Wednesday, June 2, 2010

About CIMA

The Chartered Institute of Management Accountants (CIMA) is a UK professional accountancy body whose focus is on the training and qualifying of accountants in business. It represents financial managers and accountants who work in industry, commerce, not-for-profit and public sector organisations. Its key activities are related to strategies for use within business.

CIMA's aim is to provide a valuable qualification for students, to support members and employers, and protect the public interest. CIMA has over 88,000 students and 70,000 members in 161 countries. CIMA's focus on management functions makes it unique, and it is internationally recognised as offering the financial qualification for business. CIMA works with leading employers in the UK and around the world to train and qualify financial managers.

CIMA Syllabus

The CIMA Syllabus comprises of three fundamental levels, and a final test of professional competence in management accounting.

Certificate level

C01 Fundamentals of Management Accounting
C02 Fundamentals of Financial Accounting
C03 Fundamentals of Business Mathematics
C04 Fundamentals of Business Economics
C05 Fundamentals of Ethics, Corporate Governance and Business Law

Managerial level

The number, sequence and grouping of papers studied at Managerial level is completely flexible. You may choose any combination of papers to suit your own study requirements. However, we recommend taking between two and four papers at any single examination sitting.

P1 Management Accounting Performance Evaluation
P2 Management Accounting Decision Management
P4 Organisational Management and Information Systems
P5 Integrated Management
P7 Financial Accounting and Tax Principles
P8 Financial Analysis

Students must pass all of the Managerial Stage papers before attempting the Strategic Level.

Subjects can be taken in any order, and in any combination. The pass mark is 50% – permanent credits are awarded for a mark of 50% or higher.

Strategic level

P3 Management Accounting Risk & Control Strategy
P6 Management Accounting Business Strategy
P9 Management Accounting Financial Strategy

TOPCIMA: Test of Professional Competence in Management Accounting

The three Strategic level papers must be sat together at the first attempt. All marks of 50% or higher are awarded a permanent pass. Students must pass all Strategic level examinations before attempting TOPCIMA.

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