CIMAPRA19-E01-1 Exam - Topic 1 Question 63 Discussion

Actual exam question for CIMA's CIMAPRA19-E01-1 exam

Question #: 63
Topic #: 1

YZ Company has grown rapidly and has recently recruited a finance director to set up a more structured finance function. During this process care will be needed to ensure effective lines of communication between different disciplines within the whole function and to recognise the interdependencies.

Which of the following are examples of the interdependence ofelements ofthe finance function?

Select ALL that apply.

AVariance analysis reporting

BTaxation management

CBudget management

DManagement reporting

EStatutory financial reporting

FInternal auditing

Show Suggested Answer

Suggested Answer: A, B, C

by Willodean at Dec 27, 2022, 02:54 AM

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Jerry

4 months ago

Management reporting ties everything together, can't overlook that!

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Irma

4 months ago

Taxation management impacts financial reporting for sure!

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Melina

4 months ago

Wait, how is internal auditing related to these? Seems off.

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Marsha

4 months ago

Totally agree, budget management is key for all finance functions!

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Joana

4 months ago

Variance analysis reporting is definitely interdependent with budgeting.

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Marylou

5 months ago

I practiced a similar question where internal auditing was considered separate, but I wonder if it has interdependencies with statutory reporting.

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Maurine

5 months ago

I feel like management reporting is definitely linked to all the other elements, especially in how it summarizes financial performance.

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Shantell

5 months ago

I’m not entirely sure, but I think taxation management could also relate to budget management since tax implications can affect financial planning.

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Loren

5 months ago

I remember we discussed how variance analysis helps in understanding budget deviations, so I think that might be interdependent with budget management.

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Miss

5 months ago

This seems like a pretty straightforward question. I'd say the most important thing is to make sure the committee members understand the business needs, so I'm leaning towards option A.

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Glendora

5 months ago

I remember learning about switch stacking in class, but I'm drawing a blank on the specific model combinations. Guess I'll have to make an educated guess on this one.

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Nidia

5 months ago

I'm a bit confused by the percentages provided for the different segments. Do we need to calculate anything or just compare the percentages to the thresholds?

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Marica

5 months ago

I'm not too sure about this one. I remember something about AXL/SOAP being relevant, but it doesn't seem focused on presence status.

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