Cambridge University team wins CIMA Global Business Challenge

 Cambridge University team wins CIMA Global Business Challenge:

A team of students from the University of Cambridge has achieved significant success in a competitive race designed to find the next generation of business leaders.The end of the UK Chartered Institute of Management Accountants (CIMA) Global Business Challenge, in partnership with Barclays, was held in London and saw the Rainbow team take the honors.They had to find solutions to a business scenario CIMA real life on the basis of the oil and gas, and now represent the UK at the world finals in Warsaw next month."Competition has been an amazing experience so far, offer exposure to the financial aspects of the company and allows us to explore future career plans," said Xin Ling Ng, team leader.Andrew Harding CIMA added: "The challenge of global business helps us identify the next generation of entrepreneurs, their ability to feed and provide a unique experience improved career."

Cima E1 Exam Question No 20

Question No 20:

What is Different Economic Systems?

• Planned economy
• free market (capitalist) system.
• mixed economic system

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

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

Answer: D

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:

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

Answer: B

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. "

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

Cima E1 Exam Question No 16

Question No 16:

What is 4 bases for segmentation?

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