If you're planning to pursue a career in management accounting, the Chartered Institute of Management Accountants (CIMA) qualification is an excellent choice. CIMA certification is recognized globally, and it demonstrates your expertise in management accounting, financial accounting, and business management. The CIMAPRA19-E03-1 exam is part of the CIMA Professional Qualification and focuses on Strategic Management. In this exam, you will be tested on your knowledge and understanding of the theories, tools, and techniques used in Strategic Management. This exam is essential for those who want to gain expertise in Strategic Management and make strategic decisions.
Exam Objectives:
The CIMAPRA19-E03-1 exam aims to test the following knowledge and skills:
- Developing a strategy and implementing it to achieve organizational goals
- Evaluating and analyzing the internal and external environment of the organization
- Developing and implementing a strategy for information technology
- Understanding the importance of effective governance and ethical considerations in strategic management
- Understanding the impact of global events on the organization's strategy
Exam Details:
The CIMAPRA19-E03-1 exam is a computer-based exam that is delivered online. The exam duration is 3 hours, and it is divided into two sections. The first section consists of 50 objective test questions, and the second section consists of three longer-form questions. The passing mark for the exam is 50%. The exam fee varies depending on the country, but it is typically around $400.
Who Should Take the Exam?
The CIMAPRA19-E03-1 exam is suitable for professionals who want to specialize in strategic management accounting. The exam is ideal for those who want to gain a deep understanding of the theories, tools, and techniques used in strategic management. This exam is designed for managers who are responsible for making strategic decisions that affect the organization's long-term goals and objectives.
Prerequisites and Qualifications:
The CIMAPRA19-E03-1 exam is part of the CIMA Professional Qualification. To take this exam, you must have completed the CIMA Certificate in Business Accounting or an equivalent qualification. Additionally, you must have completed the CIMA Operational Level and CIMA Management Level exams before taking the CIMAPRA19-E03-1 exam.
Related Books:
The following books can help you prepare for the CIMAPRA19-E03-1 exam:
- Strategic Management Accounting: An Introduction and Overview by Zahirul Hoque
- Management Accounting: Principles and Applications by Malcolm Smith
- Management Accounting: Information for Managing and Creating Value by Kim Langfield-Smith
- Strategic Management Accounting: A Practical Guidebook with Case Studies by Will Yarborough
- Strategic Management: Concepts and Cases: Competitiveness and Globalization by Michael Hitt, R. Duane Ireland, and Robert Hoskisson
Passing the CIMAPRA19-E03-1 exam requires dedication and a comprehensive understanding of Strategic Management. By utilizing the exam objectives and the recommended resources, you can create a solid foundation for passing the exam and achieving success in your career as a management accountant.
In addition to the resources listed above, CIMA offers various study materials and resources that can help you prepare for the CIMAPRA19-E03-1 exam. These include study texts, exam practice kits, revision cards, and online courses. Utilizing these resources can help you develop a comprehensive understanding of the concepts and theories covered in the exam.
To pass the CIMAPRA19-E03-1 exam, it is important to develop a study plan and allocate sufficient time for studying. Creating a study plan can help you stay organized and focused, and it can also help you identify your strengths and weaknesses. Additionally, practicing past papers and exam-style questions can help you develop exam-taking skills and build your confidence.
In conclusion, the CIMAPRA19-E03-1 exam is an essential part of the CIMA Professional Qualification and is designed to test your knowledge and understanding of Strategic Management. By utilizing the exam objectives and the recommended resources, you can create a solid foundation for passing the exam and achieving success in your career as a management accountant. Good luck with your studies!