E1 Exam Questions - Real & Updated Questions PDF
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CIMA E1 certification is recognized globally and is highly valued by employers. It demonstrates that the holder has the skills and knowledge required to manage finance in a digital world. Managing Finance in a Digital World certification can help finance professionals to advance their careers and increase their earning potential. It is also an excellent way to stay up-to-date with the latest trends and technologies in finance.
Moreover, CIMA E1 is an important exam that supports professionals in their journey of becoming a CIMA qualified accountant or Chartered Global Management Accountant (CGMA). The knowledge acquired from the E1 exam provides a platform to pursue higher-level CIMA exams and attain advanced knowledge in financial management and risk management.
NEW QUESTION # 38
Stephanie has just secured a job as a management accountant for a well-known banking firm. She needs to understand the organisation's financial position.
What should she do first in order to gain this understanding?
- A. Record the organisation's transactions in the books of prime entry.
- B. Total all the day books and enter them into ledgers.
- C. Submit the company's accounts to the IFRS.
- D. Inform the tax authorities of the organisation's revenues.
Answer: A
NEW QUESTION # 39
Which of the following is the component of Hadoop which is responsible for breaking down a task into chunks of work and allocating them?
- A. BigQuery
- B. Data Manipulation Language
- C. MapReduce
- D. Distribute File System
Answer: D
NEW QUESTION # 40
In a new initiative, Company O has been putting a lot of emphasis on internal awareness of Corporate Social Responsibility and creating value for it's stakeholders. A huge part of this has been about focusing on recycling and making departments accountable.
In order to assist with the achievement of goals in this area, a process has been designed to give some structure to measuring value for each department. Each of the process elements are listed below. Place the steps against each of these to indicate the correct sequence.
Answer:
Explanation:
NEW QUESTION # 41
Company S is a busy vehicle part manufacturer specialising in commercial vans and lorries. The company takes as many as nine deliveries of raw materials every day and these items are entered into the electronic inventory system upon arrival. When an item of inventory is taken from stores this is also updated electronically. Which inventory control system would be best utilised within Company S?
- A. ABC inventory system
- B. Continual inventory system
- C. First in, first out system
- D. Periodic inventory system
Answer: B
NEW QUESTION # 42
When considering companies which focus on more than just commercial issues, which TWO of the following would be associated as a key element of a corporate social responsibility (CSR) strategy?
- A. Profitability
- B. Share price
- C. Community
- D. Ethical
- E. Sales volume
Answer: C,D
NEW QUESTION # 43
Which TWO of the following tasks is associated with a Finance Department's Management Accounting section?
- A. Dealing with tax administration
- B. Providing management with decision making information
- C. Verifying systems of control
- D. Corporate governance compliance within the organisation
- E. Arranging for the financing of plans made
- F. Preparing investment appraisals
Answer: B,F
NEW QUESTION # 44
Which of the following can facilitate innovation within an organisation?
Select ALL that apply.
- A. A formal structure
- B. The communications system
- C. A blame culture
- D. The leadership style
Answer: B,D
NEW QUESTION # 45
Company X is a manufacturing company. It is implementing a new IT system within the accounts department.
Which of the following is the most appropriate organisational structure for this project?
- A. Matrix
- B. Divisional
- C. Geographical
- D. Functional
Answer: A
NEW QUESTION # 46
Which of the following is NOT a feature of a knowledge management system specific to a particular organisation?
- A. The intranet
- B. A local area network
- C. A wide area network
- D. The internet
Answer: D
NEW QUESTION # 47
HKD is an online marketing company Its finance function is currently preparing budgets for the coming period.
At which stage of value creation is HKD's finance function currently playing a key role?
- A. Shapes
- B. Narrates
- C. Enables
- D. Dictates
Answer: A
NEW QUESTION # 48
Which of the following statements best describes quantitative information?
- A. Information that is difficult to record and process.
- B. Information that is derived from case studies.
- C. Information that comes from data normally expressed as numbers.
- D. Information that is often in the form of opinions
Answer: C
NEW QUESTION # 49
Which of the following statements best describes data extraction?
- A. Examining the data to understand its content formats and structure.
- B. Storing data in a systematic and logical way ready for further interrogation.
- C. Data being processed into the destination database ready for use.
- D. The process of harvesting data from source databases and locations
Answer: D
NEW QUESTION # 50
Velocity is one of the defining characteristics of Big Data. Which of the following most accurately defines what this means?
- A. The speed of data creation
- B. The volume of the data
- C. The validity of data
- D. The different formats of data
Answer: A
NEW QUESTION # 51
Following scandals such as Enron and legislation such as Sarbannes-Oxley in the US, the emphasis of the finance function of many entities has changed. This has led to which of the following?
Answer:
Explanation:
NEW QUESTION # 52
Barry has heard that the government is planning to tighten environmental regulations. He doesn't like the sound of this, as even though some businesses won't be affected that much, he will have to end up paying a lot more to run his business.
Which of the following options would be most effective in preventing the government from imposing such regulation?
Select ALL that apply.
- A. Tell a member of the governing party that he has some unscrupulous information about the party that he'll leak to the press if they go ahead with their plans to impose new regulation.
- B. Make a large donation to the the main opposition party in the hope they'll put pressure on the governing party to not impose the new regulation.
- C. Make a large donation to the party in power in the hope that they'll abandon their plans to impose new regulation.
- D. Try and set up meetings with high-ranking members of the government to persuade them to not impose the new regulation.
Answer: C,D
NEW QUESTION # 53
In preparation for GD Company's annual people resourcing meeting, PR is creating the HR Plan for the Finance Directorate. He is currently collecting information for the second stage of the plan i. e. Internal Analysis. Which THREE of the following will PR need information about for this stage?
- A. Identification of shortages of staff
- B. Staff potential
- C. Population trends
- D. Turnover of staff
- E. Identification of excess staff
- F. Levels of absenteeism
Answer: B,D,F
NEW QUESTION # 54
A Company is considering to outsource its accounts payable According to the transaction cost theory of Williamson and Coase, which of the following involve activities and costs associated with policing and enforcing the agreement with the service provider?
- A. Agreeing an acceptable service level agreement.
- B. Determining which supplier is the cheapest.
- C. Monitoring asset purchases associated with the agreement
- D. Ensunri9lne outsourcer maintains the agreed service level.
Answer: A
NEW QUESTION # 55
It can be said that ethics is a set of moral principles underpinning the concept of right and wrong. Whether an action is actually right or wrong depends on which of the following?
Select ALL that apply.
- A. The key values associated with the action
- B. The government policy
- C. The motivation for the action
- D. The legality of the action
- E. The organisational policy
- F. The consequences of the action
Answer: A,C,F
NEW QUESTION # 56
Company Y is very bureaucratic. The managers attend high numbers of planning meetings and the employees often complain of being micro-managed. According to Hofstede, which dimension is being described within the culture of Company Y?
- A. Long-term orientation
- B. Power distance
- C. Uncertainty avoidance
- D. Masculinity
Answer: C
NEW QUESTION # 57
Candidate testing often forms part of the selection process. XYZ is currently looking to recruit a Financial Analyst possessing advanced spreadsheet skills. You have been asked to devise a suitable selection test.
Which of the following tests would be the most suitable?
- A. Personality test
- B. Numeracy and literacy test
- C. Specific ability test
- D. Cognitive test
Answer: C
NEW QUESTION # 58
Which of the following best outlines the shift to higher level' skills anticipated to be fundamental to future accountants'?
- A. The ability to collect and process data
- B. The ability to produce an extended trial balance
- C. The ability to evaluate data sources.
- D. The ability to balance ledger accounts
Answer: A
NEW QUESTION # 59
There are four stages of development of supply chain management, according to Reck and Long's strategic positioning tool. Which stage of this model does the following description identify?
Emphasis is on better co-ordination between departments and suppliers involving timely communication about changes in price and availability of materials.
- A. The independent stage
- B. The integrative stage
- C. The passive stage
- D. The supportive stage
Answer: D
NEW QUESTION # 60
Porter's Value Chain was developed to determine whether a firm's activities contribute towards it's competitive advantage. E is the new Chief Executive of an organisation which manufactures and distributes hand made wooden furniture. His initial observations are that sometimes the workflow through the organisation can be a little disjointed and it is unclear from overall results which areas contribute to profit and quality and which do not. Using Porter's Value Chain model, identify which THREE of the options below are Primary activities.
- A. Operations
- B. Human resource management
- C. Technology
- D. Marketing and sales
- E. Procurement
- F. Inbound logistics
Answer: A,D,F
NEW QUESTION # 61
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. Efficiency is at least equal to other organisational operations such as payroll and invoicing.
- C. Competitive strategies rely on the effectiveness of organisational purchasing.
- D. Suppliers are viewed as vital partners.
- E. Supply is obtained at the best price once requested by departments.
- F. Timely information about product prices and availability can be obtained through organisational systems.
Answer: A,C,D
NEW QUESTION # 62
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