Qualifications Required to Opt for CIMA

What is CIMA?

CIMA is defined as a management accounting program that equips students with the necessary skills and knowledge to pursue dynamic careers in investment banks, audit firms, banking, IT sectors, and even e-commerce. A candidate may pursue employment opportunities in fields such as Treasury Management, Corporate Finance, Business Analysis, Financial Reporting, Financial Analysis, Project Finance, and Risk Management upon completion of the CIMA course. The full form of CIMA is Chartered Institute Of Management Accountants....

Basics of CIMA

...

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....

Why CIMA?

1. Widely Recognised: CIMA is the world’s largest professional body for accounting professionals and is highly valued by businesses all over the world. This brings up a plethora of work prospects in many nations and industries....

Importance of CIMA

1. Additional Degree: It has a partnership with CPA (America). A candidate who is qualified by the Chartered Institute of Management Accountants receives a complementary degree, the CGMA from the CPA Institute, and the CIMA qualification. These degrees undoubtedly increase the weight of the resume and push the individual one step forward.These certifications will undoubtedly assist the student in obtaining a prosperous profession....

Structure of CIMA

Operational Level Management Level Strategic Level E1 Objective Test(Managing Finance in a Digital World) E2 Objective Test(Managing Performance) E3 Objectives(Strategic Management) P1 Objective Test(Management Accounting) P2 Objective Test(Advanced Management Accounting) P3 Objective Test(Risk Management) F1 Objective Test(Financial Reporting) F2 Objective Test(Advanced Financial Reporting) F3 Objective Test(Financial Strategy) Operational Case Study Management Case Study Strategic Case Study...

CIMA Course Details

1. Certificate Level: The Certificate level serves as the foundational tier of the CIMA certification program. It includes management accounting, financial reporting, and accounting in the digital era, among other topics, and provides a foundation in accounting and business principles. The Certificate level is comprised of three computer-based exams and a case study that may be completed at any time during the year....

Syllabus of CIMA

Level Topics and Weightage CIMA Certificate Level Fundamentals of Business Economics Fundamentals of Management Accounting Fundamentals of Financial Accounting Fundamentals of Ethics, Corporate Governance, and Business Law CIMA Operational Level Introduction to organisations (25%) Managing the finance function (15%) Managing technology and information (15%) Operations management (15%) Marketing (15%) Managing Human Capital (15%) CIMA Management Level  Introduction to Strategic Management and Assessing the Global Environment (30%)  The human aspects of Organisation (20%)  Managing Relationships (20%)  Managing Change through projects (30%) CIMA Strategic Level Interacting with the organisation’s Environment (20%) Evaluating Strategic position and strategic options (30%) Leading Change (20%) Implementation Strategy (15%) The Role of Information systems in organisational strategy (15%)...

Qualifications Required to Opt for CIMA

You need either a passing grade in 10th grade or an O-level or an intermediate or A-Level to sign up for the CIMA study. If you already have an undergraduate or graduate degree in any area, you can still sign up for the course. Having an MBA or a professional accounting qualification is the best way to get into the CIMA school quickly....

Exam Details Of CIMA

Objective Type Case Study Exam at Each Level 3 1 Duration 90 180 min Paper Type Objective type Integrated Case Study Exam Frequency Daily based on availability at centre 4 times a year (Feb, May, Aug, Nov) Result Declaration Immediately After 1 month of the exam...

Salary of CIMA

Job Title Range Finance Manager ₹525k – ₹3m Chartered Accountant ₹498k – ₹3m Senior Finance Manager ₹1m – ₹4m Finance Analyst ₹440k – ₹786k Management Accountant ₹356k – ₹983k Financial Controller ₹2m – ₹4m Financial Analyst ₹295k – ₹671k...

CIMA Exemptions

If you’re curious whether the CIMA institution offers exemptions or not, we have some excellent news for you. In some circumstances, the CIMA course allows for exemptions. What else? The Institute does not charge any further fees for the exemptions granted. In the year 2015, CIMA or the Institute of Cost Accountants of India (ICMAI) inked an MOU indicating that members of both professional bodies will have a more streamlined entry starting in March 2015....

Difference Between CIMA and ACCA

Basis CIMA ACCA Focus Management Accounting and Strategy General Accounting and Finance Levels Operational, Management, Strategic Knowledge, Skills, and Professional Emphasis Strategic Decision Making, Risk Management Technical Expertise, Professional Skills Exams Case studies, Objective tests Objective tests, Strategic Professional Professional Title Chartered Global Management Accountant Chartered Certified Accountant Membership Body CIMA (Chartered Institute of Management Accountants) ACCA (Association of Chartered Certified Accountants)...

Conclusion

Overall, this course is intended to excel, educate, and leave a lasting impression in management studies. Aside from global recognition and well-established partnerships with other educational organisations across the world, it additionally offers a strong network of alumni who hold top management positions in the world’s largest firms....

Frequently Asked Questions (FAQs)

1. What are the parts of the CIMA exam?...