CIMA P3 Performance Strategy Exam questions by notes chapter

Chapter

CIMA Exams

Chapter 1 ................................................................
P3 Nov 2012 Q1a (Risk and control)
Risk................................................................
P3 Sept 2012 Q1a (Risk and control)
1.
Risk ................................................................
2.
Types of risk................................ P3 Sept 2012 Q4b,c (International Risks)
3.
Strategic Business risks ................................
P3 May 2012 Q1a (Risk with governance)
4.
Operational business risks ................................
5.
Financial risk ................................ P3 Nov 2010 Q 1a (Investment proposal and
6.
International risk ................................
7.
High Reliability Organizations (HROs)................................
8.
Attitudes to risk ................................
9.
Human decision making and risk ................................
Chapter 2 ................................................................
P3 March 2012 Q3 (Disaster management)
Risk Management ................................................................
P3 Nov 2012 Q3 (Reducing Risks)
1.
Risk Management ................................
2.
Risk Management Process ................................
P3 Sep 2011 Q1a (Risk management cycle)
3.
Enterprise risk management COSO1 ................................
P3 May 2011 Q1b (Analysing risks, risk and
4.
Problems of risk management ................................

risk)

control)

P3 Sept 2010 Q1 (Risk/risk response)

P3 May 2010 Q1a (Evaluate risks)
P3 May 2010 Q2b (Risk management strategy)
Chapter 3 ................................................................
P3 Nov 2012 Q2 (Board Governance)
Governance ................................................................
P3 May 2011 Q2 (Risks/governance)
1.
Governance................................................................
2.
Principles of corporate governance ................................
P3 March 2011 Q1a (Risks/governance)
3.
The UK Code of Corporate
1
P3 Nov 2010 Q3 (Nominations committee/director
Governance ................................................................
4.
Corporate governance
scheme)
Internationally ................................................................

bonus

P3 May 2010 Q2a (Director pay)

Chapter 4 ................................................................
P3 Sept 2012 Q3 (Control environment and
Internal Control ................................................................
controls)
1.
Internal Control................................
2.
5 components of internal control
P3 March 2012 Q1b (Control environment)
systems (COSO) ................................................................
P3 Sep 2011 Q1b,c (controls)
3.
Governance and controls ................................
4.
Control objectives................................
P3 May 2011 Q4 (Fraud/controls)
5.
Control activities or procedures ................................
6.
Control precision ................................
7.
Internal control and Fraud ................................
8.
Internal controls and business
improvement ................................................................
9.
Limitations of internal control................................

internal

Chapter 5 ................................................................
P3 Sept 2012 Q2 (ROCE/quality control)
Management Control Systems ................................
P3 May 2012 Q3b,c (TQM)
1.
Management control systems ................................
2.
Tools of management control................................
P3 March 2012 Q2 (Balanced scorecard/dysfunctional
3.
Management accounting control
behaviour)
systems ................................................................
4.
Controlling Ethics................................
P3 Nov 2011 Q1a (Ethics/Governance)
5.
Control theory ................................

P3 Nov 2011 Q2 (HR controls bonus scheme)

P3 Sep 2011 Q2 (Lean management accounting)
P3 March 2011 Q2 (Ethics/Internal audit)
P3 Nov 2010 Q
P3 Nov 2010 Q1b (supervision control)
P3 Sep 2010 Q3 (Management control systems/ethics)
P3 May 2010 Q1d (ethics)

Chapter 6 ................................................................
P3 Nov 2011 Q2 (Managing risk using IT)
Risk and control in information systems ................................
P3 Nov 2010 Q2a (Operational risks/IT risk)
1.
Information................................................................
2.
Levels of management, information
P3 Sept 2010 Q2 (Information systems/IT controls)
and control ................................................................
P3 May 2010 Q1b (MIS)
3.
Information systems and control ................................
4.
IS strategy ................................................................
Chapter 7 ................................................................
P3 Nov 2012 Q1b (Expert system, Systems development
The IT department and control of systems
controls)
development ................................................................
1.
Managing the IS department ................................
P3 March 2011 Q3 (Systems implementation and review)
2.
Centralisation vs decentralisation................................
3.
Outsourcing................................................................
4.
Accounting for the IS Department................................
5.
Steering committee ................................
6.
Systems development ................................
Chapter 8 ................................................................
P3 Nov 2012 Q1b (IT Risk and control)
Control and security of IT ................................
P3 May 2012 Q1c(i)
1.
Key risks ................................................................
2.
IT controls ................................................................
P3 March 2012 Q1a (Website risks and control)

P3 May 2010 Q4 (Evaluating IT risks/risk assessment)

Chapter 9 ................................................................
P3 Nov 2012 4 (Independence/governance/audit testing)
Internal Auditing................................................................
P3 Sept 2012 Q1b (Planning and conduct of internal
1.
Internal auditing................................
2.
Developing the plan of audit
audit)
engagements ................................................................
P3 May 2012 Q1c(ii) (Audit Tests)
3.
Undertaking an internal audit ................................
4.
Measuring the internal audit function ................................
P3 Nov 2011 Q3 (Internal audit/fraud)
5.
Role in corporate governance................................
P3 Sep 2011 Q3 (Internal audit investigation)
6.
Relationship with the external
auditor ................................................................
P3 May 2011 Q1c(Internal audit/ethics)
7.
Auditor ethics ................................
P3 Sep 2010 Q1b (Post completion audits)
8.
Computer-assisted audit techniques ................................
Chapter 10 ................................................................
P3 Sep 2011 Q1d (Loan risks)
Financial Risk................................................................
P3 May 2011 Q3 (Value at Risk)
1.
What is financial risk?................................
2.
Investments risks ................................
P3 May 2012 Q3b,c (Treasury department)
3.
Financial risks associated with
business and trading overseas ................................
4.
Quantifying risk ................................
5.
Diversification................................
6. Treasury dept
Chapter 11 ................................................................
P3 Nov 2012 3 (Currency risk/treasury dept)
Currency Risk................................................................
1.
Currency risk ................................ P3 Sept 2012 Q4a (PPP)
2.
Translation risk ................................
P3 Nov 2011 Q4 (Netting balances)
3.
Transaction risk................................
P3 Sep 2011 Q4 (Currency risk/money market
4.
Exchange rates terminology................................
5.
Purchasing power parity theory ................................
P3 May 2011 Q1d (Currency risks)
6.
Interest rate parity theory ................................

hedge)

P3 March 2011 Q1b,c (Internal vs External hedging,

Currency risk)
P3 Nov 2010 Q1c (currency risk)
P3 Sep 2010 Q4 (Currency risks)
P3 May 2010 Q1c (currency risks)

Chapter 12 ................................................................
P3 Sept 2012 Q3 (Hedging)
Currency hedging techniques ................................
P3 May 2012 Q3a (Forward)
1.
Hedging ................................................................
2.
Forwards ................................................................
P3 March 2012 Q1c (Hedging)
3.
Currency futures................................
P3 Nov 2010 Q4 (Currency risk/forward
4.
Currency options................................

rates)

P3 Sep 2010 Q1c (Hedging/futures)

P3 May 2010 Q3 (Forwards)
Chapter 13 ................................................................
P3 May 2012 Q1b(Interest rate risk/SWAPS)
Interest rate risk................................................................
P3 March 2012 Q4 (Loans currency risk/SWAPS)
1.
Interest rate risk................................
2.
Hedging interest rate risk ................................
P3 March 2011 Q4 (SWAPS)
3.
Interest rate SWAPS ................................
4.
Caps, Floors and Collars ................................
5.
Financial reporting and risks of derivatives