History of CIMA
In 1919, a group of legal professionals founded the organisation as a Cost and Works Accountant in response to the changing needs of the finance, accounting, and management industries. It was granted management accounting status as a branch of the accounting profession and a Royal Charter in 1975, enabling its members to pursue careers in business and finance. Consisting of over 2,18,000 members covering 177 countries, it is widely regarded as the premier professional management organisation on an international scale.
The fraternity members of the Chartered Institute of Management Accountants are employed in a variety of disciplines, including Corporate Finance, Financial Reporting, and Project Finance, Risk Management, Treasury Management, and so forth. Additionally, it maintains membership in the International Federation of Accountants, a globally recognised organisation within the field of accountancy. Established in 1977, its membership surpassed 175 individuals across 130 countries, and it currently has 3 million candidates globally.
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