Strategic Level




The three papers at this level are:

• E3: Enterprise Strategy
• P3: Performance Strategy
• F3: Financial Strategy

All three strategic level subjects must be studied at the same time and students must sit all three exams (E3, P3 and F3) together at the first sitting. Following this, any re-sits can be taken in any combination (for example one at a time).

These papers must be successfully completed before students attempt the test of professional competence in management accounting.

There is a three hour written exam paper, plus 20 minutes of pre-exam reading time, with two sections:

Section A 50 marks: a maximum of four compulsory questions, totalling 50 marks all relating to a pre-seen case study and new unseen case material provided in the exam.

Section B 50 marks: two questions from a choice of three, each worth 25 marks. Short scenarios will be given, to which some or all questions relate.

The pre-seen material in Section A is common to all three of the strategic level papers at each exam sitting and will be published online 6 weeks before the exam.