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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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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Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3
CIMA CIMAPRA19-P03-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enterprise Risk | 25% | - Sources and types of risk - Risk management techniques (TARA, mitigation, registers, reporting) - Risk evaluation and measurement |
| Topic 2: Internal Controls | 25% | - Designing internal controls for risk management - Internal control systems analysis - Internal audit issues and assurance mapping |
| Topic 3: Cyber Risk | 25% | - Tools, techniques and cyber risk reporting - Cyber security processes - Cyber threats and vulnerabilities |
| Topic 4: Strategic Risk | 25% | - Risks associated with strategy formulation - Governance risks and oversight - Reputational risks and impact |



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