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i want to BE abusinessle aderNOT a NUMBERcruncherYou’re thinkinglike a managementaccountant already
?amicsitawhCIMA is the world’s largest professional body ofmanagement accountants offering the most relevantaccounting qualification for a career in business.Contents:If you are considering a career in finance and business, theCIMA qualification will open doors with employers all overthe world. As a CIMA management accountant you’ll earnmore and go further.What is CIMA?3CIMA Certificate in Business Accounting18What is management accounting?4CIMA Professional Qualification21Why choose CIMA?5Getting started25Who is CIMA for?5Study options26Routes into CIMA7Becoming a CIMA member27School leavers8Employers we work with28Undergraduates/graduates10How much can I earn?30AAT students and members12How much will it cost?30MBA and Masters in Accounting holders14Find out more31Everyone else16getting into theworld of businessStudy the cima qualificationand get the skills i needHaving the skills andknowledge employers want3
?GNITNUOACCTNEMEAGNAMISTWHAManagement accountants play a vital role in managingbusiness opportunities using evidence to developdynamic solutions. Management accountants useinformation of all kinds, not just financial, to informthe strategy and help manage the future of the business.To achieve this, management accountants study enterprise,performance and financial strategies and combine this withreal business experience. Management accounting is aboutlooking beyond numbers and spreadsheets to add real valueto a company.Management accountants work in all areas of a business,in all types of organisations in the public and private sectors,all over the world. They work in finance, IT, marketing, HR,operations and senior management positions. They couldbe a project manager, a management consultant, a financedirector, a chief executive and many go on to run their ownbusiness.Do you analyse situations and weigh up all your optionsbefore making a decision? If this sounds like you, you’rethinking like a management accountant already.By studying the CIMA qualification, and going on to becomea CIMA member, you will join the world’s largest professionalbody of management accountants. You will be able to usethe Chartered Global Management Accountant (CGMA)designation and be part of a truly global network.The CGMA designation is powered by two of the world’sleading accounting bodies – CIMA and AICPA. It aims toestablish management accounting as the most valuedprofession in business worldwide.The CIMA Code of Ethics is what sets CIMA (and you) apartfrom other qualifications. Practising ethical decision makingand reflecting on your skills as a finance professional will bean integral part of your CIMA studies.WHo is CIMA for?There’s more to managementaccounting than you mightthink. It includes, and addsvalue to, financial accounting. 4?AMCIesoohcyWHAnyone can study CIMA, whether you’re new to businessand accounting or an experienced professional. Ambitiousschool leavers, graduates and professionals choose CIMAas the most relevant accounting qualification for a careerin business. Our flexible entry policy gives anyone witha passion for business the chance to study CIMA regardlessof educational background. All you need is a good grasp ofmaths and English.ExemptionsStart at the right level for youDo you already have qualifications? If so,you may not need to take all of the exams inthe CIMA qualification and may be eligible forexemptions. Exemptions mean you can startyour CIMA studies at the right level for youand you could qualify sooner.Check out what exemptions you could receive:www.cimaglobal.com/exemptions5
You’re thinkinglike a managementaccountant alreadyUnderGraduates/graduatesAre you are an undergraduate or recent graduate looking tostart your career in business or finance? Graduates in any degreediscipline can study CIMA and get a head start in the job market.AAT students membersWant to accelerate your career? Whether you’re still studyingAAT or you’ve progressed to membership it’s important to thinkabout what you want to achieve next.MBA and MASTERSIN ACCOUNTINGHOLDERSMBA and Masters in Accounting holders who also hold aprofessional qualification have an even stronger advantage inthe job market. Find out about the Masters Gateway acceleratedroute into CIMA.Anyone can study CIMA, whether you already work in businessand finance, want to change career or even run your ownbusiness. Find out how you can study CIMA if you don’t fitinto any of the above entry routes.EveryoneelsePAGE 12PAGE 10PAGE 8SCHOOL LEAVERSAre you about to leave school or college? Are you interested in arewarding and successful career in business? CIMA can offer youan alternative qualification to university that is highly valued byemployers worldwide.PAGE 14“I always think afew moves ahead”In this section you’ll find the best route for youto progress and qualify as a Chartered GlobalManagement Accountant.PAGE 16amicntoisroute7
BUSINEsscardsnot studentdiscountcardsservaelloos chSchoolLeaversi’m thinkingSchool to CIMA at a glance:Qualify faster – you don’t need a degree to start your CIMA studies.The CIMA Certificate in Business Accounting – a qualification in its own right.Apply for a CIMA apprenticeship and get real work experience while you are studying.Are you about to leave school or college? Are youinterested in a rewarding and successful career inbusiness? You don’t need a degree to start your CIMAstudies. You can bypass university and head straightfor the world of business.With CIMA you get to call the shots – studying at yourown pace in a way that suits you. You can study CIMA fulltime, part-time, while working, in a classroom or throughdistance learning.You’ll start with the CIMA Certificate in Business Accounting.This will help you build your business and financialknowledge. It’s a recognised qualification in its own right,and a great introduction to the world of business whetheryou are looking to land a top job or run your own business.Upon completion you will be awarded the CIMA Certificatein Business Accounting and can use the letters CIMA Cert BAafter your name. It can also be a stepping stone to the CIMAProfessional Qualification.Other ways to study CIMAYou’re thinkinglike a managementaccountant alreadySet on getting a degree? Find out how you can combine CIMA with a degree on page 26.Or find out about the CIMA apprenticeship on page 26. It’s a fantastic route into the world of business fortalented individuals.Find out more: www.cimaglobal.com/schoolleavers9
i want to setagenda snot TAK EMINUTES/steaudarunderggraduatesGraduates in any degree discipline can study CIMA.Exemptions available if you have completed a relevant degree. Option to begin your CIMA studies while at university andgraduate with a head start in the job market.You’re thinkinglike a managementaccountant alreadyStudying CIMA after university is a strong career move.It can enhance your degree and open doors with topemployers around the world.CIMA Certificate in Business Accounting. It’s a recognisedqualification in its own right and can also be a steppingstone to the CIMA Professional Qualification.You can even begin your CIMA studies while at universityand graduate with a head start in the job market. You don’tneed a relevant degree to start your CIMA studies; graduatesin any degree discipline can study CIMA. You’ll start with theIf you have already completed a relevant degree, for exampleaccounting or business, you may be entitled to exemptionsfrom some CIMA exams allowing you to progress onto theprofessional level quicker.Get involvedCIMA Global Business ChallengeCIMA undergraduate clubJoin CIMA’s undergraduate club and get exclusiveaccess to industry updates, graduate jobs and employerevents. It will give you the opportunity to develop youremployability skills and stand out from the crowd.Enter CIMA’s Global Business Challenge and try yourhand at being a management accountant. You mayjust like it! It will give you some fantastic experienceto draw upon in interviews and put you in front ofsome top employers. You may even win the chanceto represent the UK at the global final.It’s free and simple to sign up:www.cimaglobal.com/undergraduateFind out more today:www.cimaglobal.com/ukgbcFind out more: duatesUniversity to CIMA at a glance:11
I’m thinkingboardNotbore dsmember sentdtusAAtAAT to CIMA at a glance:Exemptions from the entire CIMA Certificate in Business Accounting qualificationonce you complete AAT Level 4.Fast track processing of exemptions available exclusively for AAT students.Your AAT qualification provides you with an excellentstart to a great career. But why stop there? The AAT routeto CIMA is a proven path to business success.Accelerating your career with the CIMA ProfessionalQualification represents a fresh and exciting challengeto AAT professionals wishing to become a Chartered GlobalManagement Accountant. It will build on your existingskills, making you more attractive to potential employers,improving your earning potential and enhancing yourcareer prospects.AAT students membersA reduction of over 50% on your AAT full membership while you are studying CIMA.ExemptionsOnce you have completed AAT Level 4, or Level 8 in Scotland, you are exempt from the CIMA Certificate inBusiness Accounting. This equates to five exemptions and allows you to progress to the CIMA professional levelexams straight away.You’re thinkinglike a managementaccountant alreadyIf you are an AAT student who has not yet progressed onto the final level you can still study for CIMA. You’ll startwith the CIMA Certificate in Business Accounting. It’s a recognised qualification in its own right and can also be astepping stone to the CIMA Professional Qualification.Find out more: www.cimaglobal.com/aatroute13
i want tomakedecisionsnot informthemnistersaMMB A andserdlohgnAccountiMasters to CIMA at a glance:Accelerated entry route for people who hold an MBA or Masters in Accounting.Masters Gateway exam grants you 11 exemptions from the CIMA qualification.The Masters Gateway is an accelerated entry routeto CIMA for people who hold an MBA or Masters inAccounting. Upon completion of the Masters GatewayAssessment exam you will be granted 11 exemptions fromthe CIMA qualification.Once you have passed you will be awarded the CIMAAdvanced Diploma in Management Accounting and begranted exemptions from all certificate, operationaland management level exams in the CIMA ProfessionalQualification.How does it work?There are now two options to choose from – the MastersGateway package (including online study) and the MastersGateway assessment only.This route requires you to sit a three-hour exam in eitherMay or November. It assesses your knowledge of thematerial covered in the management level of the CIMAProfessional Qualification.You’re thinkinglike a managementaccountant alreadyMBA and Masters inAccounting holdersTwo options to choose from – with or without online study package.Studying alone for the Masters Gateway exam?Check out these free self-study guides designed to give self-studying students a near tuition ind out more: www.cimaglobal.com/mastersroute15
I’m thinkingglobalNot justlocalesleoneyerevCIMA at a glance:Anyone can study CIMA, whether you’re new to business and accountingor already have some experience.Exemptions available if you already have relevant qualifications.Already work in business and want a professionalqualification? Or are you considering a complete careerchange? Studying CIMA could be the best career decisionyou make.Business Accounting, which will give you a solid grounding inthe fundamentals of business and finance. You can study itas a stand-alone qualification or as a stepping stone to theCIMA Professional Qualification.Working in businessWorking for yourselfAnyone can study CIMA, whether you’re new to business andaccounting or already have some experience.If you are an aspiring entrepreneur who intends to run yourown business, the CIMA Certificate in Business Accountingcan help you succeed. It will equip you with the knowledgeyou need to make smart business decisions. You will developan excellent grounding in key areas of business and financeincluding preparing accounts, company law, budgeting,ethics and corporate governance; essential skills for anysmall business owner.If you already have qualifications you may not need to takeall of the exams in the CIMA qualification. Take a look at theexemptions section on page 5 to make sure you start at theright level for you.You’re thinkinglike a managementaccountant alreadyIf you don’t hold an existing qualification in business orfinance, you will start by studying the CIMA Certificate inFind out more: www.cimaglobal.com/everyoneEveryoneelseOpens doors to all types of roles, within and outside of the finance function.17
niteacifiertcCimagniountccassbusineThe five certificate syllabus modulesC01The certificateThe certificate at a glance:Entry requirements:None. It’s open access.Number of exams:Five, two-hour,computer based exams.Exam dates:The Certificate in Business Accounting is CIMA’s entrylevel accounting qualification. Whatever career pathyou wish to take, the CIMA Certificate in BusinessAccounting offers you the opportunity to developyour business and financial knowledge.It is a valuable qualification in its own right. Uponcompletion you will be awarded the CIMA Certificate inBusiness Accounting and can use the letters CIMA CertBA after your name. It can also be a stepping stone tothe CIMA Professional Qualification.All year round.Completion time:12-18 months on average.Work experience required:None.Letters after your name:CIMA Cert BAC02Fundamentals ofFinancial AccountingC03Fundamentals ofBusiness Mathematics Regulatory framework Preparing accounts Accounting systems and controls Basic maths Probability Financial maths ForecastingThe syllabusThe five modules that make up the CIMA Certificate inBusiness Accounting are completely flexible and canbe sat at any time throughout the year. You can studythe papers in any order and choose any combination ofpapers to suit your way of studying.All Certificate in Business Accounting papers are examinedby computer based assessment at centres around the world.You will get feedback straight after your assessment andwill know if you’ve passed. Students who carefully plan andcommit to their studies can complete the CIMA Certificatein Business Accounting within 12-18 months.18Fundamentals ofManagement Accounting Basic costing Budgets Accounting and cost systemsC04Fundamentals ofBusiness EconomicsC05Fundamentals of Ethics,Corporate Governanceand Business Law Economic environment Analysis for business decisions Market economy and role of government Elements of contract Company law Administration and finance Applying legal knowledge19
laonissefroCima pqualificationThe CIMA Professional Qualification syllabusis made up of exams and real work experience.It is built on three learning pillars: enterprise,performance and financial.There are also four distinct levels: operational,management, strategic and professionalcompetence. Each level is progressive and uponcompletion you will be awarded with interimqualifications and letters after your name.“I’M THE PERSONWHO ALWAYSDIVIDES THE BILL”CIMA ProfessionalQualification at a glance:Entry requirements –one of the following: CIMA Certificate in Business Accounting Relevant degree in accounting or business AAT Level 4 Diploma in Accounting MBA or Masters in AccountingNumber of exams:Ten, split into four distinct levels.Exam sittings:Twice a year, May and November.Completion time:Between three and five years on average.Work experience required:None involved in passing the exam, three years’work experience required for entry to membership.Letters after your name:You’re thinkinglike a managementaccountant alreadyLetters are awarded upon completion of each level: Operational level: CIMA Dip MA Management level: CIMA Adv Dip MA CIMA member: ACMA, CGMA CIMA fellow: FCMA, CGMA21
The syllabusCIMA Professional Qualificationsyllabus details:The levelsThe pillarsAs a management accountantyou will be looking beyond thefinances to inform the strategyof the business. The pillars aretherefore designed to covernot just finance, but a range ofother business areas. The belowhighlights what will be coveredin each pillar.Enterprise – develop strategy andplan for effective implementation.Performance – monitor activity toensure strategy is realistic and hasbeen implemented effectively.Financial – prepare and interpretfinancial statements, in order tounderstand performance andform decisions.The levelsThe four distinct levels encourageprogressive, constant developmentof knowledge, ensuring you havethe skills businesses need.Operational level considersimplementation of short-termdecision making, mirroring thework undertaken by first linemanagers and their teams.Management level considersanalysis, ensuring successfulperformance. This is in thecontext of the medium-term,and reflects work undertakenby middle managers.Strategic level takes into accountlong-term strategic decisions,and the provision of resourcesto implement these decisionssuccessfully. This is the workgenerally undertaken by seniormanagement.The examsExams for the CIMA ProfessionalQualification are paper-based,lasting three hours with 20minutes’ reading time. They takeplace in a wide variety of venuesand are held twice a year, in Mayand November.At operational and managementlevel, you can choose how manypapers you take at each sitting andin which order. All three strategiclevel subjects must be studiedat the same time before movingonto the T4 Test of ProfessionalCompetence.There is no time limit tocomplete the CIMA ProfessionalQualification so you can studyat your own pace. On average,it takes a student who is workingfull-time and studying part-timebetween three and five yearsto lTest of Professional Competence in Management AccountingPART AInitial Professional Development Work Based Practical ExperiencePART BCase Study Examination based onpre-seen and unseen materialPAPER E3PAPER P3PAPER rategyAward - CIMA Advanced Diploma in Management AccountingManagementlevelPAPER E2PAPER P2PAPER alManagementAward - CIMA Diploma in Management AccountingOperationallevelThe pillars22Award - Member of the Chartered Instituteof Management AccountantsPAPER E1PAPER P1PAPER risepillar23
“I’m always looking at waysto improve performance”drteatsgniGettStep 1: Register as a CIMA student online at www.cimaglobal.com/registerCIMA Certificate in Business AccountingCIMA Professional QualificationIf you are taking the CIMA Certificate inBusiness Accounting there are no deadlines.You can sit the assessments at a computerbased assessment centre when you are ready.If you are expecting to enter the CIMA ProfessionalQualification directly, you should register as a CIMAstudent by the following dates:Register by 31 January to sit the May examsRegister by 31 July to sit the November examsStep 2: Apply for exemptionsEmail copies of any transcripts and certificates to documents@cimaglobal.com by the above dates.We will then advise you if you are eligible for exemptions.Step 3: Book your examsCIMA Certificate inBusiness AccountingFind your nearest computer basedassessment centre and contact themdirectly to arrange your assessmentat: www.cimaglobal.com/cbaYou’re thinkinglike a managementaccountant alreadyCIMA Professional QualificationEnter online using your MY CIMA account. Exam entrytypically runs from early February to mid-March for Mayexams and early August to mid-September for Novemberexams. For details of exact dates and fees visit:www.cimaglobal.com/examsStep 4: Choose your study optionCIMA can be studied in a number of different ways to suit your preference and lifestyle.Find out more about your study options on page 26.2525
Study op tionsCIMA can be studied in a number of different ways tosuit your preference and lifestyle.Tuition classes offer classroom experience, giving you thebenefit of qualified lecturers, face-to-face tutoring andinteraction with fellow CIMA students.Distance learning packages offer you a structured trainingprogramme and tutorial support.Online learning and study resources allow you to studyat your own pace. CIMAstudy.com is the official onlinelearning system which takes you step-by-step throughthe CIMA qualification.memberamicagniomBecOur website is full of great, free study support material.We’ve got help at every level including past papers, studyguides and useful articles. We also have local networkactivities to support you through your studies.If you are working, you might want to consider asking youremployer for support, including financial support and timeoff to study and sit your exams. Support is given at youremployer’s discretion.For more information on study options and courseproviders in your area, visit:www.cimaglobal.com/studyoptionsCIMA, together with a network of employersand educational partners, have created thefirst ever degree level Higher Apprenticeshipin Management Accounting. It’s a fantastic nonuniversity route into the world of business andfinance for talented individuals. Interested inapplying for an apprenticeship position?Find out more:www.cimaglobal.com/myapprenticeship26CIMA members around the world have a duty to observethe highest standards of conduct and integrity and touphold the good standing and reputation of the profession.To find out more, visit: www.cimaglobal.com/ethicsPractical experience requirements (PER)Some or all of the three years’ practical experience required can be gained before registeringas a CIMA student and can be carried out with more than one employer. The work experienceis broken down into three main areas – basic, core and supplementary, reflecting the widerange of functions carried out by management accountants.Other ways to study CIMACIMA Higher Apprenticeshipin Management AccountingBefore qualifying as a CIMA member, you must showthat you have three years’ relevant work based practicalexperience. That way, employers know that you, andevery other CIMA member, belong to a community withthe skills they’re looking for.Study for CIMA with a degreeCIMA has teamed up with select UK universities tooffer you the opportunity to get a degree while studyingtowards your CIMA qualification. By studying for theCIMA qualification and a degree at the same time you’llalso be able to progress faster in your career by showingemployers you are a highly motivated individual. Eachof the universities we’ve partnered with has their ownentry criteria and degree structure for achievinga combined degree and CIMA qualification.Find out more:www.cimaglobal.com/cimathroughdegreeBasic experienceCore experienceSupplementary experiencePreparing and maintaining accounting recordsPreparation of management accountsFinancial strategyStatutory and regulatory reportingPlanning, budgeting and forecastingCorporate financeIT desktop skillsManagement reporting for decision makingTreasury managementSystems and procedure developmentProduct and service costingTaxationInformation managementBusiness evaluation and appraisalProject appraisalBusiness strategyProject managementExternal relationshipsFor tips on gaining and recordingyour practical experience visit:www.cimaglobal.com/perWorking capital contentRisk management and business assurance27
EMPLOYERSIf you want to study CIMA while working, it’s a good idea to find an employer whowill support you while you study and help you gain valuable workplace experience.hwe work witsienapmocSome of theThousands of companies around the world, from multinationals to the newest start-ups inthe public and private sectors qualify their staff with CIMA.Just some of the companies and roles where CIMA people work are listed below.Professionalservices andconsultingKPMGEYPwCDeloitteAccentureIBMGrant ThorntonFinancialservicesPublic sector andnot-for-profitMorgan StanleyBarclaysThe Co-operativeBanking GroupHSBCZurichCredit SuisseJ.P. MorganNHSScottish EnterpriseUK GovernmentMODHMRCHighways AgencySanctuary HousingHere are just someexamples of thetypes of roles CIMApeople work in:Information management rolesBusiness Analysis ManagerHead of Programme ManagementDirector of Information TechnologyFMCGRetailMedia andpublishingTelecommsand ITTransport, traveland leisureEngineering mberlyClarkDiageoP&GBootsASOSTescoJohn LewisWalt DisneyMarks & SpencerNextBBCITVSkyGuardian Media GroupGooglePearsonVirgin MediaVodafoneSiemensO2Cisco SystemsBTTalkTalkDellTUI TravelHilton WorldwideInterContinentalHotels GroupBritish AirwaysMarriott InternationalNetwork RailTfLBAE SystemsFordBalfour BeattyGlaxoSmithKlineRolls-RoyceAirbusNational Grid@Executive rolesChief ExecutiveManaging DirectorChief Financial OfficerFind and apply for the latest jobs on CIMA’s international jobs site: www.cimaglobal.com/myjobs28!Finance rolesFinance DirectorFinance Business PartnerManagement Accountant Commercial rolesCommercial DirectorMarketing ManagerManagement Consultant%Operations roles -Human Resources ManagerProject ManagerOperations DirectorFind a list of employers who meet our training standards and apply directly to them: www.cimaglobal.com/trainingpartners29
EROMTUODFIN 62,599 40,469This is an indication of what youcould earn. Salaries vary considerablyby region and sector. 34,696You can see from the diagramhow your investment in studyingand exams is quickly rewarded asyou progress through the CIMAqualification. 32,4 4?NRAEINHOW MUCH CATalk to a CIMA adviser on the phoneCall 020 8849 2251For opening hours visit:www.cimaglobal.com/ukcontactGet an instant answer onlineGet an instant answer to the most popular CIMA FAQs:Source: 2013 CIMA salary surveyOperationallevelManagementlevelStrategic - T4 CIMA member CIMA memberACMA, CGMA FCMA, CGMAlevelwww.cimaglobal.com/smartanswersChat live onlineHow muchwill it cost?CIMA students pay a one-off registration fee, an annualsubscription fee, and a fee for each exam or exemption. Checkour fees list for full information: www.cimaglobal.com/feesYou also need to take into account the cost of study materials and anytuition classes you take. Tuition fees are charged separately and arepaid directly to the course provider.Keep in touch to makesure you don’t miss out onimportant news from CIMA:Chat to a CIMA adviser online and get a personal response:www.cimaglobal.com/cimachatSign up for our monthly email bulletin:www.cimaglobal.com/bulletinCo e and eet usCome along to a Saturday open day for one-to-one advice:www.cimaglobal.com/opendays30We have a friendly bunch of CIMAadvisers on hand to talk to, and avariety of ways you can get in touchto find out more.‘Like’ CIMA UK on Facebook:www.facebook.com/cimauk31
accounting qualification for a career in business. If you are considering a career in finance and business, the . With CIMA you get to call the shots - studying at your own pace in a way that suits you. You can study CIMA full-time, part-time, while working, in a classroom or through . dE isi N s The Masters Gateway is an accelerated .
