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

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.
A) Variance analysis reporting and B) Taxation management and C) Budget management
D) Management reporting
E) Statutory financial reporting
F) Internal auditing

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

Actual exam question for CIMA's CIMAPRA19-E01-1 exam
Question #: 63
Topic #: 1
[All CIMAPRA19-E01-1 Questions]

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.

Show Suggested Answer Hide Answer
Suggested Answer: A, B, C

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

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Jerry
10 months ago
Management reporting ties everything together, can't overlook that!
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Irma
10 months ago
Taxation management impacts financial reporting for sure!
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Melina
10 months ago
Wait, how is internal auditing related to these? Seems off.
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Marsha
11 months ago
Totally agree, budget management is key for all finance functions!
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Joana
11 months ago
Variance analysis reporting is definitely interdependent with budgeting.
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Marylou
11 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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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