p3 Self Study Guide 0

Management Accountants
Chartered Institute of
Self study guides Introduction i
Checklist O
Tips for success T
How to use the study planner ?
Study planner P
P3
P3 Overview of P3 P3
A. Identification, classification and evaluation of risk A
B. Responses to strategic risk B
C. Internal controls to manage risk C
D. Managing risks associated with cash flows D
E. Managing risks associated with capital investment decisions D

E
STRATEGIC LEVEL | Risk Management

P3 Risk Management | Self-study guides
O
This is your P3 self-study guide, it will help you plan and prepare
for your upcoming P3 assessment. Using this guide will give you: P
P3
1. A week-by-week plan covering the whole of the P3 syllabus
2. A useful study planner that you can personalise A
3. Tips from our subject experts to help you keep on track with your studies B
4. Links to a wealth of articles, guides and webinars to help you
C
understand the syllabus and get ready for your assessment
D
E
D
1
P3 Risk Management | Getting started
Your checklist
O
Before using this guide and starting your studies
P
there are a few things that you should consider:
P3
1. Decide on your study method. Find out more about your options and the courses,
resources and products available to you at www.cimaglobal.com/study-shop. A
2. Schedule your exam. Scheduling in advance and having a date to work towards B
can be very motivating, so don’t delay!
3. Join the P3 subject group on CIMAconnect and get support and advice from C
fellow P3 students along with other dedicated study resources. D

4. Keep a look out for our emails, giving you valuable information throughout
your study and preparation to sit P3. E
D
2
P3 Risk Management | Getting started
Tips from the experts

O
1. Be realistic when creating your study plan and be protective of your study time.
2. Think about where, when and how you will study to get the most out of your study time. P
3. When you are studying take short breaks and add variety into your study sessions – P3
take notes, read a study text chapter, attempt some practice questions, look at a relevant article
A
4. Look after yourself – eat and sleep well so you can function at your best
5. Be honest about your strengths and weaknesses – practicing exam questions will help B
highlight the syllabus areas that you need a better understanding of.
C
6. Always remember what you’re working towards – becoming a CGMA,
adding global power to your CV and showcasing your value around the world. D
E
D
3
P3 Risk Management | How to use your study planner
Take the time to plan out your studies. Let us talk you through it…
WEEK MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY TOTAL

AM PM AM PM AM PM AM PM AM PM AM PM AM PM
1. Calculate the number of weeks O
you have Intro. Intro 2hrs
1 A. 4hrs A. 4hrs
2. Consider time you want off, such as 2hr A. 8hrs P
evenings or weekends for social events
A. 12hrs
2 A. 4hrs A. 4hrs A. 4hrs P3
3. Take note of our recommended hours
4. See the example here for guidance A. 4hrs A
3 A. 4hrs A. 3hrs A. 3hrs B. 5hrs A. Revise 6hrs
B. 5hrs B
B. 14hrs
4 B. 3hrs B. 4hrs B. 3hrs B. 4hrs
C
B. 5hrs
5 B. 2hrs B. 3hrs B. 3hrs C. 3hrs D
B. Revise 6hrs
C. 16hrs E
D
6 C. 5hrs C. 3hrs C. 3hrs C. 5hrs
C. 8hrs
7 C. 4hrs C. 4hrs 4. 4hrs 4. 2hrs
C. Revise 6hrs
D. 12hrs
8 D. 3hrs D. 3hrs D. 3hrs D. 3hrs
D. 12hrs
9 D. 3hrs D. 3hrs D. 3hrs F. 3hrs
D. Revise 6hrs
10 D. 3hrs D. 3hrs E. 5hrs E. 3hrs
E. 8hrs
E. 16hrs
11 E. 5hrs E. 3hrs E. 3hrs E. 5hrs
E. Revise
12 B. 3hrs B. 4hrs B. 3hrs B. 4hrs
6hrs
Study period Revision Other commitments
4
P3 Risk Management | Create your study planner
Here you can plan out your studies – plan your daily hours and check off any completed sections.
WEEK MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY TOTAL

AM PM AM PM AM PM AM PM AM PM AM PM AM PM
O
1
P
2
P3
3
A
4
5 B
6 C
7 D
8 E
D
10
11
12
13
14
15
16
17
Create your own study planner using the editable table

above and check off the weeks on the left to keep on track. OR Print this page off and fill it in by hand!
5
P3 Overview
SESSION COMPONENT KAPLAN TEXT/

(DURATION) LEARNING OUTCOMES STUDY GUIDANCE/TIPS RESOURCES CIMASTUDY.COM
Week 1 – Part 1 “Introduction to P3” Familiarising yourself with the syllabus and what the Read the P3 syllabus O
exam is all about.
Read our ‘P3 study and
Review the P1 and P2 syllabus if exemptions were exam guide’ P
2 received to ensure there are no knowledge gaps.
HOURS
P3 article – a guide to
P3
success
Notes The session below is developed based on the CIMA Official Study Text and CIMAstudy.com. B
You can use other text books or online study material according to your preference.
During each session, start with reading the text and underlining key words and phrases. You C
may want to write your own set of revision cards and study notes as you are reading for more
effective learning. These can be carried around for regular revision. D
E
D
Post session review and Mind map
At the end of each week, dedicate some time to review what you have learnt.
Review the notes you have made and ensure your understanding.
Mind mapping is a useful tool to use for P3 as it helps you to summarise and link
different ideas and theories together.
Past exam questions

Many topics under the 2010 syllabus still remain relevant in the 2015 syllabus.
2010 past exam questions are still great learning resources. However, it should be
noted that some question styles are no longer examinable.
Read our ‘Guide to P3 exam question practice’
6
P3
P3 Checklist O
Study planner P
Overview of P3 P3

E
Syllabus topic A
IDENTIFICATION, CLASSIFICATION
AND EVALUATION OF RISK
Syllabus weighting – 20% Recommended study time – 30 hours over 2-3 weeks
7
P3 A. Identification, classification and evaluation of risk

Week 1 – Part 2 A1(a) Identify the types 1. Have a good understanding of the different Describing and Kaplan: O
of risk facing an types of risks facing an organisation. evaluating risks –– Chapter 1
organisation. P
2. Ensure you can differentiate between the various risks. Managing risk
cimastudy.com unit:
4 Drivers of Risk
HOURS –– Risks facing an organisation P3
Management –
–– Measuring and assessing risks
Academic Research Report
A
B
Practice questions
C
(taken from exam papers under the 2010 syllabus)
To access these questions join the P3 CIMAconnect group and search for the question in the P3 study resources area D
Longer format questions

E
D
May 2011 Q1b
May 2013 Q2a
September 2013 Q1b(i)
8

Week 1 – Part 3 A1(b) Evaluate the 1. Understand the various risk management models. A structured approach Kaplan: O
organisation’s ability to enterprise risk –– Chapter 2
to bear identified risks. management (ERM) and P
the requirements of ISO cimastudy.com unit:
4 31000 – TL Report
HOURS –– Risks facing an organisation P3
–– Measuring and assessing risks
A
B
Practice questions
(taken from exam papers under the 2010 syllabus) C
To access these questions join the P3 CIMAconnect group and search for the question in the P3 study resources area
D
Longer format questions Longer format questions continued Longer format questions continued
E
D
May 2010 Q1a November 2011 Q1a(ii) November 2012 Q1a(iii)
September 2010 Q1a Q1b(i) March 2013 Q1a
November 2010 Q1a March 2012 Q1a(i) May 2013 Q1a
March 2011 Q1a(iii) May 2012 Q1a Q2b
May 2011 Q1a September 2012 Q1a(i) September 2013 Q1b(ii)
September 2011 Q1a(i) Q1a(ii) November 2013 Q1a(i)
9

Week 2 – Part 1 A1(c) Recommend responses Business risks Kaplan: O

to identified risks. –– Chapter 2
A structured approach to enterprise
risk management (ERM) and the P
cimastudy.com unit:
4 requirements of ISO 31000 – TL
HOURS
Report –– Risk management strategies P3
Week 2 – Part 2 A2(a) Recommend Tomorrows Corporate Governance: Kaplan:

B
techniques that the Boardroom and risk – TL Report –– Chapter 2
will enable the
Integrating governance for –– Chapter 3 C
board to discharge
4 its responsibilities
sustainable success – TL Report
HOURS cimastudy.com unit:
with respect to Enterprise governance: Restoring D
–– Importance of Risk Management and
managing risks. boardroom leadership – TL report
Internal Control
E
D
–– Corporate Governance and Internal Review
–– Internal Auditing and Risk Management
Week 2 – Part 3 A2(b) Advise the board on Reporting and managing risk: a look Kaplan:
its responsibilities at current practice at Tesco, RBS, –– Chapter 2
for reporting risks to local and central government –
shareholders and other Research Report cimastudy.com unit:
4 stakeholders.
HOURS
Simple, practical proposals for better –– Importance of Risk Management and
reporting of corporate governance – Internal Control
TL Report
10

Week 3 – Part 1 A3(a) Evaluate ethical, social Looking beyond the checkbox: mitigating risk, Kaplan: O
and environmental maximising performance – TL Report –– Chapter 1
issues arising from risk P
Business Ethics for SME’s – TL Report –– Chapter 8
management
4 Understanding reputational risk The costs of
HOURS cimastudy.com unit: P3
‘act now, worry later’ – TL Report
–– Ethics for Professional
Accounting for Natural Capital: the Elephant in Accountants A
the boardroom – TL Report
B
Practice questions C
(taken from exam papers under the 2010 syllabus) D

E
D
May 2010 Q1d
March 2011 Q1a(ii)
May 2011 Q2b
November 2011 Q1a(i)
November 2012 Q2c
11
P3 A. Identification, classification and evaluation of risk – Revision

Week 3 – Part 2 Practice questions under When practicing, you should try and time A guide to time management in the objective O
exam conditions. Review yourself to exam conditions, as a guide use test exams
your answers and refresh 1.5 minutes per question. If possible, you P
Video – time management and exam technique in
your memory on topics should also aim to have 5-10 mins at the
6 that you are unsure. end of the test to review your answers.
the objective test exams
HOURS
P3
Student webinar – P3 exam techniques
Student webcast – how to sit the objective test A
E
D
12
WELL DONE! P3
A
You have now covered Section A of the P3 syllabus
B
and are ready to move onto Section B.
C
D
MARK OFF YOUR PROGRESS GO TO SECTION B
E
D
13
P3
P3 Checklist O
Study planner P
Overview of P3 P3

E
Syllabus topic B
RESPONSES TO
STRATEGIC RISK
14
P3 B. Responses to strategic risk

Week 3 – Part 3 B1(a) Recommend 1. Control is a process of ensuring that ‘that which was The balanced scorecard Kaplan: O
appropriate measures supposed to happen actually happens.’ It regulates – FM –– Chapter 6
for the strategic the process of formulating purpose and achieving it. P
Effective performance
control and direction Control can be administrative, social or individual. cimastudy.com unit:
5 of various types of
management with the
HOURS
2. The three controls that are common to many balanced scorecard – TL –– Introduction to P3
organisations. Organisational Control
organisations are: corporate strategy (long term), Report
budgetary control (medium term) and variance –– Control systems A
CIMA Strategic Scorecard:
analysis (short term). and Budgeting
Boards engaging in strategy
– TL report –– Strategic control B
–– Evaluation of internal
Managerial judgement
control systems C
and strategic investment
decisions – TL report
D
Transfer pricing
E
D
Week 4 – Part 1 B1(b) Recommend 1. Understand the various performance measurement Kaplan:
solutions for the models and their advantages and disadvantages. –– Chapter 6
risks of dysfunctional
behaviour arising from cimastudy.com unit:
4 the associated models
HOURS –– Strategic control
of performance
measurement.
15

Week 4 – Part 2 B1(c) Advise managers 1. Understand disaster recovery. Information systems Kaplan: O
of the risks in –– Chapter 4
2. How IT and IS should support strategy and be Risk reporting – beyond
the development P
controlled and implemented. measurement and –– Chapter 5
of strategies for
5 information systems
reporting
that support the
–– Strategies for Information
organisation’s strategic
Systems A
requirements.
–– Auditing computer
systems B
D
Practice questions
(taken from exam papers under the 2010 syllabus) E
D
September 2010 Q2a
May 2011 Q4c
September 2011 Q1c
September 2012 Q3a
September 2013 Q3a
November 2013 Q4a
16

Week 4 – Part 3 B2(a) Evaluate the risks of 1. What are the various risks and how can Ethical dilemmas and Kaplan: O
unethical behaviour. they be mitigated. practice question –– Chapter 8
Answer to above question P
cimastudy.com unit:
5 Ethics CPD tool
HOURS –– Ethics for Professional P3
Code of ethics Accountants
Under pressure to sign off A

‘there are no loss making
contracts’ B
Practice questions D
E
D
March 2011 Q1a(i)
Q2b
March 2013 Q2c
17

Week 5 – Part 1 B3(a) Evaluate the risks 1. Understand governance roles and be Executive share option packages (ESOPSs) Kaplan: O
associated with poor able to apply theory. –– Chapter 9
Changes to the combined code
governance structures. P
(now known as the UK corporate
cimastudy.com unit:
5 governance code)
HOURS –– Corporate Governance P3
Failure of risk management and Internal Control
The Boardroom and Risk – TL Report –– Corporate Governance A
and Internal Review
Enterprise risk oversight: a global
analysis – TL report B
Practice questions D
E
D
November 2010 Q3
November 2012 Q4b
March 2013 Q2b
May 2013 Q3b(ii)
November 2013 Q1b
18
P3 B. Responses to strategic risk – Revision

HOURS
P3
E
D
19
WELL DONE! P3
A
You have now covered Section B of the P3 syllabus
B
and are ready to move onto Section C.
C
D
MARK OFF YOUR PROGRESS GO TO SECTION C
E
D
20
P3
P3 Checklist O
Study planner P
Overview of P3 P3

E
Syllabus topic C
INTERNAL CONTROLS
TO MANAGE RISK
21
P3 C. Internal controls to manage risk

Week 6 – Part 1 C1(a) Evaluate the Organisations of the Kaplan: O

appropriateness of Treadway Commission –– Chapter 6
control systems for P
Risk and management accounting: best
the management of cimastudy.com unit:
8 an organisation.
practice guidelines for enterprise-wide
HOURS
internal control procedures – TL report –– Introduction to Organisational Control P3
–– Control systems and Budgeting
New IFAC guidance on internal control
–– Evaluation of internal control systems A
Practice questions C
D
Longer format questions Longer format questions continued E

D
May 2011 Q2a September 2012 Q2a(i)
September 2011 Q2a(i) Q2a(ii)
November 2011 Q2a Q2b
Q2b November 2012 Q2a
March 2012 Q2a Q2b
May 2012 Q4a(i) May 2013 Q3a
September 2013 Q1a
November 2013 Q2a
22

Week 6 – Part 2 C2(a) Evaluate the essential 1. How are control systems implemented Management control Kaplan: O
features of internal and monitored. systems as a package – –– Chapter 3
control systems for Research Report P
–– Chapter 4
identifying, assessing
8 and managing risks. –– Chapter 7
HOURS
P3
–– Chapter 10
cimastudy.com unit: A
–– Introduction to
Organisational Control B
–– Control systems and
Budgeting C
–– Evaluation of internal
control systems D
E
D
Practice questions
September 2011 Q1b
November 2012 Q1a(ii)
23

Week 7 – Part 1 C3(a) Evaluate the 1. Actions within internal audit and control. Risk, control and internal Kaplan: O
effective planning audit –– Chapter 10
2. Ensure you are able to apply solutions to
and management P
various situations.
of internal audit cimastudy.com unit:
8 and internal audit
HOURS –– Corporate Governance and P3
investigations. Internal Review
–– The Internal Audit process A
–– Audit Planning
–– Internal Auditing and Risk B
Management
C
D
Practice questions
(taken from exam papers under the 2010 syllabus) E
D
Longer format questions Longer format questions continued Longer format questions continued
September 2010 Q1b November 2011 Q1b(ii) November 2012 Q4a
May 2011 Q1c Q3a Q4c
September 2011 Q3a Q3b March 2013 Q2a
Q3b Q3c May 2013 Q3b(i)
Q3c March 2012 Q1b September 2013 Q2b
September 2012 Q1b(i) Q2c
Q1b(ii)
24
P3 C. Internal controls to manage risk – Revision

HOURS
P3
E
D
25
WELL DONE! P3
A
You have now covered Section C of the P3 syllabus
B
and are ready to move onto Section D.
C
D
MARK OFF YOUR PROGRESS GO TO SECTION D
E
D
26
P3
P3 Checklist O
Study planner P
Overview of P3 P3

E
Syllabus topic D
MANAGING RISKS ASSOCIATED

WITH CASH FLOWS
27
P3 D. Managing risks associated with cash flows

Week 8 – Part 1 D1(a) Evaluate financial risks Ensure you are comfortable with both numeric and Kaplan: O
facing an organisation. narrative evaluations. –– Chapter 2
–– Chapter 11 P
6
–– Financial Risks
–– Methods of Risk A
Management
B
C
Practice questions
E
D
Longer format questions Longer format questions continued
September 2010 Q4a(i) September 2012 Q1c(ii)
November 2010 Q4a(i) November 2012 Q3b(i)
Q4c March 2013 Q1c
March 2011 Q1b May 2013 Q1c
May 2011 Q3a September 2013 Q1c(i)
September 2011 Q1d Q4a
May 2012 Q1b(i) November 2013 Q3a(i)
Q1b(ii) Q3a(ii)
28

Week 8 – Part 2 D2(a) Advise on the Value at risk Kaplan: O

effects of economic –– Chapter 2
Arbitrage – part one
factors that affect P
–– Chapter 12
future cash flows Arbitrage – part two
6 from international
HOURS
Getting the measure of cimastudy.com unit: P3
operations.
value at risk – Insight –– Exchange rate theory
A
B
Practice questions
D
E
D
May 2010 Q3a March 2012 Q1c
November 2010 Q4b May 2012 Q3a
March 2011 Q4 September 2012 Q1c(i)
May 2011 Q1d Q4c
September 2011 Q4a March 2013 Q1c
November 2011 Q1c(i) May 2013 Q4c
Q4b November 2013 Q3b
29

Week 9 – Part 1 D2(b) Evaluate appropriate Foreign currency Kaplan: O

methods for the hedging calculations –– Chapter 11
identification and P
–– Chapter 12
management
6 of financial risks
associated with
–– Exchange Rate Theory
international
operations. –– Hedging Foreign A
Exchange Risk
B
C
Practice questions
E
D
September 2010 Q1c September 2012 Q4b
Q4a(ii) November 2012 Q3b(ii)
March 2011 Q1c March 2013 Q4b
May 2011 Q3c May 2013 Q4a
September 2011 Q4b September 2013 Q1c(ii)
November 2011 Q1c(ii) Q4b
Q4a Q4c
March 2012 Q4a November 2013 Q1c
May 2012 Q3c 30


Week 9 – Part 2 D2(c) Evaluate appropriate Currency risk Kaplan: O

methods for the –– Chapter 13
Webcast – currency risk (foreign exchange risk
identification and P
management 1)
management of financial cimastudy.com unit:
6 risks associated with Webcast – currency risk (foreign exchange risk 2)
HOURS –– Methods of Risk P3
debt finance. Management
A
Practice questions B

D
E
D
May 2010 Q1c May 2012 Q1b(iii)
Q3b Q3b
September 2010 Q4b November 2012 Q1c
November 2010 Q1c Q3a
Q4a(ii) Q3c
May 2011 Q3b March 2013 Q4a
March 2012 Q4b Q4c
Q4c May 2013 Q1d
Q4d Q4b
September 2013 Q1c(iii) 31

P3 D. Managing risks associated with cash flows – Revision

HOURS
P3
E
D
32
WELL DONE! P3
A
You have now covered Section D of the P3 syllabus
B
and are ready to move onto Section E.
C
D
MARK OFF YOUR PROGRESS GO TO SECTION E
E
D
33
P3
P3 Checklist O
Study planner P
Overview of P3 P3
E. Managing risks associated with capital investment decisions E
Syllabus topic E
MANAGING RISKS
ASSOCIATED WITH CAPITAL
INVESTMENT DECISIONS
34
P3 E. Managing risks associated with capital investment decisions

Week 10 – Part 2 E1(a) Evaluate investment 1. Evaluation of investment projects will require Adjusted present Kaplan: O
projects. understanding the calculations of NPV. value method –– Chapter 14
Adjusted present value P
cimastudy.com unit:
8 in financing decisions
HOURS –– Capital structure P3
Weighted average cost
–– Capital Asset Pricing Model
of capital (part 3)
–– Advanced Investment A
Weighted average cost Appraisal Techniques
of capital (part 4) B
C
Week 11 – Part 1 E1(b) Evaluate conflicts that Kaplan:
may arise from capital –– Chapter 15 D
investment decisions.
cimastudy.com unit: E
D
8
HOURS –– Capital Asset Pricing Model
–– Advanced Investment
Appraisal Techniques
Week 11 – Part 2 E1(c) Evaluate the outcomes Weighted average cost Kaplan:
of projects post of capital (part 1) –– Chapter 15
implementation and
Weighted average cost
post completion. cimastudy.com unit:
8 of capital (part 2)
HOURS –– Advanced Investment
Appraisal Techniques
35
P3 E. Managing risks associated with capital investment decisions – Revision

HOURS
P3
Other study resources

D
Kaplan – official publisher of CIMA study materials
E
D
Connected – Student e-magazine
Financial Management magazine
Find other resources and connect to other students on CIMAconnect
Please note that the session duration time given for each area is a rough guide based on % of syllabus weightings. Research has shown that students who study 15 hours per week are more likely
to pass. These timings must be taken into account with other personal commitments such as work, family time, recreation etc. Obviously the more hours students can dedicate to studying the
higher their chance of success. Please use this as guidance rather than as an exact science of how to study, and please feel free to change it to suit your requirements.
36
P3 E. Managing risks associated with capital investment decisions
WELL DONE! P3
A
You have now covered the P3 self-study guide.
B
If you still have time before your exam why not
go back over subject areas you are less confident in? C
O P P3 A B C D E E
D
37
P3
E
D
The Helicon, One South Place
London, EC2M 2RB
United Kingdom
cima.contact@cimaglobal.com
Tel: +44 (0)20 7663 5441
© 2016, The Chartered Institute of

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Management Accountants

Self study guides Introduction i

Tips for success T

How to use the study planner ?

A. Identification, classification and evaluation of risk A

B. Responses to strategic risk B

C. Internal controls to manage risk C

D. Managing risks associated with cash flows D

E. Managing risks associated with capital investment decisions D

STRATEGIC LEVEL | Risk Management

fellow P3 students along with other dedicated study resources. D

Tips from the experts

WEEK MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY TOTAL

Study period Revision Other commitments

WEEK MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY TOTAL

Create your own study planner using the editable table

SESSION COMPONENT KAPLAN TEXT/

Past exam questions

A. Identification, classification and evaluation of risk A

B. Responses to strategic risk B

C. Internal controls to manage risk C

D. Managing risks associated with cash flows D

E. Managing risks associated with capital investment decisions D

SESSION COMPONENT KAPLAN TEXT/

Longer format questions

May 2011 Q1b

May 2013 Q2a

September 2013 Q1b(i)

SESSION COMPONENT KAPLAN TEXT/

September 2010 Q1a Q1b(i) March 2013 Q1a

November 2010 Q1a March 2012 Q1a(i) May 2013 Q1a

March 2011 Q1a(iii) May 2012 Q1a Q2b

May 2011 Q1a September 2012 Q1a(i) September 2013 Q1b(ii)

September 2011 Q1a(i) Q1a(ii) November 2013 Q1a(i)

SESSION COMPONENT KAPLAN TEXT/

Week 2 – Part 1 A1(c) Recommend responses Business risks Kaplan: O

Week 2 – Part 2 A2(a) Recommend Tomorrows Corporate Governance: Kaplan:

SESSION COMPONENT KAPLAN TEXT/

(taken from exam papers under the 2010 syllabus) D

May 2010 Q1d

March 2011 Q1a(ii)

May 2011 Q2b

November 2011 Q1a(i)

November 2012 Q2c

SESSION COMPONENT KAPLAN TEXT/

A. Identification, classification and evaluation of risk A

B. Responses to strategic risk B

C. Internal controls to manage risk C

D. Managing risks associated with cash flows D

E. Managing risks associated with capital investment decisions D

SESSION COMPONENT KAPLAN TEXT/

SESSION COMPONENT KAPLAN TEXT/

Longer format questions

September 2010 Q2a

May 2011 Q4c

September 2011 Q1c

September 2012 Q3a

September 2013 Q3a

November 2013 Q4a

SESSION COMPONENT KAPLAN TEXT/

Under pressure to sign off A

Longer format questions

March 2011 Q1a(i)

March 2013 Q2c

A. Identification, classification and evaluation of risk A

B. Responses to strategic risk B

D. Managing risks associated with cash flows D

E. Managing risks associated with capital investment decisions D

A. Identification, classification and evaluation of risk A

B. Responses to strategic risk B

D. Managing risks associated with cash flows D

E. Managing risks associated with capital investment decisions D

Week 2 – Part 1 A1(c) Recommend responses Business risks Kaplan: O

Week 2 – Part 2 A2(a) Recommend Tomorrows Corporate Governance: Kaplan:

A. Identification, classification and evaluation of risk A

B. Responses to strategic risk B

D. Managing risks associated with cash flows D

E. Managing risks associated with capital investment decisions D

A. Identification, classification and evaluation of risk A

B. Responses to strategic risk B

D. Managing risks associated with cash flows D

E. Managing risks associated with capital investment decisions D

Week 6 – Part 1 C1(a) Evaluate the Organisations of the Kaplan: O

Longer format questions Longer format questions continued E

A. Identification, classification and evaluation of risk A

B. Responses to strategic risk B

D. Managing risks associated with cash flows D

E. Managing risks associated with capital investment decisions D

Week 8 – Part 2 D2(a) Advise on the Value at risk Kaplan: O

Week 9 – Part 1 D2(b) Evaluate appropriate Foreign currency Kaplan: O

Week 9 – Part 2 D2(c) Evaluate appropriate Currency risk Kaplan: O