Operational level

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

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

The technical content at the Operational level

The Operational level covers the implementation of strategy, as well as reporting on the implementation of strategy. Its focus is on the short-term.

E1 Organisational Management

Covers: You will learn how to:


  1. Introduction to organisations
  2. Managing the finance function
  3. Managing technology and information
  4. Operations management
  5. Marketing
  6. Managing human capital



  1. Analyse issues and events in the global business environment
  2. Develop an understanding of the structure and principles sustaining the operational functions of the organisation
  3. Align and mobilise all its parts to implement strategy.

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P1 Management Accounting

Covers: You will learn how to:
  1. Cost accounting systems
  2. Budgeting
  3. Short-term decision making
  4. Dealing with uncertainty through decision analysis.
  1. Use budgeting as a means of short-term planning to implement the strategy of the organisation
  2. Analyse information of costs, volumes and prices to take short-term decisions on products and services
  3. Appreciate the impact of risk to these decisions. 

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F1 Financial Reporting and Taxation

Covers: You will learn how to:
  1. Regulatory environment for financial reporting and corporate governance
  2. Financial accounting and reporting
  3. Management of working capital, cash and sources of short-term finance
  4. The fundamentals of business taxation.
  1. Produce financial statements for both individual entities and groups with reference to international financial reporting standards
  2. Manage cash and working capital within the business
  3. Understand and apply basic principles of business taxation. 

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Exam pass rates

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

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2019 Professional Qualification

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Syllabus document

Find out more about the CIMA Professional Qualification (2015 Syllabus & Assessment)