CIMA P3 - Risk Management
- Product Code: cimapra19-p03-1
- Exam Questions: 234
- Vendor: cima
$9.99
$12.99- Updated At: Nov 14, 2024
CIMA P3 - Risk Management of Vendors
CIMA Qualifications are the global gold standard for accountancy, and they offer many benefits, including opportunities for professional development and networking through membership of ICAEW.
Focus
The CIMA P3 - Risk Management certification focuses on Risk management of vendors, cost management and commercial acumen
Exam Duration
The CIMA P3 - Risk Management exam duration is 2.5 hours
Num of Question
The exam contains a total of 100
Exam Fee
The exam fee is Please check ICAEW website to check the exam fee..
Exam Validity
The CCRN-Pediatric certification is valid for Exam is valid, please check ICAEW website for more details..
Prior Certification
- Gateway exam: Paper F1: Accounting
Exam Format
The CIMA P3 - Risk Management exam is a Paper based
Passing Conditions
To pass CIMA P3 - Risk Management exam, applicants must achieve a minimum score of 25 marks or 4 marks per question
Who Should Take
Students who have passed Gateway exam: Paper F1: Accounting and all prior exams with exemption from performance only
- Management Accountants
- Chartered Global Management Accountant
Prerequisites
At least 2 years of experience with prior relevant experience in accountancy field
Or can substitute with certifications:
- Exemption from Paper F2: Management Accounting
- Exemption from Paper F3: Business Strategy
Certification Process
- Apply to register for the exam through the ICAEW website.
- Complete the exam at a test center near you.
Domains with Weights
- Financial and Operational Risk Management (37%): This domain will cover the analysis and management of financial and operational risks as it applies to commercial agreements and the trading relationships between organizations.
- Commercial Acumen and Contract Management (27%): This domain will cover the skills and knowledge to analyze and manage the commercial elements of contracts and agreements between organizations.
- Reporting, Including Reporting in IFRS and Cost Management (21%): This domain will cover the skills and knowledge to analyze and manage the ability to report accurately and fairly, both financially and commercially, on contracts and agreements between organizations.
- Business and Commercial Awareness (15%): This domain will cover the skills and knowledge to analyze and manage the commercial and business environment within which an organization operates.
- Ethical and Professional Conduct (9%): This domain will cover the skills and knowledge to analyze and manage the ethical and professional issues that may arise in dealing with commercial agreements and the trading relationships between organizations.
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