CIMA certificate level Study material

CIMA certificate level Study material

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”.

CIMA certificate level Study material

The Astranti Study Texts have been used by thousands of CIMA Students in preparation for their management accountancy exams. They cover the entire CIMA syllabus for the 2015 exams and onwards and have been carefully written to be concise and easy to read but detailed enough to clearly guide you through the topics you must know in order to pass the exams. What are you waiting for? Try a sample of the books below to see one for yourself.

• Prepared by our expert team of professional writers the study texts feature:
• Full Syllabus Coverage
• Clear and simple explanations for ease of understanding
• Carefully worked step-by-step examples
• Condensed and focused on likely exam content
• Linked with our chapter-by-chapter revision questions available to purchase on Astranti.com

CIMA certificate level Study material

The CIMA Certificate in Business Accounting

The CIMA Certificate in Business Accounting syllabus has been designed to be relevant to employer needs, coherent, to support the professional qualification and enhance the student learning experience. The five certificate subjects are completely flexible. You can study the exams in any order and choose any combination of exams to suit your way of studying. Students who carefully plan and commit to their studies can complete the CIMA Certificate in Business Accounting qualification in 12-18 months.

CIMA certificate level Study material

About the syllabus

The syllabus is made up of five subjects:

• Fundamentals of Management Accounting (C01)

• Fundamentals of Financial Accounting (C02)

• Fundamentals of Business Mathematics (C03)

• Fundamentals of Business Economics (C04)

• Fundamentals of Ethics, Corporate Governance and Business Law (C05)

CIMA certificate level Study material

• C01 Fundamentals of Management Accounting

This exam deals with the basic techniques for the identification and control of costs and cost management. It introduces the context of management accounting in commercial and public sector bodies and its wider role in society

• C02 Fundamentals of Financial Accounting

This exam takes candidates through conceptual and regulatory frameworks, accounting systems, preparing accounting statements for single entities, and the necessary controls for accounting systems.

• C03 Fundamentals of Business Mathematics

This exam introduces students to basic mathematics, probability, summarising and analysing data, variables, forecasting, financial mathematics and spreadsheets ie business applications of mathematics.

• C04 Fundamentals of Business Economics

This exam covers the goals and decisions of organisations, the market system and the competitive process, the financial system and the macroeconomic context of business.

• C05 Fundamentals of Ethics, Corporate Governance and Business Law

This exam covers 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 certificate level Study material

Understanding the syllabus

The syllabus for each exam contains:

• Lead and component learning outcomes which demonstrate what our students ‘can do’ once they pass that subject.

• Indicative syllabus content

A component learning outcome has two main purposes:

• To define the skill or ability (referred to as ‘learning objective’) that a well-prepared candidate should be able to demonstrate in the examination.

• To demonstrate the approach likely to be taken by examiners in examination questions.

CIMA certificate level Study material

Recommended read 

• Complete details of CIMA Syllabus and Subjects
• Complete details of CIMA Study plan
  
• CIMA Exam related Free notes complete details
• CIMA Exam Study material, Practice manual complete details

CIMA certificate level Study material