F.

Suggested study routes It may also be advantageous if, prior to studying other papers,
students firstly study Paper C04 Fundamentals of Business
The number, sequence and grouping of papers studied is
Economics, since it provides a valuable overview of business that
completely flexible. Individuals may choose any combinations of
will assist understanding of the core technical accounting papers
papers to suit their own study requirements.
C01 and C02.
However, CIMA recommends that students should study
These notes on study routes are intended only as a guide. The
Paper C03 Fundamentals of Business Mathematics, either with
2. Syllabus guidance

following diagrams indicate just some of the alternative single,

or before:
two and three paper study combinations that are possible.
● Paper C01 Fundamentals of Management Accounting, or
● Paper C02 Fundamentals of Financial Accounting.

Alternative A – Studying single papers (consecutively)

6 Paper C04
Fundamentals
of Business
Economics Paper C03
Fundamentals
A of Business
Mathematics Paper C02
Fundamentals
B of Financial
Accounting Paper C01
Fundamentals
C of Management
Accounting Paper C05
Fundamentals of
Suggested single subject study order D Ethics, Corporate
A Paper C04 Fundamentals of Business Economics
Governance and
B Paper C03 Fundamentals of Business Mathematics
Business Law
C Paper C02 Fundamentals of Financial Accounting E
D Paper C01 Fundamentals of Management Accounting
E Paper C05 Fundamentals of Ethics, Corporate Governance
and Business Law
Alternative B – Studying single papers (consecutively)

Paper C03
Fundamentals
of Business
Mathematics Paper C01
Fundamentals
A of Management
Accounting Paper C02
Fundamentals
B of Financial
Accounting Paper C04
Fundamentals
C of Business
Economics Paper C05 7
Fundamentals of
Suggested single subject study order D Ethics, Corporate
A Paper C03 Fundamentals of Business Mathematics

2. Syllabus guidance
Governance and
B Paper C01 Fundamentals of Management Accounting
Business Law
C Paper C02 Fundamentals of Financial Accounting E
D Paper C04 Fundamentals of Business Economics
E Paper C05 Fundamentals of Ethics, Corporate Governance
and Business Law
 Alternative C – Studying two papers

Paper C01 Paper C03

Fundamentals Fundamentals
of Management
Accounting
+ of Business
Mathematics Paper C02 Paper C05
Fundamentals Fundamentals of
2. Syllabus guidance

A A of Financial
Accounting
+ Ethics, Corporate
Governance and Paper C04
Business Law Fundamentals
B B of Business
Economics
Suggested two subject study combinations C
A Paper C01 Fundamentals of Management Accounting and
8
Paper C03 Fundamentals of Business Mathematics
B Paper C02 Fundamentals of Financial Accounting and
Paper C05 Fundamentals of Ethics, Corporate Governance
and Business Law
C Paper C04 Fundamentals of Business Economics

Alternative D – Studying two papers

Paper C02 Paper C03

Fundamentals Fundamentals
of Financial
Accounting
+ of Business
Mathematics Paper C01 Paper C04
Fundamentals Fundamentals
A A of Management
Accounting
+ of Business
Economics Paper C05
Fundamentals of
B B Ethics, Corporate
Governance and
Suggested two subject study combinations Business Law
C
A Paper C02 Fundamentals of Financial Accounting and
Paper C03 Fundamentals of Business Mathematics
B Paper C01 Fundamentals of Management Accounting and
Paper C04 Fundamentals of Business Economics
C Paper C05 Fundamentals of Ethics, Corporate Governance
and Business Law
Alternative E – Studying three and two papers

Paper C01 Paper C02 Paper C03

Fundamentals Fundamentals Fundamentals
of Management
Accounting
+ of Financial
Accounting
+ of Business
Mathematics Paper C04 Paper C05
Fundamentals Fundamentals of
A A A of Business
Economics
+ Ethics, Corporate
Governance and
Suggested three and two subject study combinations Business Law
B B
A Paper C01 Fundamentals of Management Accounting and
Paper C02 Fundamentals of Financial Accounting and
Paper C03 Fundamentals of Business Mathematics
B Paper C04 Fundamentals of Business Economics and
9
Paper C05 Fundamentals of Ethics, Corporate Governance
and Business Law

2. Syllabus guidance
Alternative F – Studying three and two papers

Paper C01 Paper C03 Paper C04

Fundamentals Fundamentals Fundamentals
of Management
Accounting
+ of Business
Mathematics
+ of Business
Economics Paper C02 Paper C05
Fundamentals Fundamentals of
A A A of Financial
Accounting
+ Ethics, Corporate
Governance and
Suggested three and two subject study combinations Business Law
B B
A Paper C01 Fundamentals of Management Accounting and
Paper C03 Fundamentals of Business Mathematics and
Paper C04 Fundamentals of Business Economics
B Paper C02 Fundamentals of Financial Accounting and
Paper C05 Fundamentals of Ethics, Corporate Governance
and Business Law

Note: Students are advised to seek the advice of tuition providers as to

the study plan that best suits their particular circumstances and prior
learning experience.