Skip to main content
CIMA-syllabus-update-landing-page-header

CIMA syllabus
update 2019

CIMA has updated their syllabus for exams in 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 are going to be some changes, but don’t worry, we can guide you through this year, and what options you have going forward. 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 is changing?

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 will switch 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 can sit a Case Study will be the November 2019 exams, with the option to resit under the old syllabus in February 2020 if you are not successful.

Exam entry closes towards the end of October 2019, depending on which Case Study exam you’re sitting, and you need to have taken and passed all of your Objective Tests at least 72 hours before the deadline to book your Case Study exam.

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, but the changes in the Operational Level will impact your next steps.

    If you are currently sitting your first or second Objective Test and don't plan to move onto the Operational Level until towards the end of 2019, you don't need to worry about the syllabus changes as you will sit all of the Professional Level under the 2019 syllabus.

    If you are sitting your final Certificate Objective Tests and are wondering about your next steps onto Operational, we recommend that you sit F1 before the syllabus change, and P1, E1 and Case Study under the new syllabus. E1 has the most changes to it, so if you do E1 and Case Study after November 2019, you won’t have a significant knowledge gap.

    CIMA have produced a tool that you can access to help you plan your studies, but remember this isn't tailored to any particular study method and the courses available. Our Student Service advisors will be able to give you tailored advice for your circumstances - contact them on 0161 259 7400.

  • Professional Operational keyboard_arrow_up keyboard_arrow_down

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

    Around 60% of the E1 syllabus is changing, 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

    CIMA have produced a tool that you can access to help you plan your studies, but remember this isn't tailored to any particular study method and the courses available. Our Student Service advisors will be able to give you tailored advice for your circumstances - contact them on 0161 259 7400.

  • 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

    CIMA have produced a tool that you can access to help you plan your studies, but remember this isn't tailored to any particular study method and the courses available. Our Student Service advisors will be able to give you tailored advice for your circumstances - contact them on 0161 259 7400.

  • 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

    CIMA have produced a tool that you can access to help you plan your studies, but remember this isn't tailored to any particular study method and the courses available. Our Student Service advisors will be able to give you tailored advice for your circumstances - contact them on 0161 259 7400.

 

Register now

Complete the form below and join us to find out more about the changes to the CIMA Professional Qualification and how you should prepare.

Fill out my online form.