What is the exam cost of the CIMA CIMAPRA19-P03-1 Certification Exam
The cost of CIMA CIMAPRA19-P03-1 examination is about $1500/ applicant.
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CIMA CIMAPRA19-P03-1 Certification: Take the quick guide if you don't have time to read all the pages
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Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3
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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.
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What does CIMA CIMAPRA19-P03-1 Certification Exam cover?
The exam covers all areas of finance and corporate governance. Students who pass the exam earn a CIMA CIMAPRA19-P03-1 certification certificate.
The CIMA CIMAPRA19-P03-1 certification covers:
Assembling a financial statement Defining and explaining the role of accounting in a business Accessing and understanding financial statements Policy decisions in relation to accounting Auditing and audits of financial statements Deciding when to use which accounting methods Creating an audit plan for the organization Managing internal auditing staff conducting audits Prepare the annual report Preparing an annual report for external auditing company Making recommendations for developing internal controls Identifying fraud.
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CIMA CIMAPRA19-P03-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Internal Controls | 25% | - COSO Internal Control framework
- Control design and segregation of duties
- Role of internal audit
- Control monitoring and reporting
|
| Strategic Risk | 25% | - Financial risk and hedging techniques
- Governance and board responsibilities
- Reputational and compliance risk
- Stress testing and scenario analysis
|
| Enterprise Risk | 25% | - ERM frameworks (COSO, ISO 31000)
- Risk appetite, tolerance and capacity
- Risk registers and assurance mapping
- Sources and types of risk
|
| Cyber Risk | 25% | - Cyber controls and incident response
- Cyber threats and vulnerabilities
- Cyber risk assessment and reporting
- Information security standards (ISO 27001)
|