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Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
The CIMA Professional Qualification is suited for anybody who wants to pursue a career in finance focusing on accounting, reporting and business strategy. It is quite different than the conventional courses which concentrate more on accounting, taxation and audit.
CBAs are available for all the papers of the Certificate Level and can be taken at any time of the year, allowing students to progress through CIMA papers at their own pace.
CBA uses computers to deliver questions and receive answers. Objective test questions are used in the assessment (the most common type is multiple choice but there are other formats).
The CBA system has many benefits:
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Dealing with Uncertainty in the Short Term | 15% | - Sensitivity analysis and simulation - Basic internal control and risk management - Risk and uncertainty concepts - Expected values and decision trees |
| Topic 2: Cost Accounting for Decision and Control | 30% | - Costing methods and techniques - Standard costing and variance analysis - Absorption, marginal and activity-based costing - Cost classification and behaviour |
| Topic 3: Budgeting and Budgetary Control | 25% | - Budget preparation and approaches - Behavioural aspects of budgeting - Quantitative analysis for forecasting - Flexible budgets and budgetary control |
| Topic 4: Short-Term Commercial Decision Making | 30% | - Pricing decisions and make-or-buy choices - Working capital management - Break-even and limiting factor analysis - Relevant costing and opportunity costs |
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