Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: ecus65

CIMA E1 - Managing Finance in a Digital World

Page: 10 / 10
Total 336 questions

Shortly after starting his new role within R, Q begins to suspect that the training opportunities he was offered at interview are unlikely to materialise. Upon discussing his concerns with his manager, Q is made to feel as though his expectations regarding training opportunities were unrealistic as everything included within his employment contract had been honoured. Which of the following applies to the above situation?

A.

Breach of employment contract

B.

Misunderstanding of the job description

C.

Breach of psychological contract

D.

Recruitment into the wrong role

Which of the following scenarios is an example of independence within the role of the finance function?

A.

Financial accountant updates the directors details in the statutory accounts based on the updates provided by the Company Secretary

B.

Financial accountant includes the corporation tax provision in the statutory accounts as calculated by the treasury department

C.

Management accountant chooses to apply depreciation rates based on known replacement date of assets, rather than following accounting standards.

D.

Management accountant prepares variance reports based on comparing actual financial data with budgeted expectations.

Stephanie has just secured a job as a management accountant for a well-known banking firm. She needs to understand the organisation's financial position.

What should she do first in order to gain this understanding?

A.

Record the organisation's transactions in the books of prime entry.

B.

Inform the tax authorities of the organisation's revenues.

C.

Total all the day books and enter them into ledgers.

D.

Submit the company's accounts to the IFRS.

Which of the following best defines Business Process Re-engineering (BPR)?

A.

BPR involves fundamental changes in the way the organisation operates.

B.

BPR is the continuous examination and improvement of processes.

C.

BPR is based on the idea that 80% of an outcome is dependant on only 20% of the inputs.

D.

The main aim of BPR is to save costs.

Clear career progression is an advantage of which type of organisational structure? 

A.

Functional

B.

Matrix

C.

Project based

D.

Multi-divisional

The finance function has an important role in the management of performance and the achievement of the organization’s plans and budgets.

Which of the key roles of the finance function does this best describe?

A.

Narrates

B.

Shapes

C.

Reports

D.

Enables

A company offers life coaching and self-improvement training. As part of its promotion strategy, the company sends out free, heavily branded, daily motivational emails to all of its subscribers. It actively encourages its subscribers to forward its emails on to other contacts, provided the emails are not changed in any way. Which of the following marketing strategies is described above?

A.

Experiential marketing

B.

Guerilla marketing

C.

Viral marketing

D.

E-marketing

Karl runs a factory. He wants his employs to feel that their role in the company has meaning.

Which of the following would help to make his employees feel this way?

A.

Ensure that all employees have a variety of jobs to do.

B.

Ensure each task has a clear identity, with it being made clear how that task fits into the overall operation.

C.

Ensure each task is significant in some way.

D.

Ensure each employee has a degree of independence and flexibility.

E.

Ensure employees can see the results of their work.

Level one of the contemporary shape of the finance function involves strategic leadership of the finance team. The head of the finance function is.

A.

The Finance Treasurer

B.

The Chief Executive Officer

C.

The Financial Accountant

D.

The Chief Financial Officer

XYZ company is a large public limited company, registered in the UK and required to be externally audited Who is responsible for appointing the external auditors?

A.

Executive directors

B.

Non-executive directors

C.

Shareholders

D.

Board of directors