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CIMA E1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Role of the Finance Function | 20% | - Purpose and value creation - Evolution of the finance function - Stewardship, governance and ethics - Decision support and business partnering |
| Topic 2: Shape and Structure of the Finance Function | 20% | - Organisational structures and models - Centralised vs decentralised finance - Roles, skills and competencies - Shared services and outsourcing |
| Topic 3: Finance Interacting with the Organisation | 20% | - Communication and influencing skills - Supporting functional and strategic goals - Relationship with operations, sales and HR - Cross-functional collaboration |
| Topic 4: Technology in a Digital World | 20% | - Digital transformation and adoption - Digital technologies: cloud, AI, automation, analytics - Impact of technology on finance processes - Emerging technologies and risks |
| Topic 5: Data and Information in a Digital World | 20% | - Information systems and reporting - Security, privacy and compliance - Data analysis and interpretation - Data characteristics, quality and governance |
CIMA Managing Finance in a Digital World Sample Questions:
Question 1
With the use of increasingly sophisticated systems and improved communications, the focus of the accountant's role has changed in recent years to which of the following?
A. Variance reporting
B. Treasury management
C. Business support
D. Statutory reporting
Question 2
Simone is a management accountant at a jewellers called ShinyShiny. She is currently conducting operational reporting for them.
Which of the following will Simone not discover during her operational reporting?
Select ALL that apply.
A. That ShinyShiny isn't able to pay back its loans.
B. That ShinyShiny's processes need to be improved.
C. That more men than women seem to be buying their products.
D. That the gold bangles sell better than the silver bangles.
E. That the level of sales in one shop are higher than another.
Question 3
When implementing a new IT system and according to the theory of Kotter, Schlesinger and Sache, which of the following is a benefit of using participation as a way of overcoming resistance to change?
A. Involving user expertise will encourage commitment.
B. Compromise will overcome resistance.
C. Understanding the benefits will lead to acceptance.
D. Conflict is dealt with in an orderly fashion.
Question 4
According to Ansoff, which of the following marketing strategies should be adopted when introducing an existing product to a new market?
A. Product development
B. Market development
C. Market penetration
D. Diversification
Question 5
The following statements are from which section of the UK Combined Code?
1:The board should disclose a balanced and understandable assessment of the company's position and prospects in the financial reports.
2:The board should maintain an appropriate relationship with the company's external auditor.
A. Shareholder relations
B. Effectiveness
C. Accountability
D. Remuneration
E. Leadership
Solutions:
| Question 1 Answer: C | Question 2 Answer: A,B | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: C |
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