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CIMA E1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Finance Interacting with the Organisation | 20% | - Communication and influencing skills - Cross-functional collaboration - Relationship with operations, sales and HR - Supporting functional and strategic goals |
| Topic 2: Data and Information in a Digital World | 20% | - Information systems and reporting - Data characteristics, quality and governance - Data analysis and interpretation - Security, privacy and compliance |
| Topic 3: Shape and Structure of the Finance Function | 20% | - Shared services and outsourcing - Centralised vs decentralised finance - Roles, skills and competencies - Organisational structures and models |
| Topic 4: Technology in a Digital World | 20% | - Digital technologies: cloud, AI, automation, analytics - Impact of technology on finance processes - Digital transformation and adoption - Emerging technologies and risks |
| Topic 5: Role of the Finance Function | 20% | - Stewardship, governance and ethics - Decision support and business partnering - Evolution of the finance function - Purpose and value creation |
CIMA Managing Finance in a Digital World Sample Questions:
1. The finance function of Company E are considering using blockchain technology for its ledger systems Which of the following will be an advantage of introducing this technology?
A) It will be easy to understand and work with.
B) Transactions are recorded by a sole participant
C) Records can be easily changed and amended
D) Costs of maintaining and reconciling ledgers can be reduced
2. Which TWO of the following relate to corporate social responsibility (CSR) rather than corporate governance?
A) Safeguarding against decision making being dominated by one person
B) Achievment of high levels of degradable packaging
C) Independently determined remuneration based on clear criteria
D) Strong accountability through a board of directors
E) Eliminating discrimination in company advertising
3. Which area of a Finance Manager's job role do the following tasks fit into?
Place the appropriate role against the task.
4. There are various roles within the finance and accounting function. A trainee accountant first joining the profession can take some time learning the different aspects of each before making a decision on specialising in any particular direction.
Below are different components of the finance function. Match these with the examples of responsibilities listed.
5. 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.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B,E | Question # 3 Answer: Only visible for members | Question # 4 Answer: Only visible for members | Question # 5 Answer: Only visible for members |
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