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Operational Level
Cima P1 November 2014
Cima E1 November 2014
Cima F1 November 2014
Management Level
Cima P2 November 2014
Cima E2 November 2014
Cima F2 November 2014
Strategic Level
Cima P3 November 2014
Here you find Cima's all level Past Papers for
last 5 years
Cima E3 November 2014
Cima F3 November 2014
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Operational Level
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Cima P1 November 2014
SECTION A 20 MARKS You are advised to spend no
longer than 36 minutes on this question. ANSWER
ALL EIGHT SUB-QUESTIONS IN THIS
SECTION Instructions for answering Section A The
answers to the eight sub-questions in Section A
should ALL be written in your answer book. Your
answers should be clearly numbered with the
sub-question number then ruled off, so that the
markers know which sub-question you are
answering. For multiple choice questions, you
need only write the sub-question number and the
letter of the answer option you have chosen. You
do not need to start a new page for each
sub-question. For sub-questions 1.6 to 1.8 you
should show your workings as marks are available
for the method you use to answer these
sub-questions. Question One 1.1 The economic
order quantity is the order quantity which
results in A. the lowest cost of ordering
inventory. B. the highest discount from
suppliers. C. the lowest combined total costs of
ordering and holding inventory. D. the lowest
cost of holding inventory. (2 marks) For
Complete File Cima P1 Past Papers
Operational Level
Cima P1 November 2014
Cima E1 November 2014
Cima F1 November 2014
Cima All Levels Past Papers Available Here!! Cima
Past Papers
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Cima E1 November 2014
SECTION A 20 MARKS You are advised to spend no
longer than 36 minutes on this question. ANSWER
ALL EIGHT SUB-QUESTIONS IN THIS
SECTION Instructions for answering Section A The
answers to the eight sub-questions in Section A
should ALL be written in your answer book. Your
answers should be clearly numbered with the
sub-question number then ruled off, so that the
markers know which sub-question you are
answering. For multiple choice questions, you
need only write the sub-question number and the
letter of the answer option you have chosen. You
do not need to start a new page for each
sub-question. Question One 1.1 Which ONE of the
following is NOT associated with the internal
governance of a company? A. The use of
non-executive directors (NEDs) B. Annual
environmental reporting C. The operation of
remuneration committees D. The operation of audit
committees (2 marks) For Complete File Cima E1
Past Papers
Operational Level
Cima P1 November 2014
Cima E1 November 2014
Cima F1 November 2014
Cima All Levels Past Papers Available Here!! Cima
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Cima F1 November 2014
SECTION A 20 MARKS You are advised to spend no
longer than 36 minutes on this question. ANSWER
ALL EIGHT SUB-QUESTIONS IN THIS
SECTION Instructions for answering Section A The
answers to the eight sub-questions in Section A
should ALL be written in your answer book. Your
answers should be clearly numbered with the
sub-question number then ruled off, so that the
markers know which sub-question you are
answering. For multiple choice questions, you
need only write the sub-question number and the
letter of the answer option you have chosen. You
do not need to start a new page for each
sub-question. Question One 1.1 The effective
incidence of a tax is A. the date the tax is
actually B. the person or entity that finally
bears the cost of the C. the date the tax
assessment is D. the person or entity paying the
tax (2 marks) For Complete File Cima F1 Past
Papers
Operational Level
Cima P1 November 2014
Cima E1 November 2014
Cima F1 November 2014
Cima All Levels Past Papers Available Here!! Cima
Past Papers
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Management Level
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Cima P2 November 2014
SECTION A 50 MARKS You are advised to spend no
longer than 18 minutes on each question in this
section. ANSWER ALL FIVE QUESTIONS IN THIS
SECTION. EACH QUESTION IS WORTH 10 MARKS. YOU
SHOULD SHOW YOUR WORKINGS AS MARKS ARE AVAILABLE
FOR THE METHOD YOU USE. Question One PK is a
large public company in the telecommunications
sector. One of its main planning and control
tools is the preparation and use of traditional
annual budgets. Whilst this may be appropriate
for the Sales and Manufacturing divisions, it
draws criticisms from the directors of divisions
such as Training and Education, Advertising and
Publicity, and Research and Development who are
responsible for large amounts of discretionary
expenditure. These directors have submitted a
joint report to the Finance Director which
suggests that Zero- Based Budgeting (ZBB) should
be used for their respective divisions. The
Finance Director has agreed to use the Research
and Development division as a pilot for ZBB for
the next financial year. Question Two CD
manufactures and sells a number of products. All
of its products have a life cycle of less than
one year. CD uses a four stage life cycle model
(Introduction, Growth, Maturity and
Decline). For Complete File Cima P2 Past Papers
Management Level
Cima P2 November 2014
Cima E2 November 2014
Cima F2 November 2014
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Cima E2 November 2014
SECTION A 50 MARKS You are advised to spend no
longer than 18 minutes on each question in this
section. ANSWER ALL FIVE QUESTIONS IN THIS
SECTION. EACH QUESTION IS WORTH 10 MARKS. YOU
SHOULD SHOW YOUR WORKINGS AS MARKS ARE AVAILABLE
FOR THE METHOD YOU USE. Question One FZP
Pharmaceutical Company has a published mission
statement which refers to its commitment to act
in a socially responsible manner. At a recent
Board meeting the Chief Executive presented a
number of proposals outlining what she thinks the
company should do to live up to its stated
mission, including the recommendation that the
company should have an eco-balance sheet which
includes financial data on environmental costs.
She has commented that at present the company is
simply complying with legislation. The Chief
Executives proposals include the introduction of
a number of social responsibility specific
objectives linked to reducing carbon emissions in
production processes, recycling and waste
disposal. These actions will require investment
in clean production technologies. She also wants
to support the local economy through making
financial donations and seconding staff to help
local charities. Not all members of the Board
support the Chief Executives proposal. In
particular, she is facing strong opposition from
the Finance Director. He is concerned about the
investment required to implement the proposals
and has suggested they could have a negative
impact on For Complete File Cima E2 Past Papers
Management Level
Cima P2 November 2014
Cima E2 November 2014
Cima F2 November 2014
Cima All Levels Past Papers Available Here!! Cima
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Cima F2 November 2014
SECTION A 50 MARKS You are advised to spend no
longer than 18 minutes on each question in this
section. ANSWER ALL FIVE QUESTIONS IN THIS
SECTION. EACH QUESTION IS WORTH 10 MARKS. YOU
SHOULD SHOW YOUR WORKINGS AS MARKS ARE AVAILABLE
FOR THE METHOD YOU USE. Question One NB operates
a defined benefit pension plan for its employees.
At 1 April 2013 the fair value of the pension
plan assets was 8,200,000 and the present value
of the pension plan liabilities was
8,500,000. The actuary estimated that the
service cost for the year to 31 March 2014
was 2,100,000. The pension plan paid 500,000 to
retired members and NB paid 1,900,000 in
contributions to the pension plan in the year to
31 March 2014. The actuary estimated that the
relevant discount rate for the year to 31 March
2014 was 6. On 31 March 2014 NB announced
improvements to the benefits offered by the
pension plan to all of its members. The actuary
estimated that the past service cost associated
with these improvements was 2 million. At 31
March 2014 the fair value of the pension plan
assets was 10,200,000 and the present value of
the pension plan liabilities (including the past
service costs) was 12,500,000. For Complete
File Cima F2 Past Papers
Management Level
Cima P2 November 2014
Cima E2 November 2014
Cima F2 November 2014
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Strategic Level
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Cima P3 November 2014
SECTION A 50 MARKS You are advised to spend no
longer than 18 minutes on each question in this
section. ANSWER ALL FIVE QUESTIONS IN THIS
SECTION. EACH QUESTION IS WORTH 10 MARKS. YOU
SHOULD SHOW YOUR WORKINGS AS MARKS ARE AVAILABLE
FOR THE METHOD YOU USE. Question One Some of Ys
most popular products contain peanuts. This
creates a problem for Y because many people are
allergic to peanuts and some can suffer
life-threatening reactions if they are exposed to
the slightest trace of peanuts. The products that
contain peanuts are clearly identified on the
packaging but there is a danger that there can be
cross contamination amongst products. This can
occur if Ys equipment has been used to produce a
product that contains peanuts and it is then used
for other products or if production staff have
handled peanuts and have not changed their gloves
or overalls before working on another
product. Problems can also occur because some of
Ys bought-in ingredients contain peanut oil.
Again, small traces of those ingredients can be
very dangerous to allergy sufferers. Y requires
suppliers to identify which of the ingredients
that they supply contain peanut oil. Ys board
has classified the risks associated with peanuts
as high impact and high likelihood. Ys board
requires that the risks are kept under constant
review. It would be impossible to eliminate
peanuts from the production process altogether
because too many products contain peanuts or
ingredients that include peanut oil. For
Complete File Cima P3 Past Papers
Strategic Level
Cima P3 November 2014
Cima E3 November 2014
Cima F3 November 2014
Cima All Levels Past Papers Available Here!! Cima
Past Papers
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Cima E3 November 2014

• SECTION A 50 MARKS
• You are advised to spend no longer than 18
  minutes on each question in this section.
• ANSWER ALL FIVE QUESTIONS IN THIS SECTION. EACH
  QUESTION IS WORTH 10 MARKS. YOU SHOULD SHOW YOUR
  WORKINGS AS MARKS ARE AVAILABLE FOR THE METHOD
  YOU USE.
• Question One
• Y intends to continue to develop through the
  delivery of the two strategic objectives
  (pre-seen page 3) to ensure the continued growth
  of the business. The two strategic objectives
  are
• Strategic objective 1 (SO1) To engage with the
  widest range of customers through the development
  of Ys markets and products through a wide
  variety of sales The focus of this is on the
  delivery of products the customer demands, where
  they are required and when they are wanted.
• Strategic objective 2 (SO2) To enhance the
  customer experience through strong and effective
  customer relationship The focus of this is on
  clear and consistent branding and marketing to
  encourage customer retention and loyalty all the
  year round.
• Ys sales development strategies
• Y currently operates its own retail stores and a
  number of franchise outlets on the high streets
  of towns and cities throughout Europe. Due to the
  continued challenges to the European economy, Ys
  sales on the high street have been reducing
  annually for the last 5 years.
• For Complete File Cima E3 Past Papers

Strategic Level
Cima P3 November 2014
Cima E3 November 2014
Cima F3 November 2014
Cima All Levels Past Papers Available Here!! Cima
Past Papers
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Cima F3 November 2014
SECTION A 50 MARKS You are advised to spend no
longer than 18 minutes on each question in this
section. ANSWER ALL FIVE QUESTIONS IN THIS
SECTION. EACH QUESTION IS WORTH 10 MARKS. YOU
SHOULD SHOW YOUR WORKINGS AS MARKS ARE AVAILABLE
FOR THE METHOD YOU USE. Question One Y
implemented a number of changes to the business
during 2014 in an attempt to boost revenues,
including a shift in focus from selling its
products through its own stores to selling
through external supermarkets. As a result, Y
closed many of its own stores. It also heavily
promoted its products for sale through external
supermarkets by commissioning television adverts
and paying for prominent displays at the ends of
aisles and near to points of sale. There have
therefore been some large one-off costs in the
first half of 2014. The shift in business
strategy has resulted in a significant increase
in both the volume of goods sold and total
revenue in the first 9 months of 2014. However,
there has been a negative effect on profit
margins which fell markedly. Taking the one-off
costs into account, revised forecast results for
the year ending 31 December 2014 show a lower
profit after tax figure than in the previous
year. Once they were aware of the situation, the
directors recognised that they had an
obligation For Complete File Cima F3 Past
Papers
Strategic Level
Cima P3 November 2014
Cima E3 November 2014
Cima F3 November 2014
Cima All Levels Past Papers Available Here!! Cima
Past Papers
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