Weekend Sale - Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: sntaclus

The advantages of embedding the finance function within the business unit include which THREE of the following?

A.

It allows the accountant to provide information specific to a particular business unit with greater efficiency.

B.

It prevents duplication of effort across the organisation.

C.

It enables strong relationships to be developed between the accountant and the rest of the management team within a particular business unit.

D.

It means that the accountant is able to develop best practice that can be of benefit to the whole company.

E.

It allows the accountant to build up detailed local knowledge and understanding of the business unit.

John is a young management accountant who, after completing his examinations recently, was put in charge of a small established accounts department.

 

At his first progress review with his superior, he was very confident and enthusiastic about numerous initiatives. John expressed disappointment that his staff were so reactionary and uncooperative.

 

It would seem most of the staff reporting to John are dissatisfied about his leadership. The younger ones are frightened of him and they say he his always in a hurry. The older ones who have worked in the department for years are worried about John's risky decisions. Others resent him and are frustrated that John never listens to their ideas.

 

Which behaviour should John adopt to improve motivation in the department?

A.

John should dismiss the older staff and send the younger staff on training and take on an autocratic style of management.

B.

John should create time for one to ones with his staff and take on a participative style of management. Improving communication with regular briefings.

C.

John should not do anything as he will see things settle down over time and take on a more laissez-faire style of management.

D.

John should hire some external business consultants to overhaul the working practices and find solutions to get the department back on track.

In preparation for listing on the UK stock market a company has started to set up the various committees needed to comply with the UK Corporate Governance Code.

 

It has identified the need for an Audit Committee and has listed the characteristics below but are not sure if they are all correct.

 

Which of the options below is NOT a characteristic of the Audit Committee?

A.

Sets the external audit fee

B.

Comprises of non-executive directors

C.

Comprises of a majority of non-exective directors

D.

Recommends appointment and removal of external auditors

PRINCE2 clearly defines a set of roles for every active participant on a project. What is the role described below?

 

This is the person ultimately responsible for the business success of the entire project. They must ensure the project gives value for money and balance the demands of business user and supplier.

 

This person is also the ultimate decision-maker in the project. For this reason they are appointed before the project starts. As the person is directly responsible for the project business case, it is expected that in most instances they are appointed from the customer side of the organisation.

A.

Team Manager

B.

Executive

C.

Senior User

D.

Project Manager

Which of the following statements relate to Handy's role culture?

Select ALL that apply.

A.

People act in accordance with rules and requires of their position.

B.

There is a formal structure with clear responsibilities for each individual.

C.

Individuals operate independently.

D.

Organisations exist to satisfy the requirements of the individual.

E.

There are few procedures or rules.

According to Mintzberg, a manager must exhibit which of the following skills in order to create the conditions for new ideas to flourish and strategies to emerge?

 

Select ALL that apply.

A.

Manage stability

B.

Detect discontinuity

C.

Keep decisions small

D.

Detect conflict

E.

Manage patterns

F.

Reconcile change and continuity

A Company is undertaking a project for the first time and has given the Finance Manager the task of managing the project. He has been advised to use PERT, as it will help him with his Critical Path Analysis (CPA).

 

What information will the calculation using PERT provide the Finance Manager with to use in his CPA?

A.

The most optimistic time to complete an activity.

B.

 The most realistic / probable time to complete an activity.

C.

The expected time to complete an activity.

D.

The most pessimistic time to complete an activity.

DD is in charge of a group of twelve people involved in complex work. The group work together amicably and DD's leadership is valued. DD is supported by KK, who often deals with the group on behalf of DD.

 

Recently KK resigned for family reasons, along with another member of the group who became despondent with change and DD has now recruited new members to the group.

 

DD has found the group dynamics have changed and various members complain about what they are expected to do.

 

Which of the following is the least appropriate approach that DD should adopt to ensure the group reverts back to its former cohesiveness?

A.

Break the group into smaller teams and allow the groups to evolve again.

B.

Introduce a series of team building training sessions.

C.

Become directly involved in structuring the progression of the group, influencing the development of roles.

D.

Emphasise the need for a new approach by carrying out disciplinary procedures for the individuals who are complaining.

Which of the following is CIMA's definition of strategy?

A.

A purpose and long term direction of the company including an action plan.

B.

A course of action, including specification of resources required, to achieve a specific objective.

C.

A plan to scope out the organisation's activities.

D.

A statement of long term goals along with a definition of the strategies and policies to achieve these goals.

Organisational change can be promoted by many different triggers. Which THREE of the following are external triggers of change?

A.

Activities and innovations of competitors

B.

Appointment of new chief executive officer

C.

Shifts in local, national and international politics

D.

New legislation and government policies

E.

Factory relocation to be closer to suppliers and markets