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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following is one of the five key areas of an effective approach to corporate digital responsibility (CDS)?

A) Digital stewardship
D Digital sustainability
B) Digital mindset
C) Digital protection

2. Which of the following are the tasks associated with the effective management of the treasury function?
Select ALL that apply.

A) Legally avoid paying as much tax as possible
B) Effectively manage the trading position
C) Ensure compliance with statutory reporting
D) Effectively manage the cash position
E) Minimise foreign exchange losses
F) Ensure effective product pricing

3. The finance function of Company E are considering using blockchain technology for its ledger systems Which of the following will be an advantage of introducing this technology?

A) It will be easy to understand and work with.
B) Transactions are recorded by a sole participant
C) Records can be easily changed and amended
D) Costs of maintaining and reconciling ledgers can be reduced

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

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

5. Which of the following is a potential advantage of outsourcing?

A) Reduced core competencies
B) Finality of decision
C) Reduced transaction costs
D) Reduced capital expenditure

Solutions: