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CIMA E1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Role of the Finance Function | 20% | - Stewardship, governance and ethics - Decision support and business partnering - Evolution of the finance function - Purpose and value creation |
| Technology in a Digital World | 20% | - Digital transformation and adoption - Impact of technology on finance processes - Emerging technologies and risks - Digital technologies: cloud, AI, automation, analytics |
| Shape and Structure of the Finance Function | 20% | - Roles, skills and competencies - Organisational structures and models - Centralised vs decentralised finance - Shared services and outsourcing |
| Finance Interacting with the Organisation | 20% | - Communication and influencing skills - Relationship with operations, sales and HR - Cross-functional collaboration - Supporting functional and strategic goals |
| Data and Information in a Digital World | 20% | - Security, privacy and compliance - Data analysis and interpretation - Information systems and reporting - Data characteristics, quality and governance |
CIMA Managing Finance in a Digital World Sample Questions:
Question 1
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 legality of the action
B. The government policy
C. The consequences of the action
D. The motivation for the action
E. The organisational policy
F. The key values associated with the action
Question 2
You need to select potential candidates for the role of an office manager in a very busy office. An assessment centre has been organised to overcome the shortcomings associated with other selection techniques. Which of the following activities would be most suitable to assess candidates for the role of Office Manager?
A. A presentation
B. Self-appraisal
C. A speech
D. In-tray exercises
Question 3
The finance function of IKR currently work on a quarterly reporting cycle to the board of directors Data is collated and presented to the relevant departments and business units for decision making purposes This often results in questions from the various functional department heads.
Which of the following is the next step in the information to impact framework?
A. Applying for impact
B. Analysing for insights
C. Advising to influence
D. Assembling information
Question 4
Which of the following is NOT a key feature of total quality management (TQM)?
A. Costs for failure are reduced
B. A staff appraisal system is used
C. All value chain participants are involved
D. Management is committed to improvement
Question 5
T Company has recently appointed J as Chief Data Officer
One of the responsibilities of the appointment is to ensure compliance with the General Data Protection Regulations (GDPR) in force in the jurisdiction J's first action was to carry out an internal audit of GDPR compliance Which THREE of the following audit findings are indicators that T Company is compliant with GDPR''
A. Customers are given the option of unsubscribing from marketing emails
B. Personal data is kept on a secure server, protected by a firewall
C. Most of the staff were fully aware of their data protection responsibilities.
D. Customer data is deleted when no longer required.
E. 98% of customer records were found to be accurate and up to date.
Solutions:
| Question 1 Answer: C,D,F | Question 2 Answer: D | Question 3 Answer: C | Question 4 Answer: B | Question 5 Answer: B,D,E |
