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Information on the CIMA Financial pillar

CIMA Financial pillar

CIMA Financial pillar:

CIMA Professional Qualification

The CIMA Professional Qualification is recognised worldwide as the most relevant global finance qualification for a career in business.

By studying with CIMA you will be joining a global organisation powered by two of the world’s leading accounting bodies (AICPA – the American Institute of Certified Public Accountants and CIMA). We work together to make management accounting the most valued profession in business worldwide.

On completion of the CIMA Professional Qualification, you will be awarded the Chartered Global Management Accountant (CGMA) designation, recognising your value and showcasing your professionalism, business and leadership skills, ethics and commitment.

As accountants in business, management accountants need to understand how businesses operate, how they are managed, how people work together and how strategy is formulated.

They also need to be able to provide the analysis which managers need to understand the economics of a businesses’ operations, to manage performance and to manage risk. These capabilities are in addition to the core technical financial accounting skills expected of a professional accountant.

Only the CIMA Professional Qualification can give you the right mix of skills, knowledge and experience needed add value to organisations and drive business success.

CIMA Financial pillar

You will need the following details to complete your registration:

  • Your contact details, including address, telephone and email
  • Your current employment details (if you are working)
  • Details of your tuition provider (if you are already studying)
  • Your debit or credit card details (if paying online)

CIMA Financial pillar

CIMA Syllabus structure:

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.[1] CIMA is also a member of the International Federation of Accountants.

CIMA Financial pillar

The learning pillars

Subjects within each learning pillar of the qualification are designed to be sequential, from operational to strategic level, encouraging the progressive development of knowledge, techniques and skills.

Operational and management level

Within each learning pillar, students are advised to sit and pass the operational level subject examination before sitting the management level subject. However, examinations from different learning pillars, at either operational or management level, may be sat concurrently. Students are recommended to sit no more than three examinations at any single diet, in order to optimise the probability of success

The pass mark for each of the operational and management level subject examinations is 50% and permanent credit is awarded for any paper in which the candidate scores 50% or more.

Students must pass all operational and management level subject examinations, in each learning pillar, before attempting the strategic level subjects.

On successful completion of all operational level subjects, students are awarded the CIMA Diploma in Management Accounting.

On successful completion of all management level subjects, students are awarded the CIMA Advanced Diploma in Management Accounting.

Strategic level

When attempting the strategic level subjects, students must sit all three examination papers (one from each learning pillar – Papers E3, P3 and F3) together at the first sitting. At any subsequent examination attempts, these papers may be taken in any order and combination.

The pass mark for each of the strategic level subject examinations is 50% and permanent credit is awarded for any paper in which the candidate scores 50% or more.

Students must pass all three strategic level subject examinations before attempting the Test of Professional Competence in Management Accounting

CIMA Financial pillar

There are four steps you should work through.

Step 1

How do you learn? First you need to be aware of your style of learning. The BPP Learning Media Learning to Learn Accountancy book commits a chapter to this self-discovery. What types of intelligence do you display when learning? You might be advised to brush up on certain study skills before launching into this Study Text. BPP Learning Media’s Learning to Learn Accountancy book helps you to identify what intelligences you show more strongly and then details how you can tailor your study process to your preferences. It also includes handy hints on how to develop intelligences you exhibit less strongly, but which might be needed as you study accountancy. Are you a theorist or are you more practical? If you would rather get to grips with a theory before trying to apply it in practice, you should follow the study sequence on page (viii). If the reverse is true (you like to know why you are learning theory before you do so), you might be advised to flick through Study Text chapters and look at examples, case studies and questions (Steps 8, 9 and 10 in the suggested study sequence) before reading through the detailed theory.

Step 2

How much time do you have? Work out the time you have available per week, given the following. • The standard you have set yourself • The time you need to set aside later for work on the Practice & Revision Kit and Passcards • The other exam(s) you are sitting • Very importantly, practical matters such as work, travel, exercise, sleep and social life Hours Note your time available in box A. A viii Introduction

Step 3

Allocate your time

• Take the time you have available per week for this Study Text shown in box A, multiply it by the number of weeks available and insert the result in box B.

• Divide the figure in box B by the number of chapters in this text and insert the result in box C.

Step 4

Implement Set about studying each chapter in the time shown in box C, following the key study steps in the order suggested by your particular learning style. This is your personal Study Plan. You should try and combine it with the study sequence outlined below. You may want to modify the sequence a little (as has been suggested above) to adapt it to your personal style. BPP Learning Media’s Learning to Learn Accountancy gives further guidance on developing a study plan, and deciding where and when to study.

CIMA Financial pillar

Recommended read 

CIMA Financial pillar

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Watch CIMA Certificate level sample video lectures Visit cakart.in
Watch CIMA Operational Level sample video lecture Visit cakart.in
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Watch CIMA Strategic Level Sample Video Lecture Visit cakart.in
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