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CIMA operational level amendments
CIMA operational level amendments
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 operational level amendments – CIMA Syllabus topic weightings
Each subject is divided into a number of broad CIMA syllabus topics.
A percentage weighting is shown against each CIMA syllabus topic and is intended as a guide to the proportion of study time each topic requires.
It is essential that all topics in the CIMA syllabus are studied, as all topics will be examined. The weightings do not specify the number of marks that will be allocated to topics in the examination.
CIMA operational level amendments
Enterprise pillar
Operational Level :
Organisational Management E1
| Steps | Topics | Weighting |
| A | Introduction to Organisations | 25% |
| B | Managing the finance function | 15% |
| C | Managing technology and information | 15% |
| D | Operations management | 15% |
| E | Marketing | 15% |
| F | managing Human Capital | 15% |
CIMA operational level amendments
Management Level :
Project and Relationship Management E2
| Steps | Topics | Weighting |
| A | Introduction to Strategic Management and Assessing the global Environment | 30% |
| B | The human aspects of Organisation | 20% |
| C | Managing Relationships | 20% |
| D | Managing Change through projects | 30% |
Strategic level :
Strategic Management E3
| Steps | Topics | Weighting |
| A | Interacting with the organisations Environment | 20% |
| B | Evaluating Strategic position and strategic options | 30% |
| C | Leading Change | 20% |
| D | Implementating Strategy | 15% |
| E | The Role of Information systems in organisational strategy | 15% |
CIMA operational level amendments
Performance Pillar
Operational Level :
Management Accounting P1
| Steps | Topics | Weighting |
| A | Costing Accounting Systems | 30% |
| B | Budgeting | 25% |
| C | Short Term Decision Making | 30% |
| D | Dealing with Risk and Uncertainty | 15% |
Management Level :
Advanced management Accounting P2
| Steps | Topics | Weighting |
| A | Cost Planning and Analysis for Competitive Advantage | 25% |
| B | Control and Performance Management of Responsibility Centres | 30% |
| C | Long Term Decision making | 30% |
| D | Management Control and Risk | 15% |
Strategic Level :
Risk Management P3
| Steps | Topics | Weighting |
| A | Identification, Classification and Evaluation of Risk | 20% |
| B | Responses to Strategic Risk | 20% |
| C | Internal Controls to Manage Risk | 20% |
| D | Managing Risk Associate with cash Flow | 20% |
| E | Managing Risk Associate with capital investment decisions | 20% |
CIMA operational level amendments
Financial Pillar
Operational Level :
Financial Reporting and Taxation F1
| Steps | Topics | Weighting |
| A | Regulatory Environment for Financial Reporting and Corporate Governance | 10% |
| B | Financial Accounting and Reporting | 45% |
| C | Management of Working capital, Cash and Sources of short term Finance | 20% |
| D | Fundamentals of Finance Taxation | 25% |
CIMA operational level amendments
Management Level :
Advanced Financial Reporting F2
| Steps | Topics | Weighting |
| A | Sources of Long Term Finance | 15% |
| B | Financial Reporting | 60% |
| C | Analysis of Financial Performance and Position | 25% |
CIMA operational level amendments
Strategic Level :
Financial Strategy F3
| Steps | Topics | Weighting |
| A | Formulation of Financial Strategy | 25% |
| B | Financial and Dividend Decisions | 35% |
| C | Corporate Finance | 40% |
CIMA operational level amendments
CIMA strategic level amendments
Schedule of amendments to CIMA :
Aims of the syllabus The aims of the syllabus for the CIMA Professional Chartered Management Accounting qualification 2010 are:
• To provide for the institute, an adequate basis for assuring society that those admitted to membership are competent to act as management accountants for entities, whether in manufacturing, commercial or service organisations, in the public or private sectors of the economy.
• To enable the institute to examine whether prospective members have an adequate knowledge, understanding and mastery of the stated body of knowledge and skills.
• To enable the institute to assess whether prospective members have completed initial professional development and acquired the necessary work based practical experience and skills.
CIMA operational level amendments
MEMBERS’ REGULATIONS
| BEFORE | AFTER | |
| 5.1 | The application fees and annual subscriptions for Fellows and Associates shall be determined by the Institute in General Meeting from time to time. | The application fees and annual subscriptions (‘fees’) for Fellows and Associates shall be determined by the Institute in General Meeting from time to time, provided that the Council shall have discretion: (i) to vary the method by which fees are collected; (ii) to authorise the collection of fees in currencies other the GB pounds; and (iii) to reduce the subscriptions payable by Members or specified groups of Members. |
| 6.1 | In accordance with guidance provided from time to time by the Council, the Appointments Committee appointed under Council Regulations shall appoint the Chairman, Vice-Chairman and other members of an Investigation Committee, a Disciplinary Committee, and an Appeal Committee (“conduct committees”). The Appointments Committee may exercise its powers under this Regulation from time to time and shall ensure that: (i) no member of Council shall be appointed to a conduct committee; (ii) no person shall simultaneously be a member of more than one conduct committee; (iii) the Chairman and Vice-Chairman of the Appeal Committee shall hold legal qualifications satisfactory to the Appointments Committee. Unless an initial period of appointment of one of two years is considered by the Appointments Committee to be required to secure the rotation of members, a member of a conduct committee shall be appointed to serve for a period of not less than three years nor more than five, provided that the Appointments Committee may on an exceptional basis extend the maximum period. Membership of a conduct committee may be terminated on reasonable grounds by the Appointments Committee. | In accordance with guidance provided from time to time by the Council, the Appointments Committee appointed under Council Regulations shall appoint the Chairman, Vice Chairman and other members of an Investigation Committee, a Disciplinary Committee, and an Appeal Committee (“conduct committees”). The Appointments Committee may exercise its powers under this Regulation from time to time and shall ensure that: (i) no member of Council shall be appointed to a conduct committee; (ii) no person shall simultaneously be a member of more than one conduct committee; (iii) the Chairman and Vice-Chairman of the Appeal Committee shall hold legal qualifications satisfactory to the Appointments Committee. A member of a conduct committee shall serve for such period as may be determined by the Appointments Committee, and may be removed by the Appointments Committee at any time on reasonable grounds. |
CIMA operational level amendments
| Schedule of amendments to CIMA – BEFORE | Schedule of amendments to CIMA – AFTER | |
| 6.3 | Unless in the course of the initial administrative processing of a complaint against a Member or Registered Student it is revealed that the Member or Registered Student in question has died or is seriously unwell and that, in the light of evidence produced to this effect, it is not appropriate to proceed, such complaint shall be referred to the Investigation Committee who shall consider it and, having made such further enquiries as it shall see fit, may reach one of the following findings: (i) that there is no prima facie case to answer; (ii) that: a. the respondent may have committed an act of misconduct, and the complaint raises or reappears to raise serious issues affecting the public interest in the United Kingdom, and the complaint should be referred to an organisation set up for the purposes of Article 4(d) of the Charter, b. after receiving notice in writing from any such organisation of its decision that the matter be dealt with by that organisation, the Committee suspend its investigation of the complaint; (iii) that there is a prima facie case to answer and the respondent should be invited in accordance with Council Regulations, or payments of costs, without further proceedings under these Regulations; (iv) that there is a prima facie case to answer and the complaint be referred to the Disciplinary Committee. | When an allegation against a Member or Registered Student is received or raised by the Institute, appropriate administrative procedures shall be followed with a view to determining the terms of a complaint to be put to the Member or Registered Student for response. If it is not possible to reach such a determination, or the allegation is withdrawn or not pursued, the Institute may close the file relating to the matter. If, at any time after an allegation has been received, or after a complaint has been put to a Member or Registered Student, circumstances arise which in the opinion of the Institute make it clearly inappropriate to proceed, the file may be put in abeyance or closed. Such circumstances would include, but are not limited to, the death or ill-health of the Member or Registered Student concerned. After a Member or Registered Student has either responded to a complaint or, having been given a period of time considered reasonable by the Institute to respond, has failed to do so, the complaint shall be referred to the Investigation Committee for consideration. The Investigation Committee may, on considering a complaint, require the Institute to obtain further specified information or to undertake inquiries on its behalf. Subject to 6.3.4 above, the Investigation Committee shall consider the complaint and shall reach one of the following conclusions (i) that there is no prima facie case to answer; or (ii) that, having regard to the public interest aspects of the complaint which the Committee perceives, the complaint should be referred to an organisation set up for the purposes of Article 4(d) of the Charter; or (iii) that having noted that the Institute has received notice in writing from such organisation that the complaint is to be dealt with by that organisation, the Committee will suspend its consideration of the complaint; or (iv) that there may be a prima facie case to answer but the complaint is so insubstantial that it would not warrant |
CIMA operational level amendments
| proceedings before the Disciplinary Committee; or (v) that there is a prima facie case to answer and the respondent should be invited in accordance with the Council Regulations to consent to the imposition of a sanction or sanctions consisting of an admonishment or reprimand or severe reprimand and/or a fine up to an amount specified from time to time in Council Regulations, and/or be required to make a payment of costs, as closing the complaint; or (vi) that there is a prima facie case to answer and the complaint will be referred to the Disciplinary Committee. | ||
| 6.4.1 | Subject to 6.4.2 below, a complaint referred to the Disciplinary Committee shall be heard as soon as practicable. The complainant and the respondent shall be advised of the date and place of the proposed hearing, and the respondent shall in addition be advised of the complaint that has been made against him and that he is entitled to attend the hearing, to speak and give evidence on his own behalf or to be represented, and to call and cross examine witnesses; and that if he does not attend the hearing the matter may be determined in his absence. Subject to the Laws of the Institute, the Disciplinary Committee may decide its own procedure, and the Chairman may decide in any particular case whether the proceedings shall be open, in whole or in part, to the public, who may be excluded at any time at his discretion. | Subject to 6.4.2 and 6.4.3 below, a complaint referred to the Disciplinary Committee shall be heard as soon as practicable. The complainant and the respondent shall be advised of the date and place of the proposed hearing, and the respondent shall in addition be advised of complaint that has been made against him and that he is entitled to attend the hearing, to speak and give evidence on his own behalf or to be represented, and to call and cross examine witnesses; and that if he does not attend the hearing the matter may be determined in his absence. Subject to the Laws of the Institute, the Disciplinary Committee may be decide in any particular case whether the proceedings shall be open, in whole or in part, to the public, who may be excluded at any time at his discretion. |
CIMA operational level amendments
| Schedule of amendments to CIMA – BEFORE | Schedule of amendments to CIMA – AFTER | |
| 6.4.2 | Existing MR 6.4.2 renumbered 6.4.3 | The Disciplinary Committee may meet in private without the parties at the request of the Chairman for any purpose, whether in relation to a complaint or any other matter relevant to its jurisdiction. The Committee may in particular meet in private in respect of any complaint referred to it by the Investigation Committee, for the purpose of resolving the matter, at the suggestion of the respondent who admits the relevant facts, without the need for a hearing under these Regulations. Subject to Council Regulations, the Disciplinary Committee may determine its own procedure for convening and conducting meetings under this Regulation in rules or, subject to such rules, as it sees fit in any particular case. The Chairman of the Disciplinary Committee may also grant, or invite the parties to attend, a pre-hearing review of a case in accordance with the procedures of the Committee. |
| 6.4.3 | (Formerly MR 6.4.2 and now renumbered as 6.4.3) Where the Institute is prosecuting a case under the disciplinary procedures of the Institute and facts emerge or circumstances arise, after that case has been referred by the Investigation Committee to the Disciplinary Committee, which in the opinion of the Institute makes its further prosecution at that time inappropriate, the Institute may abandon or postpone its action in that case provided that the reasons for such abandonment or postponement are reported to the Investigation Committee at the next available opportunity. | Where the Institute is prosecuting a case under the disciplinary procedures of the Institute and facts emerge or circumstances arise, after that case has been referred by the Investigation Committee to the Disciplinary Committee, which in the opinion of the Institute makes its further prosecution at that time inappropriate, the Institute may abandon or postpone its action in that case provided that the reasons for such abandonment or postponement are reported to the Investigation Committee at the next available opportunity. |
CIMA operational level amendments
| BEFORE | AFTER | |
| 6.5 | The Disciplinary Committee shall decide, having heard the case, whether the complaint is upheld. If so, the Committee shall direct that any one or more of the following sanctions be imposed: (i) the respondent be admonished; (ii) the respondent be reprimanded; (iii) the respondent be severely reprimanded; (iv) the respondent’s registration as a Member in Practice be suspended or cancelled; (v) the respondent’s Practising Certificate be withdrawn; (vi) the respondent be fined an amount not exceeding a maximum determined from time to time in Council Regulations; (vii) the respondent be expelled from membership of the Institute; (viii) the respondent’s membership be made subject to conditions; (ix) the respondent’s registration, if a Registered Student, be cancelled or made subject to conditions; and the respondent may be required to pay all or part of the costs of the proceedings against him. | The Disciplinary Committee shall decide, following a hearing, whether the complaint is upheld. If so, and unless the Committee decides in the particular circumstances that no sanction shall be applied, the Committee shall direct that any one or more of the following sanctions be imposed: (i) the respondent be admonished; (ii) the respondent be reprimanded; (iii) the respondent be severely reprimanded; (iv) the respondent’s registration as a Member in Practice be suspended or cancelled; (v) the respondent’s Practising Certificate be withdrawn; (vi) the respondent be fined an amount not exceeding a maximum determined from time to time in Council Regulations; (vii) the respondent be expelled from membership of the Institute; (viii)the respondent’s membership be made subject to conditions; (ix) the respondent’s registration, if a Registered Student, be cancelled or made subject to conditions; and the respondent may be required to pay all or part of the costs of the proceedings against him. |
| 8.1 | Notice of intention to propose any special resolution shall be given in writing and lodged with the Chief Executive, together with a copy of the text of such resolution, not less than eight weeks nor more than twelve weeks before the date of the General Meeting at which it is to be considered. | “8.1 Deleted” |
CIMA operational level amendments
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CIMA operational level amendments
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CIMA operational level amendments
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