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- Data characteristics, quality and governance
- Security, privacy and compliance
- Information systems and reporting
- Data analysis and interpretation
Role of the Finance Function
20%
- Purpose and value creation
- Stewardship, governance and ethics
- Decision support and business partnering
- Evolution of the finance function
Technology in a Digital World
20%
- Emerging technologies and risks
- Impact of technology on finance processes
- Digital technologies: cloud, AI, automation, analytics
- Digital transformation and adoption
Shape and Structure of the Finance Function
20%
- Roles, skills and competencies
- Shared services and outsourcing
- Centralised vs decentralised finance
- Organisational structures and models
Finance Interacting with the Organisation
20%
- Communication and influencing skills
- Relationship with operations, sales and HR
- Supporting functional and strategic goals
- Cross-functional collaboration
CIMA Managing Finance in a Digital World Sample Questions:
S is employed within the accounting function of a small company. Due to the size of the company, there are not enough resources for separate accounting functions so S is responsible for both management and financial accounting tasks. As the company is so small there is no requirement for audit. However it does make use of the services of an external certified accountant for statutory accounting and taxation services. According to Mintzberg, in which part of the organisation does the external accountant belong?
T Company has recently appointed J as Chief Data Officer One of the responsibilities of the appointment is to ensure compliance with the General Data Protection Regulations (GDPR) in force in the jurisdiction J's first action was to carry out an internal audit of GDPR compliance Which THREE of the following audit findings are indicators that T Company is compliant with GDPR''
A. Customers are given the option of unsubscribing from marketing emails
B. Customer data is deleted when no longer required.
C. 98% of customer records were found to be accurate and up to date.
D. Most of the staff were fully aware of their data protection responsibilities.
E. Personal data is kept on a secure server, protected by a firewall
The development of a Corporate Digital Responsibility (CDR) strategy is increasingly common in modern business and will include 5 key areas including customer expectation Which of the following best describes customer expectation in this context?
A. The need for transparency around the use of data and the ability to opt in and be rewarded for sharing data
B. Using data in a responsible and secure way that is in line with customer and employees expectations.
C. Ensuring all members of society have the skill, tools and ability to access the online digital world
D. Sharing data in a benevolent way to help society, this could help inform choices and improve management of information
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