CIMA C05 Fundamentals of Ethics Corporate Governance and Business Law Company administration and finance
CIMA C05 Fundamentals of Ethics Corporate Governance and Business Law Company administration and finance: Description
This course forms part of the CIMA Certificate in Business Accounting programme. Its main focus is on ethics and business, ethical conflict, corporate governance, comparison of English law with alternative legal systems, the law of contract, the law of employment, and company administration and finance.
CIMA C05 Fundamentals of Ethics Corporate Governance and Business Law Company administration and finance:Accreditation
SACOB is an Accredited CIMA Tuition Provider. CIMA SAQA ID 24418.
CIMA C05 Fundamentals of Ethics Corporate Governance and Business Law Company administration and finance: Entrance requirement
CIMA does not limit anyone from studying, therefore it is open to everyone. Depending on any previous qualifications and experience exemptions may be granted. It is recommended that students have a good understanding of mathematics and the English language.
CIMA C05 Fundamentals of Ethics Corporate Governance and Business Law Company administration and finance: Duration
On average, 3 months. If you need to take a little longer or want to finish it in under 3 months, no problem as you can book an exam date that suits you.
CIMA C05 Fundamentals of Ethics Corporate Governance and Business Law Company administration and finance: Outline
- Business Ethics and Ethical Conflict (30% of the syllabus)
- Corporate Governance, Controls and Corporate Social Responsibility (45% of the syllabus)
- General Principles of the Legal System, Contract and Employment Law (15% of the syllabus)
- Company Administration (10% of the syllabus)
CIMA C05 Fundamentals of Ethics Corporate Governance and Business Law Company administration and finance: Assessment
The great thing with the CIMA Certificate Level qualification is that it can be completed at your own pace, as you choose an exam date that suits you. There are no assignments during the course, only a final exam on completion of the course. The final exam takes place directly through CIMA and consists of a Computer Based Assessment (CBA) which can be sat at a CBA centre near you. CBA exams are 2 hours long and consist of 60 complusory objective test questions, these could be made up of the following:
- Multiple Choice
- Multiple Response
- Number Entry
- Drag and Drop
- Hot Spot
- Item Sets
Short scenarios may be given to which one or more test questions relate. You will need to obtain 50% in order to pass the course.
CIMA C05 Fundamentals of Ethics Corporate Governance and Business Law Company administration and finance: Award
Once you have sucessfully completed this course as well as the other 3 courses that make up the Certificate in Business Accounting you will receive your CIMA Certificate in Business Accounting. You don’t have to stop there though as you are now eligible to move on to the Operational Level of the CIMA Professional Qualification.
CIMA Operational level Managing the finance function: History and Services
CIMA Operational level Managing the finance function: The Chartered Institute of Management Accountants (CIMA) is a UK based professional body offering training and qualification in management accountancy and related subjects. It is focused on accountants working in industry, and provides ongoing support and training for members.
CIMA is one of the professional associations for accountants in the UK and Ireland. Its particular emphasis is on developing the management accounting profession. CIMA is the largest management accounting body in the world with more than 227,000 members and students in 179 countries. CIMA is also a member of the International Federation of Accountants.
CIMA operates a standard scheme of qualifying examinations for prospective members. It promotes local education, training and management development operations, and new techniques through its research foundation and the dissemination of management accounting practices through publications and other media related activities. CIMA has been active in recent educational and vocational initiatives in former Eastern bloc countries. It publishes a monthly journal, supplied free to members and registered students, called ‘Financial Management’.
CIMA is recognised as a professional accounting body for various statutory purposes by UK and various overseas governments. The institute regulates the activities of its members by a code of practice, a discipline committee and (a recent innovation) a continuing education scheme. Its governing body is its council, comprising members elected from regional branches. Each of the branches has a committee and is responsible for much of the ‘grass roots’ activity. Activity such as qualification development is undertaken from the London head office.
The CIMA Global Business Challenge, an annual international business and strategic management competition for undergraduates around the world, is designed to bring out the best in the young business leaders of tomorrow.
In July 2009, CIMA added an online community – CIMAsphere – to its website. The community consisted of a range of blogs, discussion boards, groups, community answers, expert Q&A sessions and some social networking features for members, students and the general public. This has since been shut down. Members are instead encouraged to join the CIMA LinkedIn group, and students are directed to CIMAconnect, an online study support portal.
In 2011, CIMA entered into a joint venture with the American Institute of Certified Public Accountants (AICPA) to launch a global management accounting designation called the Chartered Global Management Accountant (CGMA).In the Americas outside the U.S., non-U.S. CPAs can obtain the new designation as an AICPA International Associate, after a rigorous assessment process. In the rest of the world, new designation holders are able to become members of CIMA after the same assessment process.
CIMA is proactive to tie up with American CPA because of the current convergence trend between US-GAAP and IFRS, reinforced following the merger of the iconic New York Stock Exchange with Germany’s Deutsche Boerse AG. “It remains to be seen whether companies listed in a combined exchange would be required to report under IFRS, US GAAP or both, but as the US appears to be moving towards IFRS adoption it is more likely the international standards would be the accounting rules of choice”.