CIMA Strategic Level Case Study Exam P3

Booking the P3 exam is an investment, and a failed attempt means paying the registration fee all over again. With 287 practice questions from Getcertkey, you walk into the CIMA Risk Management exam knowing exactly where you stand.

CIMA P3 Exam Overview:

Certification Vendor:	CIMA (Chartered Institute of Management Accountants)
Exam Name:	Risk Management
Exam Number:	P3
Related Certifications:	CIMA Strategic Level Qualification F3 Financial Strategy E3 Strategic Management
Exam Duration:	90 minutes
Available Languages:	English
Passing Score:	100/150 (scaled score, approx. 50%)
Real Exam Qty:	60 (Objective Test questions)
Certificate Validity Period:	Indefinite upon qualification completion (part of CGMA qualification structure)
Exam Format:	Computer-based exam, Objective Test (multiple-choice questions)
Recommended Training:	CIMA Official Learning Resources CGMA Study Hub
Exam Registration:	Pearson VUE Scheduling Portal CIMA Official Exams Registration
Sample Questions:
Exam Way:	Computer-based exam delivered via Pearson VUE test centers or remote proctoring (where available)
Pre Condition:	Completion of CIMA Operational Level (E1, P1, F1) and Management Level (E2, P2, F2) or equivalent progression requirements in CGMA qualification
Official Syllabus URL:	https://www.aicpa-cima.com/cimaexams

CIMA P3 Exam Syllabus Topics:

CIMA Risk Management Exam FAQ: What Candidates Ask Most

What is the CIMA P3 exam?

The P3 exam is the official CIMA (Chartered Institute of Management Accountants) exam behind the CGMA Professional Qualification (Strategic Level) certification, validating the skills measured by the CIMA Risk Management credential. It sits at the Professional level of the CIMA (Chartered Institute of Management Accountants) certification program. It also connects to E3 Strategic Management, F3 Financial Strategy, CIMA Strategic Level Qualification, so the knowledge you build here carries over to those tracks as well.

How many questions are on the P3 exam, and how much time do I get?

The P3 exam contains 60 (Objective Test questions) questions to be completed within 90 minutes. Before exam day, divide the available time by the question count to work out a comfortable per-question pace, and mark any item that eats into it so you can return later instead of getting stuck. Timed sessions in the Getcertkey test engines make that pacing automatic — run at least two full-length mock exams under the clock so time pressure never becomes the reason you drop points.

Are there any prerequisites for the P3 exam?

Completion of CIMA Operational Level (E1, P1, F1) and Management Level (E2, P2, F2) or equivalent progression requirements in CGMA qualification Requirements can change when CIMA (Chartered Institute of Management Accountants) revises its certification program, so confirm the current eligibility rules on the official exam page before you register.

How do I register for the P3 exam?

You can book the CIMA Risk Management exam through the official registration channels below:

• CIMA Official Exams Registration
• Pearson VUE Scheduling Portal

As for delivery, the exam is offered in the following format: Computer-based exam delivered via Pearson VUE test centers or remote proctoring (where available). Choose the option that suits you best when you book your seat.

What official training is recommended for the P3 exam?

CIMA (Chartered Institute of Management Accountants) recommends the following training resources for the CIMA Risk Management exam:

• CGMA Study Hub
• CIMA Official Learning Resources

Official courses build the foundation; the 287 practice questions from Getcertkey then show you how that knowledge is examined, so the two work best together.

Can I try the P3 practice questions before I buy?

Yes. Getcertkey provides a free P3 PDF demo so you can review the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates — if CIMA revises the exam during that period, the updated material reaches you at no cost. Once the free-update year ends, you can extend your update service at a 50% discount.

What if I fail the P3 exam, and how is my order delivered?

Every CIMA Risk Management purchase on Getcertkey is covered by a 100% money-back guarantee with clear conditions: if you take the corresponding exam within 60 days of your purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip and your official score report as a PDF within two days of the exam date; claims are processed within seven days of submission. The guarantee does not apply to exams taken within three days of purchase, to material that was downloaded but never used in an exam attempt, or to free products and expired orders, and the candidate name must match the payer name. If you would rather not take a refund, you can instead exchange your purchase for two free exam preparation products of equal value and keep the update service on your original product.

Delivery is instant: your download is sent to your email within one minute of payment, with no limit on how many computers you may install the material on. If nothing arrives within two hours, check your spam folder and contact customer service for help.

What topics are covered in the P3 exam?

The CIMA Risk Management exam blueprint is organized into 5 domains. The first three are:

• Risk Response and Mitigation
• Risk Types and Assessment
• Information Systems and Fraud Risk

For the complete domain-by-domain breakdown, scroll up to the full exam topics outline above and use it to plan how you distribute your study time.

CIMA Risk Management Sample Questions:

Question #1

KLO is a major quoted car rental company The company is considering publishing its first cyber risk management report AH rental bookings are made online Customers receive a booking reference number that they use to collect their cars from a convenient branch Customers enter their credit card details both so that KLO can take payment for their rental and also so that the customers can be charged automatically for late returns or damage to cars KLO's management believes that it has three key areas of cyber risk Cyber criminals may wish to make bookings using fictitious data in order to steal KLO's cars, they may wish to use customers details to identify addresses of people who are away from home so that they can burgle houses and they may wish to abuse customer credit card details KLO's Board is concerned that admitting to the nsk of stealing cars might encourage cnminals to exploit that vulnerability AJso. it is concerned that customers will be reluctant to rent cars if that would mean that their homes could be at risk of burglary while they are away The vulnerability of credit card details seems obvious and so the Board is not reluctant to admit to that.
Which TWO of the following are correct?

A. The independent accountant who will express an opinion on the risks and controls will be unwilling to sign the report unless it contains a full account of all risks and controls
B. The independent accountant's report on KLO's cyber risk management will refer only to those vulnerabilities that have been identified by KLO's Board
C. If KLO's Board omits one of more areas of concern from the report then the independent accountant who will sign the report is unlikely to discover that omission
D. The Board should be clear about all sensitive information that the company holds, but should also be clear about the robust controls in place to safeguard that information.
E. Stakeholders will not care about the vulnerabilities faced by KLO provided the independent accountant can confirm that the company has sound systems in place

Question #2

DRF is a manufacturing company
The internal auditor is conducting an investigation into the operation of the payroll system and has discovered a compliance error The Head of Human Resources (HR) is required to add any new names to the payroll, using a specific computer password The Head of HR was absent for a month because of ill health During that period a senior member of the Wages Office, who is normally responsible only for organising wage payments, was issued a temporary password in order to add new names to the payroll The password was cancelled when the Head of HR returned to work Which TWO of the following statements are correct?

A. The internal auditor should ignore the error because it only lasted for one month
B. The senior member of the Wages Office could have committed fraud
C. The compliance error should be overlooked because it was as a result of staff absence
D. The senior member of the Wages Office should be disciplined for being in breach of the rules
E. The payroll should be checked thoroughly to ensure that only authorised staff are present

Question #3

H has a floating rate loan that it wishes to replace with a fixed rate. The cost of the existing loan is LIBOR +
4%. H would have to pay a fixed rate of 8% on a fixed rate loan. H's bank has found a potential counterparty for a swap arrangement.
The counterparty wishes to raise a variable rate loan. It would pay LIBOR + 1% on a variable rate loan and
9% on a fixed rate.
The bank will require 10% of the savings from the swap and H and the counterparty will share the remaining saving equally.
Calculate H's effective rate of interest from this swap arrangement.

A. H would pay 6%
B. H would pay 6.2%
C. H would pay Libor + 1%
D. H would pay 6.4%

Question #4

V buys vegetables and fruit from three farms located in a different part of V's country and sells them to large supermarket chains.
A recent newspaper magazine had an article on these farms showing that the farms employ illegal immigrants whose status was used by the factory's owners to force them to work for low wages and in unpleasant conditions. They are forced to live in small overcrowded caravans with no running water. They are also given meals which are cold and poor quality. These farms are located in a developed country with strong labour laws.
Classify each of the following statements as true or false.

Question #5

Identify, from the list provided, which category of business risk most accurately describes the events detailed below.

Solutions: