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Management level

By passing the level, you will gain CIMA's Advanced Diploma in Management Accounting

Management level is the second level of CIMA's CGMA Professional Qualification and consists three subject areas.

What do you learn at Management Level?

The Management level focuses on translating long term decisions into medium term plans. You’ll be able to use data and relevant technology to manage organisational and individual performance, allocate resources to implement decisions; monitor and report implementation of decisions; as well as prepare and interpret financial statements to highlight business performance.

Part – Qualified designatory letters CIMA Adv Dip MA

After passing all four exams, you are awarded with the part-qualified designatory letters ‘CIMA Adv Dip MA’ and are ready to embark upon your Strategic Level journey.

E2 Managing Performance

A. Business models and value creation

B. Managing people performance

C. Managing projects

What do you learn in E2?

• The fundamentals of business models and how new business and operating models can be developed to improve the performance of organisations. 

• How different styles of leadership can be used to improve the performance of individuals to achieve organisational goals and how to use performance management concepts and techniques to implement strategies effectively and efficiently. 

• Use of project management concepts and techniques useful in implementing strategies. (Project management is linked to capital investment decision-making which is covered in P2D).

P2 Advanced Management Accounting

A. Managing the costs of creating value

B. Capital investment decision making

C. Managing and controlling the performance of organisational units

D. Risk and control

What do you learn in P2?

• How to use cost management, quality and process management and value management to provide organisations with cost advantage. 

• The criteria, process and techniques that are used to decide which projects to undertake, how to manage the performance of organisational units to ensure that they achieve their objectives.

• How to analyse risks and uncertainties that organisations face in the medium term, especially capital investment decision making, and managing those risks in the implementation of such decisions.

F2 Advanced Financial Reporting

A. Financing capital projects

B. Financial reporting standards

C. Group accounts

D. Integrated reporting

E. Analysing financial statements

What do you learn in F2?

• The sources and types of funds and how much they cost.

• The key financial reporting standards on which financial statements will be based and the application of those standards to prepare group accounts. 

 • The International Integrated Reporting Framework and its components and how to conduct analyses of financial statements and their limitations.

Management Level Case Study

Each level of CIMA's CGMA Professional Qualification culminates in a Case Study Examination, which integrates the knowledge, skills and techniques from across the three pillars into one synoptic capstone examination.

At the Management level, the role simulated is that of a finance manager. The capstone Case Study Examination provides a simulated context allowing candidates to demonstrate that they have acquired the required knowledge, skills, techniques and the mindset required for that role.

Further detail of the Management Case Study can be found in the Examination Blueprints

Exam pass rates

We publish up-to-date pass rates for the Professional Qualification exams every three months. 

Find the latest pass rates


For the first time, under the updated 2019 Professional Qualification, CIMA has published examination blueprints based on the syllabus which set out what is examinable in each of the nine Objective Tests and three Case Study exams. The Blueprints are published annually, and provide information about the format, structure and weightings of the assessments. 

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Objective Tests

Format: computer based
Availability: on demand at any of the 5,000 Pearson VUE centres around the world
Length: 90 minutes
Marking: computer marked
Results: provisional result available immediately followed by confirmation no more than 48 hours later

Further information
Objective Tests are comprised 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.

Latest exam pass rates

Study options

Browse and purchase CIMA approved courses, resources and products for the Certificate in Business Accounting and Professional Qualification, all in one place on the CGMA Study Hub.

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Syllabus document

Find out more about CIMA's CGMA Professional Qualification

Download the 2019 Syllabus