CIMA Professional - Strategic Level Package (E3, P3, F3)

The CIMA Strategic Level course is divided into three sections, each with a separate focus to ensure that students get a balanced understanding of advanced-level management accounting. Using materials approved by the Chartered Institute of Management Accountants, learners will study:

E3 – Strategic Management

Students will learn how to formulate and implement long-term strategy, creating the vision for long-term, sustainable success. This involves:

• Defining the corporate mission, objectives and stakeholders, and performing a Position Audit and Corporate Appraisal.
• Including Corporate Governance, Corporate Social Responsibility and Ethics into the business strategy.
• Implementing Change Management processes, and using Strategic Performance Measurement to assess success.

P3 – Risk Management

Students will learn how to identify and mitigate risks that place the long-term strategy in jeopardy, using proven techniques, processes and internal control systems to inform cash flow and capital investment decisions:

• Implementing management control systems to better utilise human resources, and to provide a framework against which to review.
• Auditing internal processes and computer systems.
• Managing financial risk including foreign exchange rate fluctuations and interest rate changes.

F3 – Financial Strategy

Finally delegates will look at aligning financial strategy with wider business goals, and developing the competencies required to value investment opportunities including the valuation of corporate entities for mergers, acquisitions and divestments:

• Planning, forecasting and hedge accounting to better manage corporate finances.
• Calculating the cost of capital and capital structures, and the capital asset pricing model (CAPM).
• Performing an accurate business valuation.
• Carrying out corporate reorganisation as part of a merger or consolidation.
• Properly discounting foreign cash flows.

Each module of the CIMA Strategic Level contains a number of sections – the listing above is a very brief overview of what students can expect to cover.