CIMA E1 Syllabus A. Role of the finance function - Information To Impact Framework - Notes 1 / 5
Information to Impact Framework
The structure of the finance function and the activities that finance professionals perform can be summarised using the information to impact framework.
| Finance Activity | Explanation Of Finance Activity | Also known as | Example |
|---|---|---|---|
| Assembling Information | This stage involves cleaning data and connecting different sources of data. It collates data to prepare information about the organisation. | REPORTING | Management information in an accessible format for managers |
| Analysing for Insights | Provides insights to users by analysing information. | QUESTIONING | Comparison of information with budgeted or historical figures |
| Advising to Influence | Communicates insight to influence users. | DEVELOPING SOLUTIONS | Contribute an objective and a responsible perspective |
| Applying for Impact | Supports the implementation of decisions to achieve the desired impact. | DEPLOYING SOLUTIONS | Here, finance professionals will support the decisions made to help achieve the desired impact |
| Acumen | This connects the different activities to each other and covers the entire framework. | Preparing valuable information on outcomes achieved from the different initiatives to help inform future proposals |
Moving from left to right in the framework
Moving from left to right there is a shift in emphasis between:
Accounting and governance and Guidance and management
For example, on the extreme left hand side, we are reporting and on the extreme right hand side we are deploying solutions to reach profitable goals.