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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

1. Who is responsible for the strategic leadership of the finance team?

A) Management Accountant
B) Chief Executive Officer
C) Financial Accountant
D) Chief Finance Officer

2. In a new initiative, Company O has been putting a lot of emphasis on internal awareness of Corporate Social Responsibility and creating value for it's stakeholders. A huge part of this has been about focusing on recycling and making departments accountable.
In order to assist with the achievement of goals in this area, a process has been designed to give some structure to measuring value for each department. Each of the process elements are listed below. Place the steps against each of these to indicate the correct sequence.

3. 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) Customer data is deleted when no longer required.
B) Most of the staff were fully aware of their data protection responsibilities.
C) 98% of customer records were found to be accurate and up to date.
D) Personal data is kept on a secure server, protected by a firewall
E) Customers are given the option of unsubscribing from marketing emails

4. AB Company has recently produced a very successful brand of washing powder which has achieved high market growth and a high market share. According to the Boston Consulting Group (BCG) matrix what is the product's next stage of development?

A) Cash cow
B) Dog
C) Question mark
D) Star

5. Which TWO of the following statements are NOT aims of a reward system?

A) To control costs
B) To encourage excessive risk taking
C) To reward poor performance
D) To comply with legislation
E) To ensure consistency and fairness

Solutions: