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.

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.

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

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Prerequisites of CIMA CIMAPRA19-P03-1 Certification Exam

In order to take the CIMA CIMAPRA19-P03-1 certification exam, students must meet all the following requirements:

• Masters Degree in finance or accounting with a GPA of at least 2.75
• Minimum three years of relevant work experience as a financial manager or auditor
• To complete the Postgraduate Business Course (PGBC), you must have knowledge of English and be able to communicate effectively on a professional level in this language
• To complete the Professional Practice Management course (PPBC), you must have knowledge of English and be able to communicate effectively on a professional level in this language
• To take the exam, you must have received a minimum grade of 70% in each of the four exam sections: Corporate Finance and Accounting, Auditing, Management Control and Risk Management and Economics for Managers
• The exam can only be taken once per person in one sitting period. It is taken twice annually within six months of one another
• To receive your certification by CIMA CIMAPRA19-P03-1 examination, you must pass each exam section with a minimum score of 70%

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