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What is the duration, language, and format of the CIMA CIMAPRA19-P03-1 Certification Exam

Format: Multiple choices, multiple answers

  • Language: English
  • Passing score: 7o%
  • Length of Examination: 3 hours
  • Number of Questions: 100

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

Enlist of Registration procedure of CIMA CIMAPRA19-P03-1 Certification Exam

When you order your CIMA CIMAPRA19-P03-1 certification exam, you must submit four forms of payment in addition to the cost of the exam. All forms of payment must be made by check, money order or wire transfer.

  • One form of payment should be for a letter from your employer stating that you have at least two years experience as a financial manager or auditor in an organization with an annual turnover exceeding 5 million USD.
  • A photo identification document such as a passport or driving license, and also proof of residency (a utility bill, lease agreement, etc.)
  • A photocopy of the postgraduate degree certificate that you received from your university.
  • A letter from one of your professors confirming that you are in good academic standing in the course, and also that you have demonstrated adequate command over English language and professional skills.

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Certification Path of CIMA CIMAPRA19-P03-1 Certification Exam

The CIMA CIMAPRA19-P03-1 certification is conferred by the Chartered Institute of Management Accountants, which is the highest standard globally. In order to receive your certificate, you must first pass each section of the exam by receiving a cumulative score of 70% or better. Once you have passed all four sections, you need to submit a copy of your official transcript from an accredited college or university. You will also need to submit your transcripts and a letter from your employer stating that you have at least 2 years of work experience as a financial manager or auditor, depending on which exam section you have taken. You should then wait 1-3 weeks for approval before receiving your certificate and pins via mail.

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CIMA CIMAPRA19-P03-1 Exam Syllabus Topics:

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

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