For all exams listed below, classes are offered individually, online, and in-person. A typical course lasts from 3 to 4 months, depending on the participant's performance. If classes are held twice a week, each class lasting 2 hours, the monthly fee is 300 manat. If classes are held three times a week, each class lasting 2 hours, the monthly fee is 450 manat.

Full CIMA Professional Qualification is a globally recognized program conducted entirely in English, split into four distinct levels containing 12 exams in total. The qualification focuses on blending financial expertise with strategic business management. To become a Chartered Global Management Accountant (CGMA), candidates must pass all exams and verify three years of relevant practical experience.

The Core Framework (Three Pillars)

The qualification is structured across three functional pillars that run vertically through the Operational, Management, and Strategic levels:

· Enterprise Pillar (E): Focuses on business models, marketing, human resources, and corporate strategy.

· Performance Pillar (P): Focuses on management accounting, costing, budgeting, risk management, and capital investment appraisal.

· Financial Pillar (F): Focuses on financial accounting, preparation of financial statements, taxation, and regulatory frameworks.

Qualification Levels and Exams

[ STRATEGIC LEVEL ] ==> E3 + P3 + F3 ======> Strategic Case Study (SCS)

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[ MANAGEMENT LEVEL ] ==> E2 + P2 + F2 ======> Management Case Study (MCS)

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[ OPERATIONAL LEVEL ] ==> E1 + P1 + F1 ======> Operational Case Study (OCS)

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[ CERTIFICATE LEVEL ] ==> BA1 + BA2 + BA3 + BA4 (Foundations Level)

1. Certificate in Business Accounting (Cert BA)

The entry level for students with no formal background in business or finance. It features four foundational exams:

· BA1: Fundamentals of Business Economics

· BA2: Fundamentals of Management Accounting

· BA3: Fundamentals of Financial Accounting

· BA4: Fundamentals of Ethics, Corporate Governance, and Business Law

2. Operational Level (Awards: CIMA Dip MA)

Teaches short-term decision-making and how to implement tactical plans.

· E1: Managing Finance in a Digital World

· P1: Management Accounting

· F1: Financial Reporting

· OCS: Operational Case Study (integrates E1, P1, and F1 context into a single business simulation).

3. Management Level (Awards: CIMA Adv Dip MA)

Teaches how to monitor, analyze, and manage the performance of business units.

· E2: Managing Performance

· P2: Advanced Management Accounting

· F2: Advanced Financial Reporting

· MCS: Management Case Study (integrates E2, P2, and F2 into a business scenario where you act as a Finance Manager).

4. Strategic Level

Focuses on long-term corporate decision-making and risk management across the entire organization.

· E3: Strategic Management

· P3: Risk Management

· F3: Financial Strategy

· SCS: Strategic Case Study (the capstone 3-hour exam where you act as a Senior Executive/CFO).

Exam Formats and Scoring System

The exam system utilizes two completely different assessment methods administered through Pearson VUE:

Feature

Objective Tests (OTs)

Case Study Exams (CSs)

Exams Covered

9 exams (E1-E3, P1-P3, F1-F3)

3 capstone exams (OCS, MCS, SCS)

Format

Multiple-choice, drag-and-drop, numeric entry

Essay-type long answers (Business memos/reports)

Duration

90 minutes per exam

3 hours per exam

Availability

On-demand all year round

4 windows per year (Feb, May, Aug, Nov)

Pre-seen Material

None

Provided 6–7 weeks before the exam

Passing Score

Scaled score of 100 out of 150

Scaled score of 80 out of 150

Alternative Pathways to Fast-Track Full CIMA

If you already possess university degrees or senior management experience, you might skip multiple exams via specialized routes:

· CGMA FLP (Finance Leadership Program): A newer digital pathway that replaces the 9 Objective Test exams with continuous online assessments, meaning you only need to sit for the 3 main Case Study exams.

· CPA / ACCA Routes: Qualified members of selected accounting bodies can get extensive exemptions, sometimes bypassing everything except the final Strategic Case Study exam.

· Executive Pathways: Senior business executives with over 10 years of experience can apply for fast-track routes (e.g., C-Suite Pathway) that require passing only the SCS exam.

Would you like to check if your current university degree or professional experience qualifies you for any exemptions from the foundational exams, or are you interested in learning more about the FLP (Finance Leadership Program) route?