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CIMA Professional - Strategic Level -P3 Performance Strategy

Milton Keynes College

Summary

Price
£175 inc VAT
Or £58.33/mo. for 3 months...
Finance options
Flexible, interest-free, part payment options available.
Study method
Online
Duration
24 months · Self-paced
Qualification
No formal qualification

Overview

The Chartered Institute of Management Accountants (CIMA) is the world's largest and leading professional body of management accountants. Boost your knowledge and expertise with the strategic level course, as part of the CIMA Professional Chartered Management Accounting qualification and take another step towards overall completion of this highly respected award.

Description

This course covers both financial and non-financial risk management as well as strategy. Learn how to evaluate and implement ideas to help control these risks and ensure organisation success.

• Learn about the social, political and economic context of business, including what control systems can be implemented to ensure effective management of an organisation and how to solve issues, which can arise due to weakness, associated with these systems.
• Learn about the various types of risk that can affect an organisation, including financial, commodity price and business risks – such as fraud, contractual inadequacy or loss of reputation – and how to quantify an organisation’s risk exposures and report on them.
• Evaluate the various risk management strategies that can be executed and understand the purpose of internal control systems to not only identify potential risks, but also its role in managing them.
• Understand what makes good corporate governance when related to internal controls and learn to evaluate the ethical issues that can become a risk to an organisation.
• Learn about audit process and the various tools that can be applied during; understand the principles of the audit and review process and learn how to solve problems during the practice.
• Delve even further into the subjects of corporate governance and the ethical issues that can be faced by an organisation.
• Analyse the financial risks that an organisation can be faced with and their possible sources.
• Look at the various alternative risk management tools, their accounting implications and the effects of the range of methods that you will cover.
• Look at the risks and benefits of using information systems, including the use of the Internet and Intranet within an organisation, outsourcing and changes in supplier.

Who is this course for?

This course is a valuable resource for anyone studying towards the CIMA Professional Chartered Management Accounting qualification.

Requirements

Students will need to have first attained the CIMA Operational and Management Level qualifications before they can achieve CIMA Professional status.

Career path

As a qualified Management Accountant you can expect to earn a salary around £32K with further prospects leading to Financial Controller, Finance Director, and Finance Manager.
Source: PayScale

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

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.

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 Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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