Key Changes to the CIMA Syllabus
To help you get to grips with the new CIMA 2019 syllabus, our tutors have created a summary of the key changes from the 2015 syllabus.
Some modules have been subject to more change than others with the introduction of the 2019 CIMA syllabus.
The first diagram here shows all modules, with green highlighting modules that have received minimal change, red highlighting modules that have received significant change and orange showing modules with some change.
New content & some old content dropped
New content added & old content dropped
New content & orientation
New content & some old content moved to F3
Same broad areas but with digital focus
Same broad areas but with digital focus
New content from P3 & digital focus for old
New content & digital focus for old content
Find the changes to your remaining exams below…
CIMA E1 – Managing Finance in a Digital World
The focus of the E1 syllabus has changed considerably. The main additions cover developments in data use, new technologies and the increasing roles each of them play in modern business management. The new syllabus also explores their importance and value for the finance function. Parts of the syllabus focused on non-finance areas such as HR and Marketing have also been adjusted to focus more on how a finance professional would interact with and support these business areas. Finally, a number of topics such as change management have been removed from the E1 syllabus.
CIMA P1 – Management Accounting
The broad areas of the P1 syllabus remain fairly similar to the 2015 syllabus, however a general theme running throughout is a greater focus on digital issues in costing.
Some specific areas such as TQM and JIT are no longer examinable, and new areas such a big data analytics, stress testing budgets and the use of computer or spreadsheet planning models to assist decision making, have been included.
CIMA F1 – Financial Reporting
The 2019 F1 syllabus has been gutted with the complete removal of consolidated accounts. Additionally, several key standards (IAS 8, IAS 21, IAS 34 and IFRS 8), intangibles assets (IAS 38), employee benefits (IAS 19) and external audit have all been dropped.
The only new content will be IFRS 17 Leases and it will only be examinable from the perspective of the lessee.
CIMA E2 – Managing Performance
The broad themes of the 2019 syllabus are similar to that of 2015, although there is a greater emphasis on business models and value creation whilst the focus in the human aspect of the syllabus has moved towards the management of people.
CIMA P2 – Advanced Management Accounting
The P2 syllabus remains fairly unchanged compared with some of the other papers in the syllabus. However, some specific parts are being cut down or removed such as learning curves and budgeting.
There will also be more focus on responsibility centres and activity based management. A general theme to the small changes in the P2 syllabus is that the content will have more of a focus on digital products and companies.
CIMA F2 – Advanced Financial Reporting
The removal of group accounting from the new F1 syllabus means that the introduction to and production of consolidated financial statements, now features more prominently at F2. This is at the expense of more complex topics like group disposals, which have been removed.
There are also several changes to accounting standards to reflect the real life updates to some of these standards in the old syllabus. For example IAS 18 Revenue, which has been replaced by IFRS 15 Revenue from Contracts with Customers. Finally several new topics have been included such as IAS 38 Intangible Assets (previously featured in F1) and Integrated Reporting (previously featured in F3).
CIMA E3 – Strategic Management
As the 2019 syllabus continues to look at the management of an organisation’s strategy it is very similar to the previous syllabus.
However, what is new to the syllabus is it’s focus on an organisation’s digital strategy and the way that new technology has impacted on it.
CIMA P3 – Risk Management
CIMA F3 – Financial Strategy
F3’s content has remained mostly the same with some additions. First and foremost, there is a smaller focus on hedge accounting (reporting). In addition to this, F3 has absorbed the content that has been removed from P3 – financial risk and hedging techniques (greater depth).
In short, F3 has been kept very similar but with an even greater focus on the strategic applications of financial accounting.
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