Changes in the 2015 CIMA Syllabus

Changes in the 2015 CIMA Syllabus

This is just a synopsis of what you will expect: For a full guide to the syllabus for each subject please download the new CIMA syllabus guide here

 CIMA 2015 Syllabus changes

You’ll be glad to know the content is not undergoing wholesale changes in new CIMA syllabus 2015, there have been a few to reflect student feedback and the intentions of the new structure. Here is a brief overview:

Enterprise pillar

For the enterprise pillar, CIMA have introduced a new topic relating to ‘finance function transformation’ and reduced the depth and detail regarding the topic of project management. CIMA have also introduced ‘big data’ analytics and strengthened the theme of change management.

Performance pillar

For the performance pillar CIMA have removed managing short-term finance and placed it into the financial pillar, they have also transferred theories on organisational structures to enterprise. At the same time, CIMA have expanded the topic of environmental costing. The topic risk has been taken from financial and enterprise and consolidated into the strategic level of performance. Also, Specific IT risks have moved out of P3 and IT is now only specifically examined in the enterprise pillar.

Financial pillar

In the financial pillar, CIMA have created a more consistent progression for the topic of financial reporting, and included integrated reporting and sustainability. They have moved content regarding investment appraisal and risk to the performance pillar and ensured both finance and financial reporting are a part of all three exams (previously they were split in to separate exams). Funding and financing from F3 has now been spread throughout each level of the financial pillar, with elements of financial reporting being moved up to F3, so that the Financial stream contains financial reporting issues throughout the entire stream. Also, NPV has moved out of F3 and is now almost exclusively examined in P2.

The Syllabus



Articulate a Vision


Make that Vision a Reality


Report Attainment of the Vision


How do we develop strategy?

How do we plan for its effective implementation?

Making sure the strategy is realistic!

How can we make sure the strategy is being implemented effectively?

How do we prepare financial statements?

How do we interpret financial statements? And how do they help us make decisions



E3 Strategic Management

P3 Risk Management

F3 Financial Strategy

Making Strategic Decisions

Effective implementation of Strategy

A) Interacting with the organisations environment

B) Evaluating strategic position and options

C) Leading change

D) Implementing strategy

E) Information systems in organisational strategy

A) Identification, classification and evaluation of Risk

B) Responses to strategic risk

C) Internal controls to manage risk

D) Managing risks associated with cash flows

E) Managing risks associated with capital investment

A) Formulation of financial strategy

B) Financing and dividend decisions

C) Corporate finance



E2 Project and Relationship Management

P2 Advanced Management Accounting

F2 Advanced Financial Reporting

Monitor strategic implementation

Make sure the correct action is taken

A) Introduction to strategic management and assessing the global environment

B) The human aspects of the organisation

C) Managing relationships

D) Managing change through projects

A) Cost planning and analysis for competitive advantage

B) Control and performance management of responsibility centres

C) Long-term decision making

D) Management control and risk

A) Sources of long-term finance

B) Financial reporting

C) Analysis of financial performance and position



E1 Organisational Management

P1 Management Accounting

F1 Financial Reporting and Taxation

Implement strategy

Report of strategy implementation

A)  Introduction to organisations

B) Managing the finance function

C) Managing technology  and information

D) Operations management

E) Marketing

F) Managing human resources

A) Cost accounting systems

B) Budgeting

C) Short-term decision making

D) Dealing with risk and uncertainty

A) Regulatory environment for financial reporting and corporate governance

B) Financial accounting and reporting

C) Management of working capital, cash and sources of short-term finance

D) Fundamentals of business taxation

For a full guide to the syllabus for each subject please download the new CIMA syllabus guide here

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