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CIMA E1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Role of the Finance Function | 20% | - Evolution of the finance function - Stewardship, governance and ethics - Decision support and business partnering - Purpose and value creation |
| Shape and Structure of the Finance Function | 20% | - Organisational structures and models - Centralised vs decentralised finance - Shared services and outsourcing - Roles, skills and competencies |
| Finance Interacting with the Organisation | 20% | - Communication and influencing skills - Relationship with operations, sales and HR - Cross-functional collaboration - Supporting functional and strategic goals |
| Data and Information in a Digital World | 20% | - Information systems and reporting - Data analysis and interpretation - Data characteristics, quality and governance - Security, privacy and compliance |
| Technology in a Digital World | 20% | - Emerging technologies and risks - Impact of technology on finance processes - Digital transformation and adoption - Digital technologies: cloud, AI, automation, analytics |
CIMA Managing Finance in a Digital World Sample Questions:
1. It can be said that ethics is a set of moral principles underpinning the concept of right and wrong. Whether an action is actually right or wrong depends on which of the following?
Select ALL that apply.
A) The government policy
B) The legality of the action
C) The organisational policy
D) The motivation for the action
E) The consequences of the action
F) The key values associated with the action
2. Which of the following is associated with the control aspect of the finance function?
A) Investment decisions
B) Pricing decisions
C) Amendment of original budgets
D) Strategy formulation
3. AB Company is planning to produce a new product which will require an extra shift to be worked in its factory, and needs to know if the sales expected will cover the extra cost of manufacture. Which of the following financial processes will be used to calculate this?
A) Investment appraisal
B) Break even analysis
C) Key factor analysis
D) Pricing analysis
4. During the past six months NVT has been undergoing a study, as part of a rationalisation programme to review the profitability of each of its retail stores.
As a result, 30 stores have been identified for closure T with a further 50 stores selected to receive an investment of funds in order to remain profitable going forward. Throughout this process NVTs finance function has worked alongside others in the organisation providing advice and guidance.
Which TWO of the following areas has the finance function most likely been involved with as part of the review?
A) Financial planning and analysis
B) Project Management
C) Taxation
D) Project Appraisal
E) Management accounting
5. Which of the following best describes a virtual team formed by individuals from different companies to achieve a common aim?
A) Matrix-structure organisation
B) Functional
C) Extended supply chain
D) Inter-organisation
Solutions:
| Question # 1 Answer: D,E,F | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A,D | Question # 5 Answer: D |




