CGMA Exam Flashcards
Examination & marking understanding
Recommend
Propose a course of action
Advise
Council, inform or notify
Discuss
Examine in detail by argument
Examine
Inspect thoroughly
Analyse
Examine in detail the structure of
Review
Asses and evaluate in order, to change if necessary
Communicate
Share or exchange information
Evaluate
Appraise or asses
Answer plannings steps ?
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
What are the 5 core activities?
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
Core Activity 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
Core Activity B -
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
Core Activity C -
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
Core Activity D -
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
Core activity E -
Manage internal and external stakeholders
- Additions to the group
- Transfer pricing
- Integrated reporting
- Communication
- Negotiation
- Conflict management