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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 |
| The Digital World and Business Environment | - Impact of digital technologies on organisations - Digital transformation in finance and business models |
| Information Systems and Technology | - Enterprise systems and financial information systems - Cybersecurity and data governance basics |
| 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 company offers life coaching and self-improvement training. As part of its promotion strategy, the company sends out free, heavily branded, daily motivational emails to all of its subscribers. It actively encourages its subscribers to forward its emails on to other contacts, provided the emails are not changed in any way. Which of the following marketing strategies is described above?
- A. Guerilla marketing
- B. E-marketing
- C. Experiential marketing
- D. Viral marketing
Correct Answer: D 🗳️
In order to understand the potential for conflict over the functioning of a finance department, B organisation's new Chief Financial Officer has prepared a power/interest (Mendelow) matrix. How should the Chief Financial Officer treat groups with high levels of interest but relatively low power when determining the role of the function?
- A. Keep these groups informed
- B. Keep these groups satisfied
- C. Treat these groups as key players
- D. Take minimal effort with these groups
Correct Answer: A 🗳️
The development of a Corporate Digital Responsibility (CDR) strategy is increasingly common in modern business and will include 5 key areas including customer expectation Which of the following best describes customer expectation in this context?
- A. The need for transparency around the use of data and the ability to opt in and be rewarded for sharing data
- B. Using data in a responsible and secure way that is in line with customer and employees expectations.
- C. Ensuring all members of society have the skill, tools and ability to access the online digital world
- D. Sharing data in a benevolent way to help society, this could help inform choices and improve management of information
Correct Answer: B 🗳️
Cyber and physical systems becoming increasingly autonomous is part of which characteristic of the 4th industrial revolution?
- A. Employment
- B. Artificial intelligence
- C. Machine-led manufacturing
- D. Fusion
Correct Answer: D 🗳️
AB Company is currently the sole supplier of raw material to XY Company and has recently increased its prices. This has been highlighted by a raw material price variance in the management reports of XY Company, and in order to correct this the Finance Director has recommended that an alternative cheaper supplier be found as soon as possible. The Purchasing Department has indicated that only AB is able to supply all of the company's requirements and has been doing so reliably to a high quality on a just-in-time (JIT) basis for many years. Finding an alternative will involve purchasing from several unknown suppliers. Which of the following are possible consequences of this decision?
Select ALL that apply.
- A. Product profitability will increase
- B. Inventory levels will increase
- C. Speed of production will increase
- D. Quality will decrease
- E. Manufacturing costs will decrease
- F. Administration costs will decrease
Correct Answer: A,B,D 🗳️
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