CIMA Professional Qualification Management Level (E2, P2, F2)

CIMA Professional Qualification Management Level (E2, P2, F2)
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Who is CIMA?

As the market-leading provider of global accounting business qualifications, CIMA has developed the means to educate and test individuals interested in business finance at a management level.

CIMA offers the CIMA Certificate & CIMA Professional qualification.

Is the CIMA Professional – Management Level right for me?

This second level in the CIMA Professional qualification is suitable for individuals who have completed the CIMA Professional – Operational Level and looking to become fully qualified with CIMA, earning CGMA status.

Download our CIMA Study Path Infographic.

Course Overview

The CIMA Professional – Management Level is the second level of the CIMA Professional Qualification.

This qualification has three subject areas:

  • E2 - Managing Performance
  • P2 – Advanced Management Accounting
  • F2 – Advanced Financial Reporting

Upon completion of this course, you will gain the part qualified designatory letters CIMA Adv Dip MA. You can then start studying for the final stage of your CIMA Professional qualification journey, with the CIMA Professional – Strategic Level.


  • E2 - Managing Performance
    • Learn the fundamentals of business models and how to develop new business and operating models to improve an organisation’s overall performance
    • Discover how a variety of leadership styles can improve individual performance and help achieve organisational goals, as well as using performance management concepts to implement strategies effectively
    • Understand how to use project management techniques during implementation strategies
  • P2 – Advanced Management Accounting
    • Learn how to use quality and process management, cost management and value management to provide a cost advantage to your organisation
    • Discover the process, techniques and criteria used to decide which projects to undertake, as well as how to manage the performance of organisational units, ensuring they achieve their company objectives
    • Understand how to analyse the uncertainties and risks an organisation faces in the medium-term, focussing on capital investment decision making, and how to manage those risks
  • F2 – Advanced Financial Reporting
    • Learn the different sources and types of funds available and how much each cost
    • Discover the essential financial reporting standards that financial statements will be based on, as well as the application of these standards to prepare group accounts
    • Understand the International Integrated Reporting Framework, its components, and how to perform analyses of financial statements.


  • There are no prerequisites to start studying a CIMA qualification
  • The CIMA qualification is recognised across 179 countries, enabling delegates to have plenty of opportunities to work abroad
  • CIMA is highly recognised by employers, with 96% of FTSE 100 firms employing CIMA qualified individuals
  • CIMA graduates enter the industry with access to a wide range of opportunities, which include Finance, Consultative and Management roles
  • CIMA boasts a global network of over 650,000 current and next generation finance professionals*
  • CIMA members (CGMAs) earn average of £66,000**
  • 63% of CIMA students expect to receive a bonus within 12 months of qualifying*
  • This course includes eLearning, Study Books, Exam Preparation Guides, Pocket Revision Kits, Unlimited Tutor Support and Case Study Familiarisation Workbook

*Source - CIMA

**Source - 2019 Association of International Certified Professional Accountants Salary Survey

Exam Info

Objective Test

The Management Level has a 90-minute, computer-based Objective Test.

Objective Tests include a range of number entry questions, short multiple-choice questions, drag and drop questions, and more. They will test all component learning outcomes you have covered within this course.

This test is computer-graded, and you will receive a provisional grade of pass or fail immediately. Official results will be sent out within 48 hours.

Your exam can be taken at any Pearson Vue Test Centre around the world, with a choice of 5,000 centres.

You will also take a Case Study

The Management Level will conclude with a Case Study Examination, which integrates the skills, techniques and knowledge, gained across the three subjects covered. These Case Study Exams are available four times a year: Feb, May, Aug & Nov.

The role simulated in this Case Study is that of a Finance Manager. You will be provided with a simulated context, allowing you to demonstrate you have acquired the necessary knowledge, techniques and mindset for that role.

These Case Study exams are human marked, and you will receive your results five weeks after the close of the Case Study window on your MY CIMA account.

Designatory Letters

As you progress through your CIMA qualification journey you will gain the following designatory letters:

Certificate in Business Accounting

Once you have successfully completed the BA1, BA2, BA3 and BA4 exams, you will gain the designatory letters CIMA Cert BA.

Professional - Operational Level

After completing the tests and Case Study exam, you will receive the CIMA Diploma in Management Accounting and will gain the designatory letters CIMA Dip MA.

Professional - Management Level

After completing the tests and Case Study exam, you will receive the CIMA Advanced Diploma in Management Accounting and will gain the designatory letters CIMA Adv Dip MA.

Strategic Level

On completion of the Strategic level tests and Case Study exam, you will be eligible to submit your practical experience for assessment.

The practical experience requirement (PER) is an essential part of the CIMA Qualification and CIMA’s application process. It complements assessments and demonstrates your ability to apply knowledge and skills in the context of your professional experience.

Your PER application will be assessed to determine whether you have gained sufficient experience to be awarded Associate membership – giving you the Associate Chartered Management Accountant (ACMA) and Chartered Global Management Accountant (CGMA) designations.

In order to become a Chartered Global Management Accountant (CGMA), you require a minimum of three years verified relevant work-based practical experience.

E2 – Managing Performance
  • A. Business models and value creation
  • B. Managing people performance
  • C. Managing projects
P2 – Advanced Management Accounting
  • A. Managing the costs of creating value
  • B. Capital investment decision making
  • C. Managing and controlling the performance of organisational units
  • D. Risk and control
F2 – Advanced Financial Reporting
  • A. Financing capital projects
  • B. Financial reporting standards
  • C. Group accounts
  • D. Integrated reporting
  • E. Analysing financial statements
Course Code
Online Course
Course Access
1 Year
Exams Included
1 gigahertz (GHz)
1 GB
Operating Systems
Windows 7
Windows 8
Windows 10
Mac OS
Internet Explorer 8 or above
Google Chrome
Safari 6 or above
Mozilla Firefox
Windows, Mac, iPhone, iPad, Android