Cima G1 Braindumps

7/17/2019 Cima G1 Braindumps

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What is CIMA?

The Chartered Institute of Management Accountants (CIMA) is a United Kingdom-based

offering training and qualification in management accountancy and related subjects, focubusiness; together with ongoing support for members.

CIMA is one of the professional associations for accountants in Ireland and the UK. Its pa

developing the management accounting profession within the UK and worldwide. CIMA imanagement accounting body in the world, with more than 227,000 members and studeCIMA is also a member of the International Federation of Accountants.

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OPERATIONAL LEVEL

E1: enterprise operations – it addresses several functional areas of business, and intro

economic, social and political contexts of international business (the global business en

systems, operations management , marketing, managing human capital)P1: performance operations – this paper deals with tools and techniques that generat

evaluate and control present and projected performance (cost accounting system, foretechniques, project appraisal, dealing with uncertainty in analysis, managing short-term

F1: financial operations – this paper’s core objectives are preparation of full financial s

company and the principal consolidated financial statements for a simple group (princiregulation and ethics of financial reporting financial accounting and reporting

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MANAGEMENT LEVEL

E2: enterprise management – paper develops tools and techniques for identifying key

environments (strategic management and assessing the competitive environment, pro

management of relationships)P2: performance management – the main focus of paper P2 is the application of infor

management processes of decision making and control to optimize performance (pricicost planning and analysis for competitive advantage, budgeting and management conperformance measurement of responsibility centers)

F2: financial management – extends to more advanced topics in financial accounting a

external reporting (group financial statements, issues in recognition and measurement

interpretation of financial accounts, developments in external reporting)

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STRATEGIC LEVEL

E3: enterprise strategy – this paper requires application of tools to assist in the evalua

performance implications of a given strategy (interacting with the competitive environ

management, evaluation of strategic options, implementation of strategic plans and pP3: performance strategy – The paper considers both financial and non financial risks

systems, risk and internal control, review and audit of control systems, management ocontrol in information systems)

F3: financial strategy – deals with key elements in designing and managing the organ

strategy – in the context of contributing to achieving the organisation’s objectives andconstraints (formulation of financial strategy, financing decisions, investment decision

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CIMA CERTIFICATE IN BUSINESS ACCOUNTING

CO1: fundamentals of management accounting (core management accounting top

determination, breakeven analysis, standard costing, cost and accounting systems and

control),CO2: fundamentals of financial accounting (conceptual and regulatory frameworks,

and control, and preparing accounts for single entities),

CO3: fundamentals of business mathematics (basic mathematics, probability, summ

data, variables, forecasting, financial mathematics and spreadsheets),

CO4: fundamentals of business economics (goals and decisions of organizations, th

the competitive process, the financial system and the macroeconomic context of busi

CO5: fundamentals of ethics, corporate governance and business law (covers ethics

conflict, corporate governance, comparison of English law with alternative legal systemthe law of employment and company administration and finance

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Management accountant gateway route

CIMA G1: CIMA G1 - Management Accountant Gateway







Why CIMA?

Most accounting qualifications train people for private practice, wexternal audit and tax issues. CIMA prepares people for a career

teaches skills for strategic advice, managing risk and making key

Our syllabus is designed to deliver a strong understanding of all abusiness so our members can contribute in many areas of an org



What is management accounting?

Management accounting combines accounting, finance and management withtechniques needed to drive successful businesses.Chartered management accountants:

•Advisemanagers about the financial implications of projects.

•Explain the financial consequences of business decisions.

•Formulatebusiness strategy.

•Monitor spending and financial control.•Conduct internal business audits.

•Explain the impact of the competitive landscape.

•Bring a high level of professionalism and integrity to business









The management accounting skillset

Our members are qualified to work across an organisation, not just infinance. In addition to strong accounting fundamentals, CIMA teachesstrategic business and management skills:

•Analysis – they analyse information and using it to make businessdecisions.•Strategy – they formulate business strategy to create wealth andshareholder value.

•Risk – they identify and manage risk.

•Planning– they apply accounting techniques to plan and budget.

•Communication – they determine what information managementneeds and explain the numbers to non-financial managers.





Here are some questions for youAll the questions are 100% accu





Question No 1:

A company is considering a short-term pricing decision for a contract that would utilisesome material D that it has held in inventory for some time. The company does not foresthe material. The work would require 1,000 kgs of material D. There are 800 kgs of mate

which were bought some time ago at a costof $3 per kg. The material held in inventory could currently be sold for $3.50 per kg. Thecurrent purchase price of material D is $4.50 per kg. The relevant cost of material D for thto use when making its pricing decision for the contract is closest to

A. $3,700B. $3,500C. $4,500

D. $3,30

Answer: C



Question No 2:

In the typical hierarchical organisation, the requirement for a lower level manager to repto a higher level manager in the chain of command is known as:

A. AuthorityB. EmpowermentC. DelegationD. Accountability

Answer: D



Question No 3:

Decisions about acquisitions and mergers occur at which ONE of the following levels ofstrategy?

A. FunctionalB. BusinessC. CorporateD. Competition

Answer: A



Question No 4:

Identify each of the different team roles as defined by Belbin for the following?

A. Gives attention to detail and is concerned with meeting deadlines

B. Supports other members of the team and helps to promote harmonyC. Imaginative and good at coming up with ideas and suggestions

Answer: C



Question No 5:

JAC operates a defined benefit pension plan for its employees. The fair value of the planassets at 1 June 2008 was $3,100,000. JAC made contributions of $300,000 to the planin the year to 31 May 2009 and the expected return on assets has been calculated at $19

plan paid out a total of $225,000 in benefits in the period and the fair value of the plan assets at 31 May 2009 wactuarial gain or loss in respect of the pension plan assets of JAC’s defined benefitpension plan for the year ended 31 May 2009 is:

A. $125,000 lossB. $25,000 lossC. $25,000 gain

D. $125,000 gain

Answer: D



Question No 6:

MX had 5 million $1 ordinary shares in issue at 1 May 2008. On 30 September 2008 MXissued a further 2 million $1 ordinary shares at par.

Profit before tax for the year ended 30 Ap

ril 2009 was $650,000 and the related incometax charge was $210,000.The basic earnings per share of MX for the year to 30 April 2009 is:

A. 6.9 cents per shareB. 7.1 cents per shareC. 10.5 cents per shareD. 13.5 cents per share

Answer: C



Question No 7:

AB, CD and EF are listed entities operating in the same business sector. At 31 December2009 their P/E ratios were reported as follows:AB 17.1

CD 13.2EF 9.3Which ONE of the following statements about these P/E ratios is correct?

A. AB is regarded by the market asthe riskiest of the three entities.B. AB has the highest earnings per share of the three entities.C. CD represents the safest investment because

its P/E lies midway between the other two.D. EF’s share price may be relatively lower than that of AB and CD because of an adverseeffect such as a profit warning

Answer: A







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Cima G1 Braindumps