CIMA Course Managerial Level (ML)

This programme is the second level of the CIMA Professional Qualification after completion of the Operation Level (OL). It covers the role of managers and focuses on a more integrated view of management with more emphasis on monitoring and reporting. 
project management, management of relationships, pricing and products decisions, cost planning, group financial statements as well as analysis and interpretation of financial accounts. 
level covers the role of managers — to be the bridge between senior management and staff, between strategy and implementation. The work focuses on monitoring and reporting.


To enrol for the ML Level you need to successfully complete the CIMA Diploma Operational Level in Management Accounting.


MBA/MCom CA/CMA/Graduate(75%)+3 years work exp./CEO/CFO
 • 3 papers exemption (E2, P2 & F2)  • All 4 papers exemption (E2, P2, F2 & MCS)


Management Level of CIMA qualification consist of 4 papers in which 3 papers are objective type question bases and 1 case study.

E2: Project and Relationship Management P2: Advanced Management Accounting F2: Advanced Financial Reporting
• Introduction to strategic management and assessing the global environment
• The human aspects of the organisation
• Managing relationships
• Managing change through projects
• Cost planning and analysis for competitive advantage
• Control and performance management of responsibility centre
• long-term decision making
• Management control and risk
• Sources of long-term finance
• Financial reporting
• Analysis of financial performance and position

Exam Details

The Managerial Level consists of two types of exams Objective Papers and a Case Study
3 objective papers (E2, P2, F2) and 1 case study paper (OCS) 

Objective Papers
Total Marks: 100
Passing Marks: 70%
Exam Duration: 90 minutes
Case Study Exam
Total Marks: 150
Passing Marks: 80
Exam Duration: 3 Hours

Exam Fees

Objective Paper: 100 GBP / Exam
Case study: 155 GBP

Exam Pass Rate

Exam Name E2 P2 F2
Objective Type Exam 95% 79% 79%
Exam Name Nov' 17 Feb' 17 May' 17
Management Case Study Exam 56% 74% 72%


With this completion of the Managerial Level CIMA qualification, you can seek promotions and apply for a wider range of jobs as you will be a step closer to becoming a Chartered Management Accountant– making you an asset to many companies.


Students who have completed the Managerial level are awarded the CIMA Advanced Diploma in Management Accounting and will receive the letters CIMA Adv Dip MA.

Training for Managerial Level at Saraf Academy

As a trusted learning partner of the CIMA institute, we offer the best quality online live interactive classes with world-class study resources. At the Academy, we provide: 
• Best In Class Training Classes
• Video Lectures- Live & Recorded
• Mock exams
• Comprehensive Progress Tests
• Exam Tips
• Study Planner
• 360 degree support

Request CIMA Updates

Quick Links

Fees Why us? SA package Inclusions Testimonials Course Deck Course Video