CIMA E1 Mock Exams
£10
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 | |||
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Explain the roles of the finance function in organisations.
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Enables organisations to create and preserve value
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The fast-changing and unpredictable contexts in which organisations operate
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Shapes how organisations create and preserve value
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Enabling value creation through planning, forecasting and resource allocation
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Narrates how organisations create and preserve value
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Shaping value creation through performance management and control
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Narrating the value creation story through corporate reporting
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The role of ethics in the role of the finance function
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Describe the activities that finance professionals perform to fulfil the roles.
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Collates data to prepare information about organisations
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How data is collected, cleaned and connected by finance
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Provides insight to users by analysing information
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Types of analysis to produce insights
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Communicates insight to influence users
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How finance communicates to influence key stakeholders (audiences, frequency, format, etc.)
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| 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
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Connects the different activities connect to each other
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Potential impact of technology
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The second theme of CIMA E1 is: Technology in a digital world
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Outline and explain the technologies that affect business and finance.
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Outline the key features of the fourth industrial revolution.
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Characteristics and dynamics of the fourth industrial revolution
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Outline and explain the key technologies that define and drive the digital world.
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Cloud computing
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Big data analytics
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Process automation
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Artificial intelligence
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Data visualisation
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Blockchain
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| Internet of things | |||
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Mobile
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3-Dprinting
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Examine how the finance function uses digital technologies to fulfil its roles.
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Digital technology
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How finance uses technologies listed above
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Digital mindsets
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Areas of finance susceptible to automation and why
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Automation and the future of work
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New areas for finance to focus on
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Ethics of technology usage
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Digital mindsets for finance
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Ethics of the use of technology
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Followed but he third key theme of: Data and information in a digital world
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Describe the ways in which data is used by the finance function.
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In a general sense
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Decision-making
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Specifically in each of the primary activities of finance
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Understanding the customer
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Developing customer value proposition
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Enhancing operational efficiency
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Monetising data
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Ethics of data usage
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Explain the competencies required to use data to create and preserve value for organisations.
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Data strategy and planning
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Assessment of data needs
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Data engineering, extraction and mining
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Extraction, transformation and loading (ETL) systems
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Data modelling, manipulation and analysis
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Big data analytics
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Data and insight communication
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Data visualisation
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The fourth key theme is: Shape and structure of the finance function
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Describe the structure and shape of the finance function.
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Evolution of the shape of the finance function
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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
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Shape of the finance function in the digital era
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Hierarchical shape of finance function
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Shared services and outsourcing of finance operations
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Retained finance
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Automation and diamond shape of finance function
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Explain what each level of the finance function does.
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Finance operations
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Specialist areas including financial reporting and financial planning and analysis (FP&A)
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Finance operations to generate information and preliminary insight
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Strategic partnering for value
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FP&A, taxation, corporate reporting, decision support to produce insight
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Strategic leadership of the finance team
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Business partnering to influence organisation to make appropriate decisions
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Leading the finance team to create the required impact for the organisation
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The final and fifth key theme is: Finance interacting with the organisation
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Describe how the finance function interacts with operations.
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Main role of operations
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Process management
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Areas of interface with finance
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Product and service management
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Key performance indicators
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Supply chain management
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Describe how the finance function interacts with sales and marketing
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Main role of sales and marketing
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Market segmentation
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Areas of interface with finance
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Big data analytics in marketing
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Key performance indicators
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Channel management
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Sales forecasting and management
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Describe how the finance function interacts with human resources.
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Main role of human resources
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Staff acquisition
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Areas of interface with finance
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Staff development
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Key performance indicators
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Performance management
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Motivation and reward systems
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Describe how the finance function interacts with IT.
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Main role of IT
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IT infrastructure
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Areas of interface with finance
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IT systems support
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Key performance indicators
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Costs and benefits of IT systems
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CIMA E1 Mock Exams