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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
In order to take the CIMA CIMAPRA19-P03-1 certification exam, students must meet all the following requirements:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cyber Risk | 25% | - Information security standards (ISO 27001) - Cyber threats and vulnerabilities - Cyber controls and incident response - Cyber risk assessment and reporting |
| Topic 2: Enterprise Risk | 25% | - ERM frameworks (COSO, ISO 31000) - Sources and types of risk - Risk appetite, tolerance and capacity - Risk registers and assurance mapping |
| Topic 3: Strategic Risk | 25% | - Reputational and compliance risk - Governance and board responsibilities - Financial risk and hedging techniques - Stress testing and scenario analysis |
| Topic 4: Internal Controls | 25% | - Control design and segregation of duties - Role of internal audit - COSO Internal Control framework - Control monitoring and reporting |
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