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Complete Details on CIMA Management level


CIMA Management level

Complete Details on CIMA Management level: By passing the level, you will gain the CIMA Advanced Diploma in Management Accounting

Management level is the second level of the CIMA Professional Qualification and consists three subject areas.

The technical content at the Management level

The Management level translates the strategy decided at higher levels, and communicates it to lower levels for implementation. It monitors and reports on the implementation of strategy, and ensures corrective action is taken when required. It has a medium-term focus.

E2 Project and Relationship Management

Covers:You will learn how to:
  1. Introduction to strategic management and assessing the global environment
  2. The human aspect of the organisation, managing relationships
  3. Managing change through projects
  1. Develop a holistic approach to managing organisations from external and internal perspectives
  2. Implement organisational strategy through people, projects, processes and relationships.

P2 Advanced Management Accounting

Covers:You will learn how to:
  1. Cost planning and analysis for competitive advantage
  2. Control and performance management of responsibility centres
  3. Long-term decision making
  4. Management control and risk

 

  1. Analyse, plan and manage costs to support the implementation of the organisation’s strategy
  2. Manage and control the performance of business units within the organisation in line with short-term budgets and long-term strategy
  3. Make investment decisions, taking into account the risks related with such decisions

F2 Advanced Financial Reporting

Covers:You will learn how to:
  1. Sources of long-term finance
  2. Financial reporting
  3. Analysis of financial performance and position
  1. Source long-term finance
  2. Produce and analyse complex aspects of group accounting
  3. Use analysis of financial statements to provide insights about the performance of the business over time

Complete Details on CIMA Management level

CIMA Management level: 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”.

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