CIMA operational level
By passing this level, you will gain the CIMA Diploma in Management Accounting. Operational level is the first level of the CIMA Professional Qualification and consists of three subject areas and a final case study assessment.
The Operational level focuses on short term decision making. You’ll be able to work with others in your organisation and use appropriate data and technology to translate medium term decisions into short term actionable plans.
After successfully completing the level, you are awarded with the part-qualified designatory letters ‘CIMA Dip MA’ and are ready to embark upon your Management Level journey.
You may qualify for exemptions which let you start your studies at a level that is consistent with the knowledge and skills gained from prior learning. They provide you with the quickest route to CIMA membership.
Click below to establish any exemptions you may be awarded along with further important dates and CIMA information.
practical experience record (PER)
Don't Forget! As part of your journey to become an CIMA member, you must demonstrate relevant skills and experience within a real work environment. This is what CIMA'S Practical Experience Requirement (PER) is all about.
To complete CIMA and gain membership you will need to achieve a minimum of 36 months’ experience across the four knowledge areas, with a maximum of 60 months to be evidenced.Download the per guide
E1 MANAGING FINANCE IN A DIGITAL WORLD
The syllabus comprises the following topics and weightings:
A. Role of the finance function: This section examines the roles that finance plays in organisations and why. It describes in detail the activities that finance professionals perform to fulfil these roles. Consequently, it is the foundation of the whole qualification and answers the question: what do finance professionals do and why? It provides links with other topics within the subject and what is covered in other areas of the Operational Level.
B. Technology in a digital world: This area focuses on the technologies that define and drive the digital world in which finance operates. It provides awareness of the technologies used in organisations and deepens understanding of the impact of the technologies on what finance does. It draws on the issues raised in the previous section about the role of finance and the activities finance performs to fulfil these roles. Given that the digital world is underpinned by technology and the use of data, this section provides a foundation to the next section on data.
C. Data and information in a digital world: This section draws out one of the major implications of using technology in organisations and the finance function — namely the collection and processing of information can be done more effectively by machines rather than by people. It asserts that the role of finance professionals should be to use data to create and preserve value for organisations. Five ways of using data are examined. The key competencies required to use data in these ways are also highlighted. The primary objective is to help finance professionals understand what they can do with data and how to build the skills needed to use data.
D. Shape and structure of the finance function: This section brings together the implications of the previous sections. It reveals how the finance function is structured and shaped. This structure and shape enables finance to perform its role in the organisation and with other internal and external stakeholders. In this sense, it prepares candidates for the next section, which looks at how finance interacts with key internal stakeholders in operations, marketing and human resources.
E. Finance interacting with the organisation: The finance function is not the only area of activity in organisations. Finance joins with others to create and preserve value for their organisations. This section brings together what has been learned in the previous section to describe how finance can interact with other parts of the organisation to achieve the objectives of finance, those other areas and crucially the objectives of the whole organisation. The aim is to show how finance can work collaboratively in a connected (and joined-up) organisation and not in isolation.
READY TO MAKE A START with rca?
Step right in and start your CIMA & RCA journey. RCA run all courses twice yearly to help keep you moving through the qualification with classes running during the spring and autumn terms for E1, on an evening and weekend basis.
INCLUDED IN YOUR E1 LIVE ONLINE/CLASSROOM COURSE
1. Face to face classes in the prestigious Riddel Hall or login via the live stream, the choice is yours *(currently running under the live stream option)
2. 22-26 Hours of lectures from subject specialist tutors
3. Exam question practice throughout
4. All classes are recorded and uploaded to your online account to recap and reinforce classroom learning
5. Can't make it to a class? No problem, just catch up via your online recording
6. All learning materials included (tutor course notes, Kaplan study text & exam kit)
7. Tutor support 24/7 via Email, What'sApp or Phone
8. What'sApp group support. with tutor updates with assignments pre & post class
9. Flexible payment terms available
10. Pass guarantee.....guaranteed:)