1Course Overview

CIMA Professional Qualification - Risk Management module P3

Course code: EXP028

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The CIMA Professional Qualification is recognised worldwide as the most relevant global finance qualification for a career in business. On completion of the CIMA Professional Qualification, and 3 years relevant experience, you will be awarded the Chartered Global Management Accountant (CGMA) designation. This showcases your professionalism, business and leadership skills, ethics and commitment. 

This Risk Management module is one of 12 you need to study and complete in order to achieve the CIMA Professional Qualification.

Successful completion of this Risk Management module will contribute towards achieving the CIMA Professional Qualification.

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2Course Content

Topics covered in this module include:

Identification, classification and evaluation of risk (20%)

Response to strategic risk (20%)

Internal controls to manage risk (20%)

Managing risks associated with cash flows (20%)

Managing risks associated with capital investment decisions (20%)

3Other Information
Pre-requisites to enrol on the course

You must have a CIMA certificate in Business Accounting, a degree in business or accounting or an AAT Level 4 diploma. In addition, you will need 3 years of relevant practical experience; which can be gained before, during or after studies. Find out more about practical experience requirements on the CIMA website https://www.cimaglobal.com/Studying/Becoming-a-cgma/Practical-experience-requirements/Updated-requirements/


You will need to sit a 90 minute computer based objective test at the end of the module. Objective tests comprise of a range of items including short multiple choice questions, number entry questions, drag and drop questions and other formats. They test all component learning outcomes across the whole subject. The cost of the objective test is not included in the price of this module. You will need to book with CIMA via the following link: https://www.cimaglobal.com/Studying/Exams/Scheduling-your-exam/ 

This course is offered on a distance learning basis, with access to required study materials and unlimited support from your personal tutor via email. Study at your own pace, wherever and whenever you choose.

Course Outcome

At the end of this module successful learners will receive a pass in the Risk Management module. This pass will count towards your overall CIMA Professional Qualification.

Students who complete all 12 modules and 3 years relevant experience will achieve the CIMA Professional Qualification.

CIMA (the Chartered Institute of Management Accountants) is the world’s largest leading professional body of management accountants, with the most useful accounting qualification for a career in business. 


Your Questions Answered

I've already got an accounting qualification - do I still have to complete all modules and exams?

There may be exemptions depending on what qualifications you already have. 

To find out if you are eligible to claim for an exemption use the CIMA exemptions link below:


What is included in the cost of my course?
  • Complete tuition stage video tutorials covering the entire syllabus
  • Complete practice stage video tutorials covering exam standard questions to ensure you are 100% ready for your exam
  • Focussed energisers and webinars to keep you on track for exam success
  • Learning reinforcement exercises for you to track how well you are doing
  • Exam simulation matching the CIMA format
  • Your own unique personalised study plan
  • Online learning platform
  • Personal tutor support
  • Dedicated student support
  • FREE CV writing service
Are there any additional costs?

Exams are not included in the cost of this course. You will need to book and pay for your exams directly with CIMA.

What if I still have questions?

That’s not a problem. We want to make sure you’re 100% confident about enrolling on the course and starting your study. So, just give our Student Support Team a call on 03300 563 100 and they’ll do their best to help.

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The total course fee includes a loan arrangement fee. Your initial deposit payment will be used towards this fee, any remaining fee balance will be added the loan amount.

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Our finance option is provided in partnership with AffordItNow.
For your finance application to be considered you must meet the following criteria:

  • Be over 18 years old
  • Be employed for at least 16 hours a week or retired and in receipt of a private or company pension. Certain state benefit schemes may also be considered.
  • Be a permanent UK resident with a 3 year address history
  • Have a good credit history with no late payments, debt relief orders or bankruptcies
  • Have a valid email address and can access it

Please note that meeting the above criteria does not guarantee finance acceptance.

Open Study College, 6140 Knights Court, Birmingham Business Park, Birmingham B37 7WY is a licensed credit broker, authorised and regulated by The Financial Conduct Authority (licence number 724179 with FCA).