You can take the three Objective Tests in any order but you must pass them all before attempting the Case Study for that level.
Objective Test questions are selected randomly and will cover all of the learning outcomes within the syllabus. Exams use a combination of multiple-choice, data entry, fill in the gaps and drag/drop questions. There is an on-screen calculator to help you.
You can take the exams at any time, they last 90 minutes and there is no pre-exam reading time. The exams have a computer automated marking system so results will be available shortly after the sitting.
The Integrated Case Study exam consists of tasks based on previously unseen 'trigger' information and pre-seen material that you receive a few weeks prior to the exam.
Case studies cover all three pillars within the level. The questions will be discursive and involve minimal calculations, short answers and essays. The exam will include linked tasks.
The Professional Qualification is made up of two types of computer-based assessments:
Objective Test are available all year round. We recommend that you schedule an exam at least 2 weeks in advance of when you would like to sit. Case Study exams are available in 4 windows a year, the exams run for five days from Tuesday to Saturday in a set week. You need to book on to your exam by the exam entry deadline set by CIMA. View the current timetable and deadlines.
Our Kaplan centres are approved Pearson VUE exam centres which means that you can sit your exam in the same Kaplan centre where you come to study. Choose your preferred location and book your exam online. For alternative dates and locations, you can also sit your exam at a Pearson VUE exam centre.
You must pass (or be exempt from) all three Objective Test at a level before you can move onto the case study exam. When you have passed the case study exam you can move onto the next level and start the Objective Test for that level. The Strategic Level Case Study exam is the last exam that you will take.
For information on pass marks for Objective Test and Case Studies, please visit www.cimaglobal.com/results.
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E1 focuses on the structuring of organisations. It covers the structure and principles of underpinning the operational functions of the organisation, their efficient management and effective interaction in enabling the organisation to achieve its strategic objective.
It lays the foundation for gaining further insight in both the immediate operating environment and long-term strategic future of organisations which are covered in E2 and E3.
P1 stresses the importance of costs and drivers of costs in the production, analysis and use fo information for decision making in organisations. The time focus of P1 is the short term. It covers budgeting as a means of short-term planning to execute the strategy of organisations. In addition it provides competencies on how to analyse information on costs, volumes and prices to take short-term decisions on products and services and to develop an understanding on the impact of risk to these decisions. P1 provides the foundation for cost management and the long-term decisions covered in P2.
F1 covers the regulations and preparation of financial statements and how the information contained in them can be used. It provides the competencies required to produce financial statements for both individual entities and groups using appropriate international financial reporting standards. It also gives insight into how to effectively source and manage cash and working capital, which are essential for both the survival and success of organisations. The final part focuses on the basic principles and application of business taxation. The competencies gained from F1 form the basis for developing further insights into producing and analysing complex group accounts (covered in F2) and formulating and implementing financial strategy (covered in F3).
Case studies cover all 3 pillars within the Operational level. The exam is broken down into timed sections with tasks being set based on 'trigger' information, delivered at various points during the exam. The previously unseen trigger information will build on pre-seen material that you will receive a few weeks prior to the exam. The questions will be discursive and involve minimal calculations, short answers, essays. Some tasks will also be linked.
For example: the Operational Integrated Case Study could involve creating costings for a product (P1 task), followed by advising on how best to market the product (E1 task), followed by the impact on the financial statements of holding more inventory (F1 task).
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E2 emphasises a holistic, integrated approach to managing organisations, from external and internal perspectives. It builds on the understanding of organisational structuring gained from E1 and is centred on the concept of strategy and how organisational strategy can be implemented though people, projects, processes and relationships. It provides the basis for developing further insights into how to formulate and implement organisational strategy, which is covered in E3.
Focusing primarily on the long term, P2 builds on the insights about costs and their drivers (from P1) to provide the competences needed to analyse, plan and manage costs to support the implementation of the organisation’s strategy. It shows how to manage and control the performance of various units of the organisation in line with both short-term budgets and long-term strategy. Finally P2 covers investment decision making and the risks associated with such decisions. It provides the basis for developing deeper understanding of various types of risks affecting the strategy and operations of organisations (covered in P3).
F2 builds on the competencies gained from F1. It covers how to effectively source the long-term finance required to fund the operations of organisations, particularly their capital investments. It also deepens the coverage of financial reporting to more complex aspects of group accounting and analyses the rules governing the recognition and measurement of various elements of the financial statements. Finally it shows how to analyse financial statements to provide insights about the financial performance and position of the organisation over time and in comparison with others.
Case studies cover all 3 pillars within the Management Level. The exam is broken down into timed sections with tasks being set based on 'trigger' information, delivered at various points during the exam. The previously unseen trigger information will build on pre-seen material that you will receive a few weeks prior to the exam. The questions will be discursive and involve minimal calculations, short answers, essays. Some tasks will also be linked.
The Professional Qualification is made up of two types of computer-based assessments
Visit the CIMA exam preparation page
E3 builds on the insights gained from E1 and E2 about how organisations effectively implement their strategies by aligning their structures, people, process, projects and relationships. E3 aims to develop the skills and abilities of the strategic leaders of organisations, enabling them to create the vision and direction for the growth and long-term sustainable success of the organisation. This involves successfully managing and leading change within the process of strategy formulation and implementation.
P3 shows how to identify, evaluate and manage various risks that could adversely affect the implementation of the organisation’s strategy. It provides the competencies required to analyse, evaluate and apply the techniques, processes and internal control systems required to manage risk. The insight is then used to manage the risk associated with cash flows and capital investment decisions – two important areas of organisational life for which the finance function is responsible.
F3 focuses on the formulation and implementation of financial strategy to support the overall strategy of the organisation. Using insights gained from F1 and F2, it provides the competencies to evaluate the financial requirements of organisations and the relative merits of alternative sources of finance to meet these requirements. Finally the valuation of corporate entities for mergers, acquisitions and divestments.
Case studies cover all 3 pillars within the Strategic level. The exam is broken down into timed sections with tasks being set based on 'trigger' information, delivered at various points during the exam. The previously unseen trigger information will build on pre-seen material that you will receive a few weeks prior to the exam. The questions will be discursive and involve minimal calculations, short answers, essays. Some tasks will also be linked.
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