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CIMA syllabus
update 2019

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CIMA updated their syllabus for exams from November 2019 to include more real world learning for the finance function, focusing on areas that are more relevant to the current business environment.

There have been some changes, but don’t worry, we can guide you through this year, and what options you have going forward, including free transitional courses. The main thing is to keep studying.

Read about the syllabus update, and what you might need to think about, below.

CIMA qualification update and syllabus change webinars

Watch and listen to recorded webinars led by Steve Flatman, VP Examinations - Management Accounting, CIMA and Rebecca Evans, Head of Product Management at Kaplan Financial for an overview of the new CIMA professional qualification, why it is changing and a summary of impact.

Choose from Professional Qualification Update, Advice following Operational Case Study results, and Advice following Management Case Study results.

Register now for recorded webinars

What has changed?

The updated syllabus includes how the digital world affects finance - this can be seen through the introduction of digital costing and digital strategy. Topics such as cybersecurity and business models have also been incorporated. Existing areas, such as integrated reporting, have been expanded to reflect their growing prominence.

CIMA has introduced new topics in many of the levels. For example in E1: Managing Finance in a Digital World, around 60% of the syllabus is new.

The updates have been introduced to reflect the modern business world, making sure that you’re equipped with the most up to date knowledge to get ahead in your career.

How these changes will affect you will depend on where you are up to with your studies. But don’t panic - we have the resources to help you through the changes, and fill in any knowledge gaps you might have.

When do the changes take effect?

Objective Tests switched over to examine the new syllabus from 4th November 2019, with no option to resit under the old syllabus if you previously took an exam and failed.

The last time you could sit a Case Study was the November 2019 exams, but you will have the option to resit under the old syllabus in February 2020 if you are not successful.

What are the syllabus changes?

  • Certificate in Business Accounting keyboard_arrow_up keyboard_arrow_down

    There are no changes to the Certificate in Business Accounting syllabus.

  • Professional Operational keyboard_arrow_up keyboard_arrow_down

    E1: Managing Finance in a Digital World (formerly Organisational Management)

    Around 60% of the E1 syllabus has changed with the main focus on all things digital.

    Syllabus areas

    • Role of the finance function
    • New Technology in a digital world
    • New Data and information in a digital world
    • New Shape and structure of the finance functions
    • Finance interacting with the organisation

    P1: Management Accounting

    There aren’t any changes in the P1 syllabus, but the focus will be on digital issues in costing.

    Syllabus areas

    • Cost accounting for decision and control
    • Budget and budgetary control
    • Short term commercial decision making
    • Dealing with risk and uncertainty in the short term

    F1: Financial Reporting (formerly Financial Reporting and Taxation)

    Relevant accounting standards will still be examined

    Syllabus areas

    • Regulatory environment of financial reporting
    • Financial statements*
    • Principles of taxation
    • Managing cash and working capital

    *Group accounts have been removed from the previous syllabus and placed in F2.

    Advice for your next steps

    The 2019 syllabus change has now come into effect. If you bought a Kaplan course in 2018 or 2019 and haven’t yet passed the exam please get in touch with our Student Services team on 0161 259 7400 who will be able to provide tailored advice to suit your individual circumstances.

  • Professional Management keyboard_arrow_up keyboard_arrow_down

    E2: Managing Performance (formerly Project and Relationship Management)

    Around 30% of the E2 syllabus is new, introducing business models for the first time. There is now much less on traditional strategy management and more on ecosystems and value management.

    Syllabus areas

    • New Business models
    • Managing people performance
    • Managing projects

    P2: Advanced Management Accounting

    A few changes, with a shift in focus towards digital technologies and digital transformation. Learning curves are no longer included.

    Syllabus areas

    • Managing the costs of creating value
    • Capital investment decision making
    • Managing and controlling the performance of organisational units
    • Risk and control

    F2: Advanced Financial Reporting

    Two additions to the F2 syllabus, with the introduction of integrated reporting and group accounts (previously part of F1). The approach has been modified in the new F2 to bring additional focus on digital issues in financing capital projects and in analysing financial statements.

    Syllabus areas

    • Financing capital projects
    • Financial reporting standards
    • New Group accounts
    • New Integrated reporting
    • Analysing financial statements

    Advice for your next steps

    The 2019 syllabus change has now come into effect. If you bought a Kaplan course in 2018 or 2019 and haven’t yet passed the exam please get in touch with our Student Services team on 0161 259 7400 who will be able to provide tailored advice to suit your individual circumstances.

  • Professional Strategic keyboard_arrow_up keyboard_arrow_down

    E3: Strategic Management

    Around 30% of the syllabus is new, with a focus on digital strategy to enable transformation of an organisation.

    Syllabus areas

    • New Strategy process
    • Analysing the organisational ecosystem
    • Generating strategic options
    • Making strategic choices
    • Strategic control
    • New Digital strategy

    P3: Risk Management

    Around 40-50% of the syllabus is new, introducing cyber security and more on strategic risk. Financial risk management moves to F3, with management control systems being removed from the syllabus.

    Syllabus areas

    • Enterprise risk
    • Strategic risk
    • Internal controls
    • New Cyber risks

    F3: Financial strategy

    Around 25% of the syllabus is new, including cash flow and capital investment decision risks (moved from P3). Additional focus is being placed on valuation of intangibles under business valuation, whilst hedge accounting is no longer included.

    Syllabus areas

    • Financial policy decisions
    • Sources of long term funds
    • New Financial risks
    • Business valuations

    Advice for your next steps

    The 2019 syllabus change has now come into effect. If you bought a Kaplan course in 2018 or 2019 and haven’t yet passed the exam please get in touch with our Student Services team on 0161 259 7400 who will be able to provide tailored advice to suit your individual circumstances.

Free transitional courses

CIMA has updated their syllabus and from 4th November 2019 all Objective Test exams are on the new 2019 syllabus.

If you’ve studied the 2015 syllabus, but now find yourself sitting, or resitting, on the 2019 syllabus, we have free transitional course to help bridge any knowledge gaps.

Transitional courses - getting you from the 2015 syllabus to the 2019 syllabus

These courses are open to you if you were enrolled on a Classroom, Live Online, OnDemand or Distance Learning course, purchased in 2018 or 2019, under the 2015 syllabus.

Transitional courses are online and include:

  • Transition Advice document - which shows what has changed under the new syllabus
  • Study Modules - for the areas that have been updated
  • Knowledge Checks - for the areas that have been updated
  • Consolidation Test
  • Progress Test
  • Test Yourself
  • Exam Prep Tests - for the areas that have been updated
  • 2 x Mock Exams
  • Online PDFs (non-downloadable) of Study Text, Integrated Workbook and Revision Cards Chapters - for the areas that have been updated
  • Online PDF (non-downloadable) of Exam Kit

You won’t get any hard copies of materials, but you can buy an updated copy of the Study Text or Exam Kit from Kaplan Publishing.

The courses are available for all Professional Objective Test subjects. So that’s:

E1: Organisational Management (2015) - changed to Managing Finance in a Digital World (2019)
P1: Management Accounting - focus changed to digital issues in costing
F1: Financial Reporting and Taxation (2015) - changed to Financial Reporting (2019)

E2: Project and Relationship Management (2015) - changed to Managing Performance (2019)
P2: Advanced Management Accounting - focus changed to digital technologies
F2: Advanced Financial Reporting - new additions to syllabus and focus on digital

E3: Strategic Management - focus changed to digital strategy
P3: Risk Management - introducing cyber security and focusing on strategic risk
F3: Financial Strategy - focus on valuation of intangibles

If you would like to take a transitional course to bridge the gap between the 2015 syllabus and the new 2019 syllabus, please get in touch with Student Services. Contact them on 0161 259 7400 or by emailing studentservices@kaplan.co.uk 

 

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