Exam Name: Managing Finance in a Digital World
Certification Provider: CIMA
Corresponding Certification: CIMA Certification
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CIMA E1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: The Digital World and Business Environment | - Impact of digital technologies on organisations - Digital transformation in finance and business models |
| Topic 2: Data and Information in Organisations | - Data analytics and decision-making support - Data collection, management, and quality |
| Topic 3: Finance Function in a Digital Environment | - Automation and digital finance processes - Role of finance professionals in digital organisations |
| Topic 4: Information Systems and Technology | - Cybersecurity and data governance basics - Enterprise systems and financial information systems |
CIMA Managing Finance in a Digital World Sample Questions:
It can be said that ethics is a set of moral principles underpinning the concept of right and wrong. Whether an action is actually right or wrong depends on which of the following?
Select ALL that apply.
- A. The consequences of the action
- B. The key values associated with the action
- C. The legality of the action
- D. The organisational policy
- E. The government policy
- F. The motivation for the action
Correct Answer: A,B,F 🗳️
An organisation owned by its customers, generally not-for-profit and in the private sector, is commonly known as which one of the following?
- A. Partnership
- B. Mutual organisation
- C. Sole trader
- D. Charity
Correct Answer: D 🗳️
An individual works for Organisation A. They are responsible for collating financial information from all the local County primary schools in order to report budgetary requirements for the next financial year.
An individual works for Organisation B. They are responsible for collating financial information from all the local charity shops in order to report donation items and items sold.
An individual works for Organisation C. They are responsible for counting and recording raw materials stock, work in progress and finished goods stock on a monthly basis for the managers to report on rates of stock wastage and pilferage at the monthly board meeting.
For each of the organisations above, match them with the relevant sector below.
Correct Answer:
Company Q has several layers of management. The Chief Executive Officer (CEO) wishes to remove some of these layers to streamline the organisation and increase efficiencies. The initial plan is for third party contractors to take over support activities. What change in the organisation is the CEO making?
- A. Horizontal expansion
- B. Alliance agreement
- C. Outsourcing
- D. Vertical expansion
Correct Answer: C 🗳️
Having the right assets and making the best use of them is crucial if an organisation is to achieve its strategies on a sustainable basis. Which of the following best describes the row of the finance function in relation to an organisation's assets?
- A. Setting asset lifetimes that are in keeping with shareholders' requirements.
- B. Deciding on which new machinery to buy for the production facility.
- C. Collating and providing information to enable efficient asset management
- D. Ensuring that assets are used to their optimum capacity on an on-going basis.
Correct Answer: C 🗳️
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