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CIMA Managing Finance in a Digital World Sample Questions:

1. It is important to assess the contribution made by the finance function. If a balanced scorecard approach is used, which of the following categories would utilise the measure of staff turnover?

A) Enhancement of internal processes
B) Financial
C) Customer satisfaction
D) Learning and growth

2. MN College (limited by guarantee) aims to ensure that each student achieves their qualification and gains employment. Which THREE of the following are suitable measures of performance for MN College?

A) Effectiveness
B) Efficiency
C) Number of lecturers.
D) Enhanced
E) Economic
F) Number of students

3. Data profiling forms an essential element of the extraction transformation and loading process. Which of the following best describes data profiling?

A) Data being processed into the destination database ready for use
B) The process of harvesting data from source databases and locations
C) Storing data in a systematic and logical way ready for further interrogation.
D) Examining the data to understand its content formats and structure.

4. 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) Monitoring asset purchases associated with the agreement
B) Agreeing an acceptable service level agreement.
C) Determining which supplier is the cheapest.
D) Ensunri9lne outsourcer maintains the agreed service level.

5. Which TWO of the following tasks is associated with a Finance Department's Management Accounting section?

A) Providing management with decision making information
B) Arranging for the financing of plans made
C) Verifying systems of control
D) Preparing investment appraisals
E) Dealing with tax administration
F) Corporate governance compliance within the organisation

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