ACHIEVE
CONNECT
Working together to
CIMA, the Chartered Institute of Management
Accountants, is acknowledged by employers as the
global quality standard in management accounting
with 183,000 members and students operating at
the heart of business in 168 countries.
GROWTH
You can be great at doing the numbers
and financial accounts but if you can’t
link them to the rest of the business
then it’s not going to be of any use.
Choosing CIMA was a fairly easy
decision, considering the types of roles
I was interested in CIMA’s business
relevance was a great match...it
offered a broader spread of business
knowledge than other accounting
qualifications and enables you to
make a valuable contribution.
Finance managerMartin Stockley30 employees
CIMA Certificate in Business AccountingThe CIMA Certificate in Business Accounting is the
entry route into CIMA and is a qualification in its
own right, allowing students to acquire a broad range
of knowledge across financial and management
accounting. This stand alone qualification will
enhance the knowledge and skills of existing and new
employees, providing the foundations for developing
commercially astute individuals that understand and
contribute to future business success.
The CIMA Professional QualificationThe CIMA Professional Qualification is updated
regularly to reflect the fast changing pace of
growing businesses. We consult with frontline
managers and directors of growing businesses on the
skills they need, in order to ensure that what your
staff learn is relevant to increasing organisational and
individual performance. The key features include:
• The CIMA qualification framework is
progressive, enabling your staff to obtain
formal recognition after successful completion
at each level.
• The CIMA Diploma in Management Accounting
requires students to demonstrate comprehension
and application, leading to an assessment of
analysis required by the CIMA Advanced Diploma
in Management Accounting.
• As you progress through the qualification, the
focus shifts from knowledge based learning,
to application and analysis which equips staff
with consultative business skills.
• A combination of three years’ practical
experience, successful completion of the exams
and a business case study will ensure your
staff have the skills needed to achieve
the goal of growing your business profitably.
FORECASTING
‘The qualification is great for
entrepreneurs because you study so
many different aspects of business
life and it gives you the tools to
run a business effectively....CIMA
people look forwards rather than
backwards, so you can become
more of a business advisor than
someone who just does the self-
assessment and accounts. You have
the skills to add value.
Founder
Affordable Accounts
10 employees
Chartered Management Accountants have broad
ranging business and management skills to
complement their financial training. They are able
to offer you strategic and practical advice; make
and support key decisions; and manage risk. That’s
why many of the world’s largest employers believe
CIMA members are best qualified to drive business
performance, not just measure it.
How is CIMA relevant to growing business?Chartered Management Accountants increase
profitability
In the demanding world of small and medium-sized
businesses, profitable business growth is essential but
difficult. Chartered Management Accountants are
experts in helping businesses increase profitability,
reduce costs, increase sales and improve cash flow.
Applying leading edge accounting techniques including
ratio and margin analysis across product or service lines,
business units and customers, Chartered Management
Accountants inform and make decisions for short,
medium and long-term profitability.
CIMA members can help to:Reduce costs
With their broad business knowledge, CIMA members
are experts in managing costs across a range of areas
including labour, materials, suppliers, operations,
marketing, IT, utilities etc.
Improve cash flow
They are experts in credit control systems and managing
cash flow. Using their future focus and forecasting skills
and techniques they are best equipped to manage cash
flow and take corrective action to ensure long-term
sustainable business growth.
Increase salesThey can use their understanding of markets, commercial awareness and analytical skills to determine a range of issues including analysis of cross-selling, design of reward systems for salespeople, contribution analysis, contract/bid pricing and negotiation, applying leading edge sales forecasting techniques and analysis etc.
SUCCESS
DEVELOPMENT SUPPORT
With CIMA, I was able to go into a
business, fully understand it and get
the most out of it.
Commercial accountant
Innocent Soft Drinks
200 employees
CIMA Professional Qualification pillarsAll three pillars of the CIMA Professional Qualification
contain content relevant to developing management
accountancy capability within growing businesses:
Enterprise pillar
The CIMA qualification has more focus on management
and strategy than any other accountancy qualification:
• Marketing and assessing competitors
• Project management
• Operations management
• Managing people and teams
• I.T. systems
• Change management
• Assessing and implementing strategic options
Performance pillar
The CIMA qualification has a greater emphasis on risk
management than any other accountancy qualification:
• Managing cash flow
• Credit control
• Budgeting techniques
• Forecasting techniques
• Pricing decisions
• Cost management and control
• Project appraisal
• Risk management
Financial pillar
One third of our syllabus is dedicated to financial
accounting and reporting:
• Financial records
• Ratio analysis
• Financial reporting
• Investment decisions
• Accessing finance
• Tax principles
• Compliance and regulation
Next step?For more information about CIMA visit the following
links or call us.
Case studieswww.cimaandme.com
Growing Business Knowledge Hub
www.cimaglobal.com/growingbusiness
Online learning
www.cimastudy.com
Register as a CIMA student
www.cimaglobal.com/registration
Registration and exam fees
www.cimaglobal.com/fees
AAT fast-track
www.cimaglobal.com/aat
Chartered Institute ofManagement Accountants26 Chapter StreetLondon SW1P 4NP
T. +44 (0)20 8849 2251
www.cimaglobal.com/growingbusiness
Plan for the futureThey work within businesses and enable business growth through their knowledge and use of appropriate tools, techniques and skills. External practice accountants fulfill an essential role of creating reports on historic business performance within set reporting standards while a Chartered Management Accountant will focus on where your business is heading in the future.
Improve relationships with banksChartered Management Accountants are experts in communicating complex financial issues. Their thorough understanding of business performance measures and ratios means they are best positioned to provide the increasingly detailed information banks are seeking before releasing credit. A combination of this and understanding where the business is heading in the future will result in a bank valuing your custom even more.
Reduce the burden of red-tape (regulation)They adhere to a rigorous framework of professional standards which ensures the highest ethical standards. They comply with regulations but their commercial mindset helps them to minimise the costs of compliance and could even turn a regulatory threat or barrier into a profitable opportunity.
The importance of small businessesGrowing small and medium sized businesses are crucial to successful economies. The very largest of organisations succeed or fail based on the quality of the decisions they make. Growing businesses are no different but have to make these crucial decisions with no margin for error due to more limited resources. Growing businesses can benefit from investing in developing the business skills of new and existing staff to increase their commercial awareness and decision making capability in order to drive profitability and business growth – all skills developed by the various CIMA awards.
CIMA has consulted with thousands of small and medium-sized businesses to develop the most relevant qualification for growing businesses. The qualification balances a broad spread of business and finance skills with a focus on future business performance and rigorous professional integrity. CIMA is the only professional body that delivers an employer driven qualification for management accountants working in business. We consult regularly with employers to meet the changing demands of business.
Growing businesses have always taken competitive advantage from being able to make very quick decisions and react to market changes and customer demand. While speed is important, the quality of those decisions is very often the difference between success and failure. CIMA members are experts in applying the most relevant and appropriate business tools, ratios and techniques to aid decision making. They can make these decisions quickly but also base them upon robust analysis and understanding of broad ranging business issues, not just financial issues. It follows therefore that the people making these decisions not only need to be technically and ethically compliant but also focus on issues that enable growth and profit maximisation. These are issues beyond traditional accountancy and require
the skills to provide meaningful analysis, decision
support and risk management.
PROFIT
SUPPORT
MANAGEMENT
It gives you much more commercial
awareness and there’s much
more opportunity to move into
commercial roles or operational
management roles because if you
have a financial understanding of
how a business runs and operates
in order to be profitable, that’s
the name of the game in making
businesses successful.
Management accountant
Symmetry Medical
350 employees
‘The CIMA syllabus provides a
training that enables students
to work across a wide variety of
departments and gives them the
knowledge to discuss financial issues
with non-financial managers,” ...“In
a medium-sized business, these skills
are essential as we work very closely
with the different departments in the
organisation.’
Financial controller
Global Travel Group
280 employees
Part AInitial Professional
Development – Work Based Practical Experience.
Award - Member of the Chartered Institute of Management Accountants
Man
agem
ent
leve
lPr
ofes
sion
alco
mpe
tenc
e le
vel
Stra
tegi
c le
vel
Ope
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onal
leve
l
Paper E3
EnterpriseStrategy
PerformanceStrategy
Financial Strategy
Paper P2
PerformanceManagement
Paper F2
Financial Management
EnterpriseOperations
EnterpriseManagement
PerformanceOperations
FinancialOperations
Award - CIMA Advanced Diploma in Management Accounting
Award - CIMA Diploma in Management Accounting
Paper E1 Paper P1 Paper F1
Paper P3 Paper F3
Paper E2
Pre-requisite entry requirements (e.g. CIMA Certificate in Business Accounting, degrees in business or accounting or AAT Technician/Diploma level).
Award - CIMA Certificate in Business Accounting
Paper C01
Fundamentals of Management
Accounting
Paper C02
Fundamentalsof FinancialAccounting
Paper C03
Fundamentalsof Business
Mathematics
Paper C04
Fundamentalsof Business Economics
Paper C05
Fundamentals ofEthics, Corporate Governance and
Business Law
Part B Case Study
Examination based on pre-seen and unseen material.
Enterprise pillar
Performance pillar
Financialpillar
T4Test of Professional Competence in Management Accounting
The CIMA syllabus structure
PROFITABILITYChartered Institute ofManagement Accountants26 Chapter StreetLondon SW1P 4NP
T. +44 (0)20 7663 5441F. +44 (0)20 7663 5442E. [email protected]
UKEM001V0311
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