CIMA’s 22-page OCS pre-seen has hit the streets, ready for those May exams.
We say watch out for ChargeIT’s FD here. Ben Da Silva is known as a ‘techie’ and wants to improve digital technology to help processes become more efficient. He’s also got a bit of a rep as being tight with money!
The finance teams role hasn’t changed since the company was formed in 2001, and the day-to-day transaction processes takes up much of the small team’s time. I would expect that to change.
Sitters take on the mantle of the finance officer, whose main role is to support Sophie Jacobs, the FM. Your tasks include annual budget prep, producing monthly management accounts, and other information when required. You also assist with the financial statements and deal with any queries regarding financial reporting.
You are working for ChargeIT, which develops cordless domestic electrical products, and the company is a leading light in battery technology. It’s a husband and wife firm too – they own the equity.
One interesting move back in 2016 was to bring manufacturing home (to Eastland) from South-East Asia.
Lithium-ion battery power and robotic cleaners are the news stories at the tail end of the case, so watch out for something on this. Check out the profit-margins on those robotic hoovers.
Oh, and remember this case study covers the May and August Operational case study exams.
