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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
What is CDMA?
Tech that underpins mobile tech
26
What are some skills required by finance in the future?
Analytical skills Judgement Business Acumen People skills Leadership
27
What is the order of data strategy?
1. Identify 2. Store 3. Provision 4. Process 5. Govern
28
What is extraction?
Harvesting data. Data profiling
29
What is transformation?
Transformed into format
30
What is loading?
newly cleaned data uploaded to database
31
What is data profiling?
data analysed to understand content, format and structure
32
What is data warehouse?
store for data
33
What is business intelligence?
Process of analysing business data
34
What are the three things of data modelling?
Conceptual: considers data and reliance Logical: Develop map of rules and data structures Physical: How defined system will be implemented
35
What is DBMS?
Database management system
36
What is porters value chain?
Based around activities rather than individual department Considers activities that create value and drive costs
37
What are some primary activities of porters chain?
Operations Sales After Sales
38
What are some secondary activities of porters chain?
Tech Procurement Infrastructure
39
What is cousins?
Importance of viewing supply as central
40
What is MRP?
Material requirement planning
41
What is SPC?
Statistical process control Measure quality and controls quality
42
What is TQM?
Total Quality Management Continuous improvement in quality
43
What is Kaizen?
Continuous improvement in performance
44
What is six sigma?
Quality management programme reduction in faults
45
What is lean thinking?
Systematically eliminate waste
46
What is Just in time?
Produce items when required
47
What does SWOT stand for?
Strengths Weaknesses Opportunities Threats
48
What does PESTEL stand for?
Political Economic Social Technological Ecological/Environment Legal
49
What are the 7P's?
Price Promotion Place Product Services: People Processes Physical Evidence
50
What does AIDA stand for with promotion?
Awareness Desire Interest Action
51
What is Guerrilla Marketing?
Attacks on key targets
52
What is digital marketing?
emails, social media
53
What is postmodern marketing?
Experience customised to customer
54
What does BADPIGS stand for?
Background Attainments Disposition Physical Make up Interests General Intelligence Special Attributes
55
What is information systems?
Information to support running of organisation
56
What is Information Technology?
Supporting equipment to run systems
57
What is MIS?
Management Information System Converts data into useful information
58
What is Executive information system?
Senior management access internal and external information
59
What is decision support system?
Aids management in decisions
60
What is transaction processing system?
Used by operations managers to make decisions
61
What is expert system?
Holds specialist knowledge
62
What is groupware?
Helps people collaborate
63
What is a virtual team?
Group of people guided by common task
64
What is the initial costs of new information systems?
Purchase of software Training Costs
65
What are the running costs on new information systems?
Labour time Material Support systems
66
What is a centralised system in terms of IT?
Based out of one location
67
What is system architecture?
Way system is organised to support organisations functions
68
What are the 4V's of operations?
Volume Variety Variation Visibility
69
What is structured and unstructured data?
Structured data is often numerical data whereas unstructured data may be in the format of email or video
70
Technologies which deliver new capabilities are referred to as what?
Exponentials
71
Technologies anticipated to update existing system to improve capabilities are often referred to as what?
Core Modernisation tools
72
What is a digital mindset?
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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