Sunday, 28 June 2015

Cima E1 Exam Question No 19

Question No 19:

"If an external auditor does not agree with the directors ' treatment of a material item in the
accounts; the first action they should take is to

Give a qualify ed opinion of the financial statements
Give an unqualified ed opinion of the financial statements
Force the directors to change the treatment of the item in the accounts
Persuade the directors to change the treatment of the item in the accounts"

Answer: D

Sunday, 21 June 2015

Cima E1 Exam Question No 18

Question No 18:

An external auditor gives a qualified audit report that is a " disclaimer of opinion " .
This means that the auditor:

Has been unable to agree with an accounting treatment used by the directors in relation
to a material item.
Has been prevented from obtaining sufficient appropriate audit evidence.
Has found extensive errors in the financial statements and concludes that they do not
show a true and fair view.
Has discovered a few immaterial differences that do not affect the auditor's opinion."

Answer: B

Wednesday, 17 June 2015

Middlesex University triumphs at the Middle East finals of CIMA Global Business Challenge 2015:

Middlesex University triumphs at the Middle East finals of CIMA Global Business Challenge 2015:

Middlesex University was crowned champion in the regional final of the Middle East of the CIMA Global Business Challenge (GBC) 2015, the international commercial competition organized by the Chartered Institute of Management Accountants in association with Barclays. Middle East stage of the competition is supported by the Ministry of Finance - Government of Dubai, Emirates Aluminium Global, Unilever and BMMI.Revenution team Middlesex University, including Rini Jacob Sarita Rani, Macy and Mihika Arun D'sa, were declared winners. At the regional finals, the team had to present their solutions to real life business scenario CIMA industry based on oil and gas. They also had to participate in a session of questions to a panel of judges.The team will now represent the Middle East at the World Finals in Warsaw, Poland, in August 2015. They will compete against 25 other teams from around the world.Dr. Vijaya Kumar, professor and representative of Middlesex University, said: "We are delighted to have won the Business Challenge 2015 Regional Finals Competition World CIMA was an amazing experience and we could practice and develop our knowledge and business skills we are proud of.. Middle East represent to the world finals and hope to show that we can be the best in the world ".Geetu Ahuja, Head of GCC CIMA, said. "Congratulations to the University of Middlesex in their outstanding achievement by winning the final Middle East CIMA GBC 2015 The standard of all the competitors was very high and it was a privilege to attend such extraordinary Performance World Final will give the team the opportunity to represent the best and brightest business talent emerging in the Middle East. I am sure that the challenge and wish them every success. "Andrew Harding, president of CIMA, said: "As a leader in the world and the largest body of management accounting, we are proud to support the development of professionals with the skills and knowledge that the Global Demand Business Challenge employer is an extension of that mission., which helps us identify the next generation of business leaders, to promote their skills and provide a unique experience improved career. "

Sunday, 14 June 2015

Cima E1 Exam Question No 17

Question No 17:

What are Targeting?
  • Issues to be considered:
  • Size of segment
  • Growth potential
  • Profit potential
  • Degree of competition
  • Accessibility
  • Barriers to entry

Monday, 8 June 2015

Cima E1 Exam Question No 16

Question No 16:

What is 4 bases for segmentation?

Demographic[Age Gender Geographical area Family life cycle]
Socio-economic [Occupation Income]
Psychological [Lifestyle Attitudes Values]
Situational [Occasion of use Frequency of purchase]