Chartered Institute of Management Accountant
CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS • CIMA Qualifications: • CIMA Certificate in Business Accounting: • CIMA Diploma in Management Accounting • CIMA Advanced Diploma in Management Accounting • ACMA -Member of the Chartered Institute of Management Accountant
CIMA Qualifications
• • • •
CIMA Certificate in Business Accounting: CIMA Diploma in Management Accounting CIMA Advanced Diploma in Management Accounting ACMA -Member of the Chartered Institute of Management Accountant
Strategic level + 3 yrs + ACMA ACMA + 3 yr Senior level Experience = FCMA (Fellow)
CIMA Qualification Levels Certificate level
(5 subjects)
Operational level
(3 subjects + case study paper)
Management level
(3 subjects + case study paper)
Strategic level
(3 subjects + case study paper) 14 subjects + 3 case study papers
How long will it take to complete CIMA? The five papers in the Certificate in Business Accounting can be studied and tested at your own pace. The 3 papers in the operational, management and strategic level can also be studied and tested at your own pace. The case study paper in each level can be sat 4 times a year.
Certificate in Business accounting The CIMA certificate in business accounting is CIMA's own entry route to the CIMA professional qualification. You may be exempt from some or all certificate papers if you have a relevant degree, have completed the AAT technician stage, or have studied another professional accounting qualification. Your degree or accounting qualification may also exempt you from some operational and management level papers. The certificate subjects are: • Fundamentals of management accounting
• Fundamentals of financial accounting
• Fundamentals of business mathematics
• Fundamentals of business economics
• Fundamentals of ethics, corporate governance and business law You can sit the five certificate subjects in any order & in any combination to suit your requirements. All certificate exams are computer based and can be taken at any time. The pass mark for each of the five examinations is 50%. By completing the CIMA certificate in business accounting, you can gain the letters CIMA Cert BA after your name.
CIMA Professional QualiďŹ cation The Professional qualification is made up of two types of computer based assessments: - 90 minute objective tests for each of the three subjects within each level - these are on demand and can be taken all year. - A 3 hour integrated case study when you have completed all objective tests and want to progress to the next level - these are available in four windows a year.
Test Centres CIMA is working in partnership with Pearson VUE*, who have over 20 years of experience in offering electronic testing and already run computer-based assessments for the CIMA Certificate in Business Accounting. There will be 5,000 Pearson VUE test centres in 178 countries. We are working with Pearson VUE to continue to increase the number of exam centres globally.
Operational level Implement strategy, report on implementation of strategy. E1 – Organisational management A. Introduction to organisations 25% B. Managing the finance function 15% C. Managing technology & information 15% D. Operations Management 15% E. Marketing 15% F. Managing human resources 15% P1 – Management Accounting A. Cost accounting systems 30% B. Budgeting 25% C. Short-term decision making 30% D. Dealing with risk and uncertainty 15% F1 – Financial Reporting and Taxation A. Regulatory environment for financial reporting and corporate governance 10% B. Financial accounting and reporting 45% C. Management of working capital, cash and sources of short term finance 20% D. Fundamentals of business taxation 25% Operational level integrated case study Your role will be that of Finance officer, your audience will be manager and project owners, the question types will be short essays supported by calculations & analysis and the case study focus will be; - Preparation of parts or of entire financial statements - A cost and/or budgeting issue - Analysis of the structure or the organisation, as well as cross-functional communication.
Management level Monitor implementation of strategy. Ensure corrective action is taken E2 – Project and relationship management A. Introduction to strategic management and assessing the global environment 30% B. The human aspects of the organisation 20% C. Managing relationships 20% D. Managing change through projects 30% P2 – Advance management accounting A. Cost planning and analysis for competitive advantage 25% B. Control and performance management of responsibility centres 30% C. Long-term decision making 30% D. Management control and risk 15% F2 – Advanced financial reporting A. Sources of long term finance 15% B. Financial reporting 60% C. Analysis of financial performance and position 25% Management level integrated case study Your role will be that of manager, your audience will be CFO and senior business managers, the question types will be long and short esssays, supported by calculations and analysis and the case study focus will be on; - Impact on the financial statements and the performance of the organisation. - Product & pricing decisions, and/or the performance evaluation of division(s) component parts. - Consideration of key stakeholders, and implementation via projects.
Strategic level Make strategic decisions. Provide overall context for effective implementation of strategy. E3 – Strategic Management A. Interacting with the organisations environment 20% B. Evaluating strategic position and strategic options 30% C. Leading change 20% D. Implementing strategy 15% E. The role of information systems in organisational strategy 15% P3 – Risk management A. Identification, classification and evaluation of risk 20% B. Responses to strategic risk 20% C. Internal controls to manage risk 20% D. Managing risks associated with cash flows 20% E. Managing risks associated with capital investment decisions 20% F3 – Financial strategy A. Formulation of financial strategy 25% B. Financing and dividend decisions 35% C. Corporate finance 40% Strategic level integrated case study Your role will be that of senior manager, your audience will be CFO and rest of senior management team, the question types will be long essays supported by calculations and analysis and the case study focus will be on; - A financial strategy needs to be formulated, ensuring the strategy is adequately funded. - Risks associated with this need to be scrutinised. - Analysis of strategic options, leading to recommendations and justification.
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