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CIMA Professional – Operational Level

Official CIMA approved material, Interest-free payments, Exceptional pass rates


e-Careers

Summary

Price
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Payment options

Start from £85.42 per month - 0% interest over 12 months.

Study method
Online, self-paced
Duration
1 Year
Access to content
1 Year
Qualification
Level 5 Diploma CIMA Professional - Operational Level (E1, P1, F1)
Additional info
  • Exam(s) / assessment(s) not included in price, and must be purchased separately
  • Tutor is available to students
  • TOTUM card is available to purchase separately What's this?

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Overview

The CIMA Professional Chartered Management Accounting qualification is considered one of the most relevant finance qualifications in the world for business professionals.

This qualification consists of official CIMA approved training materials, which includes eLearning, Study Books, Exam Preparation Guides, Pocket Revision Kits and Unlimited Tutor Support.

The Operational Level is the first level of the CIMA Professional Qualification, consisting of three subject areas:

  • E1 - Managing Finance in a digital world
  • P1 - Management Accounting
  • F1 - Finance Reporting

The knowledge gained at this level will help you to make short term decisions, work with others within your organisation to use appropriate technology and data to convert medium term decisions into short term, actionable plans.

After completing the tests and Case Study exam, you will receive the CIMA Diploma in Management Accounting and will gain the designatory letters CIMA Dip MA. The next stage in your CIMA journey will be the CIMA Professional – Management Level.

Why Study with e-Careers

  • We have trained over 555,000 delegates
  • We only use training materials which have been officially approved by CIMA
  • Study at your own pace, where and when it suits you
  • This course includes eLearning, Study Books, Exam Preparation Guides, Pocket Revision Kits and Unlimited Tutor Support
  • We offer Interest-Free Payment Plans
  • Exceptional Pass Rates
  • Includes £75 Amazon Gift Card

Qualification

Level 5 Diploma CIMA Professional - Operational Level (E1, P1, F1)

Course media

Description

The Chartered Institute of Management Accountants (CIMA) is the world’s largest and leading professional body of Management Accountants. CIMA offers the most relevant global finance qualifications for business.

Course Overview

There are three subject areas in the CIMA Professional – Operational Level:

  • E1 - Managing Finance in a digital world
  • P1 - Management Accounting
  • F1 - Finance Reporting

E1 - Managing Finance in a digital world

Learn the central role finance plays within an organisation and why and how technologies used can impact the finance function.

Understand how to examine and use data collected and processed, to create and preserve value for companies.

Discover how the finance function is shaped and structured, as well as how it interacts with different sections of the organisation, to achieve organisation-wide objectives.

P1 - Management Accounting

Learn what costing is used for and how it is done.

Discover how budgets are prepared and implemented throughout an organisation and the impact it has on a business.

Understand essential techniques used to ensure effective short-term decision making, using risk management tools.

F1 - Finance Reporting

Learn who the regulators are and what they do, as well as why and how these regulations are applied.

Discover how to prepare financial statements using correct reporting standards. Discover the tools used to ensure an organisation has enough cash to continue with its regular operation.

Understand how to calculate corporation tax and learn how to distinguish between different types of taxes.

Once completed, you will gain the required knowledge to make short term decisions and use appropriate data and technology to develop short term actionable plans from medium-term decisions. Upon completion, you will earn the part qualified designatory letters CIMA Dip MA.

E1 Managing Finance in a digital world

  1. Role of the finance function
  2. Technology in a digital world
  3. Data and information in a digital world
  4. Shape and structure of the finance function
  5. Finance interacting with the organisation

P1 Management Accounting

  1. Cost Accounting for decision and control
  2. Budgeting and budgetary control
  3. Short term commercial decision making
  4. Risk and uncertainty in the short term

F1 Finance Reporting

  1. Regulatory environment of financial reporting
  2. Financial statements
  3. Principles of taxation
  4. Managing cash and working capital

Advantages of this Course

  • Study CIMA wherever and whenever suits you best
  • Official CIMA approved course content
  • Improve earning potential with a CIMA qualification
  • CIMA members (CGMAs) earn an average of £66,000 per annum*
  • 63% of CIMA students expect to receive a bonus within 12 months of qualifying*
  • There are a wide range of job roles, including financial, consulting and management
  • Tutor Support available
  • Self-paced study enables you to determine how quickly you can progress

* Source - 2019 Association of International Certified Professional Accountants Salary survey

Exam Info

Objective Test

The Operational Level has a 90-minute, computer-based Objective Test.

Objective Tests include a range of number entry questions, short multiple-choice questions, drag and drop questions, and more. They will test all component learning outcomes you have covered within this course.

This test is computer-graded, and you will receive a provisional grade of pass or fail immediately. Official results will be sent out within 48 hours.

Your exam can be taken at any Pearson Vue Test Centre around the world, with a choice of 5,000 centres.

Case Study

The Operational Level will conclude with a Case Study Examination, which integrates the skills, techniques and knowledge, gained across the three subjects covered. These Case Study Exams are available four times a year: Feb, May, Aug & Nov.

The role simulated in this Case Study is that of an Entry level finance professional. You will be provided with a simulated context, allowing you to demonstrate you have acquired the necessary knowledge, techniques and mindset for that role.

These Case Study exams are human marked, and you will receive your results five weeks after the close of the Case Study window on your MY CIMA account.

Who is this course for?

If you’re interested in a career in Business Management and you have already completed the CIMA Certificate in Business Accounting course, AAT Level 4 qualification or you already have experience in accounting, the CIMA Professional - Operational Level is the next logical step towards earning your CIMA CGMA status.

Requirements

If you have an accountancy or finance degree, or are a member of AAT who is qualified, you can start the CIMA Professional qualification. If you are new to the finance industry, or are just starting in your journey to gain recognised qualifications, you will need to start with the CIMA Certificate in Business Accounting before progressing to the CIMA Professional qualification.

Career path

Having a CIMA qualification can open many career opportunities within a business finance capacity. As this is the first level in the Professional qualification, you will be able to continue studying to gain your CGMA status, becoming fully qualified.

Salary expectations at this level are around £32,000, with fully qualified CIMA members earning in excess of £60,000.

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What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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