E1 CIMA Managing Finance in a Digital World exact Exam Questions

Managing Finance in a Digital World

Last Update 12 hours ago Total Questions : 336

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Question # 31

Which of the following best outlines the shift to higher level ' skills anticipated to be fundamental to future accountants ' ?

The ability to collect and process data

The ability to balance ledger accounts

The ability to produce an extended trial balance

The ability to evaluate data sources.

Question # 32

Company Q is a relatively small company but expanding quickly. In this period of rapid growth it feels that now is the time to add a Human Resource presence and support, but does not wish to add a permanent department within the organisational structure. What is the best option for Company Q?

Virtual Human Resource department

Project based Human Resource department

Networked Human Resource department

In-house Human Resource department

Question # 33

Place the following categories typically found in a ' person specification ' next to each job holder ' s requirements.

Question # 34

Simone is a management accountant at a jewellers called ShinyShiny. She is currently conducting operational reporting for them.

Which of the following will Simone not discover during her operational reporting?

Select ALL that apply.

That ShinyShiny isn ' t able to pay back its loans.

That ShinyShiny ' s processes need to be improved.

That the level of sales in one shop are higher than another.

That the gold bangles sell better than the silver bangles.

That more men than women seem to be buying their products.

Question # 35

Running shoe manufacturer Bo Joggs have a long established method to ensure their product is right first time. The aim is to reduce the amount of quality checking. Internal processes and procedures are closely

monitored so that the running shoes are of the highest standard before going to market.

What are Bo joggs likely to do to ensure this quality is maintained?

Select ALL that apply.

Use the highest quality fabric.

Employ skilled shoemakers.

Train staff.

Have the best quality shoe-making machinery.

Use a Kaizen method of production.

Adopt the Pa re to rule.

Question # 36

The finance function of Company E are considering using blockchain technology for its ledger systems Which of the following will be an advantage of introducing this technology?

Costs of maintaining and reconciling ledgers can be reduced

Transactions are recorded by a sole participant

It will be easy to understand and work with.

Records can be easily changed and amended

Question # 37

T Company has recently appointed J as Chief Data Officer

One of the responsibilities of the appointment is to ensure compliance with the General Data Protection Regulations (GDPR) in force in the jurisdiction

J ' s first action was to carry out an internal audit of GDPR compliance

Which THREE of the following audit findings are indicators that T Company is compliant with GDPR ' '

Customers are given the option of unsubscribing from marketing emails

Customer data is deleted when no longer required.

Personal data is kept on a secure server, protected by a firewall

Most of the staff were fully aware of their data protection responsibilities.

98% of customer records were found to be accurate and up to date.

Question # 38

Arrange the stages of the product life-cycle in the correct order.