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What is the CIMA Level, and how to earn a CIMA Level I-IV?

The purpose of the CIMA levels is to indicate the level of your knowledge, skills and abilities in management accounting. The levels are:

• CIMA Level 1: For those who have acquired at least 60% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member. These individuals can still be very useful in organizations, as accounting managers or research assistants. They also gain a greater understanding of boundaries and can advise others on matters that are beyond their level.
• CIMA Level 2: For those who have acquired at least 80% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member. These individuals can still be very useful in organizations, as accounting managers or research assistants. They also gain a greater understanding of boundaries and can advise others on matters that are beyond their level.
• CIMA Level 3: For those who have acquired at least 90% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member.

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

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CIMA CIMAPRA19-P03-1 (CIMA Risk Management) Certification Exam is intended for professionals who have a strong foundation in finance and risk management. CIMAPRA19-P03-1 exam covers topics such as risk assessment, risk identification, risk analysis, risk evaluation, risk mitigation, and risk reporting. CIMAPRA19-P03-1 exam is divided into two parts – Part A and Part B. Part A consists of objective-type questions and accounts for 70% of the exam weightage whereas Part B consists of case-study based questions and accounts for the remaining 30% of the exam weightage.

CIMA CIMAPRA19-P03-1 Exam Syllabus Topics: