CIMA E3, P3, F3 UPDATED 2026 OBJECTIVE TEST

CIMA STRATEGIC LEVEL (E3, P3, F3) UPDATED 2026 EXAM

There are a total of 12 exams for the Professional Qualification:

• Each of the three levels (Operational, Management, Strategic) have 3 objective tests i.e. 9 exams in total across all 3 levels

• 3 case study exams, one at every level (Operational, Management, Strategic)

Objective Tests

• 90 minutes long

• Computer-based

• Available internationally at over 5,000 Pearson VUE assessment centers all over the world

Case Study exams

• 3 hours long

• Computer-based

• Available in four windows in the entire year

• Available at over 5,000 Pearson VUE assessment centers across the globe

E3 Strategic Management
A. The Strategy process
B. Analysing the organisational ecosystem
C. Generating strategic options
D. Making strategic choices
E. Strategic control
F. Digital strategy

P3 Risk Management
A. Enterprise risk
B. Strategic risk
C. Internal controls
D. Cyber risk

F3 Financial Strategy

A. Financial policy decisions
B. Sources of long term funds
C. Financial risks
D. Business valuation

Strategic Level Case Study

At the Strategic level, the role simulated is that of the senior finance manager. The Case Study Examination provides a simulated context which allows learners to demonstrate that they have acquired the required knowledge, skills, techniques and mindset for that role.

If you pass the CIMA Gateway exam successfully, you only need to take four more exams:

• Strategic level’s 3 objective tests (E3, F3 and P3)

• Strategic level’s case study exam