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What is the CIMA Level, and how to earn a CIMA Level I-IV?
The purpose of the CIMA levels is to indicate the level of your knowledge, skills and abilities in management accounting. The levels are:
- CIMA Level 1: For those who have acquired at least 60% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member. These individuals can still be very useful in organizations, as accounting managers or research assistants. They also gain a greater understanding of boundaries and can advise others on matters that are beyond their level.
- CIMA Level 2: For those who have acquired at least 80% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member. These individuals can still be very useful in organizations, as accounting managers or research assistants. They also gain a greater understanding of boundaries and can advise others on matters that are beyond their level.
- CIMA Level 3: For those who have acquired at least 90% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member.
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CIMA CIMAPRA19-P03-1 Certification: Take the quick guide if you don't have time to read all the pages
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Prerequisites of CIMA CIMAPRA19-P03-1 Certification Exam
In order to take the CIMA CIMAPRA19-P03-1 certification exam, students must meet all the following requirements:
- Masters Degree in finance or accounting with a GPA of at least 2.75
- Minimum three years of relevant work experience as a financial manager or auditor
- To complete the Postgraduate Business Course (PGBC), you must have knowledge of English and be able to communicate effectively on a professional level in this language
- To complete the Professional Practice Management course (PPBC), you must have knowledge of English and be able to communicate effectively on a professional level in this language
- To take the exam, you must have received a minimum grade of 70% in each of the four exam sections: Corporate Finance and Accounting, Auditing, Management Control and Risk Management and Economics for Managers
- The exam can only be taken once per person in one sitting period. It is taken twice annually within six months of one another
- To receive your certification by CIMA CIMAPRA19-P03-1 examination, you must pass each exam section with a minimum score of 70%
Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3
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