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CIMA E1 - Managing Finance in a Digital World

Page: 2 / 10
Total 336 questions

The Finance function of XZY company, which is based in the UK. are planning how they can minimise the corporation tax costs

Which of the following is correct?

A.

Tax avoidance aims to reduce the amount of tax payable and is legal

B.

Tax avoidance aims to reduce the amount of tax payable and is illegal

C.

Tax avoidance operates within the spirit of the law.

D.

Tax avoidance is the same as tax mitigation

M has a new job working in the finance function of HKF. a chain of hotels. At M's interview, new job working in the finance function of HKF. a chain of hotels emphasis on connecting the different activities in the organisation.

Which of the following is an example of connecting the different activities in an organisation'?

A.

Collecting data from recruitment agencies who supply temporary staff to HKF hotels.

B.

Producing time charts of how finance staff spend their time on different tasks.

C.

Cleaning the data that is produced with regard to room occupation and food and drink.

D.

Providing budgets and reports to the managers of the hotel restaurants

At which stage of a systems development lifecycle is systems architecture considered?

A.

Systems design

B.

Feasibility

C.

Implementation

D.

 System review

When implementing a new IT system and according to the theory of Kotter, Schlesinger and Sache, which of the following is a benefit of using participation as a way of overcoming resistance to change?

A.

Involving user expertise will encourage commitment.

B.

Compromise will overcome resistance.

C.

Conflict is dealt with in an orderly fashion.

D.

Understanding the benefits will lead to acceptance.

Which of the following is NOT an element of the system development life cycle?

A.

Review

B.

Planning

C.

Analysis

D.

Implementation

There are various roles within the finance and accounting function. A trainee accountant first joining the profession can take some time learning the different aspects of each before making a decision on specialising in any particular direction.

Below are different components of the finance function. Match these with the examples of responsibilities listed.

Which THREE of the following suggest an integrative approach to organisational purchasing according to Reck and Long?

A.

Purchasing managers are involved in strategy development.

B.

Competitive strategies rely on the effectiveness of organisational purchasing.

C.

Suppliers are viewed as vital partners.

D.

Supply is obtained at the best price once requested by departments.

E.

Timely information about product prices and availability can be obtained through organisational systems.

F.

Efficiency is at least equal to other organisational operations such as payroll and invoicing.

AcrossThePond is a ferry company that has just slashed their prices for trips scheduled to Europe between August and November - they are now almost half as cheap!

Why would AcrossThePond do this?

Select ALL that apply.

A.

So that they can increase demand to match supply.

B.

So that they can fully utilise their production capacity.

C.

So that they can increase consumer awareness of their summer services.

D.

So that they can can better manage their supply.

E.

To increase their revenues.

Assessment centres can use a range of techniques to assess an applicant's competencies against pre-set criteria. Which document would set out the competencies required for them to compare against?

A.

Person Specification

B.

Job description

C.

Application forms

D.

Appraisal documentation

Information systems outsourcing involves purchasing the services required to perform business functions from outside the organisation.

Which of the following is an advantage to the organisation of outsourcing activities?

A.

Dependancy on supplier

B.

Long-term contracts

C.

Internal IT experts

D.

Cost control