CIMA Strategic Level

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

The Strategic level focuses on long term strategic decision making. Candidates will be able to support organizational leaders to craft strategy; evaluate and manage risks that might prevent organizations from successfully implementing strategy; value organizations; and source financial resources required to implement of strategy.

On successful completion of the practical experience requirements, students will be admitted to associate membership and granted the associate chartered management accountant (ACMA) and Chartered Global Management Accountant (CGMA) designations

The full structure and assessment approach

The Strategic Level consists of 3 Objective Tests and the Strategic Case Study (SCS);

1. E3 Strategic Management 
2. P3 Risk Management
3. F3 Financial Strategy
4. SCS

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

The SCS 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.

E3 Strategic Management

• The Strategy process
• Analysing the organisational ecosystem
• Generating strategic options
• Making strategic choices
• Strategic control
• Digital strategy

What do you learn in E3?

• The foundation of strategic management and an understanding of the dynamics of the organisational ecosystem and how it affects the strategy of the organisation.
• Strategic choice and how options are generated, linking them to the purpose, values and vision of the organisation and how the options are evaluated, chosen and integrated coherently to form the strategy of the organisation.
• How strategy is implemented, how implementation objectives are achieved and how change is managed.
• What are the technologies that underpin digital transformation and various elements of digital strategy.

P3 Risk Management

• Enterprise risk
• Strategic risk
• Internal controls
• Cyber risk

What do you learn in P3?

• How to identify, evaluate and manage enterprise risks.
• Where strategic risks emanate from, how to evaluate them and understand how oversight of these risks is critical to the governance of the organisation.
• How internal controls can be used effectively in the risk management process and how to identify, analyse, remedy and report strategic risks including cyber risks.

F3 Financial Strategy

• Financial policy decisions
• Sources of long term funds
• Financial risks
• Business valuation

What do you learn in F3?

• The different strategic financial objectives and policy options that are open to organisations.
• The types of funds available to organisations to finance the implementation of their strategies, including where and how they access these funds at the right time, in the right quantities and at the right cost.
• The sources of financial risk, how to evaluate and manage financial risk appropriately, and techniques in business valuation to assess whether a company has created and preserved value within the organisation.
• The valuation techniques to calculate value of organisations and conditions applicable for such calculations especially intangibles in the digital world and how to report intangible value and their drivers in integrated reporting.

Strategic 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 Strategic level, the role simulated is that of the senior finance manager. The Case Study Examination provides a simulated context which allows learners to demonstrate that they have acquired the required knowledge, skills, techniques and mindset for that role.

Course fees at Inspire Business School

Only 1 LKR 27,370 

Only 2 LKR 37,415

All 3 LKR 50,020

SCS LKR 28,700

The fees to be paid to CIMA = GBP 223 per OTQ subject and GBP 329 for the SCS