CIMA Risk Management - CIMAPRA19-P03-1

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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.

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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