CIMA Advanced Diploma in Management Accounting

This is the second level of the Professional Qualification and consists of three computer based Objective Tests and one Case Study.

The Management level focuses on translating long term decisions into medium term plans. Candidates will be able to use data and relevant technology to manage organizational and individual performance, allocate resources to implement decisions; monitor and report implementation of decisions; as well as prepare and interpret financial statements to show performance.

On completion, you receive the CIMA Advanced Diploma in Management Accounting (CIMA Adv Dip MA).

The full structure and assessment approach

The Management Level consists of 3 Objective Tests and the Management Case Study (MCS);

1. E2 Managing Performance 
2. P2 Advanced Management Accounting
3. F2 Advanced Financial Reporting 
4. MCS

Objective Tests are 90 minutes long, computer based and available on demand at over 5,000 Pearson VUE assessment centers worldwide.

The MCS is 3 hours long and available in four windows throughout the year, also computer-based and available at over 5,000 Pearson VUE assessment centers worldwide.

E2 Managing Performance

• Business models and value creation
• Managing people performance
• Managing projects

What do you learn in E2?

• The fundamentals of business models and how new business and operating models can be developed to improve the performance of organisations.
• How different styles of leadership can be used to improve the performance of individuals to achieve organisational goals and how to use performance management concepts and techniques to implement strategies effectively and efficiently.
• Use of project management concepts and techniques useful in implementing strategies. (Project management is linked to capital investment decision-making which is covered in P2D).

P2 Advanced Management Accounting

• Managing the costs of creating value
• Capital investment decision making
• Managing and controlling the performance of organisational units
• Risk and control

What do you learn in P2?

• How to use cost management, quality and process management and value management to provide organisations with cost advantage.
• The criteria, process and techniques that are used to decide which projects to undertake, how to manage the performance of organisational units to ensure that they achieve their objectives.
• How to analyse risks and uncertainties that organisations face in the medium term, especially capital investment decision making, and managing those risks in the implementation of such decisions.

F2 Advanced Financial Reporting

• Financing capital projects
• Financial reporting standards
• Group accounts
• Integrated reporting
• Analysing financial statements

What do you learn in F2?

• The sources and types of funds and how much they cost.
• The key financial reporting standards on which financial statements will be based and the application of those standards to prepare group accounts.
• The International Integrated Reporting Framework and its components and how to conduct analyses of financial statements and their limitations.

Management Level Case Study

Each level of CIMA’s CGMA Professional Qualification culminates in a Case Study Examination, which integrates the knowledge, skills and techniques from across the three pillars into one synoptic capstone examination.

At the Management level, the role simulated is that of a finance manager. The capstone Case Study Examination provides a simulated context allowing candidates to demonstrate that they have acquired the required knowledge, skills, techniques and the mindset required for that role.

Course fees at Inspire Business School

Only 1 LKR 27,370 

Only 2 LKR 37,415

All 3 LKR 50,020

MCS LKR 25,630

The fees to be paid to CIMA = GBP 143 per OTQ subject and GBP 232 for the MCS