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CIMA E1 Exam Overview:
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
|---|---|
| Exam Name: | Managing Finance in a Digital World |
| Exam Number: | E1 |
| Real Exam Qty: | 60 |
| Related Certifications: | CIMA P1 Management Accounting CIMA OCS Operational Case Study CIMA F1 Financial Reporting |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Exam Format: | Number Entry, Drag and Drop, Multiple Response, Computer-based Objective Test, Multiple Choice |
| Passing Score: | Scaled score of 100 out of 150 |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based exam delivered through Pearson VUE test centers and online proctoring |
| Pre Condition: | Completion of CIMA Certificate in Business Accounting (Cert BA) or equivalent knowledge recommended |
| Official Syllabus URL: | https://hub.cimaglobal.com/proqual/2019/operational/E1 |
CIMA E1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Shape and Structure of the Finance Function | 20% | - Finance operating models
|
| Topic 2: Role of the Finance Function | 30% | - Purpose and activities of the finance function
|
| Topic 3: Data and Information in a Digital World | 20% | - Data-driven decision making
|
| Topic 4: Technology in a Digital World | 30% | - Digital technologies and data
|
CIMA E1 Exam Questions Answered
The E1 exam leads to the CIMA Certification certification from CIMA (Chartered Institute of Management Accountants). It is positioned at the Operational (Professional Qualification) level. The exam validates the knowledge and skills expected of candidates preparing for CIMA Managing Finance in a Digital World.
Related certifications include:
- CIMA F1 Financial Reporting
- CIMA P1 Management Accounting
- CIMA OCS Operational Case Study
The E1 exam includes 60 questions and allows 90 minutes. Before test day, divide the available time by the number of questions in a timed practice set to establish a steady per-question pace. If a difficult item starts consuming too much time, mark it for review and move forward instead of losing momentum. A full timed practice session can help you decide when to move on, when to return, and how much buffer to reserve for a final check.
Completion of CIMA Certificate in Business Accounting (Cert BA) or equivalent knowledge recommended
Eligibility rules can change, so confirm the current requirements on the official exam page before registering.
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The current E1 outline is organized into 4 top-level domains. The first listed areas include:
- Technology in a Digital World (30%)
- Data and Information in a Digital World (20%)
- Role of the Finance Function (30%)
Review the Exam Topics section above for the complete outline and any nested subtopics.
CIMA Managing Finance in a Digital World Sample Questions:
Question 1
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. Enables
B. Reports
C. Narrates
D. Shapes
Question 2
XY Company is a manufacturing company making a variety of products for sale in different markets. Which of the following is the most likely organisational structure that such a company will adopt?
A. Divisional structure
B. Functional structure
C. Matrix structure
D. Entrepreneurial structure
Question 3
Company P is a recruitment agency specialising in placing accountancy and legal personnel in employment. A large part of the role of the agency is to meet the prospective individuals in order to ensure they are placed in the most appropriate roles.
Which THREE elements of the marketing mix relate specifically to the type of business described, to a greater extent than would apply to a manufacturing company?
A. Product
B. Promotion
C. Price
D. Physical evidence
E. Processes
F. People
Question 4
Company T has eight main products that it markets and sells. One particular product requires a low amount of ongoing investment, has low growth prospects but currently maintains a high market share.
According to the Boston Consulting Group Matrix, which category is this product in?
A. Dog
B. Cash cow
C. Question mark
D. Star
Question 5
DTR is a publishing company specialising in the production of technical journals and product specifications Because of the volumes of information required to run the business effectively, the finance function of the company is considering migrating to cloud based technologies.
Which of the following is most likely to be a benefit of such a move for the company?
A. Established work patterns
B. Access to stand alone systems
C. Improved version control
D. Periodic system updates
Solutions:
| Question 1 Answer: D | Question 2 Answer: A | Question 3 Answer: D,E,F | Question 4 Answer: B | Question 5 Answer: B |
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