CIMA CIMAPRA19-P03-1 : CIMA Risk Management Exam

  • Exam Code: CIMAPRA19-P03-1
  • Exam Name: CIMA Risk Management Exam
  • Updated: Sep 15, 2026   Q&As: 223 Questions and Answers

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What is CIMA CIMAPRA19-P03-1 Certification Exam

CIMA is the Council of Senior Managers in Africa and the Council is the go-to organization for CIMA certification exams. Unless otherwise noted, all exam questions are taken from one of two core textbooks and each is based on one of two core certification tracks, sustainable management, and corporate finance/auditing. The education syllabus depends on the kind of CIMA CIMAPRA19-P03-1 certification you are taking. The following is a list of topics that the exam may cover: The following courses will provide you with an overview of how to prepare for exams. This is just the title of the course, you can look up the course on this web page: Since each exam is different, it is important to check with your instructor for individualized instruction. However, most courses follow a similar structure.

Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3

What is the CIMA Level, and how to earn a CIMA Level I-IV?

The purpose of the CIMA levels is to indicate the level of your knowledge, skills and abilities in management accounting. The levels are:

  • CIMA Level 1: For those who have acquired at least 60% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member. These individuals can still be very useful in organizations, as accounting managers or research assistants. They also gain a greater understanding of boundaries and can advise others on matters that are beyond their level.
  • CIMA Level 2: For those who have acquired at least 80% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member. These individuals can still be very useful in organizations, as accounting managers or research assistants. They also gain a greater understanding of boundaries and can advise others on matters that are beyond their level.
  • CIMA Level 3: For those who have acquired at least 90% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member.

Prerequisites of CIMA CIMAPRA19-P03-1 Certification Exam

In order to take the CIMA CIMAPRA19-P03-1 certification exam, students must meet all the following requirements:

  • Masters Degree in finance or accounting with a GPA of at least 2.75
  • Minimum three years of relevant work experience as a financial manager or auditor
  • To complete the Postgraduate Business Course (PGBC), you must have knowledge of English and be able to communicate effectively on a professional level in this language
  • To complete the Professional Practice Management course (PPBC), you must have knowledge of English and be able to communicate effectively on a professional level in this language
  • To take the exam, you must have received a minimum grade of 70% in each of the four exam sections: Corporate Finance and Accounting, Auditing, Management Control and Risk Management and Economics for Managers
  • The exam can only be taken once per person in one sitting period. It is taken twice annually within six months of one another
  • To receive your certification by CIMA CIMAPRA19-P03-1 examination, you must pass each exam section with a minimum score of 70%

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CIMA CIMAPRA19-P03-1 Exam Syllabus Topics:

SectionWeightObjectives
Enterprise Risk25%- Sources and types of risk
- Risk appetite, tolerance and capacity
- ERM frameworks (COSO, ISO 31000)
- Risk registers and assurance mapping
Internal Controls25%- Role of internal audit
- Control monitoring and reporting
- Control design and segregation of duties
- COSO Internal Control framework
Strategic Risk25%- Stress testing and scenario analysis
- Reputational and compliance risk
- Financial risk and hedging techniques
- Governance and board responsibilities
Cyber Risk25%- Cyber controls and incident response
- Information security standards (ISO 27001)
- Cyber risk assessment and reporting
- Cyber threats and vulnerabilities

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