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CIMA E1 Exam Syllabus Topics:
| Section | Objectives |
| Data and Information in Organisations | - Data analytics and decision-making support
- Data collection, management, and quality
|
| Information Systems and Technology | - Cybersecurity and data governance basics
- Enterprise systems and financial information systems
|
| The Digital World and Business Environment | - Digital transformation in finance and business models
- Impact of digital technologies on organisations
|
| Finance Function in a Digital Environment | - Automation and digital finance processes
- Role of finance professionals in digital organisations
|
CIMA Managing Finance in a Digital World Sample Questions:
A business is seeking to introduce TQM. It gets some advice from a business consultant on how to ensure it is successful in its implementation. Which of the following are likely to be included in the advice they receive?
Select ALL that apply.
- A. Ensure a clear budget is identified for TQM.
- B. Give a fixed time scale for the TQM project.
- C. Gain full commitment from your entire management team.
- D. Communicate frequently to your business.
- E. Encourage the sharing of ideas.
- F. Motivate and train your staff to take up the ethos of quality.
- G. Introduce a TQM department in the organisational structure.
- H. Ensure TQM gets strategic focus.
- I. Get your suppliers involved in TQM.
Reveal Solution
Discussion
Correct Answer: C,D,E,F,H,I 🗳️
AcrossThePond is a ferry company that has just slashed their prices for trips scheduled to Europe between August and November - they are now almost half as cheap!
Why would AcrossThePond do this?
Select ALL that apply.
- A. To increase their revenues.
- B. So that they can fully utilise their production capacity.
- C. So that they can can better manage their supply.
- D. So that they can increase consumer awareness of their summer services.
- E. So that they can increase demand to match supply.
Reveal Solution
Discussion
Which of the following is a reason why businesses need to prepare statutory reports?
- A. To help compare budget with actual performance.
- B. To ensure they have enough inventory on hand for production.
- C. To decide on their foreign exchange hedging policy.
- D. To inform the investors how profitable the business is.
Reveal Solution
Discussion
Which of the following is a potential advantage of outsourcing?
- A. Reduced core competencies
- B. Finality of decision
- C. Reduced capital expenditure
- D. Reduced transaction costs
Reveal Solution
Discussion
Which THREE of the following suggest an independent approach to organisational purchasing according to Reck and Long?
- A. Treating suppliers as partners.
- B. Efficient responses to requests for supplies from departments.
- C. Skills in negotiating the best price with suppliers.
- D. A move away from reactive to more professional approaches.
- E. Involvement in strategic planning.
- F. Growing awareness of the financial importance of purchasing.
Reveal Solution
Discussion