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 | Weight | Objectives |
|---|---|---|
| Topic 1: Data and Information in a Digital World | 20% | - Information systems and reporting - Data characteristics, quality and governance - Security, privacy and compliance - Data analysis and interpretation |
| Topic 2: Finance Interacting with the Organisation | 20% | - Relationship with operations, sales and HR - Supporting functional and strategic goals - Communication and influencing skills - Cross-functional collaboration |
| Topic 3: Technology in a Digital World | 20% | - Impact of technology on finance processes - Emerging technologies and risks - Digital transformation and adoption - Digital technologies: cloud, AI, automation, analytics |
| Topic 4: Role of the Finance Function | 20% | - Stewardship, governance and ethics - Purpose and value creation - Decision support and business partnering - Evolution of the finance function |
| Topic 5: Shape and Structure of the Finance Function | 20% | - Roles, skills and competencies - Organisational structures and models - Centralised vs decentralised finance - Shared services and outsourcing |
CIMA Managing Finance in a Digital World Sample Questions:
Digital interactive marketing does NOT involve the use of which of the following?
- A. Social media
- B. Radio commercials
- C. Mobile phones
- D. Emails
A company is charging a high price for a product to individuals who are prepared to pay a premium for a new, innovative product Whilst doing this they are facing high marketing costs Which stage of the product lifecycle is this product at?
- A. Maturity
- B. Introduction
- C. Growth
- D. Shakeout
Which of the following is an example of sustainability impacting operations management?
- A. A company only buys printer paper that has been recycled
- B. A company has a whistle-blowing policy
- C. A company keeps profits within the business for future investment
- D. A company sells goods to developing nations
Data profiling forms an essential element of the extraction transformation and loading process. Which of the following best describes data profiling?
- A. Storing data in a systematic and logical way ready for further interrogation.
- B. The process of harvesting data from source databases and locations
- C. Examining the data to understand its content formats and structure.
- D. Data being processed into the destination database ready for use
YKF is a manufacturer of candles with world-wide operations.
The finance department within YKF has recently adopted the use of accounting systems that are hosted and operated by an external provider, instead of being in-house.
The technology allows different users to access elements of the accounting software, regardless of location, through either an internet browser or an app on their mobile device What technology has YKF adopted to make its accounting software more flexible?
- A. Blockchain
- B. Cloud computing
- C. Internet of things
- D. Data Analytics
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