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Chartered Institute of Management Accountants (CIMA - UK)

The Chartered Institute of Management Accountants (CIMA), founded in 1919, is the world’s leading and largest professional body of management accountants. CIMA helps individuals and businesses to succeed by harnessing the full power of management accounting – not just accounting for the balance sheet, but accounting for a business. Together with the American Institute of Certified Public Accountants (AICPA), they established the Chartered Global Management Accountant (CGMA) designation in 2012 to provide members with a new level of resources and recognition. The CIMA syllabus draws on the unique CGMA Global Management Accounting Principles© and CGMA Competency Framework to empower individuals with high-level abilities to help them achieve sustainable success in both business and finance. CIMA Qualification will take to a desirable global professional level to hold Management Positions. CIMA ’s average salary would be $ 33,000 which would be approx. INR 21,00,000.

Role of Chartered Institute of Management Accountants (CIMA)

Finance Analyst
Internal Auditing
Financial Accounting
Financial Controls
Operations Management
Management Accounting
Project Management
Business Planning
Finance Management
Tax Specialist
Business Analyst

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CA, CMA, CS, CMA USA, 11th and 12th

CERTIFICATE OF BUSINESS ACCOUNTING

The CIMA Certificate in Business Accounting (Cert BA) will help students with little or no accounting experience unleash their true business potential. Teaching core business and finance skills beyond simple financial accounting, Cert BA syllabus is the perfect stepping stone towards a career in business and finance.

The four objective tests are:

– Fundamentals of Business Economics (BA1)

– Fundamentals of Management Accounting (BA2)

– Fundamentals of Financial Accounting (BA3)

– Fundamentals of Ethics, Corporate Governance and Business Law (BA4)

Once you complete this level, you obtain the CIMA Certificate in Business Accounting.

DIPLOMA IN MANAGEMENT ACCOUNTING

This level covers the role of junior accountants — the implementation of strategy and related reporting. Candidates will learn how to prepare financial statements, provide management accounting information, and use appropriate tools to make business decisions.

‍The three objective tests are:

– Organizational Management (E1)

– Management Accounting (P1)

– Financial Reporting and Taxation (F1)

Once you complete this level, you obtain the CIMA Diploma in Management Accounting.

ADVANCED DIPLOMA IN MANAGEMENT ACCOUNTING

This covers the role of managers — to be the bridge between senior management and staff, between strategy and implementation. The work focuses on monitoring and reporting.

The candidates will learn how to prepare group accounts, make pricing and product decisions, and manage projects and relationships.

‍The three objective tests are:

– Project and Relationship Management (E2)

– Advanced Management Accounting (P2)

– Advanced Financial Reporting (F2)

Once you complete this level, you obtain the CIMA Advanced Diploma in Management Accounting.

MEMBERSHIP OF CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS

This level covers the role of senior management — the syllabus concentrates on making strategic decisions and providing the context for which those decisions will be implemented. Candidates learn how to formulate financial strategy, manage strategic relationships, and identify and manage risk.

‍The three objective tests are:

– Strategic Management (E3)

– Risk Management (P3)

– Financial Strategy (F3)

‍Upon completion of the Strategic level, candidates will be eligible to submit their practical experience for assessment.