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for Business The CIMA professional qualification Ban Lambert Account Manager CIMA July 7, 2015 Overview • CIMA • Management Accounting • The 2010 Syllabus • Membership • Support July 7, 2015 Why do a professional qualification? Stand out from the crowd Global demand for finance professionals has never been higher • Be the ‘1 in 10’ - Only 10% of UK working population hold a professional qualification • Add value to your business – Invest in skills which will create a competitive advantage • Improve your career prospects • Benefit from higher earning potential • Absolute – Recognition of qualifications high quality regardless of where and when you studied About CIMA • The only international accountancy body with a sole focus on business • • • • • • • • • • • 172,000 members and students in 165 countries Established institute 243 exams centres in 90 countries Computer based assessments on demand Written exam sittings in May and November One syllabus, one exam, one CPD globally Tailor CIMA learning to suit you The preferred qualification for the worlds top organisations International Federation of Accountants International accounting standards Offices worldwide CIMA’s Mission Our purpose - The ever greater employability of chartered management accountants. Our vision - Chartered management accountants driving the world's successful organisations. Our mission - To be the first choice for employers in the qualification and development of management accountants. ‘CIMA qualified professionals are equipped with the necessary skills to analyse financial and non financial information to make better strategic decisions for all sectors of the global market.’ Michael Eow, Director of Finance, IRIS Corporation, Malaysia Why CIMA? Reporting, Audit, Tax, etc Strategic Tactical Operational Value, Growth, Advantage, etc Management accounting Regulatory and compliance Driving business success At the ‘heart’ of the business CIMA opens career doors Many people fear being typecast and ‘narrowed’ by a specialist qualification… • Information/business analyst • Project specialist • Investment Accountant • Management Accountant • Financial manager • Financial Analyst • Financial controller • IT Director • Management Consultant • CEO • Finance director • Chairman • CFO July 7, 2015 CIMA members – Positions in Company (Source: CIMA Member survey 2008) July 7, 2015 CIMA members by industry sector The CIMA framework CIMA Certificate in Business Accounting Fundamentals of: The CIMA Professional Qualification The practical experience element • At least 3 years’ relevant practical experience • Can be gained prior to, during and after studying ‘The interesting thing for me has been seeing parallels between what I study and read in the text books and what my day job requires’ Karen Barker, Head of Physiotherapy Services, Nuffield Orthopaedic Centre NHS Trust ‘70% of what I learn I use in my day job’ Sarah West, Graduate Trainee, Proctor & Gamble What skills successful students need • Drive for results • Numeric skills • Interpersonal effectiveness • Communication skills • Ability to deal with ambiguity • Ability to work under pressure Plus a PASSION for business July 7, 2015 CIMA Training companies Joint training partnership between CIMA and employers to support CIMA students. ‘I did the CIMA qualification and I’d take people from CIMA anytime. They’re basically business people with a finance orientation, not just accountants’. Andrew Higginson, CEO Retail Services – Tesco plc July 7, 2015 Any Size, Any Sector… July 7, 2015 Key dates for students May exams November exams Registration 31 January 31 July Exam Entry 14 March 14 September Exam results End July End January July 7, 2015 Study support from CIMA July 7, 2015 Study support from CIMA • Recommended reading and resource list • Exam questions and technique tips • Post exam guides • Study guides • Q&A from past ‘email a tutor’ event • Financial Management magazine • Article archive • Velocity student e-magazine • CIMAstudy.com CIMAstudy.com • Online resource to support CIMA students • Brings together subject, software and e-learning expertise • Ideal as standalone learning solution or as part of blended solution • Supports the CIMA qualification • All papers available • Delivered through an integrated learning management system • Available via a dedicated web portal: www.CIMAstudy.com July 7, 2015 CIMAstudy.com screenshot Further information Chartered Institute of Management Accountants 26 Chapter Street London SW1P 4NP T. +44 (0)20 849 2251 E. [email protected] W. www.cimaglobal.com View CIMA’s corporate video here: www.cimaglobal.com/aboutus