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CIMA Professional Qualification - Risk Management module P3

EXP028

Do you want to help businesses all over the world manage their finances? Accounting has so many open-ended opportunities and you can boost your career in the field with the Risk Management P3 module, which goes towards the CIMA Professional Qualification, recognised worldwide as the most relevant global finance qualification for a career in finance.

Course duration

Varies depending on enrolment date.

Course outcome

You will receive a pass in the Risk Management P3 module.

Entry requirements

You must have completed the Operational and Management Levels and exams.

Assessment

A mixture of progress tests and mock exams, as well as completion of one exam module.

Course Options

Study Options

This course is only available to study online.

Study Options

 
£719.00
or £22.81 /month*
Course code: EXP028
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*Pay monthly option available via Snap Finance on payment page in checkout

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Course overview

  • Learn about different types of risk.
  • Study internal control systems.
  • Learn how to evaluate and manage risk.

The CIMA Professional Qualification is recognised worldwide as the most relevant global finance qualification for a career in business and finance. In the Risk Management P3 module, you will examine why not all strategies end up being implemented due to various factors and risks. You will also learn to understand how to identify, evaluate and manage these risks.

This is one of the 12 modules you need to complete in order to achieve the CIMA Professional qualification. By successfully completing the Risk Management P3 exam, you will be one step closer to achieving the CIMA Professional Qualification.

On completion of the CIMA Professional Qualification, you will be awarded the Chartered Global Management Accountant (CGMA) designation. This showcases your professionalism, business and leadership skills, ethics, and commitment.

It is ideal for:

  • Students who want to develop their accounting and finance knowledge.
  • Those aspiring to work or progress their career in accounting, finance, or bookkeeping.

Future career options:

  • Chartered accountant
  • Finance manager
  • Management accountant
  • External auditor
  • Forensic accountant
  • Stockbroker
  • Internal auditor
  • Business analyst

Course content

  • Sources and types of risk
  • Evaluating risks
  • Managing risks

  • Risks associated with formulating strategy
  • Sources and impacts of reputational risk
  • Governance risks

  • Internal control systems
  • Internal controls for risk management
  • Issues relating to internal audits

  • Cyber threats
  • Reviewing cyber security processes
  • Cyber security tools and techniques
  • Cyber risk reporting

Extra information

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.

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.

At the end of this module successful, you will receive a pass in the Risk Management P3 module. This pass will count towards your overall CIMA Professional Qualification.

Please be aware that you will need to have three years of relevant practical experience; which can be gained before, during or after studies to achieve the full qualification. Find out more about practical experience requirements on the CIMA website.

Once you have completed the remainder of the Strategic Level modules, you will achieve your CIMA Professional Qualification. Students will be admitted to associate membership and granted the associate chartered management accountant (ACMA) and Chartered Global Management Accountant (CGMA) designations.

When you complete all three levels (Operational Level, Management Level and Strategic Level), you will achieve the CIMA Professional Qualification.

Upon completion of the Risk Management P3 module, you will be able to move on to another of the 12 modules to earn your CIMA Professional Qualification.

Take a read of our ‘How to Become an Accountant‘ career guide.

FAQs

You must have completed the Operational and Management Levels and exams.

Please be aware that you will need to have three years of relevant practical experience; which can be gained before, during or after studies to achieve the full qualification. Find out more about practical experience requirements on the CIMA website.

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.

  • Online learning platform
  • Video tutorials and webinars
  • Exam kit and progress tests
  • Personal study plan
  • Dedicated personal tutor support
  • Dedicated learner services
  • FREE CV critique service
  • FREE employability guide to help you impress future employers
  • FREE XO Student Discounts membership

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

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 team of education specialists a call on 03300 563 100 and they'll do their best to help.

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