CGMA Exam Flashcards

Examination & marking understanding

1
Q

Recommend

A

Propose a course of action

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2
Q

Advise

A

Council, inform or notify

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3
Q

Discuss

A

Examine in detail by argument

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4
Q

Examine

A

Inspect thoroughly

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5
Q

Analyse

A

Examine in detail the structure of

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6
Q

Review

A

Asses and evaluate in order, to change if necessary

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7
Q

Communicate

A

Share or exchange information

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8
Q

Evaluate

A

Appraise or asses

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9
Q

Answer plannings steps ?

A

Allocate time splits

Read question / look out for AND

What is being examined ? Can I build out the start of answer ?

Read and re read trigger and ALL reference material pull out information to accompany answer structure

Review verbs

4/5 key words as headings for each paragraph

Use question (ie marking traits) to build out main headings

Use reference material to build sub headings and or technical content & pre seen

Build out with what, so what, now what?
Or what, how, why to add depth … really drill into the scenario
Justify everything

Re read answer as I go to save time, get it right first time round

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10
Q

What are the 5 core activities?

A

Core Activity A - Evaluate opportunities to add value

Core Activity B - Implement senior management decisions

Core Activity C - Manage performance and costs to aid value creation

Core Activity D - Measure performance

Core Activity E - Manage Internal and external stakeholders

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11
Q

Core Activity A -

A

Evaluate opportunities to add value
- Investment Appraisal techniques
- Big Data
- Pricing strategies
- Identify business models to create value, Inc digital eco system
- Impact of business models in the context of the digital eco system

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12
Q

Core Activity B -

A

Implement senior management decisions
- Project management tools
- Projects management personnel
- Tools for managing risk & uncertainty in capital projects
- Characteristics of finance sources (D/E)
- Teams

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13
Q

Core Activity C -

A

Manage performance and costs to aid value creation
- Responsibility centres
- Employee engagement, team and Individual performance
- leadership styles
- Cost transformation
- TQM
- Value management techniques
- Techniques to quantify risks

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14
Q

Core Activity D -

A

Measure performance
- Tools and techniques for managing risk (Performance related)
- Tools and techniques for managing risk (Business models)
- Interpret Financial performance using financial statements
- Improve performance
- Accounting treatments

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15
Q

Core activity E -

A

Manage internal and external stakeholders
- Additions to the group
- Transfer pricing
- Integrated reporting
- Communication
- Negotiation
- Conflict management

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16
Q

Answer steps

A
  • Use questions as main headings (Verb)
  • Use unseen and technical knowledge as sub headings.
  • Whats your point? How would you do this ? Why would you do this?
    Dig into scenario by explaining examples Pros/cons

Have I answered the question?

17
Q

Identify

A

Recognise, establish or select after careful consideration

18
Q

Explain

A

Make clear or intelligible (well understood) / State the meaning or purpose of

19
Q

How can I add depth

A

Invert, what not to do biggest risk etc

20
Q

How can I add depth

A

Invert, what not to do biggest risk etc

21
Q

Key items to remember for question planning ?

A

Format
Format, objective, recipient, my role, action/verb, time allocation

Pearl
Point, explained in depth, argument built, related application, link back