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CIMA E1 > Overall > Flashcards

Overall Flashcards

1
Q

What is included in Enables?

A

Planning
Forecasting
Resource Allocation

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2
Q

What is included in Shapes?

A

Performance
Management
Control

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3
Q

What is included in Narrates?

A

Financial Reporting

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4
Q

What are some things that was included in 2018 corporate governance code?

A

Emphasises importance of good relationships between shareholders and stakeholders
Nomination committee responsible for effective succession planning
Gender balance of management and their reports should be reported
Clear reporting on remuneration and how it helps organisation to acheive strategy and long term success

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5
Q

What is Qualitive data?

A

Not numerical

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6
Q

What is quantative data?

A

Numerical

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7
Q

What is outsorcing?

A

Contracting work out

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8
Q

What is a shared service centre?

A

Established for particular activity

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9
Q

What is transaction costs?

A

Indirect costs incurred in performing an activity

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10
Q

What is project management?

A

Integration of aspects of a project ensuring knowledge and resources available

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11
Q

What is project appraisal and the methods?

A

Assessment and evaluation of project.
Paybacks, NPV and Internal rate of return

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12
Q

What does McKinsley suggest could be automated?

A

Data Collection
Data Processing
Applying Expertise
Stakeholder Interactions
Managing Others

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13
Q

What is RPA?

A

Robotic Process Automation

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14
Q

What happened in 1st revolution?

A

Growth in steam power and advancement in machines

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15
Q

What happened in 2nd revolution?

A

Electricity, petroleum and steel

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16
Q

What happened in 3rd revolution?

A

Digital Tech

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17
Q

What is cloud computing?

A

Delivery of on-demand computing resources

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18
Q

What is big data?

A

Data that is large and varied. Beyond capability of data processing.

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19
Q

What is data analytics?

A

Collecting, organising and analysing big data

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20
Q

What is process automation?

A

Automation of complex business processes

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21
Q

What is AI?

A

Creation of intelligent machines. Systems ability to correctly interpret external data to acheive goals.

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22
Q

What is data visualisation?

A

Allows data to be visually appealing

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23
Q

What is blockchain?

A

Decentralised, distributed and public ledger to record transactions

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24
Q

What is internet of things?

A

Network of smart devices, monitor and exchange data. e.g. smart meters, appliances, doorbells and cars

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25
Q

What is CDMA?

A

Tech that underpins mobile tech

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26
Q

What are some skills required by finance in the future?

A

Analytical skills
Judgement
Business Acumen
People skills
Leadership

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27
Q

What is the order of data strategy?

A
  1. Identify
  2. Store
  3. Provision
  4. Process
  5. Govern
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28
Q

What is extraction?

A

Harvesting data. Data profiling

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29
Q

What is transformation?

A

Transformed into format

30
Q

What is loading?

A

newly cleaned data uploaded to database

31
Q

What is data profiling?

A

data analysed to understand content, format and structure

32
Q

What is data warehouse?

A

store for data

33
Q

What is business intelligence?

A

Process of analysing business data

34
Q

What are the three things of data modelling?

A

Conceptual: considers data and reliance
Logical: Develop map of rules and data structures
Physical: How defined system will be implemented

35
Q

What is DBMS?

A

Database management system

36
Q

What is porters value chain?

A

Based around activities rather than individual department
Considers activities that create value and drive costs

37
Q

What are some primary activities of porters chain?

A

Operations
Sales
After Sales

38
Q

What are some secondary activities of porters chain?

A

Tech
Procurement
Infrastructure

39
Q

What is cousins?

A

Importance of viewing supply as central

40
Q

What is MRP?

A

Material requirement planning

41
Q

What is SPC?

A

Statistical process control
Measure quality and controls quality

42
Q

What is TQM?

A

Total Quality Management
Continuous improvement in quality

43
Q

What is Kaizen?

A

Continuous improvement in performance

44
Q

What is six sigma?

A

Quality management programme reduction in faults

45
Q

What is lean thinking?

A

Systematically eliminate waste

46
Q

What is Just in time?

A

Produce items when required

47
Q

What does SWOT stand for?

A

Strengths
Weaknesses
Opportunities
Threats

48
Q

What does PESTEL stand for?

A

Political
Economic
Social
Technological
Ecological/Environment
Legal

49
Q

What are the 7P’s?

A

Price
Promotion
Place
Product

Services:
People
Processes
Physical Evidence

50
Q

What does AIDA stand for with promotion?

A

Awareness
Desire
Interest
Action

51
Q

What is Guerrilla Marketing?

A

Attacks on key targets

52
Q

What is digital marketing?

A

emails, social media

53
Q

What is postmodern marketing?

A

Experience customised to customer

54
Q

What does BADPIGS stand for?

A

Background
Attainments
Disposition
Physical Make up
Interests
General Intelligence
Special Attributes

55
Q

What is information systems?

A

Information to support running of organisation

56
Q

What is Information Technology?

A

Supporting equipment to run systems

57
Q

What is MIS?

A

Management Information System
Converts data into useful information

58
Q

What is Executive information system?

A

Senior management access internal and external information

59
Q

What is decision support system?

A

Aids management in decisions

60
Q

What is transaction processing system?

A

Used by operations managers to make decisions

61
Q

What is expert system?

A

Holds specialist knowledge

62
Q

What is groupware?

A

Helps people collaborate

63
Q

What is a virtual team?

A

Group of people guided by common task

64
Q

What is the initial costs of new information systems?

A

Purchase of software
Training Costs

65
Q

What are the running costs on new information systems?

A

Labour time
Material
Support systems

66
Q

What is a centralised system in terms of IT?

A

Based out of one location

67
Q

What is system architecture?

A

Way system is organised to support organisations functions

68
Q

What are the 4V’s of operations?

A

Volume
Variety
Variation
Visibility

69
Q

What is structured and unstructured data?

A

Structured data is often numerical data whereas unstructured data may be in the format of email or video

70
Q

Technologies which deliver new capabilities are referred to as what?

A

Exponentials

71
Q

Technologies anticipated to update existing system to improve capabilities are often referred to as what?

A

Core Modernisation tools

72
Q

What is a digital mindset?

A

Concept of seeing beyond the individual elements of digital change, to understand the deeper ways in which tech will ultimately transform society and impact an organisation

CIMA E1 (9 decks)

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