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CIMA CIMAPRA19-P03-1 Certification Reference
Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3
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Certification Path of CIMA CIMAPRA19-P03-1 Certification Exam
The CIMA CIMAPRA19-P03-1 certification is conferred by the Chartered Institute of Management Accountants, which is the highest standard globally. In order to receive your certificate, you must first pass each section of the exam by receiving a cumulative score of 70% or better. Once you have passed all four sections, you need to submit a copy of your official transcript from an accredited college or university. You will also need to submit your transcripts and a letter from your employer stating that you have at least 2 years of work experience as a financial manager or auditor, depending on which exam section you have taken. You should then wait 1-3 weeks for approval before receiving your certificate and pins via mail.
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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CIMA CIMAPRA19-P03-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Strategic Risk | 25% | - Reputational and compliance risk - Governance and board responsibilities - Financial risk and hedging techniques - Stress testing and scenario analysis |
| Enterprise Risk | 25% | - Risk appetite, tolerance and capacity - Risk registers and assurance mapping - Sources and types of risk - ERM frameworks (COSO, ISO 31000) |
| Internal Controls | 25% | - Control monitoring and reporting - Control design and segregation of duties - Role of internal audit - COSO Internal Control framework |
| Cyber Risk | 25% | - Cyber risk assessment and reporting - Information security standards (ISO 27001) - Cyber controls and incident response - Cyber threats and vulnerabilities |

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