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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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Introduction of CIMA CIMAPRA19-P03-1 Certification Exam
The exam is administered in various regions of the world: Africa (Nigeria, Kenya, South Africa, Namibia, Côte d'Ivoire) Asia (Japan), Europe (Austria), Latin America, and Oceania. The exam covers all fields of finance and corporate governance and students interested in both CIMA CIMAPRA19-P03-1 certification are encouraged to consider taking both tracks. At least one track must be in the student's native language. CIMA CIMAPRA19-P03-1 certification lasts for three years. Students can retake the exam at any time during this period. Exam retakes must be within 90 days of the first examination, although exceptions may be allowed. The exam is available in multiple sessions around the world to accommodate continental differences. The exams may take place anywhere from two to seven times per year, depending on timing and need for a specific location. In some regions, students may take the exam more than once, but only once during their lifetime. However, students who fail the exam can reapply immediately if they satisfy additional prerequisites. If a candidate has knowledge and skills that are required to pass CIMA CIMAPRA19-P03-1 Exam and fully prepared with CIMA CIMAPRA19-P03-1 Dumps then he should take this CIMA CIMAPRA19-P03-1 exam.
To receive a CIMA CIMAPRA19-P03-1 certificate, students must earn a minimum of 70% on each of the four parts: Corporate Finance and Accounting Auditing Management Control and Risk Management Economics for Managers (one day) Professional Practice Management (five days), which consists of Decision Making & Problem Solving Decision Making & Conflict Resolution Business Communication Skills Business Writing Skills English Language Skills. After completing the one-day management seminar, students must pass an additional three-hour examination on International Business Law and Ethics. This course is mandatory for students taking the sustainable management track. If a student passes this course and the exam, his or her CIMA CIMAPRA19-P03-1 certification will be upgraded. The exam is administered through multiple administrations in various countries and may take place anywhere from two to seven times per year. The exams are available in sets of multiple days over a period of six months starting in mid-August depending on scheduling.
What is CIMA CIMAPRA19-P03-1 Certification Exam
CIMA is the Council of Senior Managers in Africa and the Council is the go-to organization for CIMA certification exams. Unless otherwise noted, all exam questions are taken from one of two core textbooks and each is based on one of two core certification tracks, sustainable management, and corporate finance/auditing. The education syllabus depends on the kind of CIMA CIMAPRA19-P03-1 certification you are taking. The following is a list of topics that the exam may cover: The following courses will provide you with an overview of how to prepare for exams. This is just the title of the course, you can look up the course on this web page: Since each exam is different, it is important to check with your instructor for individualized instruction. However, most courses follow a similar structure.
Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3
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 |
|---|---|---|
| Topic 1: Enterprise Risk | 25% | - Risk appetite, tolerance and capacity - Risk registers and assurance mapping - Sources and types of risk - ERM frameworks (COSO, ISO 31000) |
| Topic 2: Strategic Risk | 25% | - Reputational and compliance risk - Financial risk and hedging techniques - Governance and board responsibilities - Stress testing and scenario analysis |
| Topic 3: Internal Controls | 25% | - Role of internal audit - Control design and segregation of duties - Control monitoring and reporting - COSO Internal Control framework |
| Topic 4: Cyber Risk | 25% | - Information security standards (ISO 27001) - Cyber controls and incident response - Cyber risk assessment and reporting - Cyber threats and vulnerabilities |
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