CIMA Recommended reading list - Professional qualification Strategic level - 
Paper P3 Management Accounting Risk and Control Strategy

Core reading 

Management Accounting Risk and Control Strategy Study System, 2006 edition, 
Collier, P (2005), CIMA Publishing

Corporate Financial Management, 2nd edn, 
Arnold, G (2002), FT/Prentice Hall

or

Principles of Corporate Finance, 6th edn, 
Brealey, R and Myers, S (2000), McGraw-Hill

Risk Management: A Guide to Good Practice, 
Chartered Institute of Management Accountants. (2002). CIMA Publishing, London

A Risk Management Standard, 
Institute of Risk Management. (2002). London: IRM

Enhancing Shareholder Wealth by Better Managing Business Risk. International Management Accounting Study No. 9
International Federation of Accountants. (1999). 

Additional reading 

Risk London: 
Adams J. (1995). UCL Press

Ethical Guidelines
Chartered Institute of Management Accountants. (1992). 

Corporate Collapse. 
Clarke,F.I., Dean,G.W. & Oliver,K. (1997) Cambridge: Cambridge University Press

Accounting for Management Control. 
Emmanuel C, Otley D, Merchant K. (1990). London: Chapman & Hall

Enterprise Resource Planning Systems: leveraging the benefits for business. 
Fahy M. (2001a). London: CIMA

Financial Strategy, 
Rutterford, J (ed) (1998), Open University Business School/John Wiley.

Examiner’s notes - Note that in the area of Financial Risk there is overlap with the content of Paper P9 (Management Accounting Financial Strategy) and the inclusion of the Arnold, Brealey and Myers and Rutterford texts in the above reading list reflects this overlap. These books should be used to revise your understanding of the relative risks of alternative sources of business finance; the capital asset pricing model (and the associated implications for allocation of limited capital resources); the use of financial instruments for risk management and the case for/against Treasury departments acting as profit centres.