CIMA Enterprise Pillar The Global Business Environment

CIMA Enterprise Pillar The Global Business Environment : The Chartered Institute of Management Accountants (CIMA) qualification is one of the most globally-recognised and sought-after business accreditations. It combines accounting, finance and management with the leading-edge skills and techniques that drive successful modern businesses. Revision is more than memorising facts and going over notes. You can practice an exam by answering real questions from past papers. This will give you a better chance of passing.

CIMA Enterprise Pillar The Global Business Environment

CIMA Enterprise Pillar The Global Business Environment : Lead

1. explain the social, political and economic context of business.

2. analyse the relationship between the internal governance of the firm and external sources of governance and regulation.

CIMA Enterprise Pillar The Global Business Environment

CIMA Enterprise Pillar The Global Business Environment : Component

explain the social, political and economic context of business.

a) explain the emergence of major economies in Asia and Latin America;

(b) explain the emergence and importance of outsourcing and offshoring;

(c) explain the impact of international macroeconomic developments (e.g. long-term shifts in trade balances), on the organisation’s competitive environment.

CIMA Enterprise Pillar The Global Business Environment

CIMA Enterprise Pillar The Global Business Environment : Component

analyse the relationship between the internal governance of the firm and external sources of governance and regulation

(a) explain the principles and purpose of corporate social responsibility and the principles of good corporate governance in an international context;

(b) analyse relationships among business, society and government in national and regional contexts;

(c) apply tools of country and political risk analysis;

(d) discuss the nature of regulation and its impact on the firm.

CIMA Enterprise Pillar The Global Business Environment

CIMA Enterprise Pillar The Global Business Environment : Indicative syllabus content

explain the social, political and economic context of business.

• Cross-cultural management and different forms of business organisation.

• Emerging market multinationals.

• Liberalisation and economic nationalism.

• Outsourcing and offshoring.

• Major economic systems including US, European and transition economies.

• National account balances (especially from international trade), monetary policy and their impact on markets.

CIMA Enterprise Pillar The Global Business Environment

CIMA Enterprise Pillar The Global Business Environment : Indicative syllabus content

analyse the relationship between the internal governance of the firm and external sources of governance and regulation

Corporate governance, including stakeholders and the role of government.

• Principles of corporate social responsibility and the scope for international variation, e.g. between developed and developing economies.

• Business-government relations in developed and developing economies.

• Regulation in the national and international context and its impact on the firm.

• Role of institutions and governance in economic growth.

• Corporate political activity in developed and developing markets.

• Country and political risk.

CIMA Enterprise Pillar The Global Business Environment

CIMA Enterprise Pillar The Global Business Environment :

The focus of Strategic level is on the long term and setting the strategy for the business. In the Strategic Case Study exam, your role will be that of a Senior Finance Manager.

E3 Strategic  Management

Covers:

• Interacting with the organisation’s environment20%
• Evaluating strategic position and strategic options30%
• Leading change20%
• Implementing strategy15%
• The role of information systems in organisational strategy15%

You will learn how to:

• Develop the skills and abilities needed by strategic leaders to direct and achieve the long-term success of their organisations
• Formulate and implement strategy
• Successfully lead and manage change

P3 Risk Management

Covers:

• Identification, classification and evaluation of risk20%
• Responses to strategic risk20%
• Internal controls to manage risk20%
• Managing risks associated with cash flows20%
• Managing risks associated with capital investment decisions20%

You will learn how to:

• Identify, evaluate and respond to risks that could impact on the implementation of strategy
• Develop the competencies required to analyse and apply the techniques, processes and internal control systems required to manage risk
• Manage risks associated with both cash flows and capital investment decisions

F3 Financial Strategy

Covers:

• Formulation of financial strategy25%
• Financing and dividend decisions35%
• Corporate finance40%

You will learn how to:

• Formulate and implement financial strategy to support the overall strategy of the organisation
• Develop skills to evaluate and recommend alternative sources of finance
• Develop competencies required to value investment opportunities including divestments, mergers and acquisitions

CIMA Enterprise Pillar The Global Business Environment