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CIMA E1 Actual Questions

Page: 13 / 25
Total 336 questions

Managing Finance in a Digital World Questions and Answers

Question 49

Level one of the contemporary shape of the finance function involves strategic leadership of the finance team. The head of the finance function is.

Options:

A.

The Finance Treasurer

B.

The Chief Executive Officer

C.

The Financial Accountant

D.

The Chief Financial Officer

Question 50

Y has recently been appointed as the head of a large charity. This is the first not-for-profit organisation that she has been involved with, having gained most of her experience in large retail organisations. She wants to make sure that she understands the differing objectives of her new employer.

 

Which THREE of the objectives below would be most likely associated with a not-for-profit organisation?

Options:

A.

Utilisation of resources

B.

Profit maximisation

C.

Value for money

D.

Increasing donations

E.

Maximising shareholder returns

F.

Increasing share price

Question 51

A new Team Leader in Internal Audit has been asking team members about tasks that they do not think are part of their responsibility as they go beyond compliance with legislation. You are preparing a response to this to include an explanation of the requirements of a social audit. Which of the following would you include in your response?

 

Select ALL that apply.

Options:

A.

Observance of equal opportunities beyond that required by legislation

B.

Ethical investment decisions

C.

Use of sustainable raw materials

D.

Adequacy of audit trail

E.

Existing and potential management weaknesses and ways to rectify them

F.

Operation of risk management process(es)

Question 52

Which of the following is a reason why businesses need to prepare statutory reports?

Options:

A.

To inform the investors how profitable the business is.

B.

To help compare budget with actual performance.

C.

To decide on their foreign exchange hedging policy.

D.

To ensure they have enough inventory on hand for production.

Page: 13 / 25
Total 336 questions