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P3 Exam Dumps : Risk Management

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CIMA P3 Exam Dumps FAQs

Q. # 1: What is the CIMA P3 Exam?

The CIMA P3 Exam, also known as the Risk Management exam, is a part of the Chartered Institute of Management Accountants (CIMA) qualification. It focuses on identifying, evaluating, and managing risks within an organization.

Q. # 2: Who should take the CIMA P3 Exam?

The CIMA P3 exam is ideal for aspiring and practicing management accountants, financial analysts, and risk management professionals seeking the prestigious CIMA designation.

Q. # 3: What topics are covered in the CIMA P3 Exam?

The CIMA P3 exam covers topics such as risk identification, risk evaluation, risk management techniques, internal controls, and corporate governance.

Q. # 4: How many questions are on the CIMA P3 Exam?

The CIMA P3 Exam consists of 60 objective test questions.

Q. # 5: What is the duration of the CIMA P3 Exam?

The CIMA P3 Exam duration is 90 minutes.

Q. # 6: What is the passing score for the CIMA P3 Exam?

Candidates need to score at least 70% to pass the CIMA P3 Exam.

Q. # 7: What is the difference between CIMA P3 and F3 Exams?

The CIMA P3 (Risk Management) and CIMA F3 (Financial Strategy) exams are both part of the Chartered Institute of Management Accountants (CIMA) Professional Qualification, but they focus on different areas of business management. Here’s a comparison of the two:

  • CIMA P3 Exam: The CIMA P3 Exam emphasizes risk management and governance. It focuses on identifying, evaluating, and managing risks that could affect an organization. Topics include risk assessment, internal control systems, governance, ethics, and social responsibility.
  • CIMA F3 Exam: The CIMA F3 Exam is centered around financial strategy. It covers long-term financial decision-making, including raising finance, financial risk management, and evaluating corporate finance decisions such as mergers, acquisitions, and investment appraisals.

Q. # 8: Why choose CertsTopics for your CIMA P3 exam preparation?

At CertsTopics, we provide high-quality, fact-based P3 study materials tailored to your success. With our P3 exam dumps, practice tests, and questions and answers, you're equipped with everything you need to pass the P3 - Risk Management exam with ease.

Q. # 9: Does CertsTopics offer instant access to P3 study materials?

Yes, CertsTopics offers a smooth purchasing process. Simply add the desired P3 dumps material to your cart and proceed with payment for instant access to P3 PDFs and P3 testing engine.

Risk Management Questions and Answers

Question 1

Which of the following are objectives of the audit planning procedure?

Options:

A.

To work out the time and resources required for the audit.

B.

To perform substantive tests.

C.

To work out how audit evidence will be obtained.

D.

To perform analytical review to identify possible areas for investigation.

E.

To set out how audit objectives will be achieved.

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Question 2

H sells machinery and also associated services, such as advice and repairs. H's industry is going through considerable transformation.

Classify each of the examples of information available to H's management as strategic, operational or of having little value.

Options:

Question 3

A UK based company is considering an investment of GB£1,000,000 in a project in the USA. It is anticipated that the following cash flows will arise from this project.

The cash flows will be either US$400,000 with a probability of 40% or US$700,000 with a probability of 60% for each of the next three years; remitted to the UK at the end of each year.

Currently GB£1.00 is worth US$1.30.

The expected inflation rates in the two countries over the next four years are 2% in the UK and 4% in the US.

Applying the Purchasing Power Parity Theory, which of the following represents the expected net present value of the project in GP£ (to the nearest whole pound)?

Options:

A.

GB£287,639

B.

GB£391,640

C.

GB£(111,973)

D.

GB£554,047