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Accountant CIMA-SCS Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Develop Business Strategy | 15–25% | - Analyse organisational mission, vision and objectives - Formulate strategic options and select appropriate strategies - Plan strategy implementation and governance - Evaluate internal and external environments |
| Topic 2: Evaluate and Mitigate Risk | 15–25% | - Identify and categorise strategic, operational, financial and compliance risks - Assess risk likelihood and impact - Recommend risk mitigation and response strategies - Design and evaluate risk management frameworks and controls |
| Topic 3: Recommend Financing Strategies | 15–25% | - Evaluate mergers, acquisitions and divestment decisions - Evaluate funding requirements and sources - Recommend dividend, investment and financing policies - Assess capital structure and cost of capital |
| Topic 4: Evaluate Business Ecosystem and Environment | 15–25% | - Assess impact of digital transformation and innovation - Assess industry structure and competitive forces - Analyse macro-environmental factors (political, economic, social, technological, legal, environmental) - Evaluate stakeholder interests and influence |
| Topic 5: Recommend and Maintain Sound Control Environment | 15–25% | - Evaluate governance structures and ethical frameworks - Recommend assurance and reporting processes - Design and assess internal control systems - Ensure compliance with laws, regulations and standards |
Accountant Strategic Case Study Sample Questions:
Question 1
- Staff recruitment needed for drone operators = expensive, need to know local laws, H&S
- Demand for drone deliveries could vary
- Public safety risk
- Cost of investment
A. Impact of downtime for Daistruk IT system
B. Arguments for using internal audit department in fraud situations
C. Threats to compliance with fundamental ethical principles
D. Strategic risks of Drone investment for Daistruk
Question 2
- Allows money to be converted right away
- Converted at known ex. rate so currency risk is avoided
A. Adv. of Currency Futures
B. Adv. of Money Market Hedge
C. Types of valuation models
D. Disadv. of Currency Options
Question 3
- Makes sure board meetings are held properly
- Ensures good quality info is going all board members
- Ensures relationship between executive and non-executives are working well
- Evaluates chief exec.'s performance
A. Roles of the chairman
B. Governance definition
C. Roles of the chief executive
D. Roles of NED's
Question 4
Cooked
A. White
B. Red
C. Blue
D. Green
Question 5
Not less then 110•F
A. Manual rinse
B. Manual wash
C. Manual sanitizing
D. Narrow leave
Solutions:
| Question 1 Answer: D | Question 2 Answer: B | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: B |
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