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Operational level

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

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

What do you learn at Operational Level?

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.

Part – Qualified designatory letters CIMA Dip MA

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.

E1 Managing Finance in a digital world

A. Role of the finance function

B. Technology in a digital world

C. Data and information in a digital world

D. Shape and structure of the finance function

E. Finance interacting with the organisation

What do you learn in E1?

• The central role that finance plays in an organisation, and how and why technologies used impact the finance function. 

• How to use and examine data collected and processed by machines to create and preserve value for organisations.  

• How the finance function is structured and shaped, and how it interacts with other parts of the organisation to achieve the objectives of the whole organisation.

P1 Management Accounting

A. Cost Accounting for decision and control

B. Budgeting and budgetary control

C. Short term commercial decision making

D. Risk and uncertainty in the short term

What do you learn in P1?

• Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used. 

• How budgets are prepared and implemented across the organisation, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools.

F1 Financial Reporting

A. Regulatory environment of financial reporting

B. Financial statements

C. Principles of taxation

D. Managing cash and working capital

What do you learn in F1?

• Who the regulators are, what they do and why and how regulations are applied.

• How to prepare basic financial statements using financial reporting standards.

• How to distinguish between types of taxes, calculate corporation taxes and issues affecting taxation.

 • What tools are used to ensure that the organisation has enough cash to ensure its continuing operations.

Operational 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 Operational level, the role simulated is that of an Entry level finance professional and the capstone Case Study Examination provides a simulated context, which allows candidates to demonstrate that they have acquired the required knowledge, skills, techniques and mindset for that role.

Further detail of the Operational 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