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Accountant CIMA-SCS Exam Syllabus Topics:

SectionWeightObjectives
Evaluate Business Ecosystem and Environment15–25%- Analyse macro-environmental factors (political, economic, social, technological, legal, environmental)
- Assess impact of digital transformation and innovation
- Evaluate stakeholder interests and influence
- Assess industry structure and competitive forces
Develop Business Strategy15–25%- Analyse organisational mission, vision and objectives
- Evaluate internal and external environments
- Plan strategy implementation and governance
- Formulate strategic options and select appropriate strategies
Evaluate and Mitigate Risk15–25%- Assess risk likelihood and impact
- Identify and categorise strategic, operational, financial and compliance risks
- Recommend risk mitigation and response strategies
- Design and evaluate risk management frameworks and controls
Recommend Financing Strategies15–25%- Recommend dividend, investment and financing policies
- Evaluate mergers, acquisitions and divestment decisions
- Evaluate funding requirements and sources
- Assess capital structure and cost of capital
Recommend and Maintain Sound Control Environment15–25%- Design and assess internal control systems
- Ensure compliance with laws, regulations and standards
- Evaluate governance structures and ethical frameworks
- Recommend assurance and reporting processes

Accountant Strategic Case Study Sample Questions:

- Prioritises risks and focuses investment on the most important
- Keeps the board informed of risks
- Ensures a variety of risk-mitigating controls are in place
- Allocates responsibility for control actions and sets deadlines
- Provides evidence of proactive risk management to internal and external parties.

  • A. Risks of robotics for Daistruk
  • B. Roles of the chief executive
  • C. Reasons to use a risk register
  • D. Responses to unethical behaviour
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Chervil

  • A. Similar to parsley
  • B. Feathery leaves may be curly or flat
  • C. Feathery shape with strong aroma
  • D. Very small leaves
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

- Forward contract
- Money market hedging
- Currency futures
- Currency options

  • A. External hedging techniques
  • B. What will investment affect?
  • C. Examples of financing decisions
  • D. Future free cashflow valuation
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

- Involved in strategic initiatives and implementation of those strategies
- Reports back to board
- Involved in risk management in organisation

  • A. Roles of the chief executive
  • B. Responses to unethical behaviour
  • C. Roles of the chairman
  • D. Sources of reputational risk
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

- Paid in cash immediately but some is deferred until target company achieves performance targets after acquisition
- Mainly used to protect acquiring company when it aquires a smaller business

  • A. Share for share exchange
  • B. Daistruk currency risks
  • C. Advantages of earnout
  • D. Earnout payment method
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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