Managing Finance in a Digital World - E1
Access Duration - 365 Days
Awarded By "CIMA"
Guided Learning Hours (10)
Course Material
Number of Modules 1
4.4( 8 REVIEWS )
58 STUDENTS
Awarded by
What Will I Learn?
How finance plays a central role within an organisation and how technologies can impact finance functions.
Why it is important to collect data and upon examination learn how it creates value for the organisation.
How finance is integral to how other parts of an organisation works and how it interacts with the rest of the organisation to achieve a common goal.
Overview
This unit provides a comprehensive overview of managing financial activities in the digital world. With all the entities of the world becoming digitized, you will learn all the latest financial functionalities in this digital age. Therefore this unit not only provides an in-depth overview of digital financial functionalities but also how such functionalities could be managed as management is a key component in every asset in the Financial industry. Furthermore this unit will underpin your knowledge further in the areas of marketing tools, human resources and ethical practices.
This unit is also part of the Diploma in Management Accounting in CIMA certified qualification and hence acts as one of the prerequisite to your pathway to get CIMA certified. Therefore in addition to laying the stepping stone for your CIMA qualification you will also gain valuable experience required as per industry standards.
With our fullest support, we can confidently guarantee that you will achieve success in this unit. This is because we want all our clients to succeed as your success is our success.
Who is the CIMA Operational Level for?
- School leavers
- Students or members of other professional bodies
- Undergraduates and graduates
- Anyone with an interest in pursuing a career in management accountancy
Entry Requirement
- CIMA certificate in Business Accounting, degrees in business or accounting or AAT Technician/Diploma level [level 4]
- Why Choose Global Edulink?
- Syllabus Structure
- Assessment
- Exam Details
- Certification
- Career Path
- Excellent pass rate
- Dedicated panel of instructors
- High rate of passing for first-time students
- Role of the finance function
- Technology in a digital world
- Data and information in a digital world
- Shape and structure of the finance function
- Finance interacting with the organization
This is an objective test. The objective test must be passed in order for learners to complete the syllabus module. Additionally, learners who wish to progress to the CIMA Operational Level qualification should also successfully pass this test.
The objective test must be passed before the learner books the case study exam.
This is an entry level finance exam that will allow the learner to demonstrate if they have acquired the relevant skills, techniques and knowledge to be displayed in that role. The exam will comprise of a computer-based objective test and 1 case study exam.
Objective Test
- Format – Computer-Based
- Duration – 90 Minutes
- Results – Provisional results available followed by confirmation within 48 hours
(A score out of 150 is given, with 100 representing a Pass)
Operational level objective tests - GBP110 (Tier 1 per exam)
Please Note : Official Exam is not provided, It should be purchased separately
Please note that the prices are subject to change by the The Chartered Institute of Management Accountants (CIMA) at any given time. The above price mentioned per objective test are at the time of writing only. You may check with the official CIMA website for latest updates in prices. https://www.cimaglobal.com/Starting-CIMA/Starting-CIMA/Fees/Upon the successful completion of the unit Managing Finance in a Digital World- E1, learners can advance to the next unit of the Certificate in Business Accounting (CIMA Cert BA) Or If the learner has already completed other units, can apply to the final exam of Diploma in Management Accounting (CIMA Dip MA).
Upon completing this module syllabus, you will be one step closer to having a career in business and finance. While this module does not give you direct access to gain employment, you have the opportunity to take the rest of the modules in the CIMA Operational Level Certificate. A career in management accounting is waiting for you, and will provide a clear path to progress in your desired employment. Companies worldwide, irrespective of their size require the services and knowledge of management accountants. Management Accountants are marketable across multiple industries. Management Accountant https://www.payscale.com/research/UK/Job=Management_Accountant/Salary
Course Curriculum
| 1. E1: Managing Finance in a Digital World | |||
| E1: Managing Finance in a Digital World | |||
| Chapter 1 - The Finance Function In The Digital Age | |||
| The Digital Mindset | |||
| The Shape Of The Finance Function | |||
| Chapter 2 - The Finance Functions | |||
| Introduction | |||
| The Components Of The Finance Function | |||
| Relationships Within The Organisation | |||
| Potential Conflicts Of Interest Within The Finance Role | |||
| Chapter 3 - Technology And Information | |||
| The Fourth Industrial Revolution | |||
| The Nature Of Information | |||
| The Qualities Of Good Information | |||
| IT Choices | |||
| The ‘Web’, The Internet, Intranets And Extranets | |||
| Big Data | |||
| Software For Big Data | |||
| Extraction, Transformation And Loading | |||
| Business Intelligence | |||
| Monetising Data | |||
| Chapter 4 - Operations Management | |||
| What Is Operations Management | |||
| The Supply Chain | |||
| Supply Portfolios | |||
| Chapter 5 - Management Of Relationships Within The Supply Chain | |||
| Lean Synchronisation | |||
| Supply Chain Relational Management | |||
| Materials Resource Planning (MRP I) And Manufacturing Resource Planning (MRP II) | |||
| Statistical Process Control | |||
| Chapter 6 - Process Technology And Quality Control | |||
| Computer Numerical Control | |||
| Robots | |||
| Automated Guided Vehicles (AGV) | |||
| Flexible Manufacturing System | |||
| Computer-Integrated Manufacturing (CIM) | |||
| Quality Management | |||
| Reverse Logistics | |||
| Chapter 7 – Marketing | |||
| What Is Marketing | |||
| PESTEL Analysis | |||
| Market Segmentation | |||
| Market Targeting | |||
| 7 P’s | |||
| Social Media | |||
| The Impact of E-Business | |||
| Chapter 8 - Marketing Tools | |||
| Marketing Research | |||
| Business To Consumer, Business To Business And Business To Government Marketing | |||
| The Marketing Of Services And Products Compared | |||
| Relationship Marketing | |||
| Experiential Marketing | |||
| Brands | |||
| Product Life Cycle | |||
| Boston Consulting Group Matrix | |||
| Chapter 9 - Human Resource Planning (I) | |||
| The Importance Of Human Resource Management (HRM) | |||
| HR Cycle | |||
| Chapter 10 - Human Resource Planning (II) | |||
| Appraisal | |||
| Competence Frameworks | |||
| Training And Development | |||
| Employee Motivation | |||
| Rewards | |||
| Chapter 11 - Ethics | |||
| What Are Ethics? | |||
| The Importance Of Ethics In Business | |||
| CIMA’s Ethical Guidelines | |||
Ali Reid
A very well taught course.
Gabby Mason
Excellent material. The course gave me a clear understand budgets, how they are prepared and implemented within an organisation. What is the impact of budgets and how can you use risk management tools in the short term decision making process.
Aaren Hughes
I found the material to be concise and well-presented. The course covers important topics such as how finance is integral to how other parts of an organisation works and how it interacts with the rest of the organisation to achieve a common goal.
Mell Barker
It covered all materials with solid examples.
Jordan Robertson
Great course to build the basics of Management Accounting. Fully recommend for anyone who wants to continue learning on the finance path.
Steff Harvey
An amazingly structured course.
Skye Francis
Finance is integral to an organisation and this well was defined throughout the training. The provider made a great effort to ensure the students are up to standard, by offering practice tests and numerous quizzes to get us ready for the main exam.
Ashton Miller
It’s perfect course for someone willing to understand the financial books of a company and how to read them to evaluate performance of that entity. Finance plays a central role within an organisation and it’s important to understand how technologies can impact finance functions.