CIMA Professional Operational level
This is the first level of the CIMA Professional qualification. On completion of this level you can move onto the management level.
The entry requirements for the level:
• Completion of the CIMA Certificate in Business Accounting
• Completion of the AAT Professional (Level 4)
• Have an accountancy or finance degree
• Have an MBA or Master’s in Accounting
E1 – Managing Technology in a Digital World
This unit considers organisation structures and the principles such as how efficient management and effective interaction and support an organisation in achieving its strategic objective. You’ll consider how the finance function works and interacts with other departments to add value, how data can be gathered and presented using recent technological developments.
It considers the following five aspects:
• The role of the finance function
• Technology in a digital world
• Data and information in a digital world
• Finance interacting with the organisation.
Duration
Online Wednesday Afternoons
Assessed by an on demand 90-minute computerised objective test. This exam is on demand.
P1 – Management Accounting
This unit considers the importance of short-term management accounting information, to include the identification of costs and the relevant cost drivers. It also considers the analysis of cost, volume and price together with the impact they have on short term decision making. It also considers budgeting and digital issues in costing again in respect of short-term decision making.
It covers the following four aspects:
• Cost accounting for decision and control
• Budgeting and budgetary control
• Short-term commercial decision-making
• Risk and uncertainty in the short term
Duration
Classroom Wednesday morning
Assessed by an on demand 90-minute computerised objective test. This exam is on demand.
F1 – Financial reporting
This unit considers the preparation of financial statements and their uses for single entities. It also considers the ways in which cash and working capital can be managed effectively. The other aspect covered by this unit is the basic principles and the application of business taxation.
It covers the following four aspects:
• Regulatory environment of financial reporting
• Financial statements
• Principles of taxation
• Managing cash and working capital
Duration
Classroom Wednesday morning
Assessed by an on demand 90-minute computerised objective test. This exam is on demand.
Operational Case Study Exam
This exam will test your overall knowledge of E1, P1 and F1 to enable you to resolve the issues that a management accountant working at your level may come across at work.
You must pass all three objective tests before attempting the case study.
On completion you should be able to work with others in the organisation and use appropriate data and technology to translate medium-term decisions into short-term actionable plans; analyse new situations that arise in the short term to support decisions that create further value for the organisation; evaluate and manage risks associated with the short term; and report on the performance, position and prospects of the organisation.
Duration
Classroom Wednesday morning
A 3-hour case study exam with sitting 4 times a year. In February, May, August and November.
Accountancy Courses
CIMA Certificate in Business Accounting Find out more
CIMA Professional Qualification Find out more
CIMA Professional Operational level Find out more
CIMA Professional Management level Find out more
CIMA Professional Strategic level Find out more
ACCA Foundations Find out more
ACCA Applied Knowledge Find out more
ACCA Applied Skills Find out more
ACCA Strategic Professional Find out more
