CIMA

Chartered Management Accounting from CIMA (UK)

The Chartered Institute of Management Accountants is a UK based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business. It is the largest management accounting body in the world, with more than 200,000 members and students in 173 countries. The Institute is also a member of the International Federation of Accountants.

In India, it is one of the most well recognized foreign Institutes imparting professional education in Financial & Cost Accounting. The Institute of Cost Accountants of India has signed a Memorandum of Understanding with CIMA whereby qualified professionals of either of the two institutes can also obtain membership of the other through a fast-track route, which gives exemption from a number of papers to qualified professionals of the other Institute.

The course is divided into three main levels viz. Operational, Management and Strategic, each of which have three papers. An entry level examination of five papers called “Certificate in Business Accounting” has to be passed before registering as a student of the Institute. However, graduates in accounting or business can directly seek student membership. The CIMA provides membership only to a student who, apart from passing the nine papers across three levels, has work experience of at least three years in the field of accounting and has passed a case study exam conducted by CIMA.

The Institute conducts exams four times in a year, in March, May, September and November. There are various exam centres in India, across ten different cities. The job prospects on becoming a member of CIMA are immense, not only in India, but globally.

Steps to Becoming a Chartered Management Accountant

Subjects' Syllabus Guide

Business Accounting (Entry Level)















Operational Level (Level 1)
20%
30%
25%
20%
10%
15%

20%
25%
60%
20%
15%

20%

20%


Management Level (Level II)
Str. Mgt. & Assessing Competitive Env.
30%
Pricing & Product Decisions
30%
Group Financial Statements
35%
Project Management
40%
Cost Planning & Competitive Advantage
30%
Issues in Recognition & Measurement
20%
Management of Relationships
30%
Budgeting & Mgt. Control
20%
Analysis & Interpretation of Financial Accounts
35%


Control & Performance Measurement of Responsibility Centres

20%
Developments in External Reporting

10%
Strategic Level (level III)
Interacting with Competitive Env. Mgmt.
20%
Management Control Systems
10%
Formulation of Financial Strategy
25%
Change Management
20%
Risk and Internal Ctrl.
25%
Financial Decisions
30%
Evaluation of Strategic Options
30%
Review and  Audit of Control Systems
15%
Investment Decisions and Project Control
45%
Implementation of Strategic Plans
30%
Management of Financial Risk
35%




Risk and Control in Information Systems
15%












To view the consolidated detailed syllabus, click here.

Exam Resources
Operational Level (Level 1)
E1: Enterprise Operations
P1: Performance Operations
F1: Financial Operations
Management Level (Level II)
E2: Enterprise Management
P2: Performance Management
F2: Financial Management
Strategic Level (level III)
E3:Enterprise Strategy
P3: Performance Strategy
F3: Financial Strategy

















Further Information