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The New CIMA Syllabus explained

CIMA launched the 2019 syllabus in January 2019 to include the effect of the digital world on finance. The aim is to ensure that the CIMA qualification equips future finance professionals for the digital age and includes new topics such as cybersecurity, digital costing and digital strategy. With digitalisation transforming all industries, it's critical that digital skills are included across all forms of education. Ultimately, the purpose of the revamped syllabus is to make sure the qualification is aligned to the real world and relevant to the employer.

The syllabus change does  not affect the Certificate level. Only Professional level qualification is affected.

Hot Tips

Transition with ease. Ask me how.

  • Avoid transitioning to the new syllabus mid-way through a level.
  • Push to sit the Nov 2019 Case Study sitting.
  • Get your P & F subjects done first.
  • You can't pass with old material. Plan your studies.
  • Plan to pass. What to write now and what to leave for later.
  • Join our classes starting in July to sit your OT exams in October.
  • Can't attend classes? Don't take chances and sign up for Online Classes starting monthly. You will be exam ready within 8 weeks.

Key Dates

The 2019 CIMA syllabus will come into effect in late 2019. The first sitting of the new-style objective-test subjects is in November 2019 and Integrated Case Study Exams in February 2020.

 

Last 2015 syllabus OT

3 Nov 2019

First 2019 syllabus OT

4 Nov 2019

Last 2015 syllabus Case Study

Nov 2019

Resit on 2015 syllabus Case Study*

Feb 2020

First 2019 syllabus case study exam

Feb 2020

*The Feb 2020 Case Study resit is a one-off retake ONLY for students who failed (or booked but did not attend) the Nov 2019 Case Study sitting. This exam will be run over 1 or 2 days.

TRANSITION RULES

For each exam passed or subject exempted on the 2015 syllabus, students will receive a credit for the 2019 syllabus.

 

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What's the same and what has changed? (courtesy of BPP)

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Name changes

The names of the subjects remain largely unchanged with only a few changes as highlighted in the table below:

2015 CIMA Syllabus

2019 CIMA Syllabus

Operational Level

Operational Level

E1 Organisational Management

E1 Managing Finance in a Digital World

P1 Management Accounting

P1 Management Accounting

F1 Financial Reporting and Taxation

F1 Financial Reporting

Management Level

Management Level

E2 Project and Relationship Management

E2 Managing Performance

P2 Advanced Management Accounting

P2 Advanced Management Accounting

F2 Advanced Financial Reporting

F2 Advanced Financial Reporting

Strategic Level

Strategic Level

E3 Strategic Management

E3 Strategic Management

P3 Risk Management

P3 Risk Management

F3 Financial Strategy

F3 Financial Strategy

CONTENT CHANGES

Enterprise Pillar Changes
The Enterprise Pillar exams have seen the most change, with some traditional models and theories removed to allow for a significant shift in focus to digital concepts and issues. This is introduced in E1, now renamed “Managing Finance in a Digital World” which introduces topics such as cloud computing, big data analytics, blockchain and even 3-D printing. E2, renamed “Managing Performance” follows on from this exploring, among other things, the disruption to businesses and business models caused by the digital world and how companies need to prepare and adapt.

E3 Strategic management has a whole new syllabus area dedicated to Digital Strategy, with business ecosystems and networks prevalent throughout the paper.

Performance Pillar Changes
Big data analytics have been thoroughly embedded throughout all of the exams in this pillar, how they can be used and the associated risks. Other digital topics such as stress testing and business intelligence systems feature in P1 and P2 with P3 seeing a whole new syllabus area dedicated to Cyber Risk.

Financial Pillar Changes
The financial pillar has seen the least impact due to the new digital focus, however Integrated Reporting has expanded to reflect its growing prominence. Each of the Financial Pillar papers have seen some syllabus content reallocated, with all group accounting moved from F1 up to F2, along with a few other standards, and financial risk being added to the F3 syllabus.