CIMA Level 5 Diploma inChartered Institute of Management Accounting (Operational Level)

The CIMA professional qualification is recognised worldwide as the most relevant global finance qualification for business.

As a CIMA-qualified professional, you will be able to drive business success. You will use your financial knowledge to influence strategic decisions and manage performance.

Operational level is the first level of the professional qualification and consists of four exams, outlined below.

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Key Facts



Mode of Attendance:

  • Part Time

Course Duration:

1 Year

College Code:


Contact our Employers Team for more information about the training costs.

Course Content

Organisational management (E1)

This module covers:

  • Introduction to organisations
  • Managing the finance function
  • Managing technology and information
  • Operations management
  • Marketing
  • Managing human capital

You will learn how to:

  • analyse issues and events in the global business environment
  • develop an understanding of the structure and principles sustaining the operational functions of the organisation
  • align and mobilise all its parts to implement strategy

Management accounting (P1)

This module covers:

  • Cost accounting systems
  • Budgeting
  • Short-term decision making
  • Dealing with uncertainty through decision analysis

You will learn how to:

  • use budgeting as a means of short-term planning to implement the strategy of the organisation
  • analyse information of costs, volumes, and prices to take short-term decisions on products and services
  • appreciate the impact of risk to these decisions

Financial reporting and taxation (F1)

This module covers:

  • Regulatory environment for financial reporting and corporate governance
  • Financial accounting and reporting
  • Management of working capital, cash, and sources of short-term finance
  • The fundamentals of business taxation

You will learn how to:

  • produce financial statements for both individual entities and groups with reference to international financial reporting standards
  • manage cash and working capital within the business
  • understand and apply basic principles of business taxation

Operational level case study

This module covers a variety of P1, F1, and E1 content.

You will learn how to apply the knowledge you have gained in the three subjects to reflect real-life work situations.

Features & Benefits

You will be assessed by computer-based examinations throughout the course. Altogether there are four exams: one per pillar and one case study.

Entry Requirements

  • AAT Level 4
  • CIMA Certificate
  • Any relevant qualification which gains you exemptions from the CIMA Certificate in Business Accounting

Progression Opportunities

Successful completion of this course will enhance your current practice and improve your career prospects. You may also choose to progress on to managerial level, which is the next level of the professional qualification.

Get in touch

Speak to one of our business development experts about how we can help you to grow your business.

Call: 01509 515461

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