CIMA E1 Mock Exams

E1 Mock Exams +

E1 Mock Exams (2019) + Package

CIMA Mock Exam + option, 3 Mocks, 180 Exam Style Questions, Revision and Exam Mode, Detailed Feedback on every question with suggested reading where possible plus much more.

CIMA E1 has five key themes the first theme is: Role of the finance function
Explain the roles of the finance function in organisations.
Enables organisations to create and preserve value
The fast-changing and unpredictable contexts in which organisations operate
Shapes how organisations create and preserve value
Enabling value creation through planning, forecasting and resource allocation
Narrates how organisations create and preserve value
Shaping value creation through performance management and control
Narrating the value creation story through corporate reporting
The role of ethics in the role of the finance function
Describe the activities that finance professionals perform to fulfil the roles.
Collates data to prepare information about organisations
How data is collected, cleaned and connected by finance
Provides insight to users by analysing information
Types of analysis to produce insights
Communicates insight to influence users
How finance communicates to influence key stakeholders (audiences, frequency, format, etc.)
Supports the implementation of decisions to achieve the desired impact
How finance uses resource allocation and performance management to enable organisations to achieve their objectives
Connects the different activities connect to each other
Potential impact of technology
The second theme of CIMA E1 is: Technology in a digital world
Outline and explain the technologies that affect business and finance.
Outline the key features of the fourth industrial revolution.
Characteristics and dynamics of the fourth industrial revolution
Outline and explain the key technologies that define and drive the digital world.
Cloud computing
Big data analytics
Process automation
Artificial intelligence
Data visualisation
Internet of things
Examine how the finance function uses digital technologies to fulfil its roles.
Digital technology
How finance uses technologies listed above
Digital mindsets
Areas of finance susceptible to automation and why
Automation and the future of work
New areas for finance to focus on
Ethics of technology usage
Digital mindsets for finance
Ethics of the use of technology
Followed but he third key theme of: Data and information in a digital world
Describe the ways in which data is used by the finance function.
In a general sense
Specifically in each of the primary activities of finance
Understanding the customer
Developing customer value proposition
Enhancing operational efficiency
Monetising data
Ethics of data usage
Explain the competencies required to use data to create and preserve value for organisations.
Data strategy and planning
Assessment of data needs
Data engineering, extraction and mining
Extraction, transformation and loading (ETL) systems
Data modelling, manipulation and analysis
Big data analytics
Data and insight communication
Data visualisation
The fourth key theme is: Shape and structure of the finance function
Describe the structure and shape of the finance function.
Evolution of the shape of the finance function
Structure of the finance function from the roles that generate information to the roles that turn information into insight and communicate insight to decision-makers
Shape of the finance function in the digital era
Hierarchical shape of finance function
Shared services and outsourcing of finance operations
Retained finance
Automation and diamond shape of finance function
Explain what each level of the finance function does.
Finance operations
Specialist areas including financial reporting and financial planning and analysis (FP&A)
Finance operations to generate information and preliminary insight
Strategic partnering for value
FP&A, taxation, corporate reporting, decision support to produce insight
Strategic leadership of the finance team
Business partnering to influence organisation to make appropriate decisions
Leading the finance team to create the required impact for the organisation
The final and fifth key theme is: Finance interacting with the organisation
Describe how the finance function interacts with operations.
Main role of operations
Process management
Areas of interface with finance
Product and service management
Key performance indicators
Supply chain management
Describe how the finance function interacts with sales and marketing
Main role of sales and marketing
Market segmentation
Areas of interface with finance
Big data analytics in marketing
Key performance indicators
Channel management
Sales forecasting and management
Describe how the finance function interacts with human resources.
Main role of human resources
Staff acquisition
Areas of interface with finance
Staff development
Key performance indicators
Performance management
Motivation and reward systems
Describe how the finance function interacts with IT.
Main role of IT
IT infrastructure
Areas of interface with finance
IT systems support
Key performance indicators
Costs and benefits of IT systems

CIMA E1 Mock Exams


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