CIMAPRA19-F01-1

The main points of CIMA CIMAPRA19-F01-1 Exam are:

• Strategic management
  • Understand the concept of strategic management and its role in achieving organizational goals.
  • Identify the different elements of a strategic plan and how they fit together.
  • Evaluate the different approaches to strategic planning and select the most appropriate one for a given organization.
• Performance management
  • Understand the concept of performance management and its role in improving organizational performance.
  • Identify the different elements of a performance management system and how they fit together.
  • Develop and implement a performance management system that is aligned with the organization's strategic goals.
• Risk management
  • Understand the concept of risk management and its role in protecting an organization from harm.
  • Identify the different types of risks that an organization faces and how to manage them.
  • Develop and implement a risk management plan that is tailored to the specific needs of the organization.
• Governance
  • Understand the concept of governance and its role in ensuring that an organization is managed effectively and ethically.
  • Identify the different elements of good governance and how they fit together.
  • Develop and implement a governance framework that is tailored to the specific needs of the organization.

In addition to these main points, the exam also covers a variety of other topics related to management accounting, including:

• Financial reporting
• Cost management
• Budgeting
• Performance measurement
• Decision making
• Ethics

The exam is 3 hours long and consists of 100 multiple-choice questions. The passing score is 50%.