CIMA Exams - Exemptions
You must complete the CIMA Certificate in Business Accounting before moving to the next stages of the qualification.
| Certificate in business accounting | Operational level | Management level | Strategic level |
|---|---|---|---|
| Paper C04 Fundamentals of Business Economics | E1:enterprise operations | E2: enterprise management | E3: enterprise strategy |
| Paper C03 Fundamentals of Business Mathematics | P1:performance operations | P2: performance management | P3: performance strategy |
| Paper C02 Fundamentals of Financial Accounting | F1:financial operations | F2: financial management | F3: financial strategy |
Paper C01 Fundamentals of Management Accounting |
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| Paper C05 Fundamentals of Ethics, Corporate Governance and Business Law |
Exemptions Criteria for admission to ACCA /CPA/CIMA
Process
The ITT sends student % grades directly to the ICAI and other bodies at the end of June.
The student makes their own application for exemptions.
The student sends in their own transcripts.
The accountancy body communicates directly with the student as to whether exemptions are successfully awarded.



