CIMA E1 Syllabus D. Shape And Structure Of The Finance Function - Level 3 - Digital Centres Of Excellence - Notes
Level 3 of the diamond
Digital Centres of Excellence
At this level, experts provide insight derived from the information that has been handed over to
them from level 4.
The four components at this level are:
Financial planning and analysis
Taxation
Project management
Project appraisal
Financial planning and analysis
This team helps the organisation to set, monitor and evaluate progress towards achieving organisational goals and objectives.
The specialists utilise both quantitative and qualitative analysis of all the operational aspects of the organisation in order to do so.
Taxation
The tax specialists focus on:
Tax compliance - following the rules and regulations
Tax planning - reduce the total tax paid
Project Management
These teams work to deliver projects within a timeframe, of the correct quality and within budget.
There are five stages to the project management process:
Initiation
Planning
Executing
Controlling
Review and close
Project Appraisal
These teams provide costs and benefits of a new project.
It takes place as part of the first stage (initiation) of the project management process.
Projects can be appraised using a number of different techniques
Payback
Net Present Value(NPV)
Internal rate of return(IRR)