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CIMA Managing Finance in a Digital World Sample Questions:
1. The finance function of an organisation supports the organisation's strategies and operations.
Which THREE of the following activities are fundamental to the role of the finance function?
A) Preparation of statutory reports
B) Recruitment and selection of a new financial controller
C) Supplier selection for a new raw material supplier
D) Preparation of plans, forecasts and budgets
E) Working capital reporting and control
F) Customer management and after-sales support
2. H works in the finance function and has been asked by the Finance Manager to draft a report to be part of the annual update to go out to all the employees of the organisation H informs the Finance Manager the intention is to include a whole range of financial information including ratios and comparisons for the previous years in the report Which of the following qualities of good information should H be most concerned with when producing the report?
A) Accurate
B) Questioning
C) Relevant
D) Adaptable
3. TRA is a multinational company which generates large quantities of data across its various operating divisions, from which it produces a range of management reports.
Which technological benefit of artificial intelligence is most likely to be of use to the company?
A) Good at consolidating multiple systems in the company
B) Good at repetitive data entry tasks required
C) Good at automating complex activities of the company.
D) Good at teaming and interpreting differences in outcomes
4. TJD is a national retailer of garden accessories and a FTSE 350 company It is currently establishing a remuneration committee According to the UK Corporate Governance Code what is the minimum number of non-executive directors TJD's remuneration committee should be made up of?
A) At least 2
B) At least 5
C) least 3
D) At least 7
5. At which stage of a systems development lifecycle is systems architecture considered?
A) Feasibility
B) System review
C) Implementation
D) Systems design
Solutions:
Question # 1 Answer: A,D,E | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |