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Chartered Institute of Management Accountants (CGMA) · Operational level

CIMA E1 Managing Finance in a Digital World: mock exams and practice questions

240 original exam-style questions for CIMA E1 Managing Finance in a Digital World, with full timed mock exams in the real format and an explanation for every answer. Free for everyone until 31 January 2027.

CIMA E1 exam format

90 minutes, computer-based objective test (60 questions). The pass mark is 70%.

SectionFormatMarks
Objective test60 questions: multiple choice, multiple response and number entry60
Total60

Syllabus areas covered

Try 3 free CIMA E1 questions

Real Fincora questions, with the full explanation. Sign up free for the full bank and timed mocks.

Sample question 1 · A · Role of the finance function

Pellaston Ltd plans to close its town-centre depot and move operations to a new site on the edge of town, which needs planning permission. The local planning authority has wide legal power over the move but has so far shown little interest in Pellaston's plans. Using Mendelow's power/interest matrix, how should Pellaston manage the planning authority?

  1. A Minimal effort
  2. B Keep satisfied
  3. C Keep informed
  4. D Manage closely as a key player
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Answer: B. Mendelow's matrix plots stakeholders by power and interest:

| | Low interest | High interest |
|---|---|---|
| Low power | Minimal effort | Keep informed |
| High power | Keep satisfied | Key players |

The planning authority has high power (it can block the new site) but currently low interest, so Pellaston should keep it satisfied, for example by addressing its requirements early, while watching for any rise in its interest.

Sample question 2 · B · Technology in a digital world

Fenwright Ltd now uses a cloud accounting package. Staff log in through a web browser, the vendor hosts and maintains the application, and the vendor applies all upgrades and security patches. Fenwright pays a monthly fee per user. Which cloud service model is this?

  1. A Infrastructure as a service (IaaS)
  2. B On-premise licensed software
  3. C Software as a service (SaaS)
  4. D Platform as a service (PaaS)
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Answer: C. Cloud service models differ in how much the provider manages. IaaS supplies computing infrastructure; PaaS adds the operating system, middleware and development tools; SaaS supplies a finished application that the provider runs and updates. A browser-based accounting package that the vendor hosts, upgrades and patches, paid for per user, is SaaS.

Sample question 3 · C · Data and information in a digital world

Swiftpay processes card payments for online retailers. It must check each transaction for fraud within 200 milliseconds of it being made, at peak times handling more than 15,000 transactions per second. Which characteristic of big data does this requirement chiefly illustrate?

  1. A Variety
  2. B Velocity
  3. C Volume
  4. D Veracity
Show the answer

Answer: B. Big data is often described by its 'Vs': volume (quantity), velocity (speed of creation and processing), variety (range of formats and sources), veracity (reliability) and value (usefulness). A requirement to analyse thousands of transactions per second, each within milliseconds, is principally about velocity.

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