assimilated by management.
  2. An objective is a course of action that an organisation might pursue in order to achieve its strategy.
  3. Information is data that has been processed into a form meaningful to the recipient.

2 / 10

Which of the following statements is correct?

3 / 10

Monthly variance reports are an example of which one of the following types of management information?

4 / 10

Use the drop down list to select which of the following processes occurs at the business planning stage.

5 / 10

Which TWO of the following would be data rather than information?

6 / 10

The sales manager has prepared a manpower plan to ensure that sales quotas for the forthcoming year are achieved.

This is an example of what type of planning?

7 / 10

Which TWO of the following statements about qualities of good information are true?

8 / 10

Good information should have certain qualities.

Which TWO of the following are required as qualities of good management information?

9 / 10

Which TWO of the following statements about management accounting information are true?

10 / 10

Which of the following statements is/are correct?

  1. Information for decision-making should incorporate uncertainty in some way.
  2. The data used to prepare financial accounts and management accounts are the same.

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