CIMA P3 - Performance Strategy

Introduction

Studying for the P3 exam

The content of this Knowledge Bank is not designed to be a substitute for a structured system of study towards the exams but rather should help complement your chosen study system.

In particular,

• we do not guarantee full syllabus coverage,
• the knowledge bank focusses on knowledge, concepts and ideas but has very few worked examples or graded exercises for you to practice,
• there are no past exam questions here to attempt
• examiner's articles are not repeated here.

We highly recommend that you complete a structured course of study and obtain text books and exam kits to improve your chances of exam success.

Using the Kaplan Financial Knowledge Bank

The main benefits of the way the content is presented and accessed via the Knowledge Bank are as follows:

• a quick answer to a quick question - if you have a P3 query then you should be able to access a trusted answer quickly and efficiently using either the search function, the top navigation bars or /and the side navigation.
• integrated knowledge - examiners often criticise students for not appreciating how different topics fit together. By following the structured links and navigation bars in the content, you can explore related concepts to integrate your knowledge.

• assumed knowledge - you can revise assumed knowledge from P1 and P2  by searching for the relevant topics and reading around the subjects 

The CIMA P3 syllabus

 The syllabus for P3 is split into 5 main areas:

A Management Control Systems

The best place to start here is with the Internal Systems of Control page. This has numerous pages linked to it, depending on which aspects you wish to explore further.

B Risk and Internal Control

Start iwth the risk page and use the menu at the top or side to explore related topics. Then look in more detail at Internal Control Systems. Also look at the pages on Governance and Ethics.

C Review and Audit of Control Systems

Start with the page on Internal Control Systems and explore the links attached to it. 

D Management of Financial Risk

Start with the page on Risk and the Financial Manager and the pages linked to it. In particular you can explore in details risk management techniques relating to Interest Rate Risk and Foreign Exchange Risk.

E Risk and Control in Information Systems

Start with the pages on Controlling Risk  and Management Information Systems and explore the links to both pages.

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