Pass Exam Questions Efficiently With E1 Questions (2024)
E1 Questions - Truly Beneficial For Your CIMA Exam
CIMA E1 (Managing Finance in a Digital World) Certification Exam is an important step for anyone who wants to become a qualified management accountant. E1 exam covers a wide range of topics related to managing finance in a digital world, and passing it is a prerequisite for taking the next two exams in the CIMA Professional Qualification. The CIMA E1 Exam is a computer-based exam that can be taken at any of the CIMA exam centers located worldwide.
CIMA E1 certification exam is designed to test the knowledge and skills of professionals in the field of finance and accounting. E1 exam focuses on managing finance in a digital world, which is becoming increasingly important as businesses adopt new technologies and ways of working. E1 exam covers topics such as financial management, risk management, and financial analysis, which are essential for any finance professional.
NEW QUESTION # 55
C Company is a manufacturer of components for the electronics industry. Although enjoying healthy returns in the past, results for the last two years have shown a decline in profit. G has been brought in as the new Operations Manager. In her previous role, she was responsible for turning around a struggling organisation by using process mapping tools and she feels that this approach could also benefit her new company. Which of the following is NOT a feature of process mapping?
- A. Measure how efficiently the process is working
- B. Develop new improved processes to reduce or eliminate inefficiency
- C. Identify the most suitable supplier of raw materials
- D. Establish what is currently happening and why
Answer: C
NEW QUESTION # 56
Which area of a Finance Manager's job role do the following tasks fit into?
Place the appropriate role against the task.
Answer:
Explanation:
NEW QUESTION # 57
Kolb's learning cycle suggests that learning is a series of steps based on learning from experience.
Match the various stages of the cycle with the correct description.
Answer:
Explanation:
NEW QUESTION # 58
One of the key corporate governance factors within an organisation is that of responsible planning and management of resources. This is often referred to as stewardship. Whilst this is the responsibility of all directors, financial resources are overseen by the financial director. The finance department, under the direction of the financial director, issues weekly staff performance reports to line managers and department heads, annual statistical information to local government departments and quarterly high level results statements to shareholders. Why is stewardship such an important responsibility of company directors and the finance function?
- A. It is the interest of all stakeholders
- B. It is the interest of the employees
- C. It is the interest of all shareholders
- D. It is the interest of the government
Answer: A
NEW QUESTION # 59
Place the following categories typically found in a 'person specification' next to each job holder's requirements.
Answer:
Explanation:
NEW QUESTION # 60
Information relating to production, accounting records and payroll are most likely to be used by which of the following stakeholders?
- A. Key stakeholders
- B. Connected stakeholders
- C. External stakeholders
- D. Internal stakeholders
Answer: D
NEW QUESTION # 61
R works in the finance function of TX Company, a large multinational vehicle manufacturer.
Most of R's work involves shaping how the company creates and preserves value by using effective controls.
Which of the following activities is R most likely to be involved with?
- A. Budgeting
- B. Sales forecasting
- C. Variance analysis
- D. Reviewing customer satisfaction
Answer: C
NEW QUESTION # 62
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. Shapes
- B. Reports
- C. Enables
- D. Narrates
Answer: A
NEW QUESTION # 63
F manages a portfolio of clients, as do his colleagues. All income that is earned by them is pooled to cover costs and overheads and any remaining profits are split according to an agreed formul a. F and his colleagues have joint and several liability in relation to the work they carry out on the organisation's behalf. Which of the organisation types listed below best describes the organisation that F works for?
- A. Company
- B. Multinational
- C. Partnership
- D. Sole-trader
Answer: C
NEW QUESTION # 64
N is working on a project management team for the first time and is aware that there are distinct stages that follow on consecutively in the project management process However, N is unsure of the exact order of these stages Which of the following indicate the project management stages in the correct order?
- A. Initiation, planning, executing, controlling, review and close.
- B. Planning initiation, executing, controlling, review and close
- C. Planning, initiation, controlling, executing, review and close
- D. Initiation. planning, controlling, executing, review and close
Answer: A
NEW QUESTION # 65
Which of the following is a cost of information?
- A. Improving marketing strategies
- B. Improving pricing strategies
- C. Improving product design
- D. Improving system design
Answer: D
NEW QUESTION # 66
Company P has revised its corporate and marketing objectives following a recent expansion in the primary market within which it operates. The next step is to devise an appropriate marketing strategy. Company P has conducted primary and secondary market research and this information is in the process of being analysed to establish the needs of the subjects. At which stage of the marketing strategy process is Company P?
- A. Segmentation
- B. Marketing mix
- C. Positioning
- D. Targeting
Answer: A
NEW QUESTION # 67
Which of the following gives the correct combination of valid stages in the HR cycle?
- A. Selection, performance, appraisal, rewards, training and development
- B. Selection, culture, recruitment, induction rewards, budgets
- C. Selection, performance, culture, appraisal, rewards, training and development
- D. Recruitment, selection, induction, rewards, budgets
Answer: A
NEW QUESTION # 68
Finance business partners are seen as leaders that can influence the decisions that businesses make. Which of the following best describes their role in this process?
- A. Providing preliminary insight
- B. Generating information
- C. Executing strategies set by the CEO
- D. Maximising value
Answer: D
NEW QUESTION # 69
An entity has several subsidiaries including F, which has an urgent staffing issue. The Financial Controller of F is due to start her maternity leave in 3 weeks time and there is currently a recruitment freeze in place to curtail employment costs. Human Resources needs to resolve the issue of covering the Financial Controller's position on a temporary basis. Which TWO of the options below will be suitable in these circumstances?
- A. Job rotation
- B. Secondment
- C. Internal promotion
- D. Job enlargement
- E. Early retirement
Answer: B,D
NEW QUESTION # 70
Vladimir is the managing director of a IT repair business called Screenhax. The company has been operating for 10 years and has around 60 members of staff.
Donald, one of Vladimir employees, committed the act of 'skimming".
What did Donald do?
- A. Donald was responsible for paying all employees at Screenhax. He took advantage of this responsibility by creating a fictitious person and directing money to their account.
- B. Donald repaired a customer's broken computer but did not register the job through the computer system.
He then pocketed the cosh. - C. Donald borrowed the Screenhax repair van and used it for his own personal commitments without the consent from Vladimir.
- D. Donald stole IT equipment from the shop.
- E. Donald's wife had a problem with her computer, so he stole one of the shop's refurbished computers and gave it to her to use.
Answer: B
NEW QUESTION # 71
Data science is increasingly important in the production of business focused data It consists mainly of experts with backgrounds in mathematics, programming and computer science Which of the following best describes the attributes of a data scientist?
- A. Individuals who act as an interface between the business functions and data specialists
- B. individuals with the ability to extract meaning from and interpret data from statistics and machine learning.
- C. Individuals who can affect or be affected by the organisations actions
- D. Individuals who flag inefficiencies in the system and potentially suggest improvements and test solutions.
Answer: B
NEW QUESTION # 72
Which of the following organisational approaches is associated with the consistent delivery of a product or service?
- A. ISO 9000
- B. JIT (just in time)
- C. Kaizen
- D. Lean
Answer: A
NEW QUESTION # 73
System changeover has four approaches, each of which vanes in terms of risk. cost and time.
Select the most suitable approach for when there is a need to minimise costs and time.
- A. Direct changeover
- B. Pilot operation
- C. Parallel running
- D. Phased changeover
Answer: A
NEW QUESTION # 74
An individual works for Organisation A.
They are responsible for collating financial information from all the local County primary schools in order to report budgetary requirements for the next financial year.
An individual works for Organisation B.
They are responsible for collating financial information from all the local charity shops in order to report donation items and items sold.
An individual works for Organisation C.
They are responsible for counting and recording raw materials stock, work in progress and finished goods stock on a monthly basis for the managers to report on rates of stock wastage and pilferage at the monthly board meeting.
For each of the organisations above, match them with the relevant sector below.
Answer:
Explanation:
NEW QUESTION # 75
Which of the following best outlines the shift to higher level' skills anticipated to be fundamental to future accountants'?
- A. The ability to produce an extended trial balance
- B. The ability to collect and process data
- C. The ability to balance ledger accounts
- D. The ability to evaluate data sources.
Answer: B
NEW QUESTION # 76
A company sells double glazed windows. It has traditionally adopted a sales orientation and used aggressive direct selling techniques. As part of a new initiative, it is exploring its options to update its business philosophy.
Which of the following would be the most effective orientation for this business?
- A. Production orientation
- B. Product orientation
- C. Selling orientation
- D. Marketing orientation
Answer: D
NEW QUESTION # 77
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