Available Number of Questions: Maximum of
276 Questions
Exam Name: P3 Risk Management
Related Certification(s):
CIMA Professional Qualification Certification
CIMA CIMAPRO19-P03-1 Exam Topics - You’ll Be Tested in Actual Exam
The CIMA CIMAPRO19-P03-1 exam is a comprehensive assessment that evaluates your knowledge and skills in various areas of financial management and strategic business planning. It covers a wide range of topics, including financial reporting and analysis, corporate governance, risk management, and strategic decision-making. This exam is designed to test your ability to apply theoretical concepts to real-world business scenarios and make informed financial decisions. Throughout your exam preparation journey, you'll delve into intricate topics such as the intricacies of financial statement analysis, the nuances of corporate governance practices, and the art of risk assessment and management. Additionally, you'll explore the strategic dimensions of business planning, including market analysis, competitive positioning, and the formulation of effective business strategies. Navigating through these complex subjects can be challenging, but with the right approach and resources, you can develop a deep understanding of these topics and confidently tackle the exam. As you progress through your studies, it's crucial to adopt a structured and focused study plan. This involves allocating dedicated time for each topic, ensuring a comprehensive understanding of the key concepts and their practical applications. Additionally, practicing with past exam questions and sample tests can significantly enhance your performance, allowing you to familiarize yourself with the exam format and time management strategies. Remember, consistent practice and a thorough grasp of the material are essential for success in the CIMA CIMAPRO19-P03-1 exam.
CIMA CIMAPRO19-P03-1 Exam Short Quiz
Attempt this CIMA CIMAPRO19-P03-1 exam quiz to self-assess your preparation for the actual CIMA P3 Risk Management exam. CertBoosters also provides premium CIMA CIMAPRO19-P03-1 exam questions to pass the CIMA P3 Risk Management exam in the shortest possible time. Be sure to try our free practice exam software for the CIMA CIMAPRO19-P03-1 exam.
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CIMA CIMAPRO19-P03-1 Exam Quiz
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CIMACIMAPRO19-P03-1
Q1:
CW is a large company in the food production industry. It has grown over the years by the acquisition of several smaller rivals CW has ten branches located in its home country and has just opened a foreign branch for the first time It has recently made some changes to the structure and implementation of its control system.
Which TWO of the following changes would be most likely to improve the overall control system?
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ACW has just opened a bank account in the currency in which the newly opened branch is now operating
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BEstablishing an internal audit department
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CExcess funds are now invested, by the finance director, in short-term securities The finance director initiates buy and sell transactions and she also receives and retains all correspondence relating to the investments
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DPurchase invoices are now approved for payment at branches and a list of approved invoices are sent to head office for payment The invoices, supporting documentation and suppliers' statements are retained at the branches
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EA policy has been initiated to complete a physical inventory of all non-current assets at least annually This is then reconciled with the non-current asset register
CIMACIMAPRO19-P03-1
Q2:
Which TWO of the following scenarios should be considered in strategic scenario planning by a publishing company that specialises in academic textbooks?
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AThere could be a change in the technology used by consumers, such as smaller mobile phones with smaller screens
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BBudget changes could have an impact on the funding available to college and university libraries
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CThe terms offered by media companies for film rights for books could change
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DThe quality of output from printing presses might improve
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EEnvironmental concerns could lead to a decrease in the availability of trees to make paper
CIMACIMAPRO19-P03-1
Q3:
Which method of quantifying risk exposure can be used to calculate the maximum loss on a portfolio occurring within a period of time with a given probability?
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AValue at Risk
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BRegression analysis
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CSimulation
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DExpected value
CIMACIMAPRO19-P03-1
Q4:
The senior manager in the accounts department is going on annual leave for three weeks and Jo, a supervisor is being put in charge of the department for that time
Which TWO of the following statements are correct?
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AAuthorisation of exceptional overtime due to the year end which takes place while the senior manager is on leave should be postponed until the senior manager returns
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BThe annual staff appraisals should be postponed until the senior manager returns
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CAuthorisation of expenses should wait until the senior manager returns.
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DJo should not have all of the same authority as the senior manager
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EJob interviews for an office junior should be cancelled until the senior manager returns.
CIMACIMAPRO19-P03-1
Q5:
DRF is a manufacturing company
The internal auditor is conducting an investigation into the operation of the payroll system and has discovered a compliance error
The Head of Human Resources (HR) is required to add any new names to the payroll, using a specific computer password The Head of HR was absent for a month because of ill health During that period a senior member of the Wages Office, who is normally responsible only for organising wage payments, was issued a temporary password in order to add new names to the payroll The password was cancelled when the Head of HR returned to work
Which TWO of the following statements are correct?
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AThe senior member of the Wages Office should be disciplined for being in breach of the rules
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BThe senior member of the Wages Office could have committed fraud
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CThe compliance error should be overlooked because it was as a result of staff absence
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DThe internal auditor should ignore the error because it only lasted for one month
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EThe payroll should be checked thoroughly to ensure that only authorised staff are present
