Get ready for CIMA 2019 at FI

Last week CIMA announced their new syllabus for 2019. The launch formed part of CIMA’s “Festival of Finance” that looked at the key trends impacting finance teams and professionals – you can see our summary of the key points discussed here.

Get ready for CIMA 2019 at FI

Last week CIMA announced their new syllabus for 2019. The launch formed part of CIMA’s “Festival of Finance” that looked at the key trends impacting finance teams and professionals – you can see our summary of the key points discussed here.

In this article, James Morley sets out some more information on the new syllabus and what you can do to prepare.

What’s changing?

The 2019 syllabus from CIMA is more evolution than revolution. After the huge change to assessment models in 2015, the 2019 update sees a greater focus on aligning the core syllabus to the knowledge and skills needed to operate in the modern business environment, with a focus on data, technology and digitalisation.

As a rule, the biggest changes will be seen in the Enterprise Pillar. For example, E1 sees 60% of the syllabus now focused on the role of technology, handling data in a digital world and understanding how advances in this area impact the shape and structure of the finance function.

A summary of the key changes can be found here for those that would like to delve into the changes to each paper.

When will it change?

The key dates to remember are:

  • 3rd November – the last day that you will be able to sit an OT exam under the current syllabus
  • 4th November – the first day you will be able to sit an OT exam under the 2019 syllabus (you will be able to schedule 2019 exams from the 1st August)
  • November 2019 Case study sitting – the last case study exam under the 2015 syllabus for first attempts (those who attempt the November case study and are not successful will be able to resit under the 2015 syllabus in February 2020).
  • February 2020 Case study sitting – the first case study sitting under the CIMA 2019 syllabus

What should I do?

Whilst the prospect of changing syllabus mid-way through your studies can be daunting there is no need to worry – you have plenty of time to plan your transition.

Our advice to CIMA students is to try and finish the level you are currently studying under the current syllabus. This will allow you to start on the 2019 syllabus at a clean edge.

If finishing the level you are currently working on isn’t possible, then we recommend completing papers which will see (relatively) less change under the new syllabus. We are recommending students prioritise completing F1 and P1 at Operational level and P2 at Management level prior to the new syllabus being examined in November. Leaving the papers which have significant updates will put you in a better position to sit and pass the updated case study exams next year.

Next steps

Now is a great time to revisit your study plan for 2019 and sense check it against the advice that we have provided above.

We have plenty of course options, both in centre and online, to support your study plans and a team of expert tutors who are on hand to help you every step of the way. So, if you find yourself a little unsure what to do next or how the new syllabus will effect you, then get in touch – we would love to hear from you!

Finally, keep an eye out on our website and social channels as we will continue to publish advice and help over the coming weeks!

 

 

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