CIPS L5M4 Exam Details & Actual Exam Questions

Exam Code/Number: L5M4
Exam Name/Title: Advanced Contract & Financial Management
Certification Provider: CIPS
Corresponding Certification: CIPS Level 5 Advanced Diploma in Procurement and Supply

CIPS Advanced Contract & Financial Management Exam Questions

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Certification Vendor:	CIPS (Chartered Institute of Procurement & Supply)
Exam Name:	Advanced Contract & Financial Management
Exam Number:	L5M4
Available Languages:	English
Exam Duration:	150 minutes
Related Certifications:	CIPS Level 5 Diploma in Procurement and Supply
Exam Price:	GBP £55 (member) / GBP £88 (non-member)
Certificate Validity Period:	N/A - Professional membership based
Exam Format:	Computer-based exam (CBE), Scenario-based questions, Open book exam
Passing Score:	50/100
Real Exam Qty:	4 compulsory scenario-based questions
Sample Questions:	CIPS L5M4 Sample Questions
Exam Way:	Computer-based exam (CBE) at approved test centres or online proctored
Pre Condition:	Recommended to complete L5M1, L5M2, L5M3 before attempting this exam; CIPS membership recommended
Official Syllabus URL:	https://www.cips.org/qualifications/

Section	Weight	Objectives
Topic 1: Strategic Sourcing and Procurement	20%	- Total cost of ownership - Supplier relationship management - Supplier segmentation and criticality analysis - Market analysis and intelligence - Supply chain risk assessment
Topic 2: Legal and Ethical Considerations	10%	- Ethical procurement practices - Contract law fundamentals - Fraud and corruption prevention - Corporate social responsibility
Topic 3: Financial Management in Procurement	25%	- Financial decision-making tools (NPV, IRR, payback period) - Budgeting and budgetary control - Financial statements and analysis - Working capital management - Cost and management accounting
Topic 4: Contract Management	30%	- Contract administration and monitoring - Relationship management throughout contract lifecycle - Contract negotiation strategies - Measuring and evaluating supplier performance - Contract types and selection criteria - Contract risk management - Contract terms and conditions
Topic 5: Supply Chain Finance and Payment Terms	15%	- Payment terms optimization - Supply chain finance mechanisms - Reverse factoring - Financial health assessment of suppliers - Payment security methods