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)
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Operational Level (Level
1)
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20%
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30%
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25%
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20%
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10%
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15%
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20%
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25%
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60%
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20%
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15%
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20%
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20%
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Management
Level (Level II)
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Str. Mgt. & Assessing
Competitive Env.
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30%
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Pricing & Product
Decisions
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30%
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Group Financial Statements
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35%
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Project Management
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40%
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Cost Planning & Competitive Advantage
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30%
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Issues in Recognition & Measurement
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20%
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Management of Relationships
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30%
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Budgeting & Mgt. Control
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20%
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Analysis & Interpretation of Financial Accounts
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35%
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Control & Performance Measurement of
Responsibility Centres
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20%
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Developments in External Reporting
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10%
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Strategic
Level (level III)
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Interacting with Competitive Env. Mgmt.
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20%
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Management Control Systems
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10%
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Formulation of Financial Strategy
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25%
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Change Management
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20%
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Risk and Internal Ctrl.
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25%
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Financial Decisions
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30%
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Evaluation of Strategic
Options
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30%
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Review and Audit of Control Systems
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15%
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Investment Decisions and Project Control
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45%
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Implementation of Strategic
Plans
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30%
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Management of Financial Risk
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35%
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Risk and Control in
Information Systems
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15%
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To view the consolidated detailed syllabus, click here.
Exam Resources
Operational
Level (Level 1)
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E1: Enterprise Operations
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P1: Performance Operations
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F1: Financial Operations
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Management
Level (Level II)
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E2: Enterprise Management
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P2: Performance Management
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F2: Financial Management
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Strategic
Level (level III)
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E3:Enterprise Strategy
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P3: Performance Strategy
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F3: Financial Strategy
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Further Information
