This subject forms part of the three courses that falls under the CIMA Strategic Level. Financial Management focuses on more advanced topics in financial accounting such as the preparation of full consolidated financial statements and issues of principle in accounting standards dealing with more complex areas and developments in external reporting.
This subject forms part of the three subjects that fall under the CIMA Strategic Level. Financial Management focuses on more advanced topics in financial accounting such as the preparation of full consolidated financial statements and issues of principle in accounting standards dealing with more complex areas and developments in external reporting.
The Chartered Institute of Management Accountants is registered with the South African Qualification Authority.
Once completing this subject you will be awarded a SACOB certificate of completion.
The CIMA Certificate, Operational and Managerial Level would need to have been completed before commencing with the Strategic Level, unless you have completed previous qualifications in a similar field and could therefore apply for exemptions. It is recommended that students have a good understanding of mathematics and the English language.
This subject can be completed in 3 - 6 months.
The full Strategic Level can be completed in 6 – 12 months. As the CIMA qualification is flexible you can decide how many exams you would like to sit at a time and when.
• Identification, classification and evaluation of risk
• Responses to strategic risk
• Internal controls to management risk
• Managing risk associated with cash flows
• Managing risk associated with capital investment decisions
The Home Study Package offers:
• Study guides
• Workbooks - Not for all subjects
• Lecturer Support - via Email, Phone and access to the Student Question & Answer Platform
The Full Online Classroom Package builds on the Home Study Package and provides you with the digital resources that may be available for your course as well as giving you access to the SACOB Online Classroom. The Online Classroom Package offers:
• Video Kit
• Study maps
• Study plans
• Lecturer/Concept videos
• Assessment downloads and uploads
• SACOB Student Forum
The great thing with the CIMA Qualification is that it can be completed at your own pace. There are no assignments only a final exam per course. The final exam takes place by a means of a computer based assessment (CBA) at a registered CIMA computer based exam venue (CBE), each exam is 90 minutes long and you will receive your results shortly after completing your exam.
As the exams are done via a means of a CBA these need to be arranged with a recognised CIMA CBE centre, but students need to insure that they have also completed their CIMA annual student registration and paid these fees as well as have their CIMA registration number. Please contact a SACOB student advisor for further details on this.
Upon completion of your E3, P3 and F3 assessments you can then enter to complete the Strategic Level case study exam, this is also completed by a means of a CBA, 3 hours are given to complete this and consists of both pre-seen and unseen materials, it intended to simulate real day life scenarios. Case study exams are marked by CIMA personnel and can be sat four times a year in February, May, August and November each year.
On completion of the Strategic Level you can apply for your T4 Professional Competence level. This level includes your three years of relevant practical experience (T4 Part A) and must be registered directly with CIMA through your My CIMA Account.
On completion of all three of the Strategic Level Objective Tests and the Integrated Case Study Exam you will be awarded with the CIMA Chartered Management Accountant.