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Prerequisites of CIMA CIMAPRA19-P03-1 Certification Exam

In order to take the CIMA CIMAPRA19-P03-1 certification exam, students must meet all the following requirements:

  • Masters Degree in finance or accounting with a GPA of at least 2.75
  • Minimum three years of relevant work experience as a financial manager or auditor
  • To complete the Postgraduate Business Course (PGBC), you must have knowledge of English and be able to communicate effectively on a professional level in this language
  • To complete the Professional Practice Management course (PPBC), you must have knowledge of English and be able to communicate effectively on a professional level in this language
  • To take the exam, you must have received a minimum grade of 70% in each of the four exam sections: Corporate Finance and Accounting, Auditing, Management Control and Risk Management and Economics for Managers
  • The exam can only be taken once per person in one sitting period. It is taken twice annually within six months of one another
  • To receive your certification by CIMA CIMAPRA19-P03-1 examination, you must pass each exam section with a minimum score of 70%

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You May Know About CIMA CIMAPRA19-P03-1 Certification

CIMA CIMAPRA19-P03-1 Certification: Take the quick guide if you don't have time to read all the pages

There is a high demand for qualified CIMA CIMAPRA19-P03-1 certification consultants who can help clients navigate the maze of questions and concerns that often accompany these high-stakes, high-value decisions. The goal of this article is to assist these individuals in preparing for the upcoming challenge by shedding some light on the various alternatives available and how they compare. The article will describe the various components of the CIMA CIMAPRA19-P03-1 exam as well as the course of study required to become certified which are also covered in our CIMA CIMAPRA19-P03-1 Dumps. The first step in preparing for any exam is to identify what you need to know and understand. You can then use this information to develop a learning toolkit to guide your study.

Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3

What is the CIMA Level, and how to earn a CIMA Level I-IV?

The purpose of the CIMA levels is to indicate the level of your knowledge, skills and abilities in management accounting. The levels are:

  • CIMA Level 1: For those who have acquired at least 60% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member. These individuals can still be very useful in organizations, as accounting managers or research assistants. They also gain a greater understanding of boundaries and can advise others on matters that are beyond their level.
  • CIMA Level 2: For those who have acquired at least 80% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member. These individuals can still be very useful in organizations, as accounting managers or research assistants. They also gain a greater understanding of boundaries and can advise others on matters that are beyond their level.
  • CIMA Level 3: For those who have acquired at least 90% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member.

CIMA CIMAPRA19-P03-1 Exam Syllabus Topics:

SectionWeightObjectives
Enterprise Risk25%- Risk Assessment
  • 1. Likelihood and impact analysis
    • 2. Risk prioritization techniques
      - Risk Identification
      • 1. Internal and external risk sources
        • 2. Risk classification across the organization
          - Risk Response
          • 1. Risk transfer and avoidance
            • 2. Mitigation strategies
              Strategic Risk25%- External Environment Risk
              • 1. Economic and reputational risk
                • 2. Political and regulatory risk
                  - Strategic Decision Risk
                  • 1. Market entry and expansion risk
                    • 2. Competitive positioning risk
                      Internal Controls25%- Control Systems
                      • 1. Preventive and detective controls
                        • 2. Design of internal controls
                          - Control Evaluation
                          • 1. Control failure and remediation
                            • 2. Effectiveness assessment
                              Cyber Risk25%- Cyber Threats
                              • 1. System vulnerabilities
                                • 2. Data breaches and hacking risks
                                  - Cyber Controls
                                  • 1. Access control and authentication
                                    • 2. Incident response planning

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