CIMA offers a business qualification with a finance focus, aiming to produce members with accounting prowess who are skilled in strategic decision-making. 98% of its members work in business, the highest proportion of any worldwide accountancy body. The P3 Performance Strategy exam covers how organisations respond to risks through systems and controls. The syllabus emphasises the wide-ranging risks organisations face, and particularly financial and information risks, because of the severe consequences these can have.It includes the methods organisations use to reduce risks, including: * Management and accounting systems * Corporate governance * Control environment and procedures * Internal auditKey skills are: * Recognising risks * Recommending appropriate actions to counter those risks.The syllabus also requires appreciation of how risks and control systems link with the strategies the organisation pursues. The Study Text provides all you need to know for P3. It gives many examples of the strategic and operational risks organisations face when they try to fulfil their objecitves.It explains the frameworks organisations use for controlling risks. It demonstrates the importance of key elements of control systems including corporate governance, ethics support, control procedures and internal audit.