• Exam Code: E1
  • Exam Name: Managing Finance in a Digital World
  • Certification Provider: CIMA
  • Corresponding Certification:CIMA Certification
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CIMA E1 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Data and Information in a Digital World20%- Data-driven decision making
  • 1. Data collection and management
  • 2. Information quality and ethics
  • 3. Data visualization and reporting
Topic 2: Role of the Finance Function30%- Purpose and activities of the finance function
  • 1. Impact of digital technologies on finance
  • 2. Finance business partnering
  • 3. Role of finance within organizations
Topic 3: Shape and Structure of the Finance Function20%- Finance operating models
  • 1. Governance, risk and control
  • 2. Organizational structures
  • 3. Shared services and outsourcing
Topic 4: Technology in a Digital World30%- Digital technologies and data
  • 1. Cloud computing and automation
  • 2. Artificial intelligence and analytics
  • 3. Data lifecycle and governance
  • 4. Cybersecurity fundamentals

CIMA Managing Finance in a Digital World Sample Questions:

1. Cyber and physical systems becoming increasingly autonomous is part of which characteristic of the 4th industrial revolution?

A) Machine-led manufacturing
B) Artificial intelligence
C) Employment
D) Fusion


2. A high volume operation is likely to be characterised by which of the following?

A) High cost inputs
B) High capital intensity
C) High labour flexibility
D) High labour pay rates


3. AB Company is considering a recruitment campaign to provide extra senior marketing staff for a new product launch. AB produces specialist industrial cleaning products and has a well developed marketing function. Which of the following will be an effective alternative to a recruitment campaign?

A) Secondment of staff from other departments
B) Promotion of existing staff in the department
C) Use of agency staff
D) Job rotation within the organisation


4. Which of the following technologies is described as a decentralised, distributed and public digital ledger that is used to record transactions across many computers?

A) Big Data
B) Data analytics
C) Blockchain
D) Cloud Computing


5. Which TWO of the following tasks is associated with a Finance Department's Management Accounting section?

A) Dealing with tax administration
B) Providing management with decision making information
C) Corporate governance compliance within the organisation
D) Preparing investment appraisals
E) Arranging for the financing of plans made
F) Verifying systems of control


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: B
Question # 4
Answer: C
Question # 5
Answer: B,D

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