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| Section | Weight | Objectives |
|---|---|---|
| Technology in a Digital World | 20% | - Emerging technologies and risks - Impact of technology on finance processes - Digital transformation and adoption - Digital technologies: cloud, AI, automation, analytics |
| Finance Interacting with the Organisation | 20% | - Cross-functional collaboration - Communication and influencing skills - Supporting functional and strategic goals - Relationship with operations, sales and HR |
| Data and Information in a Digital World | 20% | - Data analysis and interpretation - Information systems and reporting - Security, privacy and compliance - Data characteristics, quality and governance |
| Role of the Finance Function | 20% | - Stewardship, governance and ethics - Decision support and business partnering - Evolution of the finance function - Purpose and value creation |
| Shape and Structure of the Finance Function | 20% | - Shared services and outsourcing - Organisational structures and models - Centralised vs decentralised finance - Roles, skills and competencies |
1. Information relating to production, accounting records and payroll are most likely to be used by which of the following stakeholders?
A) Internal stakeholders
B) External stakeholders
C) Connected stakeholders
D) Key stakeholders
2. Which of the following best outlines the shift to higher level' skills anticipated to be fundamental to future accountants'?
A) The ability to produce an extended trial balance
B) The ability to balance ledger accounts
C) The ability to collect and process data
D) The ability to evaluate data sources.
3. Which of the following specifically describes experiential marketing?
A) Experiential marketing uses marketing techniques to achieve non-commercial goals.
B) Experiential marketing uses marketing techniques to motivate employees.
C) Experiential marketing uses marketing techniques to maximise profits.
D) Experiential marketing uses marketing techniques to create an emotional connection between a person and a brand.
4. AB Company is considering a recruitment campaign to provide extra senior marketing staff for a new product launch. AB produces specialist industrial cleaning products and has a well developed marketing function. Which of the following will be an effective alternative to a recruitment campaign?
A) Secondment of staff from other departments
B) Job rotation within the organisation
C) Use of agency staff
D) Promotion of existing staff in the department
5. When using an integrated reporting approach a supermarket will include which THREE of the following in the organisation's annual financial statements?
A) Statement of remuneration of all employees
B) Statement of the number accidents occurring
C) Statement of risks facing the organisation
D) Statement of cash flows
E) Statement of financial position
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: C,D,E |
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