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Accountant CIMA-SCS Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Evaluate and Mitigate Risk | 15–25% | - Identify and categorise strategic, operational, financial and compliance risks - Recommend risk mitigation and response strategies - Assess risk likelihood and impact - Design and evaluate risk management frameworks and controls |
| Topic 2: Recommend Financing Strategies | 15–25% | - Evaluate mergers, acquisitions and divestment decisions - Assess capital structure and cost of capital - Recommend dividend, investment and financing policies - Evaluate funding requirements and sources |
| Topic 3: Develop Business Strategy | 15–25% | - Formulate strategic options and select appropriate strategies - Evaluate internal and external environments - Analyse organisational mission, vision and objectives - Plan strategy implementation and governance |
| 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% | - Recommend assurance and reporting processes - Evaluate governance structures and ethical frameworks - Design and assess internal control systems - Ensure compliance with laws, regulations and standards |
Accountant Strategic Case Study Sample Questions:
Question 1
- Differentiator- persuading customers that the product is superior to that offered by competitors
- Cost Leader - lowest cost provider compared to competitors
-Focus- aimed at a segment of the market
A. Porters Generic Strategies - how to gain competitive advantage
B. AICPA reporting framework (cyber security objectives)
C. Clientele effect
D. Strategic Options
Question 2
*Stable dividend policy- paying a constant or constantly growing dividend each year.
*Constant payout ratio- paying out a constant proportion of equity earnings
*Zero dividend policy- all surplus earnings are invested back into the business
*residual dividend policy- a dividend is paid only if there are no further positive NPV projects available
*Ratchet Patterns- paying out a stable but rising dividend each year eg, dividends lag behind earnings
A. Dividend Policies
B. Signalling effect
C. Clientele effect
D. Strategic Options
Question 3
*shareholders are offered bonus shares as an alternative to a cash dividend
*share price and EPS are likely to fall due to the increase in shares in issue, however the value of the shareholder's shares and future earnings are unchanged
A. Signalling effect
B. Clientele effect
C. Strategic Options
D. Scrip dividend
Question 4
- Formal record of main risks organisation faces
- Should have information about each risk in detail
- Provides risk responses (risk-mitigating control actions)
- Shows who is responsible for each risk
A. Risks of robotics for Daistruk
B. Risk Register
C. Aim of integrity of data
D. Roles of NED's
Question 5
- Self-interest
- Self-review
- Advocacy
- Familiarity
- Intimidation
- Adverse interest
A. Threats to compliance with fundamental ethical principles
B. Risks with Focus Strategy
C. Reason why poor corporate governance causes failure
D. Strategic risks of Drone investment for Daistruk
Solutions:
| Question 1 Answer: A | Question 2 Answer: A | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: A |



