CIMA E1 Q&A - in .pdf

  • E1 pdf
  • Exam Code: E1
  • Exam Name: Managing Finance in a Digital World
  • Updated: Sep 11, 2026
  • Q & A: 335 Questions and Answers
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  • Exam Code: E1
  • Exam Name: Managing Finance in a Digital World
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  • Updated: Sep 11, 2026
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CIMA E1 Q&A - Testing Engine

  • E1 Testing Engine
  • Exam Code: E1
  • Exam Name: Managing Finance in a Digital World
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  • Q & A: 335 Questions and Answers
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CIMA E1 Exam Syllabus Topics:

SectionObjectives
Topic 1: The Digital World and Business Environment- Digital transformation in finance and business models
- Impact of digital technologies on organisations
Topic 2: Data and Information in Organisations- Data collection, management, and quality
- Data analytics and decision-making support
Topic 3: Information Systems and Technology- Cybersecurity and data governance basics
- Enterprise systems and financial information systems
Topic 4: Finance Function in a Digital Environment- Role of finance professionals in digital organisations
- Automation and digital finance processes

CIMA Managing Finance in a Digital World Sample Questions:

Question #1

Which of the following scenarios is an example of independence within the role of the finance function?

  • A. Financial accountant includes the corporation tax provision in the statutory accounts as calculated by the treasury department
  • B. Management accountant chooses to apply depreciation rates based on known replacement date of assets, rather than following accounting standards.
  • C. Financial accountant updates the directors details in the statutory accounts based on the updates provided by the Company Secretary
  • D. Management accountant prepares variance reports based on comparing actual financial data with budgeted expectations.
Answer: D
Question #2

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. Specific ability test
  • B. Personality test
  • C. Numeracy and literacy test
  • D. Cognitive test
Answer: A
Question #3

A manufacturing company had major issues with quality standards and as a result received a number of complaints from its customers.
Due to this the company's senior management has considered some new objectives for the business.
Which of the following comply with all requirements of a SMART objective and will help to overcome this issue?
Select ALL that apply.

  • A. To reduce quality issues significantly within eight weeks.
  • B. To reduce defects from 53 per 1000 to 35 per 10,000 within 10 months.
  • C. To reduce the current level of defects from Oper 1,000 to 35 per 1,000 by the end of the month.
  • D. To reduce the number of complaints from 754 to 450 as soon as possible
  • E. To increase output from 2,500 units per hour to 3,500 units per hour within a year.
  • F. To reduce the number of complaints due to quality issues by 28% by the end of the year.
Answer: B,F
Question #4

T is employed as an HR manager for a chain of hotels. A large part of her role is to assist the HR director with forecasting personnel requirements for the next one, three and six month periods respectively.
Which TWO of the following factors should be taken into consideration when forecasting personnel requirements?

  • A. Employee turnover
  • B. Staff approaching retirement age
  • C. Changes to the minimum wage legislation
  • D. Absence and sickness rates
Answer: A,D
Question #5

Information relating to production, accounting records and payroll are most likely to be used by which of the following stakeholders?

  • A. Key stakeholders
  • B. Connected stakeholders
  • C. Internal stakeholders
  • D. External stakeholders
Answer: C

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