• 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:

SectionObjectives
Topic 1: Finance Function in a Digital Environment- Automation and digital finance processes
- Role of finance professionals in digital organisations
Topic 2: Data and Information in Organisations- Data analytics and decision-making support
- Data collection, management, and quality
Topic 3: The Digital World and Business Environment- Digital transformation in finance and business models
- Impact of digital technologies on organisations
Topic 4: Information Systems and Technology- Enterprise systems and financial information systems
- Cybersecurity and data governance basics

CIMA Managing Finance in a Digital World Sample Questions:

Question 1

Which of the following is an advantage of a functional organisational structure?

A. It encourages teamwork and the exchange of opinions and expertise.
B. The owner has a greater level of control over the workforce and all decisions.
C. There is a clear career path for employees to work their way up through.
D. The structure is easily adapted for further diversification.


Question 2

An organisation owned by its customers, generally not-for-profit and in the private sector, is commonly known as which one of the following?

A. Partnership
B. Mutual organisation
C. Charity
D. Sole trader


Question 3

Human Resource Management (HRM) and Personnel are different.
Which of the following is NOT a characteristic of Human Resource Management (HRM)?

A. HRM focuses on facilitation rather than negotiation.
B. HRM views employees as assets.
C. HRM addresses both operational and strategic matters.
D. HRM relies on a modern, transactional approach.


Question 4

Which of the following best describes the 'passive stage' of purchasing?

A. Purchasing is concentrated on price negotiation
B. Purchasing has no strategic direction
C. Purchasing integrates latest practices and technology
D. Purchasing is independent of corporate strategy


Question 5

Company E is renewing the IS within the organisation. This new system will enable all employees to access customer information, orders and credit control status to overcome the lack of integration between departments suffered with the previous system. Managers envisage some resistance to the change and want to try to make the transition as smooth as possible. To achieve this, all employees have been invited to share their ideas of what features the new system should include and how they would like the final interface to work. Which of Kotter, Schlesinger and Sache's methods of dealing with resistance is described above?

A. Participation
B. Negotiation
C. Facilitation
D. Education


Solutions:

Question 1
Answer: C
Question 2
Answer: C
Question 3
Answer: D
Question 4
Answer: B
Question 5
Answer: A

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