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What is the exam cost of the CIMA CIMAPRA19-P03-1 Certification Exam

The cost of CIMA CIMAPRA19-P03-1 examination is about $1500/ applicant.

Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3

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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%

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.

CIMA CIMAPRA19-P03-1 Exam Syllabus Topics:

SectionWeightObjectives
Enterprise Risk25%- Risk Identification
  • 1. Internal and external risk sources
    • 2. Risk classification across the organization
      - Risk Response
      • 1. Mitigation strategies
        • 2. Risk transfer and avoidance
          - Risk Assessment
          • 1. Likelihood and impact analysis
            • 2. Risk prioritization techniques
              Cyber Risk25%- Cyber Controls
              • 1. Access control and authentication
                • 2. Incident response planning
                  - Cyber Threats
                  • 1. Data breaches and hacking risks
                    • 2. System vulnerabilities
                      Internal Controls25%- Control Evaluation
                      • 1. Control failure and remediation
                        • 2. Effectiveness assessment
                          - Control Systems
                          • 1. Design of internal controls
                            • 2. Preventive and detective controls
                              Strategic Risk25%- External Environment Risk
                              • 1. Economic and reputational risk
                                • 2. Political and regulatory risk
                                  - Strategic Decision Risk
                                  • 1. Market entry and expansion risk
                                    • 2. Competitive positioning risk
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