Managing Finance in a Digital World
Last Update November 22, 2024
Total Questions : 336
Our CIMA Operational E1 exam questions and answers cover all the topics of the latest Managing Finance in a Digital World exam, See the topics listed below. We also provide CIMA E1 exam dumps with accurate exam content to help you prepare for the exam quickly and easily. Additionally, we offer a range of CIMA E1 resources to help you understand the topics covered in the exam, such as CIMA Operational video tutorials, E1 study guides, and E1 practice exams. With these resources, you can develop a better understanding of the topics covered in the exam and be better prepared for success.
| Exam Name | Managing Finance in a Digital World |
| Exam Code | E1 |
| Actual Exam Duration | The duration of the CIMA E1 exam is 90 minutes. |
| What exam is all about | CIMA E1 is the first exam in the CIMA Professional Qualification. It is focused on the fundamentals of management accounting and covers topics such as cost accounting, budgeting, and performance management. The exam aims to test candidates' understanding of the role of management accounting in supporting organizational strategy and decision-making. It also assesses their ability to apply management accounting techniques to real-world scenarios. Passing the CIMA E1 exam is a prerequisite for progressing to the next level of the CIMA Professional Qualification. |
| Passing Score required | The passing score required in the CIMA E1 exam is 50%. |
| Competency Level required | I can provide you with the information that the competency level required for the CIMA E1 exam is at the operational level. This means that candidates are expected to have a basic understanding of management accounting principles and techniques, as well as the ability to apply them in practical situations. The exam covers topics such as cost accounting, budgeting, and performance management, among others. Candidates are also expected to have a good understanding of business strategy and the role of management accounting in supporting strategic decision-making. |
| Questions Format | Based on my research, the CIMA E1 exam consists of 60 objective test questions, which are in the multiple-choice format. The questions are designed to test the candidate's knowledge and understanding of the fundamental principles of management accounting, including cost accounting, budgeting, and performance management. The exam also includes scenario-based questions that require candidates to apply their knowledge to real-world situations. The exam is computer-based and is administered at Pearson VUE test centers. |
| Delivery of Exam | According to the official CIMA website, the exam is computer-based and can be taken at Pearson VUE test centers worldwide. The exam format may include multiple-choice questions, objective test questions, and/or case studies. It is recommended to check the CIMA website for the latest information on exam delivery and format. |
| Language offered | The CIMA E1 exam is offered in English language. |
| Cost of exam | You can visit the official website of CIMA (Chartered Institute of Management Accountants) to get the latest information on exam fees and pricing. |
| Target Audience | The CIMA E1 exam is part of the CIMA Professional Qualification and is aimed at individuals who are interested in pursuing a career in management accounting or financial management. The target audience for the CIMA E1 exam includes: 1. Graduates who want to start a career in management accounting or financial management. 2. Professionals who are already working in finance or accounting and want to enhance their skills and knowledge. 3. Individuals who want to switch their career to management accounting or financial management. 4. Students who have completed the CIMA Certificate in Business Accounting and want to progress to the Professional Qualification. 5. Anyone who wants to gain a comprehensive understanding of the business environment and how it affects financial decision-making. Overall, the CIMA E1 exam is suitable for anyone who wants to develop their knowledge and skills in management accounting and financial management. |
| Average Salary in Market | The CIMA Global Salary Survey 2020, the average salary of a CIMA qualified professional is around £63,000 per annum in the UK. The salary may vary depending on the industry, job role, and experience level. |
| Testing Provider | You can visit the official website of CIMA to register for the exam and get access to study materials and practice tests. Additionally, there are various online platforms that offer CIMA E1 exam preparation courses and mock tests. |
| Recommended Experience | The CIMA E1 exam is the first level of the CIMA Professional Qualification and covers the fundamentals of management accounting. The recommended experience for this exam includes: 1. Basic knowledge of accounting principles and concepts 2. Understanding of financial statements and their analysis 3. Knowledge of cost accounting and budgeting 4. Understanding of business strategy and its implementation 5. Familiarity with management information systems and their role in decision-making It is also recommended that candidates have some work experience in a finance or accounting role, as this will provide practical knowledge and understanding of the concepts covered in the exam. Additionally, candidates should have good analytical and problem-solving skills, as well as strong communication and teamwork abilities. |
| Prerequisite | I can provide you with the information that the prerequisite for the CIMA E1 exam is that the candidate must have completed the CIMA Certificate in Business Accounting or an equivalent qualification. Additionally, candidates must be registered as a CIMA student and have paid the relevant exam fees. It is also recommended that candidates have a basic understanding of accounting and finance principles. |
| Retirement (If Applicable) | You can check the official website of CIMA or contact their customer support for more information. |
| Certification Track (RoadMap): | I can provide you with information about the certification track/roadmap for the CIMA E1 exam. The CIMA E1 exam is the first level of the CIMA Professional Qualification. It covers the fundamentals of management accounting and focuses on the operational aspects of business. The certification track/roadmap for the CIMA E1 exam is as follows: 1. CIMA Certificate in Business Accounting: This is the entry-level qualification for CIMA and consists of four exams covering the fundamentals of accounting, economics, business mathematics, and ethics. 2. CIMA Professional Qualification: This is the main qualification for CIMA and consists of three levels - Operational, Management, and Strategic. The CIMA E1 exam is part of the Operational level. 3. CIMA Advanced Diploma in Management Accounting: This is an optional qualification that can be pursued after completing the CIMA Professional Qualification. It focuses on advanced management accounting techniques and strategic decision-making. 4. CIMA Fellowship: This is the highest level of CIMA membership and is awarded to members who have demonstrated exceptional knowledge and expertise in management accounting. Overall, the certification track/roadmap for the CIMA E1 exam involves completing the CIMA Certificate in Business Accounting, followed by the CIMA Professional Qualification, and optionally pursuing the CIMA Advanced Diploma in Management Accounting and CIMA Fellowship. |
| See Expected Questions | CIMA E1 Expected Questions in Actual Exam |
| Take Self-Assessment | Use CIMA E1 Practice Test to Assess your preparation - Save Time and Reduce Chances of Failure |
TESTED 22 Nov 2024
