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CIMA, the Chartered Institute of Management Accountants, is the only international accountancy body with a sole focus on business. It is a world leading professional institute that offers an internationally recognised qualification in management accountancy, focusing on accounting in business, in both the private and public sectors. CIMA is the voice of over 155,000 members and students in 158 countries and is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body. What is a Management Accountant? Unlike traditional accountants, whose focus is on recording the past, Management Accountants are forward looking. Their role is geared towards assessing business possibilities, grasping opportunities and shaping the future of organisations. Management Accountants have the strategic insight to assess risk and make vital business decisions based on an accurate understanding of the business environment. Management Accountants combine a high level of financial and management expertise with excellent business acumen and decision-making skills, which makes then essential to every business in all sectors covering industry, commerce, public sector and not-for-profit organisations. Qualifying Management Accountants
CIMA works with some of the world’s leading employers and course providers to educate, train and qualify first-class financial managers. We pride ourselves on the commercial relevance of our syllabus which is regularly updated to reflect the latest global business developments and employer needs. It is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy. This means that CIMA graduates are in demand by all forward looking businesses. Getting started You will gain strategic management skills and the opportunity to develop expertise in management accounting, business management and financial management. CIMA is a practical qualification allowing you to earn while you learn and providing you with the key skills required to accelerate to senior positions. The skills that you develop through your CIMA study will give you a wide choice of career options. They will allow you to work in a range of different industries. Our members work in diverse areas such as business analysis, management consulting, operations management and project management to name a few. Many of the world’s top Finance Directors and Chief Executives are CIMA members. Entry routes to the CIMA Professional Qualification To gain direct entry to the CIMA Professional Qualification, you will need to have a relevant qualification such as: - A degree that specialises in accounting or business.
- The Association of Accounting Technicians (ATT) Technician level/Diploma pathway.
- The Open University (OU) Certificate in Accountancy.
- MBA.
- Other relevant qualifications.
- The CIMA Certificate in Business Accounting.
The CIMA Certificate in Business Accounting If you are new to accounting, and do not have the relevant qualifications, as above, then CIMA has its own entry route to the Professional Qualification that you must complete before moving on. The Certificate in Business Accounting will introduce you to the concept of management accountancy and give you the basics of accounting and business. There are five modules, which are tested by computer based assessment (CBA), meaning that you can sit your exams at your nearest CBA centre, whenever you are ready, and your results are available to you immediately. The five subjects areas are:
1) Fundamentals of Management Accounting
2) Fundamentals of Financial Accounting
3) Fundamentals of Business Mathematics
4) Fundamentals of Business Economics
5) Fundamentals of Ethics, Corporate Governance and Business Law. The CIMA Professional Qualification in Management Accounting This specialises in accounting for business and is recognised by employers around the world. The CIMA Professional Qualification syllabus is built on three pillars of learning: - Management Accounting
- Business Management
- Financial Management
Each pillar has three papers: two at managerial level and one at Strategic level. The Qualification Framework diagram demonstrates the qualification structure. For further details on the syllabus click here.
You must complete all exams and at least three years’ relevant practical experience to qualify as a Chartered Management Accountant. We recommend that you combine studying with relevant employment. Not only will this allow you to apply your new skills in the workplace, but is should also help you progress quickly through the qualification and be counted towards your relevant experience. For more details on practical experience click here. How you will be supported Studying for CIMA will be challenging and rewarding. It requires significant commitment to your studies. You will be supported by CIMA and, if you are working, you should ask for support from your employer.
As a CIMA student you will benefit from: - CIMA’s magazine with relevant articles and study tips to help you reach your goals.
- online study resources.
- networking opportunities through CIMA’s branch network.
- discounted CIMA Mastercourses and Biz.net events to aid your professional development.
- access to CIMA’s Technical Information Service.
- access to ethics information and guidelines.
To register as a student, and find out about fees and payment click here.
Member benefits CIMA membership provides accountants with professional status and credibility. There are also many other professional and lifestyle benefits associated with being a CIMA member, including career support, learning and development, and affinity benefits. To find out more about the value of professionalism, you can download the CIMA member benefits brochure online here.
To find out more CIMA Facts click here.
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