Advance with CIMA Operational Level
And get 1 step closer to becoming a CGMA
What is OCS all about
At the Operational level, the role simulated is that of an Entry level finance professional and the capstone Case Study Examination provides a simulated context, which allows candidates to demonstrate that they have acquired the required knowledge, skills, techniques and mindset for that role
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. Those six core activities are:
- Prepare costing information for different purposes to meet the needs of management. 12-18% of syllabus weighting
- Prepare budget information and assess its use for planning and control purposes. 17-25% of syllabus weighting
- Analyse performance using financial and nonfinancial information. 17-25% of syllabus weighting. 12-18% of syllabus weighting
- Apply relevant financial reporting standards and corporate governance, ethical and tax principles.
- Prepare information to support short-term decision-making. 17-25% of syllabus weighting
- Prepare information to manage working capital. 7-13% of syllabus weighting
The core activities are linked to associated assessment outcomes expressed in terms of ‘I Can’ statements that speak directly to the skills and competencies that drive the employability of successful learners
- The examination lasts three hours. A 15-minute tutorial is available before the start of the examination to allow candidates to familiarise themselves with the test driver.
- The examination has four sections (tasks), which are each 45-minutes long. All sections are equally weighted. Candidates may finish a section early and move on to the next but cannot return to previous sections in the time remaining.
- There may be more than one sub-task within each section and an indication of how long to spend on each sub-task will be given to allow candidates to manage their time. If no weighting is given, then candidates should assume that the sub-tasks are equally weighted.
- More than one core activity will normally be assessed in each section/task and the order of core activities and assessment outcomes in the blueprint does not reflect how these might be structured in the examination.
- All core activities will be assessed in each form of the examination in line with the weightings.
- The examination requires constructed, written responses from candidates in the format of a range of business communications (for example, emails, memos, reports and briefing notes).
- The Case Study Examinations are human marked.
- The Case Study results will contain the following information:
- Grade: Pass or Fail
- Scaled score: 0 to 150 with 80 and above being a Pass
- There is no requirement to obtain a pass or meet a minimum threshold for each core activity.
- Feedback on performance against each core activity will be provided so that learners know their areas of weakness for further study.
- There are four examination windows per year, in February, May, August and November. For details of upcoming Case Study Examination dates, visit cimaglobal.com.
- Pre-seen material will be published on the CIMA website ahead of the examination. Candidates must use the material to prepare for the examination, immersing themselves in the simulated scenario and considering the organisation’s current position and future strategy.
- During the course of the examination, new information will be provided at the start of each section (task). In response, candidates will have to consider the new information that’s been given, as well as their previous analysis of the pre-seen material.
- Results will be available in MyCIMA about six weeks after the examination.
5 Key Facts about the OCS exam
There are no calculations in the Case Study Exam
Technical knowledge of the theory from F1, P1 and E1 syllabi will be required
The Pre-Seen will be released 7 weeks before the exam
A balanced answer script is your key to success
There is no escaping the keyboard!
What do you need to PASS your OCS exam?
There are 2 main steps:
How do you start preparing for your upcoming Operational Case Study (OCS) exam? A typical student would start with revising the theory of E1, F1 and P1 papers. But how do you go about it? Like our tutor Pete says "you have already passed those OT exams" - now it is the time to review only the bits that could be useful for your Operational Case Study. Now it is the time to go through the theory and only concentrate on the topics, that you can use when you write your responses.
But which are those topics? Now this is where our video course comes handy! Our tutor, based on his enourmous experience with teaching Case Studies, has selected all the important pieces for you. Each video is between 47 mins to 1h 20 mins long.
What's included in the course?
Have a look at the video that we've prepared for you. It covers the introduction to OCS.
OCS Revisions package consists of 3 videos:
- E1 Revisions - which is the backbone of the OCS exam, covers all the important topics from the E1 (Managing finance in a digital world) paper. It lasts for 1h 19 mins.
- F1 Revisions - covers topics from the F1 (Financial Reporting) paper and lasts for 46 mins.
- P1 Revisions - covers topics from the final paper P1 (Management Accounting) and lasts for 53 mins.
Get your OCS February 2021 study materials!
We know how stressful it is to wonder how to prepare for one of the most difficult CIMA exams.
That is why we partnered with VIVA Financial Tuition to provide you with the best resources out there.
This newly updated packages for February 2021 Operational Case Study is all you need to get properly prepared and pass your OCS exam with confidence.